Tanker Aircraft Market Growth and Opportunities Reports For 2021 to 2025

Global “Tanker Aircraft Market” 2021 Research report produces information with reference to market size, share, trends, growth, cost structure, capacity, revenue, and forecast 2025. This report also contains the general and comprehensive study of the Tanker Aircraft market with all its aspects influencing the growth of the market. This report is a full-scale quantitative survey of the Tanker Aircraft industry and provides data for building strategies to expand the market growth and effectiveness.

The Tanker Aircraft Market is projected to grow with a CAGR of more than 2% during the forecast period.

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Key Market Trends

Innovations in Aerial Refueling Aircraft

New variants of tanker aircraft are being developed by the companies. One of the areas of investment is the development of unmanned tanker aircraft. Boeing is currently developing the MQ-25 tanker drone. The company was awarded a contract of worth USD 805 million to design, develop, test, and deliver four MQ-25 drones in August 2018 that can provide refueling services for the Boeing F/A-18 Super Hornet, Lockheed Martin F-35 Lightning II, and EA-18G Growler aircraft. The company was awarded a six-year development contract and plans the initial operational capability of the aircraft by 2024. The US DoD plans to acquire about 72 aircraft with an investment of USD 13 billion in the coming years. In September 2019, the company successfully completed the first flight of the aircraft. Such investments of the armed forces into the development of advanced tanker aircraft in partnership with the aircraft OEMs is anticipated to propel the growth of tanker aircraft market in the future.

North America Held the Highest Market Share in 2019

North America is currently dominating the market and is expected to continue its dominance during the forecast period. This is mainly due to the current plan of the US Air Force to replace approximately 30% of its aging fleet of KC-135 aerial refueling tankers. Currently, there are about 396 KC-135 aircraft in service. Under this plan, in 2011, the Department of Defense (DOD) awarded the Boeing Company, a contract of worth about USD 35 billion to build and deliver 179 new KC-46A aerial refueling tankers. These aircraft are expected to be delivered during the period of 2019  2028. As of early March 2020, about 31 KC-46As have been delivered to the US Air Force. Further to capture the growing opportunities of aerial refueling in the US defense industry, Lockheed Martin Corporation and Airbus signed a Memorandum of Agreement in December 2018. Such robust procurement plans of the US armed forces are anticipated to propel the growth of the market during the forecast period.

Global Tanker Aircraft Market Segmented by Regions:
North America (United States, Canada, Mexico)
Europe (Germany, UK, France, Italy, Spain, Russia)
Asia-Pacific (China, Japan, South Korea, Australia, India)
South America (Brazil, Argentina, Columbia)
The Middle East and Africa (UAE, Egypt, South Africa)

This report focuses on Tanker Aircraft volume and value at the global level, regional level, and company level. From a global perspective, this report represents the overall Tanker Aircraft market size by analyzing historical data and prospect. The report gives a clear understanding of the current market situation which includes region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end-user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.

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Important Features that are under offering and key highlights of the report:
– Detailed overview of the Tanker Aircraft market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Tanker Aircraft market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Tanker Aircraft market performance
– Must-have information for market players to sustain and enhance their market footprint

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Tanker Aircraft Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Tanker Aircraft industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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