Refueling Aircraft Market: Global Outlook of Industry and Forecast (2023-2029)

Refueling Aircraft Market size was valued at US$ 5.16 Bn. in 2022. Refueling Aircraft will encourage a great deal of transformation in the Aerospace and Defence Industry.
Refueling Aircraft Market Overview:
The aviation industry is currently booming across the globe as a result of an increase in urban populations' traveling activities, both for business and pleasure, and a decrease in the cost of air travel. As a result, various parts of the broader aviation business, such as the market for refueling aeroplanes, are gaining pace as a viable remedy to oil spills caused by faulty refueling equipment. In addition, aircraft fuel economy is generally low, making a strong rationale for maintaining a steady fuel supply for aviation providers. According to this business and commerce analysis, demand for refueling aeroplanes in the global market is expected to grow at a significant CAGR of 4.7% from 2023 to 2029.To know about the Research Methodology :- Request Free Sample Report
Refueling Aircraft Market Dynamics:
Aerial Refueling Gaining Adoption across the Globe:

The market has been divided into the air to air (in-flight) refueling and tanking methods by refueling medium. The flying boom method, probe and drogue method, and others are being investigated in the air to air refueling segment. Commercial aeroplanes, military aeroplanes, and helicopters are among the aircraft types examined in this report. The demand for the boom method of aerial refueling is expected to increase significantly over the forecast period. This is due to the rising popularity of fly-by-wire (FBW) boom systems, which are becoming more popular because to their small weight and improved control capability. The non-combat aircraft market, among the numerous aircraft types, is expected to have a bright outlook through the forecast period.

Refueling Aircraft Market to Benefit from Rising Defense Budgets across the Globe:

Aerial refueling is the process of transferring aviation fuel from one aircraft to another while both are in flight modes. The aircraft, which provides the fuel is referred to as a tanker, while the aircraft that receives it is referred to as a receiver. Progue-and-drogue and flying boom are the two basic techniques used for aerial refueling. The former is faster than the latter, but it demands the use of a certain type of boom operator station. The growing importance of this method is expected to fuel growth in the refueling aircraft market.

Tanker aircraft demand is expected to grow in harmony with rising defense spending in emerging and developing countries, boosting the refueling aircraft market's development across the globe through the forecast period. Refueling has become more of a key mission element as the frequency of missions far from ground installations has increased. As more innovative techniques for enhancing aircraft range and endurance are employed, the refueling aircraft industry is expected to grow.



Some of the key factors augmenting the demand in the global refueling aircraft market are strict international safety regulations, which are implemented for the aviation industry, the ongoing need to achieve greater fuel efficiencies, recent advancements in the pertaining technologies that can ensure dependency, and an increasing number of air travelers.

Aviation Emissions Declined Significantly In 2022:

CO2 emissions from aircraft dropped by one-third from the 2019 level in the aftermath of the pandemic to just over 600 Mt in 2020, the lowest level since 1997, after quickly increasing over the previous two decades. Despite this historic decrease, passenger and cargo volumes are expected to increase in the next decades. In the past, lowering energy intensity was inadequate to counteract such activity development. From 2029 onwards, a variety of operational, technical, and behavioral solutions will be required to reduce emissions to a little over 780 MtCO2 by 2030 and roughly 470 MtCO2 by 2040, as per the Net Zero Emissions pathway. Promoting efficiency, controlling investment risks for scaling up sustainable fuels, and finding alternatives to jet kerosene, such as battery-electric and hydrogen-powered aircraft, are among the top priorities.

Recent Market Technological Trends in Aircraft Refueling Market:

In combat operations, military transport and refueling planes are crucial. They perform a variety of mission-critical tasks, such as transporting personnel, weapons, and other military equipment to improvised runways in dangerous places and performing multi-role missions like aerial refueling, data collection, and rescue missions. Aerial refueling technology has advanced dramatically in recent years, from remote vision systems to drones. It has the potential to have a long-term impact on the future of military aviation if it is mastered.

To begin, the automatic refueling system has the air tanker's air refueling operator approach and track the receiver as usual. This location is then established with the use of cutting-edge passive techniques like image processing. A fully automated flight control system directs the boom towards the receiver's receptacle when the automated system is triggered. To make contact with the telescopic beam inside the boom, the ARO, relative distance-keeping mode, or full auto mode are used. The imaging technology that underpins the automated AAR technique was first used by Airbus' Space division to develop satellite refueling and debris removal systems. The Incubator Laboratory of Airbus Defense and Space proceeded to develop and apply it for the tanking application as well.

