North America Robotic Refueling System Market to 2027 - Regional Analysis and Forecasts by Component (Hardware, Software); Fuel (Gaseous Fuel, Gasoline, Diesel, Others); Industry Vertical (Aerospace and Defense, Automotive, Construction, Oil and Gas, Mining, Others)

Robotic refueling system market in North America is expected to grow from US$ 3.67 Mn in 2018 to US$ 94.73 Mn by the year 2027 with a CAGR of 43.7% from the year 2019 to 2027.

Driving factors such as low cost of operation and flexibility of dispensing different fuels anticipated to have a medium impact on the development of robotic refueling system for the next two years, however, in the next five to ten years, this factor is expected to have high impact on the market owing to the advancement of autonomous vehicle. Robotic refueling system in the short term which is of two years is going to have low impact in the market. However, over the next five years with the advent of autonomous mining activities is expected to have medium impact in the robotic refueling system market and its impact is expected to grow over the next ten years. Security concerns is expected to have medium impact in the robotic refueling systems market growth in the short term. However, by mid and high term, its impact is expected to decrease allowing the robotic refueling system market to grow more independently. The ultimate goal of a cyber-security attack on robotic fueling systems can relate to Cloning of identity, Theft-of-Service, Spoofing, and Feature unlocking. There can be attack against privacy (the goal of these attacks will be gaining knowledge of sensitive information manipulated, stored or communicated by a robotic fueling system); attacks against integrity (these attacks will try to change data or code within a robotic fueling system); attacks against availability (these attacks disrupt the normal operation of the system). Thus, security attacks are the major restraint of robotic refueling system market.

Robotic refueling system market by industry vertical is classified into aerospace and defense, automotive, construction, oil and gas, mining, and others. Aerospace and defense is the largest industry vertical of robotic refueling system market owing to various numbers of pilot projects in the U.S. and other countries across the globe. Wrong fueling of aircraft has resulted in major accidents in the past all occurred due to human negligence. To reduce such kind of accidents, robotic refueling system projects have been put into place to negate the error of wrong fueling. The automotive industry is the second largest industry vertical for robotic refueling system. The general notion of a robotic refueling system is to provide augmented service through robotics and therefore increasing sales and market shares. Refueling automation will disrupt the idea of refueling forever. It’s cleaner faster and more environmentally friendly.

The US dominated the robotic refueling system market in 2018 and is expected to dominate the market with the highest share in the North America region through the forecast period. The US is an economically advanced country and therefore hosts a continuous improvement in various technologies and infrastructure. As per the America First Energy Plan, the government of the country would be embracing gas and shale oil revolution to bring prosperity and jobs to the majority of Americans. On the other hand, in July 2017, the US Army Aviation and Missile Research, Development and Engineering Center revealed AR3P (Autonomous and Robotic Remote Refueling Point) project. Under this, the US Army is performing tests on robotic refueling stations for the helicopters which can refuel helicopters avoiding soldier’s intervention. Besides, developments in robotic refueling system in the US, mining industry of the country is booming driven by improving infrastructure, frac sand mining industry, and less dependence on imports of the materials for mining among others. The figure given below highlights the revenue share of the Mexico in the robotic refueling system market in the forecast period:

Mexico Robotic Refueling System Market Revenue and Forecasts to 2027 (US$ Mn)

NORTH AMERICA ROBOTIC REFUELING SYSTEM MARKET SEGMENTATION

By Fuel

• Gaseous Fuel
• Gasoline
• Diesel
• Others

By Component

• Hardware
• Software

By Industry Vertical

• Aerospace and Defense
• Automotive
• Construction
• Oil and Gas
• Mining
• Others

By Country

• US
• Canada
• Mexico

Robotic Refueling System Market - Companies Mentioned

• ABB Ltd.
• Fanuc Corporation
• Fuelmatics AB
• Gazprom Neft PJSC
• Kuka AG
• Neste
• Rotec Engineering
• Scott Technology Limited
• Shaw Development LLC
• Yaskawa Electric Corporation

The List of Companies

1. ABB Ltd.
2. Fanuc Corporation
3. Fuelmatics AB
4. Gazprom Neft PJSC
5. Kuka AG
6. Neste
7. Rotec Engineering
8. Scott Technology Limited
9. Shaw Development LLC
10. Yaskawa Electric Corporation

• Save and reduce time carrying out entrylevel research by identifying the growth, size, leading players and segments in the North America robotic refueling system market.

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the North America robotic refueling system market, thereby allowing players across the value chain to develop effective longterm strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize indepth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decisionmaking process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.