The air-to-air refueling market size is projected to grow from an estimated USD 501 million in 2020 to USD 851 million by 2025, at a CAGR of 11.2% during the forecast period.
Increasing demand for air-to-air refueling systems to support overseas deployments, increased defense expenditure of countries, development of advanced aerial tankers, and increase in combat aircraft procurement are some of the key factors driving the growth in the air-to-air refueling market. The increasing demand for autonomous refueling is one of the lucrative opportunities for air-to-air refueling system providers during the forecast period.
The outbreak of COVID-19 and its resultant lockdowns and supply chain disruptions have adversely affected the aerospace and defense industry, with the suspension and delay of new defense procurement and maintenance projects. OEMs have been significantly affected due to restrictions and the temporary halts in production, while the impact on the aftermarket has been comparatively lower due to the basic maintenance and monitoring requirements of combat aircraft. For instance, in October 2020, the Boeing KC-46A Pegasus in-flight refueling tanker program reported a USD 67 million loss due to coronavirus disruptions resulting in production inefficiencies.
Based on end user, the aftermarket segment accounts for the largest market size during the forecast period
Based on end user, the air-to-air refueling market has been segmented into OEM and Aftermarket. The aftermarket segment is estimated to lead the air-to-air refueling market during the forecast period. The aftermarket companies offer complete maintenance, repair, and overhaul services. For example, damaged components of air-to-air refueling systems, such as hydraulic systems, fuel management systems, and safety systems, are considered for maintenance, repair, and overhaul. The aftermarket also offers repairing services for over-the-counter products in case hydraulic components such as pumps, couplings, and nozzles are damaged beyond repair.
Based on the aircraft type, the fixed wing segment is projected to grow at the highest CAGR during the forecast period
Based on aircraft type, fixed-wing segment is estimated to lead air-to-air refueling market during forecast period. A fixed wing aircraft attains flight using wings fixed to the fuselage to generate the necessary lift using the forward motion of the aircraft. The fixed wing aircraft segment is experiencing growth as it can be used for longer travel distances and have better aerodynamic structures than rotary wing aircraft. Fixed wing aircraft can also take flight in challenging conditions and environments.
North America is projected to grow at the highest CAGR during the forecast period.
North America is one of the leading markets for air-to-air refueling systems in terms of research and development activities, deployment, and the presence of key market players. The major countries under this region are the US and Canada. The US leads the air-to-air refueling market in North America. The military aviation sector in North America is growing steadily, consequently created a significant demand for air-to-air refueling systems. The presence of major players, OEMs, and component manufacturers are one of the key factors expected to boost the air-to-air refueling market in North America. The US is expected to drive the growth of the North American air-to-air refueling market. An increasing number of military aircraft upgrade programs, ongoing research and development of advanced military aircraft platforms, and the presence of major systems and components manufacturers are expected to lead to a surge in demand for air-to-air refueling systems in North America during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Air-to-Air Refueling Market 4.2 Air-to-Air Refueling Market, by System 4.3 Air-to-Air Refueling Market, by Aircraft Type 4.4 Air-to-Air Refueling Market for Aircraft Type, by Fixed Wing 4.5 Air-to-Air Refueling Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 220.127.116.11 Increasing Demand for Air-to-Air Refueling Systems to Support Overseas Deployments 18.104.22.168 Increased Defense Expenditure of Countries 22.214.171.124 Development of Advanced Aerial Tankers 126.96.36.199 Increase in Combat Aircraft Procurement 5.2.2 Opportunities 188.8.131.52 Autonomous Refueling 5.2.3 Challenges 184.108.40.206 High Installation and Maintenance Cost 5.3 Range/Scenarios 5.4 COVID-19 Impact on Air-to-Air Refueling Market 5.4.1 Realistic Scenario (Post-COVID-19) 5.4.2 Optimistic Scenario (Post-COVID-19) 5.4.3 Pessimistic Scenario (Post-COVID-19) 5.5 Trends/Disruptions Impacting Customers' Business 5.5.1 Revenue Shift and New Revenue Pockets for Air-to-Air Refueling Market 5.6 Market Ecosystem 5.6.1 Prominent Companies 5.6.2 Private and Small Enterprises 5.6.3 End-Users 5.7 Pricing Analysis 5.8 Value Chain Analysis 5.9 Regulatory Norms for Air-to-Air Refueling 5.10 Trade Data 5.10.1 Aircraft, Spacecraft, & Subassembly Export and Import Data, 2018-2019 5.11 Porter's Five Forces Model 5.12 Technology Analysis 5.12.1 Unmanned Aerial Refueling Vehicles 5.12.2 Aircraft Refueling Controls 5.13 Use Cases 5.13.1 Commercialization of Refueling Services 5.13.2 Focus of Us Navy Towards Development of Mq-25A Stingray Aerial Refueling Aircraft 5.13.3 Buddy Refueling Pods 5.14 Operational Data
7 Air-to-Air Refueling Market, by Component 7.1 Introduction 7.2 Pumps 7.2.1 Pumps are Majorly Used in Fuel Systems, Engines, and Hydraulic Systems 7.3 Valves 7.3.1 Improving Operational Efficiency of Valves Leads to Higher Reliability and Safety of Operations 7.4 Nozzles 7.4.1 Nozzles are Majorly Used to Control Aircraft Engine 7.5 Hoses 7.5.1 Hoses are Used for Probe & Drogue Refueling 7.6 Boom 7.6.1 Boom System is Primarily Used for Rapid Fuel Transfer 7.7 Probes 7.7.1 Probe Systems are Majorly Used for Fighter and Military Helicopters 7.8 Fuel Tanks 7.8.1 Fuel Tanks Increasingly Used in Environmental Control Systems and Engine Bleed Air Supply Systems 7.9 Pods 7.9.1 Wing Pods Enable Multi-Point Air-to-Air Refueling
8 Air-to-Air Refueling Market, by System 8.1 Introduction 8.2 Probe & Drogue 8.2.1 Probe & Drogue System Does Not Require Boom Operator 220.127.116.11 Multi-Point 18.104.22.168 Buddy 8.3 Boom Refueling 8.3.1 Boom Refueling System Reduces Time Required to Transfer Fuel from One Aircraft to Another 8.4 Autonomous 8.4.1 Increasing Use of Autonomous Refueling Systems for Mid-Air Refueling
9 Air-to-Air Refueling Market, by Aircraft Type 9.1 Introduction 9.2 Fixed Wing 9.2.1 Fighter Aircraft 22.214.171.124 Increasing Procurement of Fighter Aircraft due to Increasing Military Budgets 9.2.2 Tanker Aircraft 126.96.36.199 Tankers Majorly Used to Transfer Aviation Fuel from One Military Aircraft to Another 9.2.3 Military Transport Aircraft 188.8.131.52 Increasing Use of Transport Aircraft in Military Operations 9.2.4 UAVs 184.108.40.206 Increasing Production of Long-Range UAVs Expected to Drive Uav Market 9.3 Rotary Wing 9.3.1 Attack Helicopters 220.127.116.11 Attack Helicopters are Majorly Used for Reconnaissance and Security Operations 9.3.2 Transport Helicopters 18.104.22.168 Military Transport Helicopters are Majorly Used for Airlifting Troops & Weapons
10 Air-to-Air Refueling Market, by Type 10.1 Introduction 10.2 Manned 10.2.1 Pilot-Controlled Aircraft 10.3 Unmanned 10.3.1 Artificially Intelligent Aircraft
11 Air-to-Air Refueling Market, by End-user 11.1 Introduction 11.2 Impact of COVID-19 on End-user 11.2.1 Most Impacted End-user 11.2.2 Least Impacted End-user 11.3 Oem 11.4 Aftermarket
12 Regional Analysis
13 Competitive Landscape 13.1 Introduction 13.2 Ranking of Leading Players, 2020 13.3 Market Share Analysis of Leading Players, 2020 13.4 Revenue Analysis of Leading Market Players, 2019 13.5 Competitive Overview 13.6 Company Product Footprint Analysis 13.7 Company Evaluation Quadrant 13.7.1 Star 13.7.2 Emerging Leader 13.7.3 Pervasive 13.7.4 Participant 13.8 Competitive Scenario 13.8.1 Mergers & Acquisitions 13.8.2 New Product Developments 13.8.3 Contracts, Partnerships, & Agreements
14 Company Profiles 14.1 Introduction 14.2 Key Players 14.2.1 Cobham plc 14.2.2 Eaton Corporation 14.2.3 Airbus 14.2.4 Boeing 14.2.5 GE Aviation 14.3 Other Players 14.3.1 Parker Hannifin Corporation 14.3.2 Safran 14.3.3 Marshall Aerospace and Defence Group 14.3.4 Israel Aerospace Industries 14.3.5 Bae Systems 14.3.6 Draken International 14.3.7 Lockheed Martin Corporation 14.3.8 Raytheon Technologies Corporation 14.3.9 Rafaut Group 14.3.10 Elbit Systems Ltd. 14.3.11 Moog 14.3.12 Protankgrup 14.3.13 Esco Technologies 14.3.14 Northstar 14.3.15 Wittenstein Se