Aerial Refueling Systems Market to Reach $672 Million in 2024, Says Stratview Research

DETROIT, April 22, 2019 /PRNewswire/ -- Stratview Research  announces the launch of a new market research report on  Aerial Refueling Systems Market by Aircraft Type (Combat Aircraft, Helicopter, and UAV), by System Type (Probe and Drogue, and Boom and Receptacle), by Component Type (Refueling Pods, Refueling Probes, Drogues, Hoses, Boom, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.  

This market report, from Stratview Research, studies the aerial refueling systems market over the trend period 2013 to 2018 and forecast period of 2019 to 2024. The research report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Aerial Refueling Systems Market: Highlights

As per Stratview Research, the global aerial refueling systems market offers a healthy growth opportunity in the entire ecosystem and is likely to reach an estimated value of US$ 671.9 million in 2024. Increasing demand for tanker aircraft, owing to rising defense budgets in the developing economies and expected replacement of old tanker aircraft fleet of KC-135 in the USA; 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.

The USA, the largest market for the defense industry, has a large aging tanker fleet which needs replacement with the latest tanker aircraft. The country's current plan is to purchase 179 Boeing's KC-46 tanker aircraft by 2027 and will eventually replace 470 KC-135 tanker aircraft with KC-46. In Sep. 2018, the US Air Force gave a contract of about US$ 2.9 billion to Boeing for 18 additional KC-46 Pegasus tanker aircraft, making the total order of 52 aircraft. Later in Jan. 2019, Boeing successfully delivered its first KC-46A aircraft to the US Air Force.

Click Here and Browse Through the TOC of the Report

The research's findings suggest that combat aircraft is likely to remain the growth engine of the market during the forecast period. Increasing demand for combat aircraft owing to rising tensions, 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 UAV segment is likely to witness the highest growth during the forecast period, driven by increasing production of long-range UAVs. 

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

In terms of component type, boom is projected to remain the dominant component market over the next five years, whereas hose is likely to be the fastest-growing component type during the same period, driven by both OE and aftermarket.

Register Here and Ask for a Free Sample of the Report

As per the study, North America is expected to remain the largest aerial refueling systems market during the forecast period. The USA is likely to remain the growth engine of the North American aerial refueling systems market, propelled by high defense budget, large tanker aircraft fleet (KC-135), and expected replacement of old aircraft fleet with new KC-46 tanker aircraft in the coming years. However, Asia-Pacific is expected to experience the highest growth during the same period. Increasing defense budget of major Asian markets, such as China, India, Japan, and South Korea; and good order size of tanker aircraft are likely to drive the demand for aerial refueling systems in the region.

Major aerial refueling system manufacturers globally are Cobham Plc., Eaton Corporation, Safran S.A. (Zodiac Aerospace), GE Aviation, and Marshall Aerospace & Defense Group. Developing high-performance aerial refueling systems and components and building long-term relations with the customers are the key strategies adopted by the major players to gain a competitive edge in the market. 

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

This report has segmented the aerial refueling systems market in five ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the five ways in which the market is segmented:

Aerial Refueling Systems Market, by Aircraft Type

• Combat Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerial Refueling Systems Market, by System Type

• Hose and Drogue (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Boom and Receptacle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerial Refueling Systems Market, by Component Type

• Refueling Pods (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Refueling Probes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Drogues (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Hoses (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Boom (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerial Refueling Systems Market, by End-User Type

• OE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aerial Refueling Systems Market, by Region

• North America (Country Analysis: The USA, and Rest of North America)
• Europe (Country Analysis: Germany, France, The UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Latin America, The Middle East, and Others) 

Stratview Research has number of high value market reports in the global aerospace & defense industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Aerospace & Defense Industry

Some of our other premium related reports in the aerospace & defense industry:
Aerospace Hose and Tube Assemblies Market by Platform Type (Commercial Aircraft, Military Aircraft, Regional Aircraft, General Aviation, Helicopter, and Others), by Product Type (Hoses and Tubes), by Hose Type (PTFE Hoses, Rubber Hoses, and Others), by Tube Type (Stainless Steel Tubes, Inconel Tubes, Titanium Tubes, and Others), by Pressure Type (Low- & Medium-Pressure, and High-Pressure), by Application Type (Fuel System, Hydraulic System, Instrumentation, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of The World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024.
Aircraft Fuel Systems Market by Aircraft Type (Commercial Aircraft, Military Aircraft, and UAV), by Engine Type (Jet Engine, Turboprop Engine, Helicopter Engine, and UAV Engine), by Component Type (Piping, Inerting Systems, Fuel Pumps, Fuel Valves, Fuel Gauging and Management System, Fuel Filters, Fuel Tanks, and Others), by Technology Type (Fuel Injection Technology, Pump Feed Technology, and Gravity Feed Technology), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.

About Stratview Research

Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. 

For enquiries,
Contact:
Stratview Research
E-mail: [email protected]
Phone: +1-313-307-4176

Logo: https://mma.prnewswire.com/media/660595/Stratview_Research_Logo.jpg