Air-to-Air Refueling Market - Trends Forecast Till 2028

Air-to-Air Refueling Market, by system (Probe & Drogue, Boom Refueling, Autonomous), Component (Pumps, Valves, Hoses, Boom, Probes, Fuel Tanks, Pods), Aircraft Type (Fixed, Rotary), Type (Manned, Unmanned), End User and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-AD-AARM-437

Format:  

Number of Pages: 284

Domain: Aerospace & Defense

Air-to-Air Refueling Market – Trends Forecast Till 2028

The global Air-to-Air Refueling market size is projected to reach USD 860 million by 2026 at a CAGR of 11.6% from USD 508 million in 2021 during the forecast period 2021-2028.

Air-to-Air Refueling better known as aerial refueling is a process that involves the transfer of aviation fuel from one aircraft to another aircraft. Usually, the aircraft involved are military aircrafts. This process allows the aircrafts to extend its flight time. The aircraft supplying the fuel is special designed for the purpose.

With the surge in the expenditure countries make on defence along with the development of advanced arial tanks and the increased combat aircraft procurement are some of the factors that have supported long-term expansion for Air-to-Air Refueling Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. With lockdown and other imposed restriction, the market has been affected negatively. The aftermarkets anyhow sustained their demand and supply chain.

Air-to-Air Refueling Market Report

North America is expected to be the largest market during the forecast period. With the increased expenditure made on defence along with the steady growth of military aviation sector and the presence of key players in the region is the reason for its market dominance.

Air-to-Air Refueling Market is segmented into component, system, aircraft type, type, end user and geography.

On the basis of Component

  • Pumps
  • Valves
  • Nozzles
  • Hoses
  • Boom
  • Probes
  • Fuel tanks
  • Pods
  • Others

On the basis of End-User

  • OEM
  • Aftermarket

On the basis of Type

  • Manned
  • Unmanned

On the basis of Aircraft Type

  • Fixed Wing
  • Rotary Wing

On the basis of System

  • Probe & Drogue
  • Boom Refueling
  • Autonomous

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Air-to-Air Refueling Market Primary Respondent

 

Key Players

  • Cobham plc
  • Eaton Corporation
  • Airbus
  • Boeing
  • GE Aviation

Recent Developments

  • In February 2021, Eaton Corporation acquired Cobham Mission Systems, which is a subsidiary of Cobham plc. Under the terms of the signed agreement, Eaton is liable to pay USD 2.83 billion for CMS, inclusive of USD 130 million in tax benefits.
  • In December 2020, Boeing and the US Navy have for the first time tested a flight of the MQ-25 T1 test asset with an aerial refueling store (ARS), it is seen as a significant milestone in the development of the unmanned aerial refueling tanker.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Air-to-Air Refueling market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 508 million

Growth Rate

CAGR of 11.6% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

component, system, aircraft type, type, end user and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Cobham plc, Eaton Corporation, Airbus, Boeing, and GE Aviation

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