Aerial Refueling Systems Market to Reach US$ 600.6 million in 2023

Aerial Refueling Systems Market by Aircraft Type (Combat Aircraft, Helicopter, and UAV), by System Type (Probe and Drogue, and Boom and Receptacle), by Component Type (Refueling Pods, Refueling Probes, Drogues, Hoses, Boom, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023
This report, from Stratview Research, studies the global aerial refueling systems market over the forecast period 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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The Global Aerial Refueling Systems Market: Highlights

The global aerial refueling systems market offers a healthy growth opportunity in the entire ecosystem and is likely to reach an estimated value of US$ 600.6 million in 2023. Increasing demand for tanker aircraft, owing to rising defense budgets in the developing economies and expected replacement of old tanker aircraft fleet of KC-135 in the USA; emergence of multirole aircraft tankers; increasing demand for long-run military jets for special purpose missions; and rising tanker fleet size are the major growth drivers for the aerial refueling systems market.

The global aerial refueling systems market is segmented based on aircraft type as Combat Aircraft, Helicopter, and UAV. Combat aircraft is likely to remain the growth engine of the global aerial refueling systems market during the forecast period of 2018 to 2023. Increasing demand for combat aircraft, owing to rising tensions and high combat aircraft fleet size need multiple tanker aircraft for refueling. The trend is driving the demand for refueling tanker aircraft for the combat aircraft. The UAV segment is likely to witness the highest growth during the forecast period, driven by increasing production of long-range UAVs.

Based on the system type, the global aerial refueling systems market is segmented as Hose & Drogue and Boom & Receptacle. Hose & Drogue is expected to remain the larger and faster-growing system type in the global aerial refueling systems market during the forecast period of 2018 to 2023, driven by its low cost and ease in refueling.

Based on the component type, the aerial refueling systems market is segmented as Refueling Pods, Refueling Probes, Drogues, Hoses, Boom, and Others. Boom is projected to remain the dominant component of the global aerial refueling systems market over the next five years, whereas hose is likely to be the fastest-growing component type during the same period, driven by both OE and aftermarket.

Based on the end-user type, the global aerial refueling systems market is segmented as OE and aftermarket. OE is expected to remain the larger and faster-growing segment of the global aerial refueling systems market during the forecast period, driven by increasing demand for new tanker aircraft.

Based on the regions, North America is expected to remain the largest aerial refueling systems market during the forecast period. The USA is likely to remain the growth engine of the North American aerial refueling systems market, propelled by high defense budget, large tanker aircraft fleet (KC-135), and expected replacement of old aircraft fleet with new KC-46 tanker aircraft in the coming years.

Asia-Pacific is expected to experience the highest growth during the same period. Increasing defense budget of the major Asian markets, such as China, India, Japan, and South Korea; and good order size of tanker aircraft are likely to drive the demand for aerial refueling systems in the region.
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The supply chain of this market comprises raw material suppliers, component manufacturers, aerial refueling system suppliers, aircraft manufacturers, and end users. The key aerial refueling system manufacturers are Cobham Plc., Eaton Corporation, Zodiac Aerospace, GE Aviation Systems, and Marshall Aerospace and Defense Group. Developing high-performance aerial refueling systems and components and building long-term relations with the customers are the key strategies adopted by the key players to gain a competitive edge in the market.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

Market structure: Overview, industry life cycle analysis, supply chain analysis
Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
Market trend and forecast analysis
Market segment trend and forecast
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities
Emerging trends
Strategic growth opportunities for the existing and new players
Key success factors
The global aerial refueling systems market is segmented into the following categories.

Aerial Refueling Systems Market, by Aircraft Type

• Combat Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerial Refueling Systems Market, by System Type
• Hose and Drogue (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Boom and Receptacle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerial Refueling Systems Market, by Component Type
• Refueling Pods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Refueling Probes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Drogues (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Hoses (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Boom (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerial Refueling Systems Market, by End-User Type

• OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Aerial Refueling Systems Market, by Region
• North America (Country Analysis: The USA, and Rest of North America)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Latin America, The Middle East, and Others)

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Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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