Latest News - Military Aerial Refueling Tanker Market: Probe-and-drogue is expected to lead the Technology segment during 2024-2028

The Military Aerial Refueling Tanker Market is being driven by Joint development/acquisition approach

The Military Aerial Refueling Tanker Market is expected to grow at a CAGR of 7.01% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4218.1 million. In the global military landscape, the necessity for extended flight durations and enhanced aerial refueling capabilities has gained significant importance, particularly among nations aiming to bolster their integrated air defense systems. The US, Russia, and China are leading this trend, modernizing their fighter aircraft fleets to counteract advanced anti-access offensive weapon systems, such as cruise and ballistic missiles. China, in response to perceived threats from the US and its allies, has been investing in a multi-layered air defense network. This includes the acquisition of advanced platforms like the Xian H-6K, an updated variant of China's medium-range bomber, which is capable of long-range attacks and standoff strikes. These developments underscore the growing significance of military aerial refueling tankers in ensuring extended operational reach and mission success. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Probe-and-drogue
  • Boom-and-receptacle
• Type
  • Manned
  • Unmanned
• Geography
  • North America
    • US
  • APAC
    • China
    • India
  • Europe
    • France
    • UK
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Joint development/acquisition approach
• Shift toward next-generation long-range strike platform
• Measured quantity of fuel onboard to optimize performance

However, the market also witnesses some limitations, which are as follows:

• Design and development-related constraints
• Economic viability of operating aircraft tanker
• Development of unmanned jet tanker

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Market Scope in Military Aerial Refueling Tanker Market Research Report

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Research Analysis Overview

The Military Aerial Refueling Tanker market is a critical segment of the global aerospace industry, supplying defense forces with the capability to extend the operational capabilities of their fixed wing and rotary wing aircraft during military operations, strategic deployments, and overseas missions. Autonomous refueling technologies are gaining traction in this market, offering faster and more efficient refueling methods for manned and unmanned aircraft. Two primary refueling methods dominate the market: boom refueling and probe and drogue. Boom refueling systems, such as those used in KC-135 aircraft, enable rapid deployment and can transfer fuel to larger aircraft like bombers and fighter jets. Drogue systems and probe and drogue methods are commonly used for refueling rotary wing aircraft. Military modernization efforts continue to drive demand for advanced aerial refueling tankers, as defense forces seek to maintain operational readiness and extend the range and endurance of their aircraft fleets. Flying boom systems and strategic airlift capabilities are also essential components of military aerial refueling tankers, enabling the transfer of fuel in mid-air and supporting various military missions.

Market Research Overview

The global aerospace and defense industry encompasses various sectors, including the production of commercial and general aviation aerial platforms, defense platforms for naval, land, and air applications, arms and ammunition, defense electronics, logistics equipment, and space platforms, equipment, and launch vehicles. Additionally, this market includes maintenance, repair, and overhaul (MRO) services for both commercial and defense sectors. According to Technavio, the global capital goods market size is determined by the consolidated revenue generated by manufacturers and providers for industries such as aerospace and defense, building and construction, electrical equipment, industrial conglomerates, machinery, trading companies, and distributors. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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