Aerial Refueling Systems Market Trend Evaluation with covid-19 impact

Aerial Refueling Systems Market Trend Evaluation with covid-19 impact

February 18, 2021

This new report from Stratview Research analyses the Aerial Refueling Systems Market over the trend period from 2013 to 2018 and forecast period from 2019 to 2024. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Aerial Refueling Systems Market Overview:

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Aerial Refueling Systems Market is no different. Derived from the previous market scenario, the Aerial Refueling Systems Market is likely to reach an estimated value of US$ 671.9 million in 2024 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.

The following are the key features of the report:

  • Strategic segmentation
  • Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Detailed Competitive Rivalry landscaping
  • Market trend and forecast analysis
  • Future Growth Boulevards  

Get access to a deeper coverage of the impact of COVID-19 on this Market here:

Aerial Refueling Systems Market Share Analysis

Aerial Refueling Systems Market Share by Aircraft Type

The market is segmented based on the aircraft type as Combat Aircraft, Helicopter, and UAV. 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, and large aging combat aircraft fleet size and a greater need of 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.

Aerial Refueling Systems Market Share by System Type

Based on the system type, the market is segmented as Hose & Drogue and Boom & Receptacle. Hose & Drogue is expected to remain the larger and faster-growing system type in the market during the forecast period of 2019 to 2024, driven by low cost and ease in refueling. All the major tanker aircraft are increasingly opting for hose and drogue system. KC-46 tanker aircraft of Boeing, the most talked tanker aircraft, are equipped with a permanent centerline drogue system and removable wing air refueling pods.

Click below to run through the detailed ToC of the report:

Regional Insights

In terms of region, 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 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. 

Asia-Pacific is expected to experience the highest growth during the same period. Increasing defense budget of the 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.

Key Players

The supply chain of this market comprises raw material suppliers, component manufacturers, aerial refueling system suppliers, aircraft manufacturers, and end users. The key aerial refueling system manufacturers are Cobham Plc., Eaton Corporation, Safran S.A. (Zodiac Aerospace), GE Aviation Systems, and Marshall Aerospace and 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.

Click here for other high value market reports from Stratview Research in the Aerospace & Defence Industry:

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. 

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Author : Emily


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