What's Driving the Aircraft Refueling Hose Market Growth? | A Apache Corporation, Cobham, Eaton, FTI Consulting, Husky Corporation, IVG Colbachini SpA, JGB Enterprises, Inc, Parker Hannifin

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.

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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 market in the years to come.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Apache Corporation
2. Cobham
3. Eaton
4. FTI Consulting
5. Husky Corporation
6. IVG Colbachini SpA
7. JGB Enterprises, Inc
8. Parker Hannifin

North America aircraft refueling hose market will generate substantial proceeds by 2025 on account of rising demand for military aircrafts along with a considerable increase in defense budget. In a bid to attain improved system performance and efficiency, eminent industry players are developing lightweight and technologically advanced refueling hoses., North America aircraft fueling hose industry will depict a CAGR of 3% over 2019-2025.

In recent times, new highly advanced aerial refueling tankers are being deployed to conduct refueling operations in air, further contributing toward enhancing operational efficiency and reducing flight downtime. For instance, in 2019, the U.S. Air Force started accepting the first few production copies of Boeing's military aerial refueling aircraft, KC-46. Official reports claim that the Air Force will accept 19 additional KC-46s by the end of August 2019 that would help drive the regional aircraft refueling hose market share.

The U.S. Navy plans to finalize its MQ-25 drone program by 2019 with an aim to craft drones that could fly off an aircraft carrier and refuel other aircraft mid-flight. Proliferating trends pertaining to drone development and deployment will propel North America aircraft refueling hose market.

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 market from helicopters.

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The global market is driven by rapid deployment of commercial and military aircraft fleets in the aviation sector. Increasing number of air passengers and rising defense budget will augment business growth. Aircraft refueling hose market to reach USD 2.5 billion by 2025.

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