Aerial refueling systems market from probe and drogue is likely to showcase dominance with over 70% volume share by 2024. It offers better and passive tanker operations than the flying boom system. Moreover, it does not experience the requirement of precisely directing the drogue, unlike the counterpart. Provision of high fuel transferring rate in comparison with flying boom system will further propel the industry growth till 2024. —
Military aircrafts are likely to capture highest revenue share, accounting for over USD 2 million over the next eight years owing to high requirement in these aircrafts. Rising defense budget across the globe will further strengthen the product penetration. Aerial refueling systems market from helicopters will grow rapidly till 2024 owing to extensive usage of these systems. It is attributed to their low fuel carrying capacities along with rising production across the globe.
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Refueling pods will capture highest revenue share in the aerial refueling systems market owing to their prominence in the entire system. The component is responsible for regulating the transfer rate of the fuel. Drogues will exhibit over 3.5% CAGR till 2024 due to high implementation of probe and drogue system around the world. Compatibility with helicopters has resulted in their extensive usage, further fueling the market from drogues.
OEMs are anticipated to exhibit maximum volume share in the aerial refueling systems market by the end of 2024. High revenue generation is attributed to rising production of aircrafts across the globe and their prior installation in the aircrafts. Aftermarket will grow rapidly, exhibiting more than 4.5% CAGR owing to increasing replacement needs of the crucial components including drogues and hoses, particularly in the ageing aircrafts.
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North America aerial refueling systems market is likely to hold a major share, crossing 50% of the revenue share till 2024. Presence of established manufacturers along with prevalence of multiple alternates of these systems including KC-130, KC-135, etc. will primarily support the regional dominance. Increasing defense budget of U.S. will further contribute significantly towards the high revenue generation. Asia Pacific will showcase rapid growth owing to rising aircraft deliveries across the region, especially in the countries including Australia, China, and Japan, strengthening the product penetration.
Eaton Corporation, Boeing, Zodiac Aerospace, Marshal Aerospace and Defense Group, GE Aviation System, Dassault Aviation, and Lockheed Martin are among the prominent aerial refueling systems market participants. Other noticeable competitors include Northstar Engineering Corporation, The Liebherr Group, Omega Aerial Refueling Services, and Smiths. Industry players are involved in contracts and agreements to strengthen their position.
Browse key industry insights spread across 350 pages with 690 market data tables & 10 figures & charts from the report, “Aerial Refueling Systems Market Size By Application (Military Aircraft, Helicopters, Commercial Aircraft, UAV), By Component (Refueling Pods, Refueling Probes, Drogues, Hoses, Boom), By System (Probe and Drogue, Flying Boom), By Distribution Channel (OEM, Aftermarket) Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Poland, Netherlands, Sweden, Norway, China, Japan, India, Thailand, Australia, Vietnam, Malaysia, Indonesia, Singapore, Korea, Pakistan, Brazil, Chile, Colombia, Saudi Arabia, Turkey, UAE, Israel, Iran, Algeria), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
Table of Contents (ToC) of the report:
Chapter 4 Aerial Refueling Systems Market, By Application
4.1 Global market share by application, 2016 & 2024
4.2 Military aircraft
4.2.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Thousand)
4.2.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Thousand)
4.3.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Thousand)
4.3.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Thousand)
4.4 Commercial aircraft
4.4.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Thousand)
4.4.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Thousand)
4.5.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Thousand)
4.5.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Thousand)
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/aerial-refueling-systems-market
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