OEM segment is projected to hold a substantial revenue share in the aircraft refueling hose market with regard to advancements of new generation aircraft that have the capability to meet needs for long distance deployment. This propels the installation of refuelers in airplane for expanding operational reach.
Industry participants are also focusing on developing lightweight fueling hoses for easier assemblage along with improving safety to meet all stringent requirements. In December 2018, Lockheed Martin had signed an agreement with Airbus to provide authentic and advanced refueling services for the defense customers of U.S. Similar developments will certainly expand the production capacities and also fuel aircraft refueling hose market dynamics over the forecast period.
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Aircraft refueling hose market size is slated to witness exponential growth owing to the rising demand for military jets for special purpose missions coupled with exponential surge in deployment of aviation fleets globally. Numerous countries including U.S., India, China, and Japan are massively spending on defense budget to augment their military power.
Aircraft hoses are produced with utmost precision while keeping in mind the critical nature of their application. The ability of these systems to allow refueling on land as well as in mid-air has stimulated the market trends over the past decades. It is estimated that global aircraft refueling hose market size will be worth more than USD 2.5 billion by 2025.
Helicopters segment will exhibit substantial growth in the aircraft refueling hose industry with regard to growing prevalence for Helicopter In-Flight Refueling (HIFR) systems. The deployment of helicopters is widely seen in oil and gas industry for conducting rescue operations in remote locations and getting to offshore oil rigs.
Growing expansion of commercial airline fleets coupled with a high demand for lighter airplanes and enhanced fuel efficiency will certainly boost the industry size. Exponential surge in air passenger traffic and rising demand for low cost carriers is further encouraging the usage of refuellers for commercial air carriers.
Domestic airlines are directing rigorous efforts toward enhancing their flight network by adding advanced and new aircraft. Escalating aircraft fleets aid to increase the size of the airline’s network and will gradually boost aircraft refueling hose market trends. For instance, according to the Centre for Aviation (CAPA), in 2017 around 1,740 commercial air carriers were supplied, representing an increase of nearly 1.5% as compared to the former year.
On account of increasing demand for military aircraft along with a substantial increase in defense budget, North America aircraft refueling hose market size is slated to witness a notable growth at 3% CAGR between 2019-2025. Modern airports as well as consistent spending of local carriers on new planes as well as acquiring competitor assets will help expand their fleet.
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Demonstrating the significant of refuelers, in February 2016 during a flight, Boeing tanker KC-46 had carried out the successful fueling of F/A-18. Furthermore, advancements in the new refueling tanker system and deployment of several tankers with drogue and probe systems including the C-160 NG, KC-130, and KC-135 will strengthen aircraft refueling hose industry outlook over the forecasted timeline.
Aircraft refueling hose market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2013 to 2025, for the following segments:
- Military Aircraft
- Commercial Aircraft
By Distribution Channel
Some Points From Table Of Content: –
Chapter 5 Aircraft Refueling Hose Market, By Distribution Channel
5.1 Aircraft refueling hose market share by distribution channel, 2018 & 2025
5.2.1 Market estimates and forecast from OEM channel, 2013 – 2025, (Thousand Units) (USD Million)
5.2.2 Market estimates & forecast from OEM channel, by region, 2013-2025 (Thousand Units) (USD Million)
5.3.1 Market estimates and forecast from aftermarket, 2013 – 2025, (Thousand Units) (USD Million)
5.3.2 Market estimates & forecast from aftermarket, by region, 2013-2025 (Thousand Units) (USD Million)
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