USD 1.20 billion
Aerial Refueling Systems Market Size, Share, Growth Analysis, By System(Probe & Drogue, Flying Boom, Autonomous), By Application(Commercial Aircrafts, Military Aircrafts, Helicopters, Unarmed Aerial Vehicles (UAV)), By Component(Pods, Refueling Probes, Hoses, Boom), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20A2066 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
59
|Figures:
75
Aerial Refueling Systems Market Insights
Aerial Refueling Systems Market size was valued at USD 1.32 Billion in 2023 and is poised to grow from USD 1.45 Billion in 2024 to USD 3.14 Billion by 2032, growing at a CAGR of 10.1% during the forecast period (2025-2032).
The global aerial refueling systems market is a rapidly growing sector in the aerospace industry. The market is driven by the increasing demand for military aircraft capable of extended range and endurance. Aerial refueling systems allow these aircraft to travel longer distances and stay in the air for extended periods, enhancing their operational capabilities. Additionally, the growing need for strategic airlift and rapid deployment of military forces is fueling the demand for aerial refueling systems. In recent years, technological advancements have led to the development of more efficient and advanced aerial refueling systems. For example, the adoption of advanced hose and drogue systems and the introduction of flying boom systems have improved the efficiency and safety of the refueling process.
Geographically, North America has been the dominant market for aerial refueling systems, owing to the presence of major aerospace and defense manufacturers in the region. However, emerging economies in Asia Pacific and Europe are also witnessing significant growth in their defense budgets, which is expected to drive the demand for aerial refueling systems in these regions.
US Aerial Refueling Systems Market is poised to grow at sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Probe and Drogue
Fastest Growth
Probe and Drogue
Growth Rate
10.1% CAGR
Global Aerial Refueling Systems Market ($ Bn)
Country Share for North America Region (%)
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Aerial Refueling Systems Market Segmental Analysis
Global Aerial Refueling Systems Market is segmented by System, Application, Component, and region. Based on System, the market can be segmented into Probe & Drogue, Flying Boom, Autonomous. Based on Application, the market can be segmented into Commercial Aircrafts, Military Aircrafts, Helicopters, Unarmed Aerial Vehicles (UAV). Based on Component, the market is segmented into Pods, Refueling Probes, Hoses, Boom, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aerial Refueling Systems Market Analysis by Type
By type, the market can be segmented into probe and drogue, and boom. The Probe and Drogue segment currently holds a dominant position in the aerial refueling systems market. It is widely adopted by various military organizations and commercial airlines globally. Probe and Drogue systems offer flexibility, enabling refueling operations with a wide range of aircraft, including fighter jets, transport planes, and helicopters.
The Boom segment is the fastest growing segment in the aerial refueling systems market. The increasing demand for long-range strike capabilities and the introduction of advanced tanker aircraft contribute to its growth. Boom systems allow for direct contact between the tanker and receiving aircraft, enabling faster fuel transfer rates compared to probe and drogue systems.
Aerial Refueling Systems Market Analysis by Application
By application, the market can be segmented into defense, and commercial. The Defense segment holds a dominant position in the aerial refueling systems market. Military organizations worldwide heavily rely on aerial refueling capabilities to enhance the range, endurance, and operational flexibility of their aircraft fleets. With ongoing defense modernization programs globally, the demand for advanced aerial refueling systems is expected to remain strong. This includes upgrading existing tanker aircraft and acquiring new platforms with enhanced refueling capabilities.
The Commercial segment is the fastest growing segment in the aerial refueling systems market. Commercial airlines are increasingly recognizing the benefits of aerial refueling to enhance operational efficiency, extend range, and reduce operational costs. Aerial refueling allows commercial airlines to operate with lighter fuel loads, resulting in reduced fuel consumption, lower emissions, and improved overall operational efficiency.
Global Aerial Refueling Systems Market By Type
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Aerial Refueling Systems Market Regional Insights
North America dominated the global aerial refueling systems market. The region boasts a robust aerospace and defense industry, with major players such as Boeing and Lockheed Martin operating in the United States. The North American market benefits from significant defense expenditure and a strong focus on military capabilities, which drives the demand for advanced aerial refueling systems. The presence of a large fleet of tanker aircraft in the US Air Force further contributes to the dominance of the region in the market.
On the other hand, the Asia Pacific (APAC) region is witnessing significant growth and is considered one of the fastest-growing markets for aerial refueling systems. Countries like China and India have been ramping up their defense capabilities, leading to increased defense budgets and procurement of advanced military aircraft. This, in turn, drives the demand for aerial refueling systems to enhance the operational reach and efficiency of these aircraft. The geopolitical tensions in the region have also contributed to the growth of the market, as countries strive to bolster their military capabilities.
