Global Air Refueling Market
Global Air Refueling Market was valued at USD 552 million in 2020 which expected to reach at USD 735.16 million by 2030 at a CAGR 4.2% from 2020 to 2030.
Air Refueling is defined as the procedure of transferring fuel from one military aircraft to another during flight. Air refueling also reduces fuel consumption on long-distance flights. The air refueling systems consist of probe and drogue, boom refueling, and autonomous which provides faster fuel transfer. It is highly important procedure for military aircrafts, where the extra fuel received can lead to aircrafts to remain airborne for a longer time. In this way, the range of the aircraft and its functioning capability can significantly increase.
Market Drivers
The increase in development of lightweight and advanced aircraft is a key driving factor which expected to boost the global air refueling market growth over the forecast period. Key operating players are focused on enhancing tanker aircraft to serve various military planes like fighter jets, bombers, and unmanned systems. Furthermore, the increase in military aircraft upgrades and the presence of major manufacturer are expected to accelerate the global air refueling market growth.
Moreover, the increase in demand for autonomous refueling system will positively influence the market growth. In addition, the increase in investment in military modernization programs in various countries with the rising procurement of advanced fighter planes is expected to propel the global air refueling market growth throughout the forecast period. For instance, in May 2020, as per the information provided by Center for strategic and International Studies, China’s defense budget had experienced a substantial growth of around6.6.6% (USD 178.2 Billion).
Market Restraints
High installation and maintenance cost is a major restraining factor which expected to hamper the growth of global air refueling market over the forecast period. The high installation cost of the air refueling systems restricts all countries from adopting air refueling systems.
Market Segmentation
The Global Air Refueling Market is segmented into components such as Pumps, Valves, Nozzles, Hoses, Boom, Probes, Fuel tanks, Pods, and Others. On the basis of system, market is segmented into Probe & Drogue, Boom Refueling, and Autonomous. Based on the aircraft type, market is segmented into Fixed Wing, and Rotary Wing. On the basis of type, market is segmented into Manned, and Unmanned. Further, market is segmented into end user such as OEM, and Aftermarket. The aftermarket segment is estimated to lead the air refueling market over the forecast period. The aftermarket companies provide complete maintenance, repair, and overhaul services. Also, they provide repairing services for over-the-counter products in case hydraulic components such as couplings, pumps, and nozzles are damaged beyond repair.
Regional Analysis
The Global Air Refueling Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America region is one of the leading markets for Air Refueling due to the growing R&D activities, deployment and the presence of key players such as GE Aviation, Eaton Corporation and others would drive the air refueling market growth in the region. Further, APAC is expected to witness remarkable growth throughout the forecast period. Due to the increase in investments in the military & defense sectors from India, China, Japan, and Australia.
Key Players
Some key operating players are listed in the report such as Eaton Corporation, GE Aviation, Airbus S.A.S., Parker Hannifin Corporation, Marshall Aerospace and Defence Group, Israel Aerospace Industries, Draken International, Cobham plc, Boeing, Safran, etc. Key players are focused on enhancing the capabilities of the cost-effective air refueling systems by enabling more aircraft refueling.
Market Taxonomy
By Component
By System
By Aircraft Type
By Type
By End User
By Region
Key Questions Addressed by the Report
Global Air Refueling Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Air Refueling Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Air Refueling Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Air Refueling Market Share Analysis, By Component
