Refueling Aircraft Market - The Increasing Adopting Of Aerial Refueling Within Military Sector

As the aviation industry continues to touch new peaks each year, the global refueling aircraft market is flourishing and an increasing number of players are making a foray into it, according to the findings of a recent business intelligence publication by Transparency Market Research (TMR). That being said, the analysts of the TMR report have notified that the competitive landscape of the global refueling aircraft market is largely consolidated among a small pool of players who have established themselves in the past decades. The report identifies Lockheed Martin, General Electric Aviation systems, Eaton Corporation, Cobham Plc., Refuel International, Fluid Transfer International, Marshal Aerospace & Defense Group, and Garsite LLC as some of the prominent players who are currently ahead of the curve in the global refueling aircraft market.

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If the estimations of the TMR report are to be believed, the demand in the global refueling aircraft market will expand at a notable CAGR of 4.8% during the forecast period of 2017 to 2025. The report has projected that the opportunities in this market will translate into a revenue of US$12,868.7 mn by the end of 2025, substantially up from its evaluated worth of US$8,146.0 mn in 2015.

In the near future too, the analysts are foreseeing the shares to remain reserved predominantly among the market leaders, who are constantly indulging into collaborations and strategic acquisition with their financial might. The aforementioned players also have a strong product portfolio to cater to diverse demands. For instance, Lockheed Martin’s KC-130J tanker is among the leaders in aerial refueling for tactical and tiltrotor aircraft and helicopters. KC-130J tanker is also capable of conducting rapid ground refueling operations for tactical or armor vehicles. Such advanced aircraft refueling systems are designed to incorporate additional safety features and possess high flow rate at a lower price. AFS Aviation Fuel Services GmbH, Titan Aviation, and OMEGA Air Refueling have been identified as some of the other key players holding a mentionable position in this market.

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Aviation fuel is highly inflammable and besides posing strong safety concerns, it is harmful to the natural ecosystem of the soil as well. Consequently, apart from increasing pressure on the aviation industry to cater to the expanding demand, growing concerns regarding the incidences of oil spills as a result of to a faulty refueling equipment is driving the global refueling aircraft market. In addition to that, continuous advancements in air to air refueling technique is expected to reflect positively over the market.

This technique enables heavy aircrafts to take off with minimal payload and gain fuel when a cruising altitude is attained, which results in significant savings on fuel expenditure for the carriers. International standard regulations for the aviation industry, such as International Civil Aviation Organization (ICAO), Civil Aviation Authority (CAA), Joint Aviation Authorities (JAA), Federal Aviation Administration (FAA), European Aviation Safety Agency (EASA), International Air Transport Association, is another factor augmenting the demand in the global refueling aircraft market.

Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations

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This release was published on openPR.