Press release
Aerial refueling system Market Analysis 2022 Global Insights, Size, Type, Demand, Growth Rate, Key Segments and Current Trends, Forecast 2028
The global aerial refueling system market size is expected to reach USD 743.8 million by 2028, exhibiting a CAGR of 4.53% during the forecast period. The increasing development of innovative and lightweight military aircrafts such as bombers, fighter jets, and unmanned systems will have a tremendous impact on the aerial refueling system market growth during the forecast period, states Fortune Business Insights, in a report, titled "Aerial refueling system Market, 2021-2028." The market size stood at USD 535.8 Million in 2020.
Get Sample PDF Brochure:-
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aerial-refueling-systems-market-105152
Market Segments:
Autonomous Segment is Expected to Dominate Market
Based on the application, the market is classified into probe & drogue, flying boom, and autonomous. The flying boom segment is likely to be the largest segment. Increasing defense expenditure and procurement of fighter aircraft for the various military operations is expected to drive segment's growth. The autonomous segment is expected to experience the highest growth during the forecast period owing to the increasing demand for automatic fuel transfer systems.
Based on the application, the market is divided into commercial aircraft, helicopters, military aircraft, and unmanned aerial vehicles (UAV). The military segment is predicted to hold a significant share during the forecast period.
Geographically, the global market is classified into North America, Europe, Asia-Pacific, and the rest of the world.
Driving Factor:
Surging Defense Expenditure to Accelerate Business
The increasing investment in military modernization programs is expected to foster the market's healthy growth in the forthcoming years. In May 2020, according to the Center for Strategic & International Studies (CSIS), China's defense budget experience substantial growth of 6.6%, i.e., USD 178.2 billion. The recent increase in military spending has cleared the long path of modernization for the People's Liberation Army (PLA) by 2035. Moreover, the heavy defense spending in the US will have an outstanding effect on the market. For instance, the Department of Defense (DOD) budget in the U.S. was USD 704 billion for the fiscal year 2020-2021 the U.S. Besides, Japan announced over USD 51. Billion for the defense for the fiscal year 2021. Besides, the growing procurement of advanced fighter planes is expected to improve the prospects of the market in the forthcoming years.
Ask for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/aerial-refueling-systems-market-105152
Regional Insights:
Presence of Prominent Companies toBoost Market in North America
The market in North America is expected to increase rapidly during the forecast period. The growth is attributed to the high defense expenditure and procurement of advanced aerial refueling systems for different military applications. The presence of renowned companies such as Eaton Corporation, GE Aviation, and Lockheed Martin, and others will bolster growth in the region. Asia Pacific is expected to hold a considerable aerial refueling system market share during the forecast period. Asia Pacific is expected to account for the largest share due to increasing investments in the military and defense sector. The procurement of aerial refueling systems due to the growing border crossing, insurgencies, and terrorism will help expand the market in the region. Europe is expected to experience steady growth during the forecast period due to the existing companies such as Cobham, Safran, Marshal Aerospace and Defense, and others. For instance, in August 2020, Denmark's first F-35 fighter jet started assembling at the Lockheed Martin facility. Denmark will acquire all-new 27 aircraft up to 2026.
Notable Development:
March 2020: The U.S. Air force announced to take aid from commercial aerial refueling services. The Air Force will assess the best aerial refueling services with an evaluation to conduct commercial tank services with support training.
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/aerial-refueling-systems-market-105152
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner -
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Get Sample PDF Brochure:-
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/aerial-refueling-systems-market-105152
Market Segments:
Autonomous Segment is Expected to Dominate Market
Based on the application, the market is classified into probe & drogue, flying boom, and autonomous. The flying boom segment is likely to be the largest segment. Increasing defense expenditure and procurement of fighter aircraft for the various military operations is expected to drive segment's growth. The autonomous segment is expected to experience the highest growth during the forecast period owing to the increasing demand for automatic fuel transfer systems.
Based on the application, the market is divided into commercial aircraft, helicopters, military aircraft, and unmanned aerial vehicles (UAV). The military segment is predicted to hold a significant share during the forecast period.
Geographically, the global market is classified into North America, Europe, Asia-Pacific, and the rest of the world.
Driving Factor:
Surging Defense Expenditure to Accelerate Business
The increasing investment in military modernization programs is expected to foster the market's healthy growth in the forthcoming years. In May 2020, according to the Center for Strategic & International Studies (CSIS), China's defense budget experience substantial growth of 6.6%, i.e., USD 178.2 billion. The recent increase in military spending has cleared the long path of modernization for the People's Liberation Army (PLA) by 2035. Moreover, the heavy defense spending in the US will have an outstanding effect on the market. For instance, the Department of Defense (DOD) budget in the U.S. was USD 704 billion for the fiscal year 2020-2021 the U.S. Besides, Japan announced over USD 51. Billion for the defense for the fiscal year 2021. Besides, the growing procurement of advanced fighter planes is expected to improve the prospects of the market in the forthcoming years.
Ask for Customization:
https://www.fortunebusinessinsights.com/enquiry/customization/aerial-refueling-systems-market-105152
Regional Insights:
Presence of Prominent Companies toBoost Market in North America
The market in North America is expected to increase rapidly during the forecast period. The growth is attributed to the high defense expenditure and procurement of advanced aerial refueling systems for different military applications. The presence of renowned companies such as Eaton Corporation, GE Aviation, and Lockheed Martin, and others will bolster growth in the region. Asia Pacific is expected to hold a considerable aerial refueling system market share during the forecast period. Asia Pacific is expected to account for the largest share due to increasing investments in the military and defense sector. The procurement of aerial refueling systems due to the growing border crossing, insurgencies, and terrorism will help expand the market in the region. Europe is expected to experience steady growth during the forecast period due to the existing companies such as Cobham, Safran, Marshal Aerospace and Defense, and others. For instance, in August 2020, Denmark's first F-35 fighter jet started assembling at the Lockheed Martin facility. Denmark will acquire all-new 27 aircraft up to 2026.
Notable Development:
March 2020: The U.S. Air force announced to take aid from commercial aerial refueling services. The Air Force will assess the best aerial refueling services with an evaluation to conduct commercial tank services with support training.
Inquire Before Buying This Report:
https://www.fortunebusinessinsights.com/enquiry/queries/aerial-refueling-systems-market-105152
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner -
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
