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Global Aerial Refuelling System Market

Global Aerial Refuelling System Market is expected to reach 3.9 Billion by 2026 from 2.7 Billion in 2016 at CAGR of 3.75%. Global Aerial Refuelling System Market Aerial Refuelling System market is majorly segmented by the application, component, system, distribution channel and region wise. Based on application segment military aircraft is expected to dominate the global Aerial Refuelling System market in 2017. Extensive usage of this system by the military sector across the globe will primarily contribute towards the substantial revenue generation. The rising defense budget of various countries across the globe will further support the industry dominance. Aerial refueling system can be also segmented based on component where the drogues segment held highest market share. Manufacturers are extensively using probe and drogue system for aircraft refueling owing to its advantages. This has resulted in their high production, therefore positively impacting the market. Moreover, high usage in helicopters will further escalate the revenue generation over the next eight year as well. High acceptance from the military sector coupled with increasing defense budgets of various countries across the globe will primarily drive the industry growth. The high defense budget has resulted in a substantial demand for tanker aircraft, especially in developing countries, further impacting the industry positively. Demand for special purpose military jets has witnessed a considerable rise over the past years. Moreover, the emergence of multi-role aircraft tankers and their extensive usage owing to the benefits such as less fuel consumption will escalate the revenue generation. However, high incidences of accidents during refueling procedures may pose a challenge before the market participants. The downside of boom mechanism such as a high requirement of reducing the pressure while filling the combat aircraft will restrain the industry growth over the next eight years. Moreover, this mechanism is not compatible with the helicopters, therefore negatively impacting the industry penetration. Several market participants are involved in agreements and contracts with air force to enhance their visibility and gain a competitive edge. For instance, in 2011, Boeing signed a contract with U.S. air force to acquire 179 KC-46A tankers to prepare for the warfighter needs and re-capitalize its ageing fleet. The established industry participants are likely to respond to these emerging trends by offering long-term service support coupled with regular advancements for capturing new business opportunities. In terms of region, Aerial Refuelling System market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America held the highest market in 2017. Substantial aircraft deliveries coupled with the presence of multiple variants of refueling tankers such as KC-130, KC-135, C-160 NG, etc, especially in the U.S. will primarily contribute to the revenue generation. Moreover, the presence of established industry participants such as Lockheed Martin and Boeing will further support the regional dominance. The rising defense budget of the U.S. is another factor that is positively impacting the regional growth. In 2017, the defense budget of India was around USD 55 billion which monitored 7% rise from the previous year. Similarly, China’ defense budget rose by 7% in 2017 to USD 151 billion. This has strengthened the spending power of developing countries, inducing immense potential to the market till 2026. Key player across the aerial refueling system industry are Dassault Aviation, Eaton Corporation, Zodiac Aerospace, and Marshall Aerospace & Defense Group. The industry is likely to witness immense competition owing to the adoption of aggressive strategies including mergers & acquisitions, agreements, and new product development by the competitors to gain high visibility. For instance, in October 2017, Cobham entered into a long-term supply agreement with Icon Aerospace Technology for its in-flight refueling hoses across various aircraft platforms. In December 2017, Boeing introduced a self-flying aircraft for refueling the military aircraft in mid-air that was designed as a part of the competition held by U.S. Navy. This product development helped the company in capturing considerable market share in the market and expand its product portfolio. The Scope of the Aerial Refuelling System Market: Global Aerial Refuelling System Market, by Application: • Military Aircraft • Helicopters • Commercial Aircraft • UAV Global Aerial Refuelling System Market, by Component: • Refueling Pods • Refueling Probes • Drogues • Hoses • Boom Global Aerial Refuelling System Market, by System: • Probe and Drogue • Flying Boom Global Aerial Refuelling System Market, by Distribution Channel: • OEM • Aftermarket Global Aerial Refuelling System Market, by Geography: • North America • Europe • Asia-Pacific • Middle East & Africa • Latin America Key Players operating in the Aerial Refuelling System Market: • Cobham PLC • GE Aviation System • Boeing • Lockheed Martin Corporation • Dassault Aviation • Eaton Corporation • Zodiac Aerospace • Marshal Aerospace & Defense Group For more Imformation : This Report Is Submitted By @Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Lumawant Godage Organization: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India. Contact: +919607195908

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