5.3 Global Air Refueling Market Size and Forecast, By Component
5.3.1 Pumps
5.3.2 Valves
5.3.3. Nozzles
5.3.4. Hoses
5.3.5. Boom
5.3.6. Probes
5.3.7. Fuel tanks
5.3.8. Pods
5.3.9. Others
6 Global Air Refueling Market, By System
6.1 Y-o-Y Growth Comparison, By System
6.2 Global Air Refueling Market Share Analysis, By System
6.3 Global Air Refueling Market Size and Forecast, By System
6.3.1 Probe & Drogue
6.3.2 Boom Refueling
6.3.3. Autonomous
7 Global Air Refueling Market, By Aircraft Type
7.1 Y-o-Y Growth Comparison, By Aircraft Type
7.2 Global Air Refueling Market Share Analysis, By Aircraft Type
7.3 Global Air Refueling Market Size and Forecast, By Aircraft Type
7.3.1 Fixed Wing
7.3.2 Rotary Wing
8 Global Air Refueling Market, By Type
8.1 Y-o-Y Growth Comparison, By Type
8.2 Global Air Refueling Market Share Analysis, By Type
8.3 Global Air Refueling Market Size and Forecast, By Type
8.3.1 Manned
8.3.2 Unmanned
9 Global Air Refueling Market, By End User
9.1 Y-o-Y Growth Comparison, By End User
9.2 Global Air Refueling Market Share Analysis, By End User
9.3 Global Air Refueling Market Size and Forecast, By End User
9.3.1 OEM
9.3.2 Aftermarket
10Global Air Refueling Market, By Region
10.1 Global Air Refueling Market Share Analysis, By Region
10.2 Global Air Refueling Market Share Analysis, By Region
10.3 Global Air Refueling Market Size and Forecast, By Region
11 North America Air Refueling Analysis and Forecast (2020 – 2030)
11.1 Introduction
11.2 North America Air Refueling Product Market Share Analysis, By Component
11.3 North America Air Refueling Product Market Size and Forecast, By System
11.4 North America Air Refueling Product Market Size and Forecast, By Aircraft Type
11.5 North America Air Refueling Product Market Size and Forecast, By Type
11.6North America Air Refueling Product Market Size and Forecast, By End User
11.7 North America Air Refueling Product Market Size and Forecast, By Country
11.7.1 U.S.
11.7.2 Canada
11.7.3 Mexico
12Europe Air Refueling Market Analysis and Forecast (2020 – 2030)
12.1 Introduction
12.2 Europe Air Refueling Product Market Share Analysis, By Component
12.3 Europe Air Refueling Product Market Size and Forecast, By System
12.4 Europe Air Refueling Product Market Size and Forecast, By Aircraft Type
12.5 Europe Air Refueling Product Market Size and Forecast, By Type
12.6 Europe Air Refueling Product Market Size and Forecast, By End User
12.7 Europe Air Refueling Product Market Size and Forecast, By Country
12.7.1 Germany
12.7.2 France
12.7.3 UK
12.7.4. Rest of Europe
13Asia Pacific Air Refueling Market Analysis and Forecast (2020 – 2030)
13.1 Introduction
13.2 Asia Pacific Air Refueling Product Market Share Analysis, By Component
13.3 Asia Pacific Air Refueling Product Market Size and Forecast, By System
13.4 Asia Pacific Air Refueling Product Market Size and Forecast, By Aircraft Type
13.5 Asia Pacific Air Refueling Product Market Size and Forecast, By Type
13.6 Asia Pacific Air Refueling Product Market Size and Forecast, By End User
13.7 Asia Pacific Air Refueling Product Market Size and Forecast, By Country
13.7.1 China
13.7.2 Japan
13.7.3 India
13.7.4. Rest of Asia Pacific
14Latin America Air Refueling Market Analysis and Forecast (2020 – 2030)
14.1 Introduction
14.2 Latin America Air Refueling Product Market Share Analysis, By Component
14.3 Latin America Air Refueling Product Market Size and Forecast, By System
14.4 Latin America Air Refueling Product Market Size and Forecast, By Aircraft Type
14.5 Latin America Air Refueling Product Market Size and Forecast, By Type
14.6 Latin America Air Refueling Product Market Size and Forecast, By End User
14.7 Latin America Air Refueling Product Market Size and Forecast, By Country
15Middle East Air Refueling Market Analysis and Forecast (2020 – 2030)
15.1 Introduction
15.2 Middle East Air Refueling Product Market Share Analysis, By Component
15.3 Middle East Air Refueling Product Market Size and Forecast, By System
15.4 Middle East Air Refueling Product Market Size and Forecast, By Aircraft Type
15.5 Middle East Air Refueling Product Market Size and Forecast, By Type
15.6 Middle East Air Refueling Product Market Size and Forecast, By End User
15.7 Middle East Air Refueling Product Market Size and Forecast, By Country
16Competitive Analysis
16.1 Competition Dashboard
16.2 Market share Analysis of Top Vendors
16.3 Key Development Strategies
17Company Profiles
17.1 Eaton Corporation
17.1.1 Overview
17.1.2 Offerings
17.1.3 Key Financials
17.1.4 Business Segment & Geographic Overview
17.1.5 Key Market Developments
17.1.6 Key Strategies
17.2 GE Aviation
17.2.1 Overview
17.2.2 Offerings
17.2.3 Key Financials
17.2.4 Business Segment & Geographic Overview
17.2.5 Key Market Developments
17.2.6 Key Strategies
17.3 Airbus S.A.S
17.3.1 Overview
17.3.2 Offerings
17.3.3 Key Financials
17.3.4 Business Segment & Geographic Overview
17.3.5 Key Market Developments
17.3.6 Key Strategies
17.4 Parker Hannifin Corporation
17.4.1 Overview
17.4.2 Offerings
17.4.3 Key Financials
17.4.4 Business Segment & Geographic Overview
17.4.5 Key Market Developments
17.4.6 Key Strategies
17.5 Marshall Aerospace and Defence Group
17.5.1 Overview
17.5.2 Offerings
17.5.3 Key Financials
17.5.4 Business Segment & Geographic Overview
17.5.5 Key Market Developments
17.5.6 Key Strategies
17.6 Israel Aerospace Industries
17.6.1 Overview
17.6.2 Offerings
17.6.3 Key Financials
17.6.4 Business Segment & Geographic Overview
17.6.5 Key Market Developments
17.6.6 Key Strategies
17.7 Draken International
17.7.1 Overview
17.7.2 Offerings
17.7.3 Key Financials
17.7.4 Business Segment & Geographic Overview
17.7.5 Key Market Developments
17.7.6 Key Strategies
17.8 Cobham plc
17.8.1 Overview
17.8.2 Offerings
17.8.3 Key Financials
17.8.4 Business Segment & Geographic Overview
17.8.5 Key Market Developments
17.8.6 Key Strategies
17.9 Boeing
17.9.1 Overview
17.9.2 Offerings
17.9.3 Key Financials
17.9.4 Business Segment & Geographic Overview
17.9.5 Key Market Developments
17.9.6 Key Strategies
17.10 Safran
17.10.1 Overview
17.10.2 Offerings
17.10.3 Key Financials
17.10.4 Business Segment & Geographic Overview
17.10.5 Key Market Developments
17.10.6 Key Strategies
