What is Aerial Refueling Systems Market?
Aerial refuelling is mainly defined as the method of sending aviation fuel from one craft to a different when both are in their flight modes. The aircraft that transfers the fuel is named the tanker whereas the craft that gets the fuel is named the receiver. Flying boom and progue-and drogue are 2 main methodologies that are used to do the aerial supplying processes. The previous method is considerably quicker than the other however wants the setup of a particular style of the boom operator station. Aerial refueling processes are extremely necessary, particularly for military craft, whereby the additional fuel received will result in craft remaining mobile for an extended time. During this method, the vary of the craft, as well as its functioning capability, will considerably increase. For military aircraft, a number of them might compensate with less fuel maintained whereas lifting off. This could be done in order to compensate for the heavyweight of weapons, armor, and alternative similar objects, by reducing the utmost take-off weight. After being airborne, the same craft will receive extra fuel, therefore avoiding burning excess fuel at the start throughout rising and thus preserving it. An economical take-off roll is additionally attainable for the craft that begins with minimum fuel and receives an additional dose once being mobile. During this method, a craft will receive a major boost while taking off thus creating it attain a substantial height in a short time.
Highlights from Aerial Refueling Systems Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Cobham Plc. (United Kingdom), Airbus Group (Netherlands), Boeing Company (United States), United Technologies Corporation (United States), Eaton Corporation (Ireland), Lockheed Martin Corporation (United States), Northstar Engineering, Inc (United States), GE Aviation (United States), Safran SA (France), Marshall Aerospace and Defense Group (United Kingdom), Parker Hannifin Corporation (United States), Dassault Aviation (France) and Israel Aerospace Industries Ltd. (Israel) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Manufacturers will contribute to the maximum growth of Global Aerial Refueling Systems market throughout the forecasted period.
Cobham Plc. (United Kingdom), Airbus Group (Netherlands), Boeing Company (United States), United Technologies Corporation (United States), Eaton Corporation (Ireland), Lockheed Martin Corporation (United States), Northstar Engineering, Inc (United States), GE Aviation (United States), Safran SA (France), Marshall Aerospace and Defense Group (United Kingdom), Parker Hannifin Corporation (United States), Dassault Aviation (France) and Israel Aerospace Industries Ltd. (Israel) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Zodiac Aerospace (France) and Cobham plc (United Kingdom). Aerial Refueling Systems Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Combat Aircraft, Helicopter and UAV |
Type | Probe and Drogue and Boom and Receptacle |
End-User | Airforce,Commercial Airlines |
On the basis of geography, the market of Aerial Refueling Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption by The Commercial Airlines
Market Growth Drivers:
Increasing Adoption of Multi-Role Tanker Transport Aircraft, Rising Defence Budgets and Growing Aviation Industry
Challenges:
Complex Operating Mechanism and Lack of Skilled Personnel
Restraints:
High Cost of The Operation
Opportunities:
Increased Research and Development and Increased Investment by The Government Bodies
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Aerial Refueling Systems, Venture Capitalists and Private Equity Firms and End-Use Industry
Market Leaders & Development Strategies
In June 2021, power management company Eaton acquired Cobham Mission Systems. Cobham is a leading manufacturer of air-to-air refueling systems, environmental systems, and actuators primarily for the defense market. The company has a workforce of approximately 2,000 people and manufacturing facilities in the US and UK.
In March 2023, Airbus Defense and Space and its wholly-owned subsidiary Airbus UpNext achieved autonomous guidance and control of drones on board using the A310 MRTT. As a first step towards autonomous formation flight and autonomous air-to-air refueling (A4R), this technology represents a significant breakthrough for future air operations involving both manned and unmanned assets.