Press release
Aircraft Refueling Hose Market 2019 - Technological Innovations and Future Opportunities to 2025
Aircraft Refueling Hose Market
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 industry in the years to come.
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Multiple defense organizations are demanding advanced refueling services, thus industry participants are investing in R&D to develop the new technologies. For instance, in March 2017, Australian Air Force signed a research agreement with Airbus to develop automatic refueling capability. The products are retrofitted to existing jets with certain hardware changes and software upgrades, thereby providing a positive outlook for aircraft refueling hose market expansion.
OEM is anticipated to hold dominance in the industry owing to development of new generation aircrafts. The industry participants are continuously investing in new technologies to introduce lightweight and durable hose assemblies. Additionally, investments in development of advanced materials to reduce the weight of refueling products along with improving safety will support the aircraft refueling hose industry growth.
North America aircraft refueling hose market accounted for considerable share over the forecast timeframe. This growth can be credited to the increasing investments in defense and military sector. For instance, according to a report of National Priorities Project in 2015, U.S. allocated 54% of its annual budget for military and defense sector amounting around USD 598 billion. In addition, development of new refueling tanker system will support market growth. For instance, in February 2016, KC-46 Boeing tanker successfully carried out refueling of F/A-18 during its flight.
Helicopters are gaining traction in aircraft refueling hose market owing to increasing use of helicopter in-flight refueling (HIFR) systems. In the past decade, the worldwide fleet of civil helicopters has grown by 37.38% to reach 30,895 aircraft, claims the General Aviation Manufacturers Association (GAMA). Increased helicopter usage in O&G industry for getting to offshore oil rigs and conducting rescue operations in remote locations will drive aircraft fueling hose industry size from helicopters.
Browse key industry insights spread across 300 pages with 438 market data tables & 14 figures & charts from the report, “Aircraft Refueling Hose Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/aircraft-refueling-hose-market
The prominent manufacturers in aircraft refueling hose market include Eaton, Perkar Hannifin, Elaflex, Cobham Plc Husky Corporation, and Apache. Industry players are adopting merger and acquisition as key strategy to enhance their market presence. For instance, in February 2015, Parker Hannifin Corporation acquired Markwel Hose Products Pvt. Ltd to enhance its presence in Asia Pacific.
Major Key Points from Table of Content:
Chapter 4 Aircraft Refueling Hose Market, By Application
4.1 Market share by application, 2018 & 2025
4.2 Military Aircraft
4.2.1 Market estimates and forecast from military aircraft, 2013 - 2025, (Thousand Units) (USD Million)
4.2.2 Market estimates & forecast from military aircraft, by region, 2013-2025 (Thousand Units) (USD Million)
4.3 Helicopter
4.3.1 Market estimates and forecast from helicopter, 2013 - 2025, (Thousand Units) (USD Million)
4.3.2 Market estimates & forecast from helicopter, by region, 2013-2025 (Thousand Units) (USD Million)
4.4 Commercial Aircraft
4.4.1 Market estimates and forecast from commercial aircraft, 2013 - 2025, (Thousand Units) (USD Million)
4.4.2 Market estimates & forecast from commercial aircraft, by region, 2013-2025 (Thousand Units) (USD Million)
4.5 UAV
4.5.1 Market estimates and forecast from UAV, 2013 - 2025, (Thousand Units) (USD Million)
4.5.2 Market estimates & forecast from UAV, by region, 2013-2025 (Thousand Units) (USD Million)
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/aircraft-refueling-hose-market
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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