Air-to-Air Refueling Market

Introduction of the Air-to-Air Refueling Market Report

Aerial refueling is mainly referred to as the process of providing aviation fuel from one aircraft to another during their flight modes. The aircraft that transfers the fuel is called the tanker, whereas the aircraft which receives the fuel is called the receiver. Furthermore, the Flying boom and progue-and drogue are two main approaches that are used to carry out the aerial refueling processes. It is of prime importance, especially for military aircraft, wherein the extra fuel provided can lead aircraft to stay airborne for a longer time.

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Market Dynamic

Key Drivers and Emerging Trends

Growing need for air-to-air refueling to support overseas deployment and rising procurement of sophisticated fighter aircraft to replace older fleets and expand the capabilities of defense are the two major factors fueling the air-to-air refueling market. In addition, rising incidences of conflict between different countries has stimulated the need for aerial refueling to reinforce oversees deployments, driving the air-to-air refueling market share. The reduced weight of air-to-air refueling helps planes to take off with less fuel as well as shorter runway length which is projected to strengthen the market growth. Moreover, the advent of innovative technologies such as smart drogue system and increase in defense budgets of various countries will offer enormous opportunities to the market. For example, in 2018, the Indian defense budget was nearly USD 57 billion, which was 5.66% more than the previous year. However, aerial refueling options require complete training to perform flight operations, owing to the need for proper coordination between tanker, pilots of jets and crew. Also, these operations require clean weather conditions which can impede the air-to-air refueling market size.

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Aircraft Type – Segment Analysis

Based on the Aircraft Type, the Fixed Wing segment is expected to grow at a higher CAGR during the forecast period. A fixed-wing aircraft achieve flight using wings fixed to the fuselage to produce the required lift with the aid of the forward motion of the aircraft. This segment is experiencing growth as it can be utilized for longer travel distances and have better aerodynamic structures as compared to rotary-wing aircraft. This aircraft can also take flight in harsh conditions and environments. Hence, due to such factors this segment is aniticipated to account for higher air to air refueling market share during the forecast period.

End-User – Segment Analysis

Based on the Type, the Aftermarket segment is expected to grow at a higher CAGR during the forecast period. The aftermarket companies avail of complete repair, overhaul, and maintenance services. For instance, damaged components of air-to-air refueling systems, like hydraulic systems, safety systems, fuel management systems, are considered for maintenance, repair, and overhaul. Moreover, the aftermarket also offers repairing services for over-the-counter products in case hydraulic components like pumps, couplings, and nozzles are damaged beyond repair.

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Regional – Segment Analysis:

Based on the region, the North-America region is projected to dominate the market during the forecast period. The segment growth can be attributed owing to the research and development activities, deployment, and the proximity of key market players. The major countries in this region are the US and Canada. The military aviation sector in North America is growing steadily, consequently generated remarkable demand for air-to-air refueling systems. Also, the presence of major players, OEMs, and component manufacturers are other key factors expected to surge the air-to-air refueling market in North America. The growing number of military aircraft upgrade programs, the presence of major systems and components manufacturers, and ongoing research and development of advanced military aircraft platforms are expected to lead to a surge in demand for air-to-air refueling systems in North America during the forecast period.

Top Market Players

Various notable players operating in the market include obham Limited, Eaton, Airbus S.A.S., Boeing, GE Aviation, Lockheed Martin Corporation, Dassault Aviation, Draken International, LLC, Israel Aerospace Industries, PARKER HANNIFIN CORP, among others. 

Key Developments:

• • In 2021, The Boeing Company made its first delivery of KC-46A aircraft to Japan under the contract signed by JASDF. The aircraft refueller is integrated with advanced sensors and can carry passengers as it refuels other planes.
  • In 2021, Eaton Corporation plc. acquired Cobham Mission Systems (CMS), the air refueling business of Cobham Ltd. for USD 2.8 billion. This acquisition will expand the portfolio of Eaton Corporation plc. and strengthen their business.
  • In 2021, Eaton signed an agreement to procure Cobham Mission Systems, a subsidiary of Cobham plc. Under the terms of the agreement, Eaton paid USD 2.83 billion for CMS, inclusive of USD 130 million in tax benefits.
  • In 2020, Boeing and the US Navy had for the first time flown the MQ-25 T1 test asset with an aerial refueling store (ARS), a remarkable milestone in the development of the unmanned aerial refueling tanker.
  • In 2020, Airbus achieved the first-ever fully automatic air-to-air refueling (A3R) operation with a boom system. The flight test campaign, conducted earlier in the year over the Atlantic Ocean, involved an Airbus tanker test aircraft equipped with the Airbus A3R solution, with an F-16 fighter aircraft of the Portuguese Air Force acting as a receiver.

Segments covered in the Report:

The global Air-to-Air Refueling market has been segmented on the basis of Component, System, Aircraft Type, Type, End-User and regions. Based on Component, the market is segmented into Pumps, Valves, Nozzles, Hoses, Boom, Probes, Fuel tanks, Pods and Others. Based on System, the market is segmented into Probe & Drogue, Boom Refueling and Autonomous. Based on Aircraft Type, the market is segmented into Fixed Wing and Rotary Wing. Based on Type the market is segmented into Manned and Unmanned. Based on the End-User, the market is segmented into OEM and Aftermarket. 

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Key questions answered in this research report:

• • At what pace is global Air-to-Air Refueling market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Air-to-Air Refueling market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Air-to-Air Refueling market?
  • Which Component generated maximum revenues in 2020 and identify the most promising Component during the forecast period?
  • What are the various System areas of global Air-to-Air Refueling market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Air-to-Air Refueling Market by Component

• • Pumps
  • Valves
  • Nozzles
  • Hoses
  • Boom
  • Probes
  • Fuel tanks
  • Pods
  • Others

Global Air-to-Air Refueling Market by System

• • Probe & Drogue
  • Boom Refueling
  • Autonomous

Global Air-to-Air Refueling Market by Aircraft Type

• • Fixed Wing
  • Rotary Wing

Global Air-to-Air Refueling Market by Type

• • Manned
  • Unmanned

Global Air-to-Air Refueling Market by End-User

• • OEM
  • Aftermarket

Global Air-to-Air Refueling Market by Region

• • North America Air-to-Air Refueling Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By System
    • By Aircraft Type
    • By Type
    • By End-User
    • US Market All-Up
    • Canada Market All-Up
  • Europe Air-to-Air Refueling Market (Option 2: As a part of the free 25% customization)
    • By Component
    • By System
    • By Aircraft Type
    • By Type
    • By End-User
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Air-to-Air Refueling Market (Option 3: As a part of the free 25% customization)
    • By Component
    • By System
    • By Aircraft Type
    • By Type
    • By End-User
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Air-to-Air Refueling Market (Option 4: As a part of the free 25% customization)
    • By Component
    • By System
    • By Aircraft Type
    • By Type
    • By End-User
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Air-to-Air Refueling (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • obham Limited
  • Eaton
  • Airbus S.A.S.
  • Boeing
  • GE Aviation
  • Lockheed Martin Corporation
  • Dassault Aviation
  • Draken International, LLC
  • Israel Aerospace Industries
  • PARKER HANNIFIN CORP