Refueling pods will capture highest revenue share in the aerial refueling system market owing to their prominence in the entire system. The component is responsible for regulating the transfer rate of the fuel. Drogues will exhibit over 3.5% CAGR till 2024 due to high implementation of probe and drogue system around the world. Compatibility with helicopters has resulted in their extensive usage, further fueling the aerial refueling system market from drogues.
Participants in the aerial refueling system market are focusing towards conducting extensive R&D activities to overcome the challenges of intricate refueling procedures during harsh climate conditions. Regular technological advancements such as smart drogue system have gained prominence among the manufacturers. This system is connected to the existing hose that consistently controls the movements of the basket and is featured with sensors. It acts as an active buffer and leads to significant reduction in the basket movement. These innovations are anticipated to offer stable growth prospects to the industry players.
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Aerial refueling system market from probe and drogue is likely to showcase dominance with over 70% volume share by 2024. It offers better and passive tanker operations than the flying boom system. Moreover, it does not experience the requirement of precisely directing the drogue, unlike the counterpart. Provision of high fuel transferring rate in comparison with flying boom system will further propel the industry growth till 2024.
It is rather claimed that U.S. Navy’s fleet carrier force has no equivalent across the globe, the fundamental aspect that has aided aerial refueling system market progression in the country. Increasing prevalence of a multitude of variants of these systems such as C-160 NG, KC-130, and KC-135 along with substantial aircraft deliveries is likely to significantly contribute toward the regional industry growth. In fact, with U.S. the helm, North America aerial refueling system industry is forecast to procure nearly 50% of the global share by 2024. The country is also home for a host of renowned companies operating in aerial refueling system market including the likes of Boeing and Lockheed Martin.
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North America aerial refueling system market is likely to hold a major share, crossing 50% of the revenue share till 2024. Presence of established manufacturers along with prevalence of multiple alternates of these systems including KC-130, KC-135, etc. will primarily support the regional dominance. Increasing defense budget of U.S. will further contribute significantly towards the high revenue generation.
Some Point from Table of Contents:
Chapter 6 Aerial Refueling System Market, By System
6.1 Aerial refueling system industry share by system, 2016 & 2024
6.2 Probe and drogue
6.2.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Thousand)
6.2.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Thousand)
6.3 Flying boom
6.3.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Thousand)
6.3.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Thousand)
Chapter 7 Aerial Refueling System Market, By Distribution Channel
7.1 Aerial refueling system industry share by distribution channel, 2016 & 2024
7.2.1 Market estimates and forecast, 2013 – 2024, (USD Thousand)
7.2.2 Market estimates and forecast, by region, 2013 – 2024, (USD Thousand)
7.3.1 Market estimates and forecast, 2013 – 2024, (USD Thousand)
7.3.2 Market estimates and forecast, by region, 2013 – 2024, (USD Thousand)
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