Aerial Refueling Systems Market share research by applications and regions for 2017-2024

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Aerial Refueling Systems Market Price, Trends,
Industry Outlook Forecast 2017-2024
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Key Insights from Aerial Refueling Systems Market

• Aerial Refueling Systems Market size is
  anticipated to grow at a significant rate from
  2017 to 2024. Rising demand for tanker aircrafts
  due to high expenditure on defense, especially in
  emerging economies will drive the industry over
  the next eight years. Developed economies may
  witness replacement of old fleet, accelerating
  the production of these systems.
• Aircraft refueling procedure totally depends on
  the hose operator and receiver aircraft pilot and
  is possible only in stable weather conditions.
  Complicated procedure, especially in harsh
  weather conditions may pose a threat to the
  industry participants over the forecast
  timeframe.
• Manufacturers focus on conducting extensive RD
  activities to overcome the challenge of refueling
  procedure for rough conditions by designing a
  smart drogue system. This system will be
  connected to the existing hose and equipped with
  sensors that will continuously monitor the basket
  movement. This drogue acts as an active buffer
  and results in its movement reduction
  considerably.

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Continued...

• Navy corps and air force helicopters majorly use
  drogue and hose refueling. Various industry
  players are indulged in contracts and agreements
  with air force to gain competitive edge and
  enhance their visibility. For instance, in 2011,
  U.S. air force signed a contract with Boeing for
  acquisition of 179 KC-46A tankers for
  recapitalizing their ageing fleet and to prepare
  for the war fighter needs.
• Aerial refueling systems market is segmented
  based on aircraft into helicopters, combat
  aircrafts, and UAVs. Combat aircraft is
  anticipated to dominate the industry over the
  forecast timeframe owing to its rising demand
  from military defense. High fleet size requires
  multiple refueling tankers, thereby supporting
  the industry dominance.

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Major Companies in Aerial Refueling Systems
Market

• Eaton Corporation
• Cobham Plc.
• GE Aviation systems
• Zodiac Aerospace
• Marshal Aerospace Defense Group
• Boeing Company
• Airbus
• Lockheed Martin Corporation

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Regional Insights in Aerial Refueling Systems
Market

• North America aerial refueling systems market is
  anticipated to generate maximum revenue over the
  forecast timespan owing to high defense
  expenditure in developed countries such as U.S.
  U.S. owns almost 80 of international tanker
  aircrafts operating across the globe. Large
  tanker aircraft fleet is another factor
  positively impacting the regional growth.
  Replacement of old fleet with advanced KC-46
  tanker in future will further support the
  regions dominance till 2024.
• Asia Pacific will witness a significant growth
  rate owing to rising investments in defense
  sector by governments of various countries
  including China, Japan, South Korea, and India.
  For instance, in 2017, Chinas defense budget was
  over USD 152 billion. Similarly, Indias defense
  budget allotment for 2017 was approximately USD
  55 billion. Good order size for tanker aircrafts
  across the regional will contribute to the
  industry growth till 2024.

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