Aerial Fueling Market To Reach US$ Xx Billion By 2028; Increasing tanker aircraft demand with rising defense budget across developed and emerging economies will boost the market revenue

• admin@insureinsights
• July 30, 2020
• No Comments

“Aerial fueling Market, Size, Share, Opportunities Analysis, By Application (Military aircraft, Helicopter, Commercial Aircraft, UAV), By Components (Hoses, Boom Refueling pods, Refueling probes, Drogues), By Distribution channel (OEM, Aftermarket), and By Region regional forecast, 2020-2028.”

The global aerial fueling market is anticipated to expand at a CAGR of 5.7% between 2020 and 2027 and earn around US$ billion by 2027. The beneficial effect of allowing aircraft to fly further and stay aloft longer is the critical driver of Aerial Refueling Systems. It allows aircraft to operate from fewer airbases and bear more weapons. Continuous focus on the replacement of obsolete military aircraft and the rising practice of combat aircraft in military missions have positively impacted the demand for the Aerial Refueling Systems market.

Key trends of global Aerial Fueling market

• North America could show faster growth in the global aerial fueling market due to heavy investment in defense.
• Asia Pacific is expected to collect a lion’s share of the global aerial fueling market because of the increasing investment by emerging countries such as India and China.
• On the basis of application, the military aircraft segment is anticipated to grow at a significant pace during the forecast period.
• Among components, boom refueling pods is predicted to secure a leading share of the global aerial fueling market by 2027
• Among the distribution channel of the global aerial fueling market, OEM could exhibit quick growth in future

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Airbus S.A.S., BAE Systems, Cobham plc, Draken International, Eaton Corporation, GE Aviation, Israel Aerospace Industries, Marshall Aerospace and Defence Group, Parker Hannifin Corporation, and Safran among others could be at the forefront of the competition in the global market.

 

Table of Segmentation:

ATTRIBUTE	DETAILS
Study Period	2019-2028
Unit	Value (USD Billion)
Market scope	By Application ·       Military aircraft ·       Helicopter ·       Commercial aircraft ·       UAV
	By Component ·       Hoses ·       Boom refueling pods ·       Refuelling probes ·       Drogues
	By Distribution ·       OEM ·       Aftermarket
	By Region ·       North America (U.S., Canada, and Mexico) ·       Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe) ·       Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific) ·       South America, Middle East & Africa (Brazil, South Africa, UAE, and the Rest of the region)