MRFR offering latest market research report on Aerial Refueling Systems Market: Information by Type (Tanker Aircraft Systems & Receiver Aircraft Systems), by Technology (Probe & Drogue Systems, & Flying Boom Systems) by End-User (OEM & Aftermarket), by Platform, & by Region — Global Forecast till 2023
Aerial Refueling Systems Market Key Players
United Technologies Corporation (US), Eaton Corporation plc (Ireland), Cobham plc (UK), Israel Aerospace Industries Ltd. (Israel), General Electric Company (US), Northstar Engineering, Inc. (US), Marshall Aerospace and Defence Group (UK), Safran SA (France), Parker Hannifin Corporation (US), and Woodward, Inc. (US) are some of the popular players that are operating in the market. Dynamics of key players play a significant role in the expansion of the global market. An in-depth analysis of key companies is likely to assist in the identification of investment spots that can generate high revenues.
Aerial Refueling Systems Market Scope
Market Research Future (MRFR) reveals in its freshly published report on the Global Aerial Refueling Systems Market Is Expected To Thrive At A CAGR Of About 4% Over The Assessment Period Of 2019 To 2023.
Aerial Refueling Systems Market Insights
Political disruptive forces are encouraging military activities. The increase in popularity of aerial refueling systems in the aerospace and defense industry is expected to benefit its global market.
Governments, across the world, has raised the defense budgets. This has led to an increase in the deployment of tanker aircraft, especially in countries where the political conditions are dense.
The rise in demand for military jets for special purpose is another factor that is expected to amplify the expansion of the market. In addition, the emergence of multi-role aircraft tankers is likely to contribute significantly to the Aerial Refueling Systems Market growth.
The extensive utility of these aircrafts owing to their benefits such as high fuel-efficacy is expected to aid the market generate high revenues in the coming years. On the contrary, the high probability of accidents during refueling procedures may pose a threat to the market. The high need to reduce the pressure while refueling combat aircrafts is another restrain that is identified that can slow down the expansion of the market.
Aerial Refueling Systems Market Segmental Outline
The global aerial refueling systems market has been segmented by platform, type, end-user, and technology.
By type, the aerial refueling systems market has been divided into receiver aircraft systems and tanker aircraft systems. The tanker aircraft systems segment is expected to garner the largest market share of the market. Pumps, valves, boom or drogue transfer system, surge control devices, control manifolds, hoses, and others are important components of tanker aircrafts those are experiencing high sales. This is likely to gain traction for the global market.
By platform, the aerial refueling systems market is divided into rotary wing and fixed wing. In 2017, the fixed wing segment held the major share of the market. The global market for aerial refueling is expected to capitalize on advantages such as long endurance, faster flight speed, and large area coverage during surveillance.
By technology, the aerial refueling systems market is divided into flying boom systems and probe & drogue system. In 2017, the probe & drogue segment held the largest market share of the market owing to products features of having simple tanker design and ability to eliminate boom operator.
By end-user, the aerial refueling systems market is segmented into OEM and Aftermarket. In ability of OEM to get readily integrated in aircraft refueling system is likely to gain considerable traction for the market.
Aerial Refueling Systems Market Regional Outlook
North America, Asia-Pacific, Europe, and Rest of the World are the regional segments of the global aerial refueling systems market. The North America market accounted for the largest over the review period. The increase in military activities in the United States is expected to cause the assimilation of destroyers, Black Hawk helicopters, fighter jets, and others. This is likely to surge the regional aerial refueling market.
Aerial Refueling Systems Market: Information by Type (Tanker Aircraft Systems & Receiver Aircraft Systems), by Technology (Probe & Drogue Systems, & Flying Boom Systems) by End-User (OEM & Aftermarket), by Platform, & by Region — Global Forecast till 2023 @ https://www.marketresearchfuture.com/reports/aerial-refueling-systems-market-7123
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