Aircraft Refueling Hose Market 2019 Overview, Trends, Insights and Forecast Report | Key players are Perkar Hannifin, Eaton, Elaflex, Husky Corporation, Cobham Plc and Apache

Fueled by the surge in aircraft production, military jets, helicopters and fuel tankers, the global aircraft refueling hose market has attained substantial momentum in recent years. The product, constructed with highest precision and quality whilst keeping in mind the critical nature of its application, can have a direct impact on fuel quantity and operational safety. Moreover, its ability to easily conduct refueling operations on both land and in air has considerably enhanced the product’s significance in the past decades during which industry contenders have retained focus on the technological advancement of the system.

Escalating air passenger traffic owing to expanding tourism industry and affordable air tariff will indirectly foster the usage of refuellers in commercial air carriers, boosting aircraft refueling hose market share. According to the International Civil Aviation Organization (ICAO), in 2018, a total of 4.3 billion passengers were reported to travel via air transport on scheduled services while over half of the world’s 1.4 billion tourists were recorded to travel by air across overseas borders in 2017. Irrefutably, the upsurge in air travel will impel the growth map of aircraft refueling hose market in the years to come.

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Rising demand for military aircrafts along with a substantial increase in defense spending has contributed to the growth of the aircraft refueling hose market. Evidentially, to attain enhanced system performance and efficiency, eminent industry players are constantly focusing on developing lightweight and technologically advanced refueling hoses. Moreover, to conduct refueling operations in air, highly advanced new aerial refueling tankers and hoses are being deployed, further contributing toward improving operational efficiency and reducing flight downtime.

For instance, according to official reports, the new KC-46A aerial refueling tanker is reported to be delivered in the U.S. Air Force in the later part of 2019. The tanker is anticipated to come with probe and drogue refueling technologies to enhance the ability to refuel aircrafts in air, further extending the strike range of attack aircraft such as an F-15, F-22 or F-35. The influx of such tankers in the industry is certain to push the global aircraft refueling hose market trends in the future.

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Aircraft refueling hose market will also register significant returns due to the surging demand for long range helicopters across diverse applications including tourism, military, and personal travel. The increasing deployment of helicopters for performing search and rescue operations in disaster-struck locations is expected to augment the growth of the aircraft refueling hose market.

Moreover, the growing use of helicopters in oil & gas and mining sectors to transport personnel is also likely propel aircraft refueling hose industry growth. Another factor that would be responsible for enhancing the commercialization portfolio of aircraft refueling hose industry is the increase in the production of helicopters across developing nations.

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Aircraft refueling hose market will also receive commendable traction owing to increased installation of OEM refuellers in commercial and defense aircrafts. Reportedly, industry players in the sector are constantly developing lightweight fueling hoses to offer easy handling capabilities for reel services whilst meeting stringent regulations.

On March 11, 2019, President Donald J. Trump proposed the FY 2020 Budget, requesting $750 billion for national security, of which $718.3 billion will be allocated for the U.S. Department of Defense (DoD). Investments such as these are expected to boost aircraft refueling hose market in the U.S. and have broader effect on the global share of the industry as well.

Related Report: Aircraft Soft Goods Market in Asia Pacific Region is Expected to Witness Significant Gain By 2024 https://www.marketwatch.com/press-release/aircraft-soft-goods-market-in-asia-pacific-region-is-expected-to-witness-significant-gain-by-2024-2019-06-07

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