Air-to-Air Refueling Market by System Type (Boom & Receptacle and Probe & Drogue), Component (Refueling Pods, Boom, Probes, Drogues, Hoses, and Others), Application (Tanker Aircraft, Combat Aircraft, Helicopters, and UAVs): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026966 | Pages: 100 | Industry: Aerospace and Defense | Date: Oct 2022 | Type: Global

The market is expected to cross US$ 437.51 million in 2022 and is projected to hit US$ 665.06 billion by 2030, recording a CAGR of 5.4% during the forecast period.

Rising Fleet of Refueling Aircraft to Drive the Air-to-Air Refueling Market Growth.

The growing orders of refueling aircraft models is catalysing the deployment of aerial refueling systems worldwide and thereby contributing to the growth of air-to-air refueling market globally. For instance, in September 2022, the US Air Force awarded a contract worth US$ 3.1 billion to Boeing for the procurement of 19 KC-46A Pegasus tankers wherein 15 tanker aircraft worth of US$ 2.2 billion are expected to be produced by the end of 2025 which is likely to generate new market opportunities for air-to-air refueling market vendors during the forecast period.

Combat aircraft segment is likely to exhibit highest CAGR in the air-to-air refueling market during the forecast period. This is mainly due to the growing combat aircraft deliveries worldwide propelled by rising military expenditure for the procurement of combat aircraft that have inbuilt receptacle or probes for its aerial refueling operations. This is likely to drive the air-to-air refueling market during the forecast period.

Within the report, the air-to-air refueling market is segmented into system type, component, application, and geography. By system type, the air-to-air refueling market is segmented into boom & receptacle and probe & drogue. Based on component, the air-to-air refueling market is segmented into refueling pods, boom, probes, drogues, hoses, and others. Based on application, the air-to-air refueling market is segmented into tanker aircraft, combat aircraft, helicopters, and UAVs. Geographically, the air-to-air refueling market is sub-segmented into North America, Europe, Asia Pacific, and Rest of World.

Installation of Refueling Probes on Helicopters is Likely to Provide Future Opportunities for Air-to-Air Refueling Market Vendors During the Forecast Period.  

The rising military helicopter production worldwide is another major factor likely to provide future opportunities for market vendors during the forecast period. The military helicopters comprise of installed refueling probes that provides them capability of aerial refueling with probe & drogue systems through any UAV or tanker aircraft that has probe & drogue systems installed. This is expected to provide future opportunities for air-to-air refueling market vendors during the forecast period.

Demand for Autonomous Refueling is Likely to Drive the Air-to-Air Refueling Market Growth.

The growing demand for autonomous refueling is generating new adoptions of unmanned aerial vehicles among the military forces which is another major factor driving the air-to-air refueling market across the world. Several armed forces in collaboration with refueling drone manufacturers are focusing on the development of refueling UAVs for convenient aerial refueling during military operations. Such developments are also likely to provide future opportunities for air-to-air refueling market vendors during the forecast period as well.

Recent Strategic Developments in Air-to-Air Refueling Market

The air-to-air refueling market has undergone several significant developments, and a few of these have been mentioned below:

  • In May 2022, Lockheed Martin Corporation and Airbus announced that they will be manufacturing aerial refueling boom systems for LMXT strategic tanker aircraft in the US Arkansas.
  • In June 2021, the US Navy in collaboration with Boeing conducted first successful aerial refueling test with an unmanned tanker aircraft MQ-25 Stingray.

The air-to-air refueling market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Cobham Limited, Eaton, Safran, General Electric, Marshall Aerospace and Defense Group, Lockheed Martin Corporation, Boeing, Israel Aerospace Industries, Parker Hannifin Corp, and Northstar are among the prominent air-to-air refueling players operating in the air-to-air refueling market.

Target audience for the report:

  • Refueling boom manufacturers
  • Refueling probe manufacturers
  • Refueling tank/pod manufacturers
  • Refueling receptacle manufacturers
  • Refueling drogue manufacturers
  • Refueling system valves manufacturers
  • Military and government related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the air-to-air refueling market has been segmented on the basis of:

  • System Type:
    • Boom & Receptacle
    • Probe & Drogue
  • Component
    • Refueling Pods
    • Boom
    • Probes
    • Drogues
    • Hoses
    • Others
  • Application
    • Tanker Aircraft
    • Combat Aircraft
    • Helicopters
    • UAVs
  • Region
    • North America
      • US
      • Canada
      • Mexico
    • Europe
    • Asia Pacific (APAC)
    • Rest of World
  • Companies profiled
    • Cobham Limited
    • Eaton
    • Safran
    • General Electric
    • Marshall Aerospace and Defense Group

The List of Companies
- Cobham Limited
- Eaton
- Safran
- General Electric
- Marshall Aerospace and Defense Group

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