Aug 12, 2019   SOURCE: BusinessWire

Air-to-Air Refueling Market, 2025 by System (Probe & Drogue, Boom Refueling, Autonomous), Component (Pumps, Valves, Nozzles, Hoses, Boom, Probes, Fuel Tanks, Pods), Aircraft Type (Fixed & Rotary) - ResearchAndMarkets.com

The "Air-to-Air Refueling Market by System (Probe & Drogue, Boom Refueling, Autonomous), Component (Pumps, Valves, Nozzles, Hoses, Boom, Probes, Fuel Tanks, Pods), Aircraft Type (Fixed & Rotary), Type (Manned, Unmanned), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Air-To-Air Refueling Market Size is Expected to Grow from USD 537 Million in 2019 to USD 692 Million By 2025, at a CAGR of 4.3%

Need for air-to-air refueling to support overseas deployments is expected to drive market growth

There has been an increase of sorties flown for long distances away from carriers or ground bases, which has made refueling a necessary mission element. Air-to-air refueling is one of the trends that are certain to continue in the coming future as there is a need to support overseas deployment.

Boom refueling system is projected to lead the market during the forecast period

Most of the tanker aircraft use boom refueling systems. This system comprises a rigid tube which helps an operator in the tanker aircraft to extend and insert it into the aircraft being refueled. The boom refueling system method was developed early during the Cold War in 2000 for the bomber aircraft which needed refueling.

Fighter aircraft in the fixed-wing segment is projected to lead the air-to-air refueling market during the forecast period Based on aircraft type, the fighter aircraft is projected to be the leading fixed-wing segment during the forecast period. A fighter aircraft is designed primarily for air-to-air combat. The main purpose of a fighter aircraft is to establish air superiority over a battlefield. The rising need to gain airborne dominance across the globe is expected to drive the fighter aircraft segment during the forecast period.

The Asia Pacific air-to-air refueling market is projected to grow at the highest CAGR during the forecast period

The air-to-air refueling market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. The military aviation industry in this region is focusing on the localization of aircraft manufacture and on providing alternatives to existing aircraft models. Aircraft, such as Comac military transport aircraft, fighter jets, and Sukhoi Su-35, Sukhoi T-50, in the military transport aircraft segment have the potential to drive demand for air-to-air refueling in the near future.

Market Dynamics

Drivers

  • Increasing Need for Air-to-Air Refueling to Support Overseas Deployments
  • Increasing Defense Expenditure of Countries
  • Development of Next-Generation Aerial Tankers
  • Increase in the Procurement of Combat Aircraft

Opportunities

  • Autonomous Refueling

Challenges

  • High Installation Cost

Companies Mentioned

  • Airbus
  • BAE Systems
  • Cobham PLC
  • Draken International
  • Eaton Corporation
  • GE Aviation
  • Israel Aerospace Industries
  • Lockheed Martin Corporation
  • Marshall Aerospace and Defence Group
  • Parker Hannifin Corporation
  • Rafaut Group
  • Safran
  • United Technologies Corporation (Collins Aerospace)

For more information about this report visit https://www.researchandmarkets.com/r/77wj4k