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Global Aerial Refueling System Market 2018 Key Players are Boeing, Lockheed Martin Corporation, Eaton Corporation, Zodiac Aerospace, Cobham PLC, Dassault Aviation, GE Aviation System, Marshal Aerospace & Defense

Aerial Refueling System Market

Aerial Refueling System Market

Market Overview:-

E-2D Advanced Hawkeye’s successful completion of an aerial refueling test is the latest scoop grabbing most of the headlines in aerial refueling system marketplace. Reportedly, the three-hour test flight was being conducted by Air Test and Evaluation Squadron Two Zero in association with U.S. Navy’s 418th Flight Test Squadron from California based Edwards Air Force Base. In a bid to make this venture fruitful, the aerial refueling system equipped with E-2D, received 2,000 pounds of fuel from U.S. Navy’s KC-130 Hercules during its test flight at NAS (Naval Air Station) Patuxent River. Sources familiar with the matter stated that the effective testing undoubtedly reaffirms the on-time delivery of this breakthrough technology in aerial refueling system market. For the record, as of now, the production is scheduled for 2018, with operation slated to commence from 2020.

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Aerial refueling system market from probe and drogue is likely to showcase dominance with over 70% volume share by 2024. It offers better and passive tanker operations than the flying boom system. Moreover, it does not experience the requirement of precisely directing the drogue, unlike the counterpart. Provision of high fuel transferring rate in comparison with flying boom system will further propel the industry growth till 2024.

Top Key Players:-     

The key players of global Aerial Refueling System Market are Cobham PLC, GE Aviation System, Boeing, Lockheed Martin Corporation, Dassault Aviation, Eaton Corporation, Zodiac Aerospace, and Marshal Aerospace & Defense Group.

Regional Segmentations:-

North America aerial refueling system market is likely to hold a major share, crossing 50% of the revenue share till 2024. Presence of established manufacturers along with prevalence of multiple alternates of these systems including KC-130, KC-135, etc. will primarily support the regional dominance. Increasing defense budget of U.S. will further contribute significantly towards the high revenue generation.

Asia Pacific will showcase rapid growth owing to rising aircraft deliveries across the region, especially in the countries including Australia, China, and Japan, strengthening the product penetration.

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Major Points of Table Of Content:-

3    Aerial Refueling System Industry Insights

3.1   Industry segmentation

3.2   Industry landscape, 2013- 2024

3.3   Industry ecosystem analysis

3.3.1   Technology providers

3.3.2   Manufacturers

3.3.3   Profit margin analysis

3.3.4   Distribution channel analysis

3.3.5   Vendor matrix

3.4   Defence budget, by region

3.4.1   North America

3.4.2   Europe

3.4.3   Asia Pacific

3.4.4   Latin America

3.4.5   MEA

3.5   Number of military aircrafts, by region

3.5.1   North America

3.5.2   Europe

3.5.3   Asia Pacific

3.5.4   Latin America

3.5.5   MEA

3.6   Number of commercial aircrafts, by region

3.7   Number of refueling tankers and technology, by region

3.7.1   North America

3.7.2   Europe

3.7.3   Asia Pacific

3.7.4   Latin America

3.7.5   Middle East & Africa

3.8   Pricing analysis

3.8.1   By region

3.8.1.1   North America

3.8.1.2   Europe

3.8.1.3   Asia Pacific

3.8.1.4   Latin America

3.8.1.5   Middle East & Africa

3.8.2   Cost structure analysis

3.9   Technology landscape

3.9.1   Eectro Optical Grid Reference System (EOGRS)

3.9.2   Automated Aerial Refueling (AAR)

3.10     Regulatory landscape

3.10.1   North America

3.10.1.1    Aerial Refueling Systems Advisory Group (ARSAG)

3.10.2   Europe

3.10.2.1    Advisory Council for Aeronautics Research in Europe (ACARE)

3.10.2.2    Standardization Agreement (STANAG)

3.10.3   Asia Pacific

3.10.3.1    Society of Automotive Engineers (SAE)

3.10.4   LATAM

3.10.4.1    Latin America Civil Aviation Commission (LACAC)

3.10.5   MEA

3.10.5.1    South African Civil Aviation Technical Standards (SA-CATS)

3.11     Industry impact forces

3.11.1   Growth drivers

3.11.1.1    Increasing adoption of multi role tanker transport aircraft

3.11.1.2    Rising defense budgets

3.11.1.3    Growing aviation industry

3.11.2   Industry pitfalls & challenges

3.11.2.1    Complex operating mechanism

3.12     Growth potential analysis

3.13     Porter’s analysis

3.14     Competitive landscape, 2016

3.14.1   Top players overview, 2016

3.14.2   Strategy dashboard

3.15     PESTLE analysis

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It is rather claimed that U.S. Navy’s fleet carrier force has no equivalent across the globe, the fundamental aspect that has aided aerial refueling system market progression in the country. Increasing prevalence of a multitude of variants of these systems such as C-160 NG, KC-130, and KC-135 along with substantial aircraft deliveries is likely to significantly contribute toward the regional industry growth.  In fact, with U.S. the helm, North America aerial refueling system industry is forecast to procure nearly 50% of the global share by 2024. The country is also home for a host of renowned companies operating in aerial refueling system market including the likes of Boeing and Lockheed Martin. It has been observed that these giants have been heavily inclining toward strategic alliance with regional air force department to gain a visibility and competitive edge. This is quite coherent from the increased aerial refueling system industry share from military aircraft application, which is slated to surpass USD 2.4 million by 2024.

In this regard, couple of years back, Boeing won a contract to develop a new tanker, under which U.S Air Force department planned to buy 179 KC-46s. Reportedly, as a part of the contract worth of USD 44.5 billion, Boeing was responsible for costs beyond U.S. Navy’s commitment USD 4.82 billion.  For the records, as of yesteryear, the renowned defense contractor had taken on nearly USD 2.9 billion in pretax costs. Despite the significant lingering problems that KC-46 program contract has been dealing with over the past years, it is expected to get resolved by this year, as the aerial refueling system market giant is now obligated to deliver 18 of the new tankers to the Air Force Department by October 2018. The regional business space is likely to observe similar kind of joint venture approaches from private and government entities.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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