Aerial Refueling Systems Market is Forecasted to Reach US$ 0.8 Billion in 2034, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global aerial refueling systems market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2024: US$ 0.6 billion

Market Size in 2034: US$ 0.8 billion

Growth (CAGR): 2.2% during 2024-2034

Cumulative Sales Opportunity 2024 to 2034: US$ 7.93 billion

Leading Aircraft Type: Combat Aircraft

Leading System Type: Hose & Drogue

Leading Component Type: Refueling Pods

Leading End-User Type: OE

Leading Region: North America

Forecast Period: 2024-2034

Trend Period: 2019-2023

Base Year: 2024

Number of Segments Covered: 5

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aerial Refueling Systems Market:

The global aerial refueling systems market is segmented based on aircraft type, system type, component type, end-user type, and region.

Based on aircraft type –

·        The market is segmented based on the aircraft type as combat aircraft, helicopters, and UAVs. 

·        The combat aircraft segment accounted for the largest market share and is also expected to experience the fastest growth over the next nine years. Increasing demand for combat aircraft, owing to rising tensions, and 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 increasing frequency of long-range missions, multinational joint exercises, and the need for force projection in contested regions have made in-flight refueling a strategic necessity for air forces worldwide. The UAV segment is likely to witness the second-highest growth during the forecast period, driven by the increasing production of long-range UAVs.

Based on system type –

·        The market is segmented into hose & drogue and boom & receptacle. 

·        Hose & Drogue are expected to remain the larger and faster-growing system type in the market during the forecast period of 2025 to 2034, driven by low cost and ease in refueling.

·        All the major tanker aircraft are increasingly opting for the hose & drogue system. KC-46 tanker aircraft of Boeing, the most talked-about tanker aircraft, are equipped with a permanent centerline drogue system and removable wing air refueling pods.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to remain the largest region. This growth outlook is mainly attributed to the following:

-      The USA is likely to remain the growth engine of the North American market, propelled by a high defense budget, large tanker aircraft fleet (KC-135), and expected replacement of the old aircraft fleet with new KC-46 tanker aircraft in the coming years.

-      North America is home to key defense contractors such as Boeing, Lockheed Martin, and Northrop Grumman, which are deeply involved in the development and modernization of aerial refueling platforms.

Likewise, Asia-Pacific is projected to witness the highest growth in the aerial refueling systems market, driven by rising defense budgets in countries like China, India, Japan, and South Korea. The region is seeing increased procurement of advanced combat aircraft and tanker fleets to enhance operational range and readiness. Geopolitical tensions, along with territorial disputes, are prompting military modernization. Indigenous development efforts and strategic partnerships with global allies are also boosting the integration of advanced refueling technologies, making Asia-Pacific a key driver of market growth.

Aerial Refueling Systems Market Drivers:

Some of the key drivers listed in the report are given below.

-      Increasing demand for tanker aircraft, owing to rising defense budgets in the developing economies and expected replacement of the old tanker aircraft fleet of KC-135 in the USA, the emergence of multirole aircraft tankers.

-      Increasing demand for long-run military jets for special-purpose missions.

-      Rising tanker fleet size.

-      A growing focus on autonomous refueling systems is also shaping the market.

Competitive Landscape: Top 10 Companies in the Aerial Refueling Systems Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

-         Eaton Corporation

-        Safran S.A.

-        GE Aerospace

-        Northstar Engineering Group

-        Marshall.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the aerial refueling systems market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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