Aerial Refueling System Market Revenue, Opportunity, Segment and Key Trends with Player Boeing, Eaton, Zodiac Aerospace, GE Aviation, Liebherr Group, Dassault Aviation, Cobham

Aerial refueling system market will find its largest consumer in the military sector. Extending the strike range of combat aircrafts is the chief reason for the Air Force to use aerial refueling systems. Long range strike weapons used by adversaries can make it difficult for the Air Force to base and launch fighter jets within proximal striking distance. This factor has found increased relevance in places like the Pacific, a region that has become infamous for its geographical expanse and can cause much hindrance to a tactical attack.

In fact, with U.S. the helm, North America aerial refueling system industry is forecast to procure nearly 50% of the global share by 2024. The country is also home for a host of renowned companies operating in aerial refueling system market including the likes of Boeing and Lockheed Martin. It has been observed that these giants have been heavily inclining toward strategic alliance with regional air force department to gain a visibility and competitive edge.

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The drive to achieve greater mission range has been acting as one of the major encouraging factors for aerial refueling system market in recent years. The U.S. military in particular, has been looking forward to the inclusion of tankers like KC-46A to their ranks of refueling tankers as this would mean the extension of strike range for fighter jets like F-15, F-22 and F-35. The growth of the aerial refueling system industry is thus of great tactical significance in the modern threat environment on account of which most nations are increasing their defense budgets.

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. ProtankGr?p (Protank Mission Systems Sdn.Bhd)
11. Smiths
12. Dassault Aviation
13. Marshall of Cambridge (Holdings) Ltd.

In this regard, couple of years back, Boeing won a contract to develop a new tanker, under which U.S Air Force department planned to buy 179 KC-46s. Reportedly, as a part of the contract worth of USD 44.5 billion, Boeing was responsible for costs beyond U.S. Navy's commitment USD 4.82 billion. For the records, as of yesteryear, the renowned defense contractor had taken on nearly USD 2.9 billion in pretax costs. Despite the significant lingering problems that KC-46 program contract has been dealing with over the past years, it is expected to get resolved by this year, as the aerial refueling system market giant is now obligated to deliver 18 of the new tankers to the Air Force Department by October 2018.

Boeing recently achieved a feat in aerial refueling system market when a refueling test between two KC-46 Pegasus aerial tankers was carried out. One of the KC-46 transferred 14,600 pounds of jet fuel to the other at a record rate of 1,200 gallon per minute. Boeing further plans to build 179 such aircrafts that will carry passengers and patients and are designed to withstand chemical, nuclear, radiological and biological warfare. The company's efforts are a vivid indicator that aerial refueling systems industry is here to stay. Aided by a plethora of research and development programs and innovative product launches, global aerial refueling system market is expected to gain significant traction over 2017-2024.

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