Aerial Refueling Systems Market Worth US$ 600.6 million in 2023

Stratview Research announces the launch of a new research report on Aerial Refueling Systems Market. This 230-page extensive report from Stratview Research, studies the Aerial Refueling Systems Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on 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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This Aerial Refueling Systems Market analysis has been segmented in five ways, keeping in mind the interest of all the stakeholders across the value chain.
● by Aircraft Type (Combat Aircraft, Helicopter, and Others) – Combat aircraft is likely to remain the growth engine of the market.
● by System Type (Hose and Drogue, and Boom and Receptacle) – Hose & Drogue will remain the larger and faster-growing system type segment.
● by Component Type (Refueling Pods, Refueling Probes, and Fabrics) – Boom will remain the dominant component of the market.
● by End -User Type (OE and Aftermarket) – OE will remain the larger and faster-growing segment of the market.
● and by Region (North America, Europe, Asia-Pacific, and RoW) – North America to remain the largest market.

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The Aerial Refueling Systems Market Insights

The 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.

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The aerial refueling systems market is segmented basedg on aircraft type as Combat Aircraft, Helicopter, and UAV. Combat aircraft is likely to remain the growth engine of the 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 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 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 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 aerial refueling systems market is segmented as OE and aftermarket. OE is expected to remain the larger and faster-growing segment of the 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.

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

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This release was published on openPR.