Global Aerial Refueling Systems Market By Region
- Largest
- Fastest
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Aerial Refueling Systems Market Dynamics
Aerial Refueling Systems Market Drivers
Increasing demand for military aircraft with extended range and endurance capabilities
- One key driver for the global aerial refueling systems market is the increasing demand for military aircraft with extended range and endurance capabilities. Aerial refueling systems allow these aircraft to operate over longer distances, stay in the air for extended periods, and carry out missions with enhanced operational flexibility. This demand is driven by the need for strategic airlift, rapid deployment of military forces, and the requirement to conduct long-range missions effectively and efficiently.
Aerial Refueling Systems Market Restraints
High costs associated with the development, procurement, and maintenance
- One significant restraint for the global aerial refueling systems market is the high costs associated with the development, procurement, and maintenance of these systems. Aerial refueling technology involves complex and sophisticated equipment, which requires substantial investments. Additionally, the stringent regulations and safety standards imposed on aerial refueling operations add to the overall costs. These high costs pose a challenge for smaller defense budgets and may limit the adoption of aerial refueling systems, particularly in emerging economies and regions with limited financial resources.
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Aerial Refueling Systems Market Competitive Landscape
The global aerial refueling systems market is characterized by a mix of established aerospace and defense companies, as well as emerging players focusing on this niche market. These companies strive to develop advanced technologies and innovative solutions to meet the growing demand for aerial refueling systems. The competitive dynamics are driven by factors such as technological advancements, product performance, pricing strategies, customer relationships, and global reach. Market players engage in research and development efforts, strategic partnerships, and mergers to gain a competitive edge and expand their market presence.
Aerial Refueling Systems Market Top Player’s Company Profiles
- Boeing (US)
- Lockheed Martin (US)
- Airbus (Netherlands)
- Northrop Grumman (US)
- Cobham plc (UK)
- Safran SA (France)
- Eaton Corporation (US)
- GE Aviation (US)
- IAI - Israel Aerospace Industries (Israel)
- Embraer S.A. (Brazil)
- Parker Hannifin Corporation (US)
- Marshall Aerospace and Defence Group (UK)
- GE Aviation Systems LLC (US)
- Dassault Aviation (France)
- Rolls-Royce Holdings (UK)
- Airborne Systems (UK)
- Sargent Fletcher Inc. (US)
- UTA - Universal Tanker Aircraft (US)
- Omega Aerial Refueling Services Inc. (US)
- AEROTEC (Spain)
Aerial Refueling Systems Market Recent Developments
- In May 2023, Airbus and Collins Aerospace formed a partnership to develop advanced aerial refueling systems and technologies for next-generation tanker aircraft, focusing on efficiency and operational safety.
- In March 2023, Boeing announced the launch of the Boeing MQ-25 Stingray unmanned aerial refueling tanker, aimed at providing the U.S. Navy with autonomous refueling capabilities for carrier-based aircraft.
- In January 2023, Cobham plc received a contract worth $26 million from the U.S. Army to provide buddy refueling stores for the AH-64 Apache attack helicopters, enhancing their operational range.
- In November 2022, Marshall Aerospace and Defense Group unveiled the Marshall Aerospace Aerial Refuelling Pod System (MARS) for use on the Airbus A330 Multi-Role Tanker Transport (MRTT) aircraft, providing an additional refueling option for customers.
- In August 2022, Safran Electronics & Defense and MHI Aero Engines entered into a partnership to develop and produce the M88-9X engine for the future European Future Combat Air System (FCAS) program, which may include aerial refueling capabilities.
Aerial Refueling Systems Key Market Trends
- One key market trend in the global aerial refueling systems market is the increasing focus on autonomous and unmanned refueling capabilities. Advancements in technology are enabling the development of autonomous refueling systems, which reduce human intervention and improve operational efficiency. These systems offer benefits such as increased safety, reduced workload on the crew, and the ability to perform refueling operations in challenging conditions. The growing interest in unmanned aerial vehicles (UAVs) and their integration into military operations is driving the demand for autonomous refueling systems, thereby shaping the market trend.
Aerial Refueling Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global aerial refueling systems market analysis, the market is experiencing significant growth driven by increasing demand for military aircraft with extended range and endurance capabilities. Technological advancements, such as advanced hose and drogue systems and flying boom systems, have enhanced the efficiency and safety of the refueling process. North America remains the dominant market, benefiting from a strong aerospace and defense industry. However, the Asia Pacific region is emerging as one of the fastest-growing markets, fueled by rising defense budgets and the need for enhanced military capabilities. The market is also witnessing trends towards autonomous and unmanned refueling systems to improve operational efficiency.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.20 billion |
| Market size value in 2031 | USD 2.85 billion |
| Growth Rate | 10.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aerial Refueling Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aerial Refueling Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aerial Refueling Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aerial Refueling Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aerial Refueling Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aerial Refueling Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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