DUBLIN–(BUSINESS WIRE)–The “Global Air-to-Air Refueling Market (2021-2026) by Component, System, Aircraft Type, Type, End-User and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Air-to-Air Refueling Market is estimated to be USD 2.9 Bn in 2021 and is expected to reach USD 3.63 Bn by 2026, growing at a CAGR of 4.6%.
Aerial refueling is mainly defined as the process of sending aviation fuel from one aircraft to another when both are in their flight modes. Flying boom and progue-and-drogue are two main methodologies that are used to carry out the aerial refueling processes. The former process is substantially faster than the other but needs a specific type of boom operator station setup.
Factors like increasing demand for air-to-air refueling systems to support overseas deployments, increased defense expenditure of countries, development of advanced aerial tankers and increase in combat aircraft procurement are some of the drivers for the market.
Whereas possible refueling of only one aircraft at a time through boom mechanism and refueling aircraft in rough weather or bad visibility are major restraints for the market.
The autonomous refueling methodology of aircraft mid-air is an opportunity for the growth of the market. Though, high installation and maintenance cost act as a challenge for the market.
- Increasing Demand for Air-To-Air Refueling Systems to Support Overseas Deployments
- Increased Defence Expenditure of Countries
- Development of Advanced Aerial Tankers
- Increase in Combat Aircraft Procurement
- Possible Refueling of only One Aircraft at a Time Through Boom Mechanism
- Refueling Aircraft in Rough Weather or Bad Visibility
- Autonomous Refueling
- High Installation and Maintenance Cost
- The Global Air-to-Air Refueling Market is segmented further based on Component, System, Aircraft Type, Type, End-User and Geography.
- By Component, the market is classified into Pumps, Valves, Nozzles, Boom, Hoses, Probes, Fuel Tanks and Pods segments. Amongst all segments, the Fuel Tank segment is expected to grow at the highest CAGR.
- By System, the market is classified into Probe & Drogue, Boom Refueling and Autonomous segments. Amongst all, the Boom Refueling segment is expected to contribute the highest growth.
- By Aircraft Type, the market is classified into Fixed Wing and Rotatory Wing segments. Amongst all, the Fixed Wing segment is expected to contribute the highest growth.
- By Type, the market is classified into Manned and Unmanned segments. Amongst all, the Manned segment is expected to contribute the highest growth.
- By End User, the market is classified into OEM and Aftermarket segments. Amongst them, the Aftermarket segment is expected to contribute the highest growth.
- By Geography, North America is projected to lead the market.
- Eaton completes the sale of its Hydraulics Business to Danfoss A/S, a Danish Industrial Company for USD 3.3 Billion – Aug 2, 2021
- The U.S. Navy and Boeing have demonstrated air-to-air refueling using an unmanned aircraft – the Boeing-owned MQ-25T to refuel another aircraft – June 7, 2021
- Cobham Mission Systems announced that it has been awarded a prime contract from Korea Aerospace Industries Ltd. (KAI) to deliver an air refueling probe solution for its FA-50 advanced jet aircraft – Dec 2, 2020
Some of the companies covered in this report are
- Cobham PLC
- Eaton Corporation PLC
- Airbus SE
- GE Aviation
- Parker Hannifin Corporation
- Safran S.A.
- Marshall Aerospace and Defence Group
- Israel Aerospace Industries
- BAE Systems Inc.
- United Technologies Corporation
- Draken International Inc.
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Rafaut Group
- Elbit Systems Ltd.
- Moog Inc.
- Protankgrup Sdn Bhd
- Esco Technologies Inc.
- Wittenstein SE
For more information about this report visit https://www.researchandmarkets.com/r/468irl
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