The global aerial refueling systems market share anticipates reaching the highest CAGR during the forecast period. In the aerial refueling process, fuel is transferred from one aircraft to another aircraft while being airborne. The process involves the transfer of fuel from a tanker aircraft to a receiver military aircraft. Fortune Business Insights™ has presented this information in an upcoming report titled, “Aerial Refueling Systems Market Size, Share & COVID-19 Impact Analysis, By System (Probe & Drogue, Flying Boom, and Autonomous), By Application (Commercial Aircraft, Helicopters, Military Aircraft, and Unmanned Aerial Vehicles), By Components (Pods, Refueling Probes, Hoses, Boom and Drogues), and Regional Forecast, 2021-2028”.

As per the report, the aerial refueling systems or ARS market is gaining massive popularity due to several reasons. For instance, continuous replacement of obsolete aircraft with modern technology-equipped military aircraft is rising. This practice is expected to drive the demand and, perhaps, the growth for ARS.

 

COVID-19 Impact-

The world is facing unprecedented challenges due to the havoc unleashed by the global health crisis. Standard operating procedures and protocols have turned irrelevant as the economies are dynamically trying to adjust with the pandemic. Reduced workforce available due to lockdowns, social distancing norms, etc., are reducing the production levels and shrinking the revenues across several markets and industries. However, players across the globe are continuously trying to wade through the pandemic, and the markets and industries are gradually gaining traction. Though the vaccines are available to the masses, it is still unclear how long the situation may persist this way. Nonetheless, our research report’s in-depth analysis will help you gain valuable insights into this niche market.

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Fortune Business Insights profiles some of the prominent companies operating in the aerial refueling systems market. They are as follows:

  • Cobham Limited (U.K.)
  • Boeing (The U.S.)
  • Lockheed Martin Corportation (The U.S.)
  • Dassault Aviation (France)
  • Eaton (Ireland)
  • Northstar (The U.S.)
  • Masrshall Aerospace and Defense Group (The U.K.)
  • GE Avaition (The U.S.)
  • Protankgrup (Malaysia)

 

Our Sample Report Includes:

  • 2021 Updated Report Introduction, Overview, and In-depth industry analysis
  • COVID-19 Pandemic Outbreak Impact Analysis Included
  • Provide Chapter-wise guidance on Request
  • 2020 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
  • Includes Updated List of table & figures
  • Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
  • Facts and Factors research methodology

(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)

 

What Does the Report Offer?

  • Deep research into the upcoming market opportunities;
  • Granular evaluation of the market drivers, trends, and restraints;
  • Microscopic analysis of all individual market segments; and
  • Thorough examination of the regional developments and competitive dynamics of the market.

 

Segmentation-

By System

  • Probe & Drogue
  • Flying Boom
  • Autonomous.

By Application

  • Commercial Aircraft
  • Helicopters
  • Military Aircraft
  • Unmanned Aerial Vehicles (UAV)

By Components

  • Pods
  • Refueling Probes
  • Hoses
  • Boom
  • Drogues

By Geography

  • North America (By System; Application; Components, and Country)
    • The U.S. (By System)
    • Canada (By System)
  • Europe (By System; Application; Components, and Country)
    • The U.K. (By System)
    • Germany (By System)
    • France (By System)
    • Russia (By System)
    • Rest of Europe (By System)
  • Asia-Pacific (By System; Application; Component, and Country)
    • China (By System)
    • India (By System)
    • Japan (By System)
    • Australia (By System)
    • Rest of Asia-Pacific (By System)
  • Rest of the World (By System; Application; Components, and Sub-Region)
    • The Middle East & Africa (By System)
    • Latin America (By System )

On the basis of its application, the ARS market segments into commercial aircraft, helicopters, military aircraft, and unmanned aerial vehicles (UAV). On the basis of its system, the market divides into probe and drogue, autonomous, and boom refueling. On the basis of its components, the market segments into boom, drogues, hoses, refueling probes, and refueling pods. On the basis of distribution channel, the market is divided into aftermarket and OEM. Geographically, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

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https://www.fortunebusinessinsights.com/enquiry/queries/aerial-refueling-systems-market-105152

 

Fortune Business Insights™ helps you identify track and stay ahead of your competition through our competitor research studies, our services include:

  • SWOT Analysis
  • Competitor Monitoring
  • Observational Research
  • Competitor Intelligence
  • Competitors Profiling

 

Report Coverage-

The ARS report follows top-down and bottom-up approaches for an infallible forecast of the market. The report contains information on the competitive landscape of the prospected market. The report also incorporates Porters’ Five Forces Analysis for a precise prediction. The report also contains information gathered through interviews with reputed stakeholders at regional, country, and global levels. The report highlights information on recent industry developments, including the information on key trends, new product launches, expansions, and acquisitions, etc., in the ARS market.

 

Drivers & Restraints-

Increasing Defense Expenditure by Numerous Countries to Augment Market Growth

Developing countries are continuously engaged in strengthening their military power. Several nations like India, China, and Pakistan, are making considerable investments in order to establish a strong military dominance. Increasing terrorist attacks and counter operations are generating growth opportunities for the ARS market. The development of autonomous refueling systems and bud pod technology are also showcasing growth opportunities. The rising demand for tanker aircraft is also expected to augment the aerial refueling systems market size. For instance, the U.S. Air Force signed a contract in September 2019 with Boeing to replace its senescent fleet of Boeing KC-135s with 179 new KC-46As Pegasus aerial refueling tankers by the year 2027. The contract is worth USD 2.6 billion.

However, the installation of ARS involves high costs. This is likely to act as a restraint to market growth.

 

Regional Insights-

North America to Bestride the Market

North America is expected to hold the lion’s share in the ARS market in the forecast period. Powered by a high defense budget, a strongly growing aviation industry, North America is expected to lead the market growth. Furthermore, key players like Lockheed Martin Corporation, Northstar, Boeing, and GE are expected to be a major growth propellent in the region.

Europe is expected to witness significant growth due to rising defense expenditure by developed countries like Russia, Germany, France, etc. Also, key players like Dassault Aviation, Cobham Limited, Eaton, etc., are expected to augment aerial refueling systems market growth.

Asia Pacific is expected to demonstrate remarkable growth due to the expanding aviation sector and swelling expenditure on R&D activities in the defense sector from developing economies like India and China.

The Rest of the World is expected to demonstrate moderate growth on account of rising defense expenditure from countries situated in the Middle East.

 

Competitive Landscape-

Expansion of Aviation Sector and Technological Advancements to Foster Market

The ARS market is highly competitive, with only a few players present across the globe. These players are benefiting from the rising defense expenditure by nations and the technological advancements in the industry. For instance, the U.S Air Force introduced its new Boeing KC-46A Pegasus tanker capable of carrying 2,10,000 pounds of fuel. The tanker is capable of transferring approximately 1,200 gallons per minute.

 

Industry Developments-

September 2020: U.S. Navy reached a milestone by expanding the reach of carrier strike groups through aerial refueling for the E-2D Advanced Hawkeye Fleet.

April 2020: U.S Air Force and Boeing signed a deal for KC-46 aircraft that can refuel autonomously.

 

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By Emelia Murison

Emelia Murison is a freelance writer and editor with a passion for innovation and technology. She covers breaking industry news, #SpaceForGood, and product reviews for the group. She also provides copywriting services to startups around the world – one of which introduced her to the world of Aerospace.

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