Find additional highlights related to the growth of the market. Request a Sample Report!
The tanker aircraft market covers the following areas:
Tanker Aircraft Market Sizing
Tanker Aircraft Market Forecast
Tanker Aircraft Market Analysis
Driver and Challenge
The increase in combat aircraft procurement driving the tanker aircraft market growth. Most countries are focusing on improving their military capabilities. For instance, in February 2021, the F-35A aircraft was inducted into BAE Systems Australia's (BAESA) maintenance depot as part of the next major milestone in the Joint Strike Fighter Program. Moreover, 12 countries have committed to ordering the F-35 joint strike fighter aircraft either as formal partner nations or through foreign military sales. Thus, the demand for tanker aircraft will increase owing to the increased demand for refueling these combat aircraft, which will drive the growth of the market during the forecast period.
High installation and maintenance costs are challenging the tanker aircraft market growth. Air-to-air refueling is a strategic imperative for military aircraft groups. The high installation cost of aerial refueling systems prevents their adoption in many countries. For instance, the cost of manufacturing and installing the Multipoint Refueling System (MPRS) per aircraft is expected to range from USD 5 million to USD 6 million, with 6,000-7,000 labor hours. Such factors are expected to hinder the market growth during the forecast period.
Regional Analysis
North America will account for 42% of the market's growth during the forecast period. The ongoing research and development of advanced military aircraft platforms will drive the tanker aircraft market growth in North America during the forecast period. Market growth in this region will be faster than the growth of the market in Europe and South America. The US is the key country for the tanker aircraft market in North America. Key market players are Lockheed Martin Corp., Boeing Co., PJSC United Aircraft Corp., Bombardier Inc., NorthStar engineering Co., and others. The US Air Force is planning to replace approximately 30% of its aging fleet of KC-135 aerial refueling tankers. Currently, they have about 396 KC-135 aircraft in service in the region. In 2011, the Department of Defense (DOD) awarded the Boeing Company a contract worth about $ 35 billion to build and deliver 179 new KC-46A aerial refueling tankers.
Companies Mentioned
- Airbus SE
- BAE Systems Plc
- Cobham Plc
- Elbit Systems Ltd.
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corp.
- Marshall of Cambridge (Holdings) Ltd.
- Northrop Grumman Corp.
- Northstar
- Protankgrup
- Raytheon Technologies Corp.
- Rolls-Royce Plc
- Safran SA
- Serco Group Plc
- Thales Group
- The Boeing Co.
- United Aircraft Corp.
- Eaton Corp. Plc
Get lifetime access to our Technavio Insights. Subscribe to our "Basic Plan" billed annually at USD 5000.
Related Reports:
Commercial Aircraft In-Seat Power Supply System Market by End-user and Geography - Forecast and Analysis 2022-2026
Electric Aircraft Market by Technology and Geography - Forecast and Analysis 2022-2026
Tanker Aircraft Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.31% |
Market growth 2022-2026 |
USD 37.82 billion |
Market structure |
Concentrated |
YoY growth (%) |
6.97 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 42% |
Key consumer countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Airbus SE, BAE Systems Plc, Cobham Plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Marshall of Cambridge (Holdings) Ltd., Northrop Grumman Corp., Northstar, Protankgrup, Raytheon Technologies Corp., Rolls-Royce Plc, Safran SA, Serco Group Plc, Thales Group, The Boeing Co., United Aircraft Corp., and Eaton Corp. Plc |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Fixed wing - Market size and forecast 2021-2026
- Exhibit 28: Chart on Fixed wing - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Fixed wing - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Fixed wing - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Fixed wing - Year-over-year growth 2021-2026 (%)
- 5.4 Rotary wing - Market size and forecast 2021-2026
- Exhibit 32: Chart on Rotary wing - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Rotary wing - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Rotary wing - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Rotary wing - Year-over-year growth 2021-2026 (%)
- 5.5 UAV - Market size and forecast 2021-2026
- Exhibit 36: Chart on UAV - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on UAV - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on UAV - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on UAV - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by End-user
- Exhibit 40: Market opportunity by End-user ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 France - Market size and forecast 2021-2026
- Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.12 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Airbus SE
- Exhibit 93: Airbus SE - Overview
- Exhibit 94: Airbus SE - Business segments
- Exhibit 95: Airbus SE - Key news
- Exhibit 96: Airbus SE - Key offerings
- Exhibit 97: Airbus SE - Segment focus
- 10.4 BAE Systems Plc
- Exhibit 98: BAE Systems Plc - Overview
- Exhibit 99: BAE Systems Plc - Business segments
- Exhibit 100: BAE Systems Plc - Key offerings
- Exhibit 101: BAE Systems Plc - Segment focus
- 10.5 Cobham Plc
- Exhibit 102: Cobham Plc - Overview
- Exhibit 103: Cobham Plc - Product / Service
- Exhibit 104: Cobham Plc - Key offerings
- 10.6 Lockheed Martin Corp.
- Exhibit 105: Lockheed Martin Corp. - Overview
- Exhibit 106: Lockheed Martin Corp. - Business segments
- Exhibit 107: Lockheed Martin Corp. - Key news
- Exhibit 108: Lockheed Martin Corp. - Key offerings
- Exhibit 109: Lockheed Martin Corp. - Segment focus
- 10.7 Northrop Grumman Corp.
- Exhibit 110: Northrop Grumman Corp. - Overview
- Exhibit 111: Northrop Grumman Corp. - Business segments
- Exhibit 112: Northrop Grumman Corp. - Key news
- Exhibit 113: Northrop Grumman Corp. - Key offerings
- Exhibit 114: Northrop Grumman Corp. - Segment focus
- 10.8 Rolls-Royce Plc
- Exhibit 115: Rolls-Royce Plc - Overview
- Exhibit 116: Rolls-Royce Plc - Business segments
- Exhibit 117: Rolls-Royce Plc - Key offerings
- Exhibit 118: Rolls-Royce Plc - Segment focus
- 10.9 Serco Group Plc
- Exhibit 119: Serco Group Plc - Overview
- Exhibit 120: Serco Group Plc - Business segments
- Exhibit 121: Serco Group Plc - Key news
- Exhibit 122: Serco Group Plc - Key offerings
- Exhibit 123: Serco Group Plc - Segment focus
- 10.10 Thales Group
- Exhibit 124: Thales Group - Overview
- Exhibit 125: Thales Group - Business segments
- Exhibit 126: Thales Group - Key offerings
- Exhibit 127: Thales Group - Segment focus
- 10.11 The Boeing Co.
- Exhibit 128: The Boeing Co. - Overview
- Exhibit 129: The Boeing Co. - Business segments
- Exhibit 130: The Boeing Co. - Key news
- Exhibit 131: The Boeing Co. - Key offerings
- Exhibit 132: The Boeing Co. - Segment focus
- 10.12 United Aircraft Corp.
- Exhibit 133: United Aircraft Corp. - Overview
- Exhibit 134: United Aircraft Corp. - Product / Service
- Exhibit 135: United Aircraft Corp. - Key offerings
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources
- 11.5 List of abbreviations
- Exhibit 142: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article