Aerial refueling is mainly defined as transferring aviation fuel from one aircraft to another, in their flight modes. The aircraft that transfers the fuel is referred to as the tanker, whereas the aircraft that gets the fuel is known as the receiver. Typically, flying boom and progue-and drogue are two primary methodologies used to accomplish the aerial refueling processes. Aerial refueling processes are essential, especially for military aircraft, wherein the extra fuel received can lead to aircraft to remain airborne for a longer time. In this way, the range of the aircraft, as well as its functioning capability, can significantly increase. This could be done to compensate for the heavyweight of weapons, armor, and other similar objects, reducing the maximum takeoff weight. The global aerial refueling market is anticipated to grow at a CAGR of 5.7% during the forecast period.

Top Driver: Focus on the Replacement of Obsolete Military Aircraft and Rising Practice of Combat Aircraft

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.

In contrast, requiring extensive training for refueling operation harsh weather or at night makes it harder to navigate and pose a threat to the Aerial Refueling Systems market over the forecast period

Military Aircrafts to Make Crucial Contribution to Growth of the Market

On the basis of application, the market is segmented into Military Aircrafts, Helicopters, Commercial Aircraft, UAV. Military aircrafts segment accounted for the largest market share owing to the rising demand for military services. On the basis of component, the market is segmented into Hoses, Boom Refueling Pods, Refueling Probes, Drogues. On the basis of distribution channel, the market is segmented into OEM, Aftermarket.

Rising In the Investments to Benefit North America Market

North America is anticipated to gain the highest market for Aerial Refueling Systems in the coming years. The United States is likely to remain the potential market of North America, powered by an increased defense budget. The Asia Pacific is projected to experience prominent growth in the forecast period. Investment in the defense sector of emerging Asian markets such as India, China, Japan, and South Korea are likely to propel the region’s demand for Aerial Refueling Systems industry.

Players to Focus on 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.

BAE Systems: In May 2020, U.S. Navy’s Naval Air Warfare Center Aircraft Division’s (NAWCAD) Aircraft Prototyping Systems Division has awarded BAE Systems a prime position on a $26.7 million task order to install, integrate, and test the Department of the Navy (DoN) Large Aircraft Infrared Countermeasur             es (LAIRCM) system on KC-130J aerial transport and refueling aircraft.

GE Aviation: In July 2012, GE Aviation announced that they signed an agreement with The Boeing Company potentially worth up to $180 million to provide the mission control system for the U.S. Air Force’s KC-46A tanker. The agreement includes design, development and production throughout the life of the program.

Scope of the Report

By Application

• Military Aircrafts
• Helicopters
• Commercial Aircraft
• UAV

By Components

• Hoses
• Boom Refueling Pods
• Refueling Probes
• Drogues

By Distribution Channel

• OEM
• Aftermarket

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.