Aerial Refueling Systems Market Size
Aerial Refueling Systems Market size was USD 4.3 million in 2019 and is anticipated to grow at a rate of over 4% CAGR between 2020 and 2026.
Rising tanker aircraft demand with increasing defense budget in developed and emerging economies will drive the market revenue. Increased sorties away from ground bases have made refueling a critical mission element. The AAR facilitates overseas deployment in short notice. Increased adoption of efficient techniques for enhancing endurance and range of aircrafts will drive the aerial refueling systems market growth.
To obtain key market trends
The aerial refueling tankers are being transformed to improve airspeed, altitude, and range. The industry stakeholders are endeavoring to raise suitability for harsh environments, reduce lifecycle costs, autonomous flight, and roll on & roll off.
Inflight refueling is a sophisticated activity due to the speed and closeness of the aircraft. Tanker lead ahead to mitigate involved risks, workload on operator and reducing contact time will improve penetration of the product. AAR systems are incorporating ISR (Intelligence, Surveillance and Reconnaissance) functionality for tracking receiver and expanding operating envelope. Besides, innovation in airborne tankers with greater lifting capacity will drive market growth.
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Aerial Refueling Systems Market Report Attributes
Report Attribute Details
Base Year 2019
Aerial Refueling Systems Market Size in 2019 4.29 Million (USD)
Forecast Period 2020 to 2026
Forecast Period 2020 to 2026 CAGR 4.1%
2026 Value Projection 5.4 Million (USD)
Historical Data for 2016 to 2019
No. of Pages 350
Tables, Charts & Figures 651
Segments covered Application, Component, System, Distribution Channel and Region
Growth Drivers
Growing adoption of multi role tanker transport aircraft
Defense budget growth
Expansion of aviation industry
Pitfalls & Challenges
Complex operating mechanism
What are the growth opportunities in this market?
Aerial Refueling Systems Market Analysis
Military aircraft had approximately 90% market share in 2019 due to the use of air to air refueling systems to improve the range of defense operations and enable them to travel further than they would otherwise have been able to. In-flight refueling is very important in strategic missions and air warfare. Different countries are expanding their tanker fleet in order to expand their air force.
For example, in September 2019, the U.S. Air Force procured 15 Boeing KC-46 multirole tankers to enhance its growing fleet of military aircraft. Additionally, reduced vulnerability of pilot error and fatigue at receiving aircraft will have a positive impact on the market penetration across a wide range of applications.
Refueling pods dominates the aerial refueling systems market due to its use to carry the fuel. The company players are optimizing the fuel-carrying ability of the pods to refuel more than a single aircraft. In August 2016, Cobham innovated Wing Aerial Refueling Pod (WARP) having more robust vertices and increased operation speed. The system can provide approximately 400 gallons fuel per minute to fuel more than one aircrafts.
Boom component market segment will experience approximately 5% growth during 2026 driven by its use in transferring the fuel from the supplier to the carrier. Refueling probe and hose are crucial parts of AAR system. The entire process places the aircrafts in close contact with each other, which might cause an accident. Therefore, the system is being automated to control it efficiently and improve safety.
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Probe & drogue aerial refueling systems market will record growth of approximately 3.5% over the period 2020 to 2026 owing to its adaptability. The system can hand over fuel to three receivers at a time. The Hose Drogue Unit (HDU) is safer, simple to attach and permits more relative motion between the carrier and receiver. In addition, if one of the HDU unit is out of service during course, the tanker will be able to offload the fuel. But low transfer rate and its restriction for large sized military aircrafts will limit the product penetration.
OEM segment leads the market size with growing demand from military and commercial aircrafts. Fleet size growth of aircraft to cater to rising passengers and missions will drive service demand. Spreading demand of refueling tankers to enhance the flight course will drive the segment penetration. Additionally, end-user willingness towards product quality, reliability and cost effective after sales services will fuel the segment growth
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North America held more than 50% market share in 2019 due to the presence of largest refueling fleets. The U.S. fleet comprises more than 400 KC-135s and 55 large KC-10s. The U.S. Air Force and Marine Corps are upgrading their fleet to maintain their aerial dominance that will further drive the market growth throughout the region. Additionally, the region is seeing replacement of aging refueling tankers with multi-mission capable ones to enhance refueling capability.
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Aerial Refueling Systems Market Share
The aerial refueling system manufacturers are working on overcoming the potential issues in air tanker refueling including operational benefit and potential cost. The service providers are continuously increasing the number of hoses in refueling system to ensure effective use of refueling asset and interoperability. Such initiatives will propel industry growth.
The key industry participants include
- Lockheed Martin
- Boeing
- Cobham Plc
- Zodiac Aerospace
- Eaton Corporation
- GE Aviation System
- Engineering Corporation
- Northstar
- Omega Aerial Refueling Services, lnc.
