The Global Aerial Refueling Systems Market - A Healthy Growth Opportunity in the Entire Ecosystem; Likely to Reach an Estimated Value of $671.9 Million in 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 2, 2019--The “Aerial Refueling Systems Market by Aircraft Type, by System Type, by Component Type, by End-User Type, and by Region, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024” report has been added to ResearchAndMarkets.com’s offering.
This strategic assessment report estimates the global aerial refueling systems market for the forecast period of 2019 to 2024 by studying current market trends, changing competitive dynamics, and future market possibilities. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The global aerial refueling systems market offers a healthy growth opportunity in the entire ecosystem and is likely to reach an estimated value of US$ 671.9 million in 2024. Increasing demand for tanker aircraft, owing to rising defense budgets in the developing economies and expected replacement of old tanker aircraft fleet of KC-135 in the USA, emergence of multirole aircraft tankers; increasing demand for long-run military jets for special purpose missions, and rising tanker fleet size are the major growth drivers for the aerial refueling systems market.
The USA, the largest market for the defense industry, has a large aging tanker fleet which needs replacement with the latest tanker aircraft. The USA’s current plan is to purchase 179 Boeing’s KC-46 tanker aircraft by 2027 and will eventually replace 470 KC-135 tanker aircraft with KC-46 aircraft. In Sep. 2018, the US Air Force gave a contract of about US$ 2.9 billion to Boeing for 18 additional KC-46 Pegasus tanker aircraft, making the total order of 52 aircraft. Later in Jan. 2019, Boeing successfully delivered its first KC-46A Pegasus tanker aircraft to the US Air Force.
The market is segmented based on the aircraft type as Combat Aircraft, Helicopter, and UAV. Combat aircraft is likely to remain the growth engine of the market during the forecast period. Increasing demand for combat aircraft, owing to rising tensions, and large aging combat aircraft fleet size and a greater need of multiple tanker aircraft for refueling are the major factors that are proliferating the demand for refueling systems in the segment. The UAV segment is likely to witness the highest growth during the forecast period, driven by increasing production of long-range UAVs.
Based on the system type, the market is segmented as Hose & Drogue and Boom & Receptacle. Hose & Drogue is expected to remain the larger and faster-growing system type in the market during the forecast period of 2019 to 2024, driven by low cost and ease in refueling. All the major tanker aircraft are increasingly opting for hose and drogue system. KC-46 tanker aircraft of Boeing, the most talked tanker aircraft, are equipped with a permanent centerline drogue system and removable wing air refueling pods.
In terms of region, North America is expected to remain the largest aerial refueling systems market during the forecast period. The USA is likely to remain the growth engine of the North American market, propelled by high defense budget, large tanker aircraft fleet (KC-135), and expected replacement of old aircraft fleet with new KC-46 tanker aircraft in the coming years.
Asia-Pacific is expected to experience the highest growth during the same period. Increasing defense budget of the major Asian markets, such as China, India, Japan, and South Korea; and good order size of tanker aircraft are likely to drive the demand for aerial refueling systems in the region.
The supply chain of this market comprises raw material suppliers, component manufacturers, aerial refueling system suppliers, aircraft manufacturers, and end users. The key aerial refueling system manufacturers are Cobham Plc., Eaton Corporation, Safran S.A. (Zodiac Aerospace), GE Aviation Systems, and Marshall Aerospace and Defense Group. Developing high-performance aerial refueling systems and components and building long-term relations with the customers are the key strategies adopted by the major players to gain a competitive edge in the market.
The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Key Topics Covered
1. Executive Summary
2. Aerial Refueling Systems Market - Overview and Market Forces
2.2. Market Classification
2.3. Market Drivers
2.4. Market Constraints
2.5. Supply Chain Analysis
2.6. Industry Life Cycle Analysis
2.7. PEST Analysis: Impact Assessment of Changing Business Environment
2.8. Porter’s Five Forces Analysis
2.9. SWOT Analysis
3. Aerial Refueling Systems Market Analysis - By Aircraft Type
3.1. Strategic Insights
3.2. Combat Aircraft Aerial Refueling Systems Market Trend and Forecast (US$ Million)
3.3. Helicopter Aerial Refueling Systems Market Trend and Forecast (US$ Million)
3.4. UAV Aerial Refueling Systems Market Trend and Forecast (US$ Million)
4. Aerial Refueling Systems Market Analysis - By System Type
4.1. Strategic Insights
4.2. Hose and Drogue Refueling Systems Market Trend and Forecast (US$ Million)
4.3. Boom and Receptacle Refueling Systems Market Trend and Forecast (US$ Million)
5. Aerial Refueling Systems Market Analysis - By Component Type
5.1. Strategic Insights
5.2. Aerial Refueling Pods Market Trend and Forecast (US$ Million)
5.3. Aerial Refueling Probes Market Trend and Forecast (US$ Million)
5.4. Aerial Refueling Drogues Market Trend and Forecast (US$ Million)
5.5. Aerial Refueling Hoses Market Trend and Forecast (US$ Million)
5.6. Aerial Refueling Boom Market Trend and Forecast (US$ Million)
5.7. Other Components Market Trend and Forecast (US$ Million)
6. Aerial Refueling Systems Market Analysis - By End-User Type
6.1. Strategic Insights
6.2. OE-based Aerial Refueling Systems Market Trend and Forecast (US$ Million)
6.3. Aftermarket-based Aerial Refueling Systems Market Trend and Forecast (US$ Million)
7. Aerial Refueling Systems Market Analysis - By Region
7.1. Strategic Insights
7.2. North American Aerial Refueling Systems Market Analysis
7.3. European Aerial Refueling Systems Market Analysis
7.4. Asia-Pacific’s Aerial Refueling Systems Market Analysis
7.5. Rest of the World’s Aerial Refueling Systems Market Analysis
8. Competitive Analysis
8.1. Strategic Insight
8.2. Presence by Aircraft Type
8.3. Presence by System Type
8.4. Presence by Component Type
8.5. Presence by End-User Type
8.6. Geographical Presence (Manufacturing Capabilities)
8.7. New Product Launches
8.8. Market Share Analysis
9. Strategic Growth Opportunities
9.1. Strategic Insights
9.2. Market Attractive Analysis
9.3. Emerging Trends
9.4. Growth Matrix Analysis
9.5. Key Success Factors
10. Company Profile of Key Players
10.1. Cobham PLC
10.2. Eaton Corporation
10.3. GE Aviation
10.4. Marshall Aerospace & Defense Group
10.5. Safran S.A. (Zodiac Aerospace)
For more information about this report visit https://www.researchandmarkets.com/r/ys3kap
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SOURCE: Research and Markets
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PUB: 05/02/2019 11:25 AM/DISC: 05/02/2019 11:25 AM