Aerial Refueling Systems Market Forecasts to 2028 – Global Analysis By Type (Tanker Aircraft Systems, Receiver Aircraft Systems), System (Probe & Drogue, Flying Boom, Autonomous), Component, Application, Distribution Channel and By Geography
According to Stratistics MRC, the Global Aerial Refueling Systems Market is accounted for $4.54 million in 2020 and is expected to reach $6.96 million by 2028 growing at a CAGR of 5.5% during the forecast period. Increasing adoption of multi role tanker transport aircraft, rising defense budgets, and growing aviation industry are the major factors propelling the market growth. However, complex operating mechanism and high maintenance costs are hampering the market growth.
Aerial refueling, also referred to as air refueling, in-flight refueling (IFR), air-to-air refueling (AAR), and tanking, is the process of transferring aviation fuel from one military aircraft (the tanker) to another (the receiver) during flight. The two main refueling systems are probe-and-drogue, which is simpler to adapt to existing aircraft, and the flying boom, which offers faster fuel transfer, but requires a dedicated boom operator station. The procedure allows the receiving aircraft to remain airborne longer, extending its range or loiter time. A series of air refuelings can give range limited only by crew fatigue and engineering factors such as engine oil consumption.
Based on component, the refueling pods segment is going to have a lucrative growth during the forecast period owing to the increasing demand for fighter aircraft that provides better performance during the transferring operation. The refueling pod offers stability in the air for flying aircraft and receivers to provide adequate fuel transferring at a large amount. The growth is also attributed to the increasing demand for new generation aircraft with integrated probe systems for refueling. The growing demand is due to its features such as easy to maintain, low acquisition cost, convenience for refueling etc.
By geography, North America is going to have a lucrative growth during the forecast period due to the presence of largest refueling fleets. The U.S. fleet includes over 400 KC-135s and 55 large KC-10s. The U.S. Air Force and Marine Corps are enhancing their fleet to sustain their aerial supremacy that in turn will influence the market expansion across the region. Moreover, the region is witnessing replacement of old refueling tankers with versatile ones to strengthen refueling capability.
Some of the key players profiled in the Aerial Refueling Systems Market include Boeing, Cobham Plc, Dassault Aviation, Eaton Corporation, GE Aviation System, Liebherr Group, Lockheed Martin, Marshall of Cambridge (Holdings) Ltd, Northstar Engineering Corporation, Omega Aerial Refueling Services lnc, Smiths, and Zodiac Aerospace.
Estimated Market Size in 2020:
USD 4.54 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 6.96 million
Tables, Graphs& Figures
Type, System, Component, Application, Distribution Channel and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Tanker Aircraft Systems
• Receiver Aircraft Systems
• Probe & Drogue
• Flying Boom
• Refueling Pods
• Refueling Probes
• Commercial Aircraft
• Military Aircraft
• Unmanned Aerial Vehicles (UAV)
Distribution Channels Covered:
• Original Equipment Manufacturer (OEM)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Aerial Refueling Systems Market is majorly driven by increasing defense spending and surging procurement of next generation military aircrafts.
The refueling pods segment is growing at a highest CAGR owing to the growing demand for new generation aircraft with integrated probe systems for refueling.
North America dominated with a significant market share due to the factors such as replacement of old refueling tankers with versatile ones to strengthen refueling capability and presence of largest refueling fleets across the region.
Europe market is growing at a highest CAGR owing to the growing terrorism in the Middle Eastern countries and increasing jets in military operations in the region.
Key players in Aerial Refueling Systems Market include Boeing, Cobham Plc, Dassault Aviation, Eaton Corporation, GE Aviation System, Liebherr Group, Lockheed Martin, Marshall of Cambridge (Holdings) Ltd, Northstar Engineering Corporation, Omega Aerial Refueling Services lnc, Smiths, and Zodiac Aerospace.
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