The global Air-to-Air Refueling (AAR) services market size reached USD 6.16 Billion in 2020 and is expected to register a revenue CAGR of 9.1% during the forecast period, according to latest analysis by Emergen Research. Rising need for aerial refueling to support overseas deployments which enables fighter jets and other aircraft to cover longer distances is a key factor expected to drive demand for aerial refueling services. Increased procurement of advanced fighter planes with newer more advanced technologies including better sensors that enable more efficient and accurate mid-air refueling has been resulting in increased demand to accomplish better surveillance and covering of a larger area. This is expected to support market revenue growth to a significant extent over the forecast period. Aerial refueling, also known as air refueling, In-Flight Refueling (IFR), Air-to-Air Refueling (AAR), enable pilots to fly longer distances without landing and refueling mid-air can extend the combat radius of pilots on more complex missions. Additionally, the advent of autonomous refueling systems is expected to drive further advancement in technologies and techniques to enhance docking capabilities and reduce dependency on skilled pilots as well as automate the process of refueling. These are some key factors expected to drive revenue growth of the market during the forecast period.
Factors influencing the growth of the Air-to-Air Refueling market and impacting the growth of the industry are studied extensively in the report. The report considers the COVID-19 pandemic as one of the key influencing factors of the Air-to-Air Refueling market. The report discusses in detail the positive and negative impact of the pandemic on the Air-to-Air Refueling industry. The supply chain disruptions and economic volatility have altered the dynamics of the Air-to-Air Refueling industry. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
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Competitive Outlook: The leading companies operating in the Air-to-Air Refueling market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Air-to-Air Refueling Market and Profiled in the Report are:
The Boeing Company, Airbus SAS, Cobham Ltd., Lockheed Martin Corporation, Omega Air Refueling Services Inc., Eaton Corporation plc, Marshall Aerospace and Defense Group, GE Aviation, Safran S.A., and Draken International, LLC
Objectives of the Report:
Study of the global Air-to-Air Refueling market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Air-to-Air Refueling market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Air-to-Air Refueling market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Air-to-Air Refueling market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
-
Type Outlook (Revenue, USD Billion; 2018–2028)
- Manned
- Unmanned
-
System Outlook (Revenue, USD Billion; 2018–2028)
- Probe and Drogue
- Boom Refueling
- Autonomous
-
Aircraft Outlook (Revenue, USD Billion; 2018–2028)
- Fixed Wing
- Fighter Aircraft
- Tanker Aircraft
- Military Transport
- Attack Helicopters
- Transport Helicopters
Regional Segmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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