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    Aerial Refueling Systems Market Size, Share & Forecast (2019-2024)

    Aerial Refueling Systems Market Size, Share & Forecast (2019-2024)
    Report code - SRAD149 Published On : Feb,2019 No. of Pages: 242
    Aerial Refueling Systems Market Size, Share, Trend, Forecast, & Competitive Analysis: See more...
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    Aerial Refueling Systems Market Insights

    As per Stratview Research, the global aerial refueling systems market offers a healthy growth opportunity in the entire ecosystem and is likely to reach an estimated value of US$ 671.9 million in 2024. Increasing demand for tanker aircraft, owing to rising defense budgets in the developing economies and expected replacement of old tanker aircraft fleet of KC-135 in the USA, emergence of multirole aircraft tankers; increasing demand for long-run military jets for special purpose missions, and rising tanker fleet size are the major growth drivers for the aerial refueling systems market.

    Aerial Refueling System Market Forecast

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    The USA, the largest market for the defense industry, has a large aging tanker fleet which needs replacement with the latest tanker aircraft. The USA’s current plan is to purchase 179 Boeing’s KC-46 tanker aircraft by 2027 and will eventually replace 470 KC-135 tanker aircraft with KC-46 aircraft. In Sep. 2018, the US Air Force gave a contract of about US$ 2.9 billion to Boeing for 18 additional KC-46 Pegasus tanker aircraft, making the total order of 52 aircraft. Later in Jan. 2019, Boeing successfully delivered its first KC-46A Pegasus tanker aircraft to the US Air Force.

    Aerial Refueling Systems Market Share Analysis

    Aerial Refueling System Market Foercast

    Aerial Refueling Systems Market Share by Aircraft Type

    The market is segmented based on the aircraft type as Combat Aircraft, Helicopter, and UAV. Combat aircraft is likely to remain the growth engine of the market during the forecast period. Increasing demand for combat aircraft, owing to rising tensions, and large aging combat aircraft fleet size and a greater need of multiple tanker aircraft for refueling are the major factors that are proliferating the demand for refueling systems in the segment. The UAV segment is likely to witness the highest growth during the forecast period, driven by increasing production of long-range UAVs.

    Aerial Refueling Systems Market Share by System Type

    Based on the system type, the market is segmented as Hose & Drogue and Boom & Receptacle. Hose & Drogue is expected to remain the larger and faster-growing system type in the market during the forecast period of 2019 to 2024, driven by low cost and ease in refueling. All the major tanker aircraft are increasingly opting for hose and drogue system. KC-46 tanker aircraft of Boeing, the most talked tanker aircraft, are equipped with a permanent centerline drogue system and removable wing air refueling pods.

    Regional Insights

    In terms of region, North America is expected to remain the largest aerial refueling systems market during the forecast period. The USA is likely to remain the growth engine of the North American market, propelled by high defense budget, large tanker aircraft fleet (KC-135), and expected replacement of old aircraft fleet with new KC-46 tanker aircraft in the coming years. 

    Asia-Pacific is expected to experience the highest growth during the same period. Increasing defense budget of the major Asian markets, such as China, India, Japan, and South Korea; and good order size of tanker aircraft are likely to drive the demand for aerial refueling systems in the region.

    Key Players

    The supply chain of this market comprises raw material suppliers, component manufacturers, aerial refueling system suppliers, aircraft manufacturers, and end users. The key aerial refueling system manufacturers are Cobham Plc., Eaton Corporation, Safran S.A. (Zodiac Aerospace), GE Aviation Systems, and Marshall Aerospace and Defense Group. Developing high-performance aerial refueling systems and components and building long-term relations with the customers are the key strategies adopted by the major players to gain a competitive edge in the market.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2013-2024

    Size in 2024

    US$ 671.9 million

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, The UK, Russia, China, Japan, India, Latin America, the Middle East and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Aerial Refueling Systems Market Size, Share & Forecast by Aircraft Type:

    • Combat Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aerial Refueling Systems Market Size, Share & Forecast by System Type:

    • Hose and Drogue (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Boom and Receptacle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aerial Refueling Systems Market Size, Share & Forecast by Component Type:

    • Refueling Pods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Refueling Probes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Drogues (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Hoses (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Boom (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

     Aerial Refueling Systems Market Size, Share & Forecast by End-User Type:

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Aerial Refueling Systems Market Size, Share & Forecast by Region:

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, Italy, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Report Features

    This strategic assessment report, from Stratview Research, estimates the global aerial refueling systems market for the forecast period of 2019 to 2024 by studying current market trends, changing competitive dynamics, and future market possibilities. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.


    Frequently Asked Questions (FAQs)

    What will be the size of the Aerial Refueling Systems Market in the foreseeable years?

    Driven by a number of factors like Increasing demand for tanker aircraft, the aerial refuelling systems market is projected to reach an estimated value of US$ 671.9 million in 2024.

    Who are the key players in the Aerial Refueling Systems Market?

    Cobham Plc., Eaton Corporation, Safran S.A. (Zodiac Aerospace), GE Aviation Systems, and Marshall Aerospace and Defense Group are among the key players in the aerial refuelling systems market.

    Which region is expected to remain the largest Aerial Refueling Systems Market?

    North America is expected to remain the largest aerial refueling systems market during the forecast period of 2019-2024.

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