Aerial Refueling System Market 2018 By Application, Revenue, Regional Analysis To 2024 By Top Companies – (Boeing, Lockheed Martin, Cobham, Zodiac Aerospace, GE Aviation, Liebherr Group, Dassault Aviation)

Aerial Refueling System Market in North America to dominate more than 50% revenue share by the end of 2024. Prevalence of multiple variants of these systems such as KC-135, KC-130 etc. coupled with presence of established manufacturers will primarily contribute to the revenue generation. Rising defense budget of U.S. will further support the regional dominance. Asia Pacific will grow substantially due to rising penetration in countries including China, Japan, and Australia. The high penetration is credited to high aircraft production across the region.

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Aerial Refueling System Market, By Application

• Military aircraft
• Helicopters
• Commercial aircraft
• UAV

Military aircraft will dominate the aerial refueling system market, crossing USD 2 million over the next eight years. It is attributed to high requirement of refueling system in military sector along with increasing defense budgets across the globe. Helicopters are likely to grow significantly from 2017 to 2024 owing to their high usage of these system. This extensive usage is credited to low fuel carrying capacities of helicopters. Continuous growth in their production across the globe will further strengthen the product penetration.

Aerial Refueling System Market, By Component

• Refueling pods
• Refueling probes
• Drogues
• Hoses
• Boom

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Boeing
2. Lockheed Martin
3. Cobham Plc
4. Eaton Corporation
5. Zodiac Aerospace
6. GE Aviation System
7. Northstar Engineering Corporation
8. Omega Aerial Refueling Services, lnc.
9. Liebherr Group
10. ProtankGrüp (Protank Mission Systems Sdn.Bhd)
11. Smiths
12. Dassault Aviation
13. Marshall of Cambridge (Holdings) Ltd.

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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.

Refueling pods will capture highest revenue share in the aerial refueling system market owing to their prominence in the entire system. The component is responsible for regulating the transfer rate of the fuel. Drogues will exhibit over 3.5% CAGR till 2024 due to high implementation of probe and drogue system around the world. Compatibility with helicopters has resulted in their extensive usage, further fueling the aerial refueling system market from drogues.

Aerial refueling system market from OEM will capture the maximum share in the industry over the forecast timeframe owing to prior installation in the aircrafts. Continuously rising aircraft production will further support the industry dominance. Aftermarket will witness 4.7% CAGR till 2024 owing to rising replacement needs of system components such as hoses, drogues, etc., especially for the ageing fleet.

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GE Aviation System, Boeing, Eaton Corporation, Lockheed Martin, Zodiac Aerospace, Marshal Aerospace and Defense Group, and Dassault Aviation are among the noticeable participants in the aerial refueling system industry. Other prominent players include Omega Aerial Refueling Services, Northstar Engineering Corporation, Smiths, and The Liebherr Group.

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