Air-to-Air Refueling Market worth $692 million by 2025

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According to the latest market research
report the Air-to-Air Refueling Market
is projected to grow from USD 537 million in
2019 to USD 692 million by 2025, at a CAGR of
4.3 during the forecast period. Increasing
defense expenditure of countries is a major
factor driving the growth of the air-to-air
refueling market. The rise in defense spending
and continuing technology advancements are
expected to lead to the development of various
high- tech weapons and tankers in the near
future, which is expected to offer lucrative
growth opportunities to defense players operating
in the aircraft, naval ship, artillery, armored
vehicles, weapons, and systems and sub-systems
manufacturing processes. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id233525223 Based on system, the probe
drogue segment is projected to grow at the
highest CAGR in air-to-air refueling market
during the forecast period The probe drogue
segment has witnessed strong growth over the past
few years. Probe drogue are the main systems
that are used to carry out air-to-air refueling.
These systems typically consist of a refueling
hose, a hose end coupling, and a drogue. Some of
the modern tanker aircraft have equipment
specially designed to offload fuel to the
receiver aircraft, based on drogue probe, even
at higher speeds. Based on component, the fuel
tanks segment is projected to lead the air-to-air
refueling market during the forecast period The
fuel tank system increases the safety of the fuel
system in an aircraft. This system is placed in
the fuel tank of the aircraft. The fuel tank
system stores non- flammable gases, such as
nitrogen. The fuel tank operates during flight
when bleed air is supplied. This system does not
operate when the aircraft is on the ground,
except during maintenance operations. North
America is projected to lead the air-to-air
refueling market during the forecast
period North America is projected to be the
largest market for air-to-air refueling during
the forecast period. The military aviation
sector in North America is growing steadily.
This has consequently created a significant
demand for air-to-air refueling from the defense
sector. The presence of major players, OEMs, and
component manufacturers are some of the factors
expected to boost the growth of the air-to-air
refueling market in North America.
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In addition, the major drivers are increasing
military aircraft upgrades, research
development of advanced military aircraft
platforms, and the presence of major system and
component manufacturers, which is expected to
lead to a surge in demand for air-to-air
refueling in North America during the forecast
period. Key Market Players Major vendors in the
air-to-air refueling market include Cobham (UK),
Eaton Corporation (US), Airbus (Netherlands),
Parker Hannifin Corporation (US), Marshall
Aerospace and Defence Group (UK), GE Aviation
(US), Safran (France) and Draken International
(US) among others. Cobham focuses on securing
contracts to strengthen its position in the
market. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id233525223
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