Aerial Refueling Systems Market is Forecasted to Reach US$ 0.8 billion in 2034, Says Stratview Research

The global aerial refueling systems market is projected to witness a growth rate of 2.2% annually from 2024 to 2034, with an anticipated size of US$ 0.8 billion by 2034, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aerial refueling systems market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2034: US$ 0.8 billion
Growth (CAGR): 2.2% during 2024-2034
Forecast Period: 2024-2034
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aerial Refueling Systems Market:
The global aerial refueling systems market is segmented based on aircraft type, system type, component type, end-user type, and region.

Based on aircraft type - The market is segmented based on the aircraft type as combat aircraft, helicopters, and UAVs. Increasing demand for combat aircraft, owing to rising tensions, and large aging combat aircraft fleet size, and a greater need for multiple tanker aircraft for refueling are the major factors that are proliferating the demand for refueling systems in the segment. The increasing frequency of long-range missions, multinational joint exercises, and the need for force projection in contested regions have made in-flight refueling a strategic necessity for air forces worldwide. The UAV segment is likely to witness the second-highest growth during the forecast period, driven by the increasing production of long-range UAVs.

Based on the system type - the market is segmented into hose & drogue and boom & receptacle. Hose & Drogue are expected to remain the larger and faster-growing system type in the market during the forecast period of 2025 to 2034, driven by low cost and ease in refueling. All the major tanker aircraft are increasingly opting for the hose & drogue system. KC-46 tanker aircraft of Boeing, the most talked-about tanker aircraft, are equipped with a permanent centerline drogue system and removable wing air refueling pods.

To know the most attractive segments, visit:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest region, whereas Asia-Pacific is projected to experience the fastest-growing region over the next nine years. This growth outlook is majorly attributed to the following-
- The USA is likely to remain the growth engine of the North American market, propelled by a high defense budget, large tanker aircraft fleet (KC-135), and expected replacement of the old aircraft fleet with new KC-46 tanker aircraft in the coming years.
- North America is home to key defense contractors such as Boeing, Lockheed Martin, and Northrop Grumman, which are deeply involved in the development and modernization of aerial refueling platforms.
- Asia-Pacific is projected to witness the highest growth in the aerial refueling systems market, driven by rising defense budgets in countries like China, India, Japan, and South Korea.
- The region is seeing increased procurement of advanced combat aircraft and tanker fleets to enhance operational range and readiness.
- Geopolitical tensions, along with territorial disputes, are prompting military modernization. Indigenous development efforts and strategic partnerships with global allies are also boosting the integration of advanced refueling technologies, making Asia-Pacific a key driver of market growth.

Aerial Refueling Systems Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing demand for tanker aircraft, owing to rising defense budgets in the developing economies and expected replacement of the old tanker aircraft fleet of KC-135 in the USA, the emergence of multirole aircraft tankers, increasing demand for long-run military jets for special-purpose missions, and rising tanker fleet size are the major growth drivers for the aerial refueling systems market.

Top Companies in the Aerial Refueling Systems Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Eaton Corporation
• Safran S.A.
• GE Aerospace
• Northstar Engineering Group
• Marshall

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aerial Refueling Systems Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.