Air-to-Air Refueling Market value 1 million by 2025 at a CAGR of 11.2%

Posted by Sandeep Roy on April 19th, 2021

According to the latest market research report the Air-to-Air Refueling Market is estimated to be USD 501 million in 2020 and is projected to reach USD 851 million by 2025, at a CAGR of 11.2% during the forecast period. Some of the factors fueling the market’s growth include increasing demand for air-to-air refueling systems to support overseas deployments. The increasing demand for autonomous refueling systems and autonomous refueling tankers are some of the lucrative opportunities for air-to-air refueling system providers during the forecast period. However, the high installation and maintenance cost of air-to-air refueling systems act as a major challenge for the customer and manufacturers during the forecast period.

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Based on component, the fuel tank segment is estimated to account for the highest share in the air-to-air refueling market in 2020. A fuel tank system is one of the important component of air-to-air refueling system as it increases the safety of fuel systems in an aircraft. This system is placed in the fuel tank of the aircraft and stores non-flammable gases, such as nitrogen. A fuel tank operates during a flight when the bleed air is supplied.

Based on system, boom refueling segment is projected to lead air-to-air refueling market during forecast period. Most tanker aircraft use boom refueling systems, which consist of a rigid tube that helps an operator on tanker aircraft to extend the boom tube and insert it into a vessel on the aircraft being refueled. The growth of boom refueling segment can be attributed to its ability to transfer fuel as fast as possible. Since the boom is rigid, it is capable of a higher transfer rate as compared to probe and drogue.

Based on type, manned segment is projected to lead air-to-air refueling market during forecast period. The rising adoption of air-to-air refueling through manned systems by military and naval forces across the globe is expected to fuel the growth of the manned segment.

Based on aircraft type, fixed-wing segment is estimated to lead air-to-air refueling market during forecast period. A fixed wing aircraft attains flight using wings fixed to the fuselage to generate the necessary lift using the forward motion of the aircraft. The fixed wing aircraft segment is experiencing growth as it can be used for longer travel distances and have better aerodynamic structures than rotary wing aircraft. Fixed wing aircraft can also take flight in challenging conditions and environments.

Based on end user, the air-to-air refueling market has been segmented into OEM and Aftermarket. The aftermarket segment is estimated to lead the air-to-air refueling market during the forecast period. The aftermarket companies offer complete maintenance, repair, and overhaul services. For example, damaged components of air-to-air refueling systems, such as hydraulic systems, fuel management systems, and safety systems, are considered for maintenance, repair, and overhaul. The aftermarket also offers repairing services for over-the-counter products in case hydraulic components such as pumps, couplings, and nozzles are damaged beyond repair.

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Sandeep Roy

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Sandeep Roy
Joined: August 7th, 2019
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