Aerial Refueling Systems Market to reach an estimated value of US$ 671.9 million in the forecast period

The report on the Aerial Refueling Systems Market has an all-inclusive report that talks about the market structure and growth in the forecast period of 2019-2024.

The report also offers insights into different market segments and other factors affecting the market.

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Aerial Refueling Systems Market is expected to reach an estimated value of US$ 671.9 million by the forecast period (2019 – 2024).

As per the report, the market is segmented by:

• by Aircraft Type (Combat Aircraft, Helicopter, and Others) – Combat aircraft is likely to remain the growth engine of the market.
  ●by System Type (Hose and Drogue, and Boom and Receptacle) – Hose & Drogue will remain the larger and faster-growing system type segment.
  ●by Component Type (Refueling Pods, Refueling Probes, and Fabrics) – Boom will remain the dominant component of the market.
  ●by End -User Type (OE and Aftermarket) – OE will remain the larger and faster-growing segment of the market.
  ●and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

Highlights of the Report:

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.

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.

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 of the Market

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.

Features of the Report

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. Here are the key features of the report:

• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth