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The Aerial Refueling Systems Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Aerial Refueling Systems is the increasing demand for Aerial Refueling Systems in various industries.
This report on the Aerial Refueling Systems Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Aerial Refueling Systems Market. The report intends to present a thorough analysis of the Aerial Refueling Systems Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Aerial Refueling Systems Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Aerial Refueling Systems Market are-
Cobham Plc.,
Eaton Corporation,
Safran S.A. (Zodiac Aerospace),
GE Aviation Systems,
Marshall Aerospace and Defense Group.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Aerial Refueling Systems Market value and growth drivers over the trend period of 2019-24. According to the report -
As per Stratview Research, the global aerial refueling systems market offers a healthy growth opportunity in the entire ecosystem and is likely to reach an estimated value of US$ 671.9 million in 2024. Increasing demand for tanker aircraft, owing to rising defense budgets in the developing economies and expected replacement of old tanker aircraft fleet of KC-135 in the USA, emergence of multirole aircraft tankers; increasing demand for long-run military jets for special purpose missions, and rising tanker fleet size are the major growth drivers for the aerial refueling systems market.
Segment Analysis:
Based on Aircraft Type:
The market is segmented based on the aircraft type as Combat Aircraft, Helicopter, and UAV. Combat aircraft is likely to remain the growth engine of the market during the forecast period. Increasing demand for combat aircraft, owing to rising tensions, and large aging combat aircraft fleet size and a greater need of multiple tanker aircraft for refueling are the major factors that are proliferating the demand for refueling systems in the segment. The UAV segment is likely to witness the highest growth during the forecast period, driven by increasing production of long-range UAVs.
Based on Region:
In terms of region, North America is expected to remain the largest aerial refueling systems market during the forecast period. The USA is likely to remain the growth engine of the North American market, propelled by high defense budget, large tanker aircraft fleet (KC-135), and expected replacement of old aircraft fleet with new KC-46 tanker aircraft in the coming years.
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