About Military Aerial Refueling Tanker
Military Aerial Refueling Tankers are Military Airplanes that are designed to carry huge amounts of aviation fuel with the primary role of carrying out air to air refueling (AAR), the process of refueling one plane from another. These planes are designed for extended or high endurance flights, as well as tasked with assisting the fighter jets to extend their range by helping them carry out in-flight refueling (IFR). Militaries around the world are exploring military air refueling tankers to bolster their air force's operating range.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The industry is very acute in terms of players, mostly four players dominate the entire market that is Boeing, Airbus, United Aircraft Corporation, and Lockheed Martin Corporation. Entrance for new players is extremely difficult owing to high investment costs in research & development and complex technology. North America will remain the most intensified market for players to compete in, with Boeing leading the pack at the moment. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Military Aerial Refueling Tanker market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Boeing Company (United States), Airbus SE (Netherlands), Rostec (United Aircraft Corporation) (Russia), Lockheed Martin Corporation (United States), Embraer S.A. (Brazil), Saab AB (Sweden), Dassault Aviation (France), Mcdonnell Douglas (United States), Eurofighter GmbH (Germany) and Xi'an Aircraft Industrial Corporation (China) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Northrop Grumman Corporation (United States), BAE Systems Plc (United Kingdom) and Bombardier (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Military Aerial Refueling Tanker market by Type (Combat Jets, Tanker Aircrafts and UAVs), Application (Combat Jets, Transport Aircrafts, UAVs and Helicopter) and Region.
On the basis of geography, the market of Military Aerial Refueling Tanker 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). If we see Market by Components, the sub-segment i.e. Fuselage will boost the Military Aerial Refueling Tanker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Sales Services will boost the Military Aerial Refueling Tanker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Research and Development in Multi-Role Combat and Transport Refueling Tankers, Extention in the Range of Combat Fleet Through Aerial Tankers and Flying Boom Technology is Much Preferred because of High Rate of Fuel Transfer and Low Maintenance Costs
Market Growth Drivers:
Increase in Defence Budgets and Rising Hostilities, Increased Investments in Military Aviation Industry and Increase in Fleet Size of Air-Force’s Around the World
Challenges:
Advanced Complex Technology Used in Air Refueling Tankers and High Operating Costs of Refueling Tankers
Restraints:
High Costs of Production of Dedicated Military Aerial Refueling Tankers and Low Resale Value
Opportunities:
Defense Budget Increment Across the Globe Opens Up Prospects for Manufacturers of Military Aerial Refueling Tankers and Advancement of Multi-Role Technology Offers Opportunity to Small and Medium Economies to Upgrade their Existing Combat or Transport Aircrafts into Military Aerial Refueling Tankers
Market Leaders and their expansionary development strategies
In 2019, Longview Aviation Capital completed the acquisition of the Dash 8 turboprop line from the Canadian business Jet manufacturer and formed a new company called De Havilland Aircraft of Canada Limited.
In 2020, The Boeing Company conducted its first successful flight of aerial refueling Drone Tankers called MQ-25 Drone.
Key Target Audience
Military Aeriel Refueling Tanker Manufacturers, Components and Parts Suppliers, Aircraft Services Provider, Aerospace and Defense Agencies, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.