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 2024-2031

Global Aerial Refueling Systems Market size was valued at USD 1.20 billion in 2022 and is poised to grow from USD 1.32 billion in 2023 to USD 2.85 billion by 2031, growing at a CAGR of 10.1% during the forecast period (2024-2031).

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.