Market Highlights:

In 2017, the fixed wing segment accounted for the largest market share as these aircraft provide various advantages such as long endurance, large area coverage during surveillance, and faster flight speed. Based on technology, the aerial refueling systems market is divided into probe & drogue system and flying boom systems. In 2017, the probe & drogue segment accounted for the largest market share as it has simpler tanker design, eliminates boom operator, and is presently used in many tankers. Based on end-user, the aerial refueling systems market is divided into OEM and Aftermarket. In 2017, the OEM segment accounted for the largest market share as various aircraft manufacturers are readily integrating these systems with their offerings.

The Aerial Refueling Systems Market is estimated to register a CAGR of nearly 4% during the forecast period of 2018 to 2023.

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Factors such as focus on upgrading in aging military aircraft and increased use of combat aircraft in military missions are positively impacting the aerial refueling systems market growth. In addition, the rise in defense expenditure, especially in developing countries and subsequent demand for new combat and trainer aircraft further boosts the market growth. However, the complexity associated with aerial refueling operations hinders market growth to a certain extent. Meanwhile, rising terrorist attacks and focus on counter operations create promising growth opportunities for the aerial refueling systems market. Furthermore, development of buddy pod technology and autonomous refueling systems are key trends in the market.

Segmentation:

In 2017, the probe & drogue segment accounted for the largest market share as it has simpler tanker design, eliminates boom operator, and is presently used in many tankers. Based on end-user, the aerial refueling systems market is divided into OEM and Aftermarket. In 2017, the OEM segment accounted for the largest market share as various aircraft manufacturers are readily integrating these systems with their offerings.

The global aerial refueling systems market has been segmented by type, platform, technology, end-user and region. Based on type, the aerial refueling systems market is divided into tanker aircraft systems and receiver aircraft systems. In 2017, the tanker aircraft systems segment accounted for the largest market share as it covers various components such as pumps, valves, control manifolds, surge control devices, hoses, boom/drogue transfer system, among others which enables effective refueling. Based on platform, the aerial refueling systems market is divided into fixed wing and rotary wing. In 2017, the fixed wing segment accounted for the largest market share as these aircraft provide various advantages such as long endurance, large area coverage during surveillance, and faster flight speed. Based on technology, the aerial refueling systems market is divided into probe & drogue system and flying boom systems.

Key Players:

Cobham plc
Eaton Corporation plc
General Electric Company
Israel Aerospace Industries Ltd
Marshall Aerospace and Defence Group
Northstar Engineering, Inc
Parker Hannifin Corporation
Safran SA
United Technologies Corporation
Woodward, Inc
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