Global Tanker Aircraft Market Outlook to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 12, 2018--The “Global Tanker Aircraft Market - Segmented by Type and Geography - Growth, Trends, and, Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The Shift Towards Long Range Combat Aircrafts is Expected to Drive the Tanker Aircraft Market
Major military organizations around the world are gradually adding more long range combat aircraft to their fleet due to logistical and technological advantages. This aspect is expected to be a major driver of the tanker aircraft market during the forecast period.
The costs incurred on the refuelling equipment of the tanker aircraft as well as the receiver aircraft are quite substantial, which is holding the market back to some extent.
The two main systems, which are commonly used are probe and drogue and the flying boom system. The longest manned flight record was in a Cessna 172 Sky hawk, which flew constantly for 64 days and 22 Hours.
Russia, France, UK, and U.S. are actively building and acquiring a new fleet of tankers. The tanker aircraft market is one of the few markets, which will experience good growth across the world in both developing and developed countries with developing countries expected to follow the lead of the developed nations because of the importance of the tanker aircraft.
Aerial refuelling is expected to be adopted by all the major armed forces of the world in the future and with the falling prices of aerial refuelling equipment in the future civilian passenger aircraft will also adopt this technology, which would result in falling travel times because of non - stop flights and huge efficiency savings.
In the quest to maximize range of its aircraft the countries will continue to buy more number of tanker aircraft in the next 10 years. Fuelled by the demand arising in Middle East, Asia Pacific, Africa, and South America the market for tanker aircraft will be in the range of 125 aircraft till 2025, which will translate into a market size of USD 26 billion. One other restraint is the challenge faced by companies in terms of design.
Major Market DevelopmentIndian Air Force procures six military tanker aircrafts to expand it’s operational fleet size
Key Topics Covered
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Tanker Aircraft Market, Segmented by Type
6. Tanker Aircraft Market, Segmented by Geography
7. Competitive Landscape
8. Company ProfilesBoeing Cobham Plc EADS (Northrop Grumann) Rolls Royce Plc Thales UK VT Group Plc Lockheed Martin BAE Systems Marshall Aerospace Serco Airbus Ilyushin
For more information about this report visit https://www.researchandmarkets.com/research/7534lw/global_tanker?w=4
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INDUSTRY KEYWORD: TRANSPORT AIR MANUFACTURING AEROSPACE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/12/2018 10:17 AM/DISC: 09/12/2018 10:17 AM