
Global Air Refueling Market Size, Trends & Growth Opportunity, By Component (Pumps, Valves, Nozzles, Hoses, Boom, Probes, Fuel tanks, Pods, and Others), By System (Probe & Drogue, Boom Refueling, and Autonomous), By Aircraft Type (Fixed Wing, and Rotary W
Description
Global Air Refueling Market Size, Trends & Growth Opportunity, By Component (Pumps, Valves, Nozzles, Hoses, Boom, Probes, Fuel tanks, Pods, and Others), By System (Probe & Drogue, Boom Refueling, and Autonomous), By Aircraft Type (Fixed Wing, and Rotary Wing), By Type, By End User, By Region and Forecast 2022-2027.
Global Air Refueling Market
Global Air Refueling Market was valued at USD 622.3 million in 2021 which expected to reach USD 996.45 million by 2027 at a CAGR 6.02% from 2022-2027.
Air refueling is the process of moving fuel from one military aircraft to another while the aircrafts are in flight. On lengthy flights, air refueling also lowers fuel use. The air refueling systems include boom refueling, probe and drogue, and autonomous, all of which offer quicker fuel transfer. For military aircraft, it is a crucial practice since the extra fuel might let the aircraft stay in the air for an extended period of time. The aircraft's operating range and capability can be greatly improved in this way.
Market Drivers
One major driver that is anticipated to fuel the expansion of the global air refueling market over the forecast period is the rise in the creation of modern, lightweight aircraft. Enhancing tanker aircraft to support different military planes like fighter jets, bombers, and unmanned systems is a priority for key operating parties. Additionally, it is anticipated that the presence of key manufacturers and the rise in military aircraft upgrades will speed up the growth of the global air refueling market.
Additionally, the rise in demand for autonomous refueling systems will favorably impact market expansion. Additionally, the rising purchase of sophisticated fighter jets combined with increased investment in military modernization programmed in various nations is anticipated to drive the expansion of the worldwide air refueling market during the course of the forecast period. For instance, according to data from the Center for Strategic and International Studies, China's defense expenditure increased significantly by about 6.6% in May 2020. (USD 178.2 Billion).
Market Restraints
A significant restraint that is anticipated to impede the expansion of the global air refueling market over the projected period is the high cost of installation and maintenance. All nations are unable to employ air refueling systems because of their high installation costs.
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.
Due to expanding R&D efforts, deployment, and the presence of key companies like GE Aviation, Eaton Corporation, and others, the North American region is one of the top markets for air refueling. These factors together have helped the market grow in the area. Additionally, APAC is anticipated to increase significantly during the projection period. because India, China, Japan, and Australia are investing more money in the military and defense industries.
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 Defense 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
Global Air Refueling Market
Global Air Refueling Market was valued at USD 622.3 million in 2021 which expected to reach USD 996.45 million by 2027 at a CAGR 6.02% from 2022-2027.
Air refueling is the process of moving fuel from one military aircraft to another while the aircrafts are in flight. On lengthy flights, air refueling also lowers fuel use. The air refueling systems include boom refueling, probe and drogue, and autonomous, all of which offer quicker fuel transfer. For military aircraft, it is a crucial practice since the extra fuel might let the aircraft stay in the air for an extended period of time. The aircraft's operating range and capability can be greatly improved in this way.
Market Drivers
One major driver that is anticipated to fuel the expansion of the global air refueling market over the forecast period is the rise in the creation of modern, lightweight aircraft. Enhancing tanker aircraft to support different military planes like fighter jets, bombers, and unmanned systems is a priority for key operating parties. Additionally, it is anticipated that the presence of key manufacturers and the rise in military aircraft upgrades will speed up the growth of the global air refueling market.
Additionally, the rise in demand for autonomous refueling systems will favorably impact market expansion. Additionally, the rising purchase of sophisticated fighter jets combined with increased investment in military modernization programmed in various nations is anticipated to drive the expansion of the worldwide air refueling market during the course of the forecast period. For instance, according to data from the Center for Strategic and International Studies, China's defense expenditure increased significantly by about 6.6% in May 2020. (USD 178.2 Billion).
Market Restraints
A significant restraint that is anticipated to impede the expansion of the global air refueling market over the projected period is the high cost of installation and maintenance. All nations are unable to employ air refueling systems because of their high installation costs.
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.
Due to expanding R&D efforts, deployment, and the presence of key companies like GE Aviation, Eaton Corporation, and others, the North American region is one of the top markets for air refueling. These factors together have helped the market grow in the area. Additionally, APAC is anticipated to increase significantly during the projection period. because India, China, Japan, and Australia are investing more money in the military and defense industries.
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 Defense 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
- Pumps
- Valves
- Nozzles
- Hoses
- Boom
- Probes
- Fuel tanks
- Pods
- Others
- Probe & Drogue
- Boom Refueling
- Autonomous
- Fixed Wing
- Rotary Wing
- Manned
- Unmanned
- OEM
- Aftermarket
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Contents
133 Pages
- 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
- 10 Global 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 (2022 – 2027)
- 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 (2022 – 2027)
- 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 (2022 – 2027)
- 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 (2022 – 2027)
- 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 (2022 – 2027)
- 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
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