Global Refueling Aircraft Market


Posted February 12, 2021 by pallavivn

Global Refueling Aircraft Market was valued US$ XX Bn in 2019 and is expected to reach XX Bn by 2026, at a CAGR of 4.5% during a forecast period.

 
Global Refueling Aircraft Market was valued US$ XX Bn in 2019 and is expected to reach XX Bn by 2026, at a CAGR of 4.5% during a forecast period.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.



Currently, the aviation industries are prospering across the globe on the back of rapid expansion of the traveling activities, for both business and pleasure. The aviation industry is gaining traction because of refueling aircraft are adequate as a solution to incidences of oil spills.

Political disruptive forces are boosting military activities across the globe. An increase in the popularity of refueling aircraft systems in the aerospace and defense industry is expected to drive market growth.

The Air to Air Refueling segment is expected to grow at a XX % rate of CAGR during the forecast period. Air-to-air refueling is one of the trends, which are expected to witness in the market during the forecast period because of its requirement to support overseas deployment. The refueling plays a vital role in enabling the receiver aircraft to remain airborne for a longer time, which is serious during military missions.

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Helicopters are expected to witness considerable growth in the global refueling aircraft market because of the increase in prevalence for Helicopter In-Flight Refueling (HIFR) systems. The expansion of the tourism industry is considerably contributing to the demand for helicopters. Additionally, helicopters are used in several industries like oil & gas and mining, along with the installation of refueling hoses for increased reliability and higher fuel flow assurance is expected to boost the growth in the global refueling aircraft market.

Region-wise, the North America region is estimated to hold a dominant position in the global refueling aircraft market. The military aviation sector in North America is growing expanding steadily. The presence of major players, component manufacturers and OEMs are some driving factors behind the growth in the refueling aircraft market in the region. The military aircraft upgrades and research & development of advanced military aircraft platforms are expected to boost the growth in the global refueling aircraft market.



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Last Updated February 12, 2021