The global aerial refueling systems market is projected to reach an estimated value of $576.4 million in 2022.
This market report, from Stratview Research, studies the aerial refueling systems market over the period 2011 to 2022
Stratview Research announces the launch of a new market research report on Global Aerial Refueling Systems Market by Aircraft Type (Combat Aircraft, Helicopter, and UAV), by System Type (Hose & Drogue and Boom & Receptacle), by Component Type (Refueling Pods, Refueling Probes, Drogues, Hoses, Boom, and Others), by End-User Type (OE and Aftermarket), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2017-2022.
Aerial Refueling Systems Market in the Global Aerospace Industry: Highlights
As per Stratview Research, the global aerial refueling systems market offers sustainable growth opportunity of 3.7% CAGR during the forecast period of 2017 to 2022 and reach an estimated $576.4 million in 2022. The author of the report stated that increasing demand for tanker aircraft, owing to rising defense budgets in the developing economies and expected replacement of old tanker aircraft fleet of KC-135 in the USA; emergence of multirole aircraft tankers; increasing demand for long-run military jets for special purpose missions; and rising tanker fleet size are the major growth drivers of the global aerial refueling systems market.
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The research’s findings suggest that combat aircraft is likely to remain the growth engine of the aerial refueling systems market during the forecast period of 2017 to 2022. UAV segment is likely to witness the highest growth during the forecast period, driven by increasing production of long-range UAVs.
Based on system type, Hose & Drogue is expected to remain the largest and fastest-growing system type in the aerial refueling systems market during the forecast period of 2017 to 2022, driven by its low cost and ease in refueling. The USA is likely to remain the growth engine of the North American aerial refueling systems market, propelled by high defense budget, large tanker aircraft fleet (KC-135), and expected replacement of old aircraft fleet with new KC-46 tanker aircraft in the coming years.
Major aerial refueling system manufacturers globally are Cobham Plc., Eaton Corporation, Zodiac Aerospace, GE Aviation, and Marshall Aerospace and Defense Group. Developing high-performance aerial refueling systems and components and building long-term relations with the customers are the key strategies adopted by the major players to gain a competitive edge in the market.
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Ritesh Gandecha
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Stratview Research
Ritesh Gandecha
Tel: +1-313-307-4176
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results