Remote vision systems are another technology that has been integrated into recent integrations onboard aeroplane refueling probes. The RVS is a set of cameras, sensors, and software that is designed to allow boom operators to safely drive the boom onto the aircraft in need of fuel while sitting inside the plane. However, in some circumstances, the technology creates distorted vision, increasing the likelihood of the boom colliding with another aircraft.
Refueling Aircraft Market Segmentation:
Based on the Component segment, the Refueling Aircraft Market is divided into Aviation Refuellers, Dispenser, Refueling Pods, and Probe and Drogue. Because of the growing need for fighter aircraft that give a greater performance during the transferring operation, the pod segment retained the biggest market share in 2022. The refueling pod provides stability in the air for flying aircraft and receivers while transferring significant amounts of fuel. The refuelling probe segment is expected to increase at a high rate at a CAGR of 4.8% through the forecast period. The growth is attributed to the rising demand for new generation aeroplanes with integrated refueling probe systems. The increased demand is attributed to qualities such as ease of maintenance, low acquisition costs, and refueling convenience, among others.

Based on Application, the Refueling Aircraft Market is segmented into Commercial Airplane, Military Airplane, and Helicopters. The Military Airplane segment held the largest market share accounting for 59% in 2022. The segment growth is attributed to the use of air to air refueling technologies to extend the range of defense missions and enable them to fly farther than they could otherwise. In strategic missions and aerial confrontations, in-flight refueling is critical. Several countries are expanding their tanker fleets in order to bolster their air forces.

Thanks to the growing popularity of Helicopter In-Flight Refueling systems, helicopters are expected to see significant growth in the refueling aircraft market. The tourism industry's growth is contributing significantly to the need for helicopters. In addition, helicopters are employed in a variety of industries, including oil and gas and mining, and the installation of refueling hoses for better dependability and fuel flow assurance is expected to drive the refueling aircraft market forward.
Refueling Aircraft Market Regional Insights:
The Europe region held the largest market share accounting for 34% in 2022. The region’s growth is attributed to the region's continued investment in air refueling system technology improvement. The Asia Pacific aviation refueling market is expected to grow at a rapid pace with a CAGR of 4.7% through the forecast period. The increase in the number of air travelers in the region is driving the market growth. Strong economic growth, increased industrial investment, and rising standards of living are some of the primary reasons driving demand for air travel in the Asia Pacific, particularly in the region's developing economies. In addition, rising defense budgets in nations like China, Japan, and India are expected to propel the regional industry forward. North America is also expected to hold a significant share of the market, due to the presence of multinational companies throughout the region.

The objective of the report is to present a comprehensive analysis of the Refueling Aircraft Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Refueling Aircraft Market dynamics, and structure by analyzing the market segments and projecting the Refueling Aircraft Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Refueling Aircraft Market make the report investor’s guide.
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Refueling Aircraft Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 5.16 Bn.


Forecast Period 2023 to 2029 CAGR:
4.7%
Market Size in 2029:
US $ 7.11 Bn.


 Segments Covered:
by Component
• Aviation Refueller
o 7000-25,000 liter Aviation Refueller
o 25,001-50,000 liter Aviation Refueller
• Dispenser
o Hydrant Dispenser
o Mini Hydrant Dispenser
o Others
• Refueling Pods
• Probe and Drogue


by Refueling Medium
• Air to Air Refueling
o Flying boom Method
o Probe and Drogue Method
o Others
• Tanking Method


by Application
• Commercial Airplane
• Military Airplane
o Combat Aircraft
o Non-combat Aircraft
• Helicopters



Refueling Aircraft Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Refueling Aircraft Market Key Players
• Eaton Corporation
• GE Aviation
• Parker Hannifin Corporation
• Rafaut Group
• Safran
• United Technologies Corporation
• Israel Aerospace Industries
• Airbus
• BAE Systems
• Cobham PLC
• Draken International
• Fluid Transfer International
• OMEGA Air Refuelling
• AFS Aviation Fuel Services GmbH
• Garsite LLC.
• Lockheed Martin Corporation
• Marshall Aerospace and Defence Group
• Lockheed Martin
• Titan Aviation
• Marshal Aerospace and Defense Group
• Refuel International
• Cobham Plc.

Frequently Asked Questions:

1. Which region has the largest share in Global Refueling Aircraft Market?
Ans: Europe region held the highest share in 2022.

2. What is the growth rate of Global Refueling Aircraft Market?
Ans: The Global Refueling Aircraft Market is growing at a CAGR of 4.7% during forecasting period 2023-2029.

3. What is scope of the Global Refueling Aircraft Market report?
Ans: Global Refueling Aircraft Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Refueling Aircraft Market?
Ans: The important key players in the Global Refueling Aircraft Market are – Eaton Corporation, GE Aviation, Parker Hannifin Corporation, Rafaut Group, Safran, United Technologies Corporation, Israel Aerospace Industries, Airbus, BAE Systems, Cobham PLC, Draken International, Fluid Transfer International, OMEGA Air Refuelling, AFS Aviation Fuel Services GmbH, Garsite LLC., Lockheed Martin Corporation, Marshall Aerospace and Defence Group, Lockheed Martin, Titan Aviation, Marshal Aerospace and Defense Group, Refuel International, Cobham Plc.

5. What is the study period of this Market?
Ans: The Global Refueling Aircraft Market is studied from 2022 to 2029.