Aerial Refueling System Market Research Report 2018: Core Competence Analysis 2024- Key Players- Cobham, GE Aviation, Boeing, Lockheed Martin, Dassault Aviation, Eaton Corporation, Zodiac Aerospace

Demand for special purpose military jets has witnessed a considerable rise over the past years. Moreover, emergence of multi-role aircraft tankers and their extensive usage owing to the benefits such as less fuel consumption will escalate the revenue generation. However, high incidences of accidents during refueling procedures may pose a challenge before the market participants. Downside of boom mechanism such as high requirement of reducing the pressure while filling the combat aircraft will restrain the industry growth over the next eight years.

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Aerial refueling systems market players are continuously focusing on R&D activities to overcome the challenges of complicated refueling procedures during extreme weather conditions. Emergence of smart drogue system has gained prominence among the industry participants. It is featured with sensors and connected to existing hose that continuously regulates the basket movements. It acts as an active buffer and leads to a considerable reduction in its movement. It results in uninterrupted refueling even in harsh situations such as intense turbulence and rough air.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
 Cobham PLC
 GE Aviation System
 Boeing
 Lockheed Martin Corporation
 Dassault Aviation
 Eaton Corporation
 Zodiac Aerospace
 Marshal Aerospace & Defense Group

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Drogues are likely to grow substantially, witnessing over 3% CAGR from 2017 to 2024. Manufacturers are extensively using probe and drogue system for aircraft refueling owing to its advantages. This has resulted in their high production, positively impacting the market. Moreover, high usage in helicopters will further escalate the revenue generation over the next eight years.

Regional Outlook:

Asia Pacific market size is likely to grow rapidly, witnessing nearly 2% CAGR from 2017 to 2024. High product demand from countries including Japan, China, and Australia will essentially drive the industry growth. These countries are increasingly acquiring refueling tankers owing to high aircraft production, further inducing immense potential to the industry size over the coming years.

North America aerial refueling system market is expected to capture the highest revenue share, crossing 50% over the forecast timeframe. Substantial aircraft deliveries coupled with presence of multiple variants of refueling tankers such as KC-130, KC-135, C-160 NG, etc, especially in U.S. will primarily contribute to the revenue generation. Moreover, presence of established industry participants such as Lockheed Martin and Boeing will further support the regional dominance. Rising defense budget of the U.S. is another factor positively impacting the regional growth.

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Cobham PLC, GE Aviation System, Boeing, Lockheed Martin Corporation, Dassault Aviation, Eaton Corporation, Zodiac Aerospace, and Marshal Aerospace & Defense Group are among the noticeable participants in the aerial refueling system market. The industry is likely to witness immense competition owing to adoption of aggressive strategies including mergers & acquisitions, agreements, and new product development by the competitors to gain high visibility.

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