“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
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:
|Unit||Value (USD Billion)|
|Market scope||By Application
· Military aircraft
· Commercial aircraft
· Boom refueling pods
· Refuelling probes
· 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)