Air-to-Air Refueling Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

PUBLISHED: August 3, 2024

PAGES: 250 Pages

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Description

The Global Air-to-Air Refueling Market was valued at USD 703.62 million in 2023. Projections indicate a growth trajectory, with an anticipated CAGR of over 10.5% from 2024 to 2032. This moderate market growth is largely fueled by technological advancements in refueling and escalating defense budgets.

Countries worldwide are ramping up military expenditures, aiming to enhance strategic capabilities and ensure operational readiness. A significant portion of this increased spending is funneled into advanced refueling systems. These systems are vital for sustaining extended air operations and ensuring the effectiveness of air fleets. As nations boost their defense budgets, they frequently acquire new aircraft and upgrade their existing fleet. This trend amplifies the significance of advanced air-to-air refueling technologies, which are essential for optimizing the operational range and agility of these assets.

Innovations in the air-to-air refueling domain are further transforming refueling systems, enhancing their efficiency and capabilities. From automated refueling mechanisms to advanced boom and hose designs and precision control systems, these innovations are redefining refueling operations. Modern systems, equipped with state-of-the-art avionics and sensors, guarantee accurate and safe refueling, even under challenging conditions.

The overall industry is divided into component, system, aircraft type, type, end-user, and region.

Market segmentation by system includes probe and drogue, boom refueling, and autonomous systems. Dominating the market, the probe and drogue segment is projected to surpass USD 650 million by 2032. The probe and drogue technique is a prevalent air-to-air refueling method. It utilizes a retractable probe on the receiving aircraft, connecting to a flexible hose and drogue system, which is deployed by the refueling aircraft. This system facilitates in-flight refueling across diverse aircraft types. Valued for its simplicity and versatility, it is a staple among NATO forces.

Market segmentation by aircraft type includes fixed-wing and rotary-wing categories. The fixed-wing segment is emerging as the fastest growing category, boasting a CAGR of over 9% from 2024 to 2032. The fixed-wing air-to-air refueling employs a structured approach, utilizing a boom that extends from the refueling aircraft to a receptacle on the receiving aircraft. This direct method ensures efficient refueling, especially beneficial for high-speed and long-duration missions.

North America led the global air-to-air refueling market by capturing over 36% share in 2023. The U.S. stands at the forefront, propelled by its advanced military capabilities and strategic imperatives. With advanced tankers like the Boeing KC-135 Stratotanker and KC-46 Pegasus, the U.S. Air Force not only leads the market but also sets global standards for air-to-air refueling. The U.S. military's emphasis on extending operational ranges and mission durations plays a pivotal role in shaping market trends and driving technological advancements. Additionally, U.S. defense contractors are at the helm of developing state-of-the-art refueling systems, with a keen focus on efficiency and compatibility across platforms.

Product Code: 10632

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increased defense budgets and military spending
  - 3.8.1.2 Rising demand for strategic air mobility
  - 3.8.1.3 Technological advancements in refueling systems
  - 3.8.1.4 Expansion of global military alliances
  - 3.8.1.5 Growing need for extended aircraft range
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High costs of refueling equipment development
  - 3.8.2.2 Regulatory and compliance issues across nations
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Component, 2021 - 2032 (USD Million)

5.1 Key trends
5.2 Pumps
5.3 Valves
5.4 Nozzles
5.5 Hoses
5.6 Boom
5.7 Probes
5.8 Fuel tanks
5.9 Pods
5.10 Others

Chapter 6 Market Estimates and Forecast, By System, 2021 - 2032 (USD Million)

6.1 Key trends
6.2 Probe and drogue
6.3 Boom refueling
6.4 Autonomous

Chapter 7 Market Estimates and Forecast, By Aircraft Type 2021 - 2032 (USD Million)

7.1 Key trends
7.2 Fixed wing
7.3 Rotary wing

Chapter 8 Market Estimates and Forecast, By Type 2021 - 2032 (USD Million)

8.1 Key trends
8.2 Manned
8.3 Unmanned

Chapter 9 Market Estimates and Forecast, By End-user, 2021 - 2032 (USD Million)

9.1 Key trends
9.2 OEM
9.3 Aftermarket

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 ANZ
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 UAE
- 10.6.2 South Africa
- 10.6.3 Saudi Arabia
- 10.6.4 Rest of MEA