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(Transportation-News.com, March 17, 2018 ) Increasing traveling activities of urban populations, for both business and pleasure, and decreasing cost of air-travel are some of the prime factors giving an impetus to the aviation industry. Due to the growth of aviation industry, there is an increased push for greater fuel efficiency which is driving demand for refueling aircraft market. In fact, the demand in the global refueling aircraft market will expand at a notable CAGR of 4.8% during the forecast period of 2017 to 2025, finds a new study added to the vast repository of Market Research Hub (MRH). The report is titled as “Refueling Aircraft Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” which offers major insights, analysis, and valuable guidance on the prospects of global refueling aircraft market. The report also incorporates imperative factors propelling the market expansion, untapped opportunities for key market participants, and trends & developments molding the market dynamics.
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Market Overview and Forecast Assumptions
In the initial section, the market overview of refueling aircraft has been explained which demonstrates the market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future status of this market. As per the recent findings, growing concerns about the incidences of oil spills as a result of to a faulty refueling equipment is driving the global refueling aircraft market. In addition to that, continuous advancements in the air to air refueling technique is expected to reflect positively in this market. According to the research key findings, the opportunities in global refueling aircraft market will translate into a revenue of US$12,868.7 mn by the end of 2025, noticeably up from its previous evaluation worth of US$8,146.0 mn in 2015.
One of the major parts of the study is geographical segmentation of refueling aircraft market. In terms of geography, North America has been emphasized as the most lucrative region, which is estimated to provide for a demand worth of US$5,529.3 mn by 2025.
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The refueling aircraft market has been further segmented on the basis of component, refueling medium, and aircraft type. On the basis of component, the market is categorized into aviation refueller, dispenser, refueling pods, probe & drogue, and others. By refueling medium, the market has been bifurcated into air to air (in-flight) refueling and tanking method. On the other hand, various aircraft types deliberated under this study includes commercial airplane, military airplane including combat aircraft and non-combat aircraft, and helicopters.
Moving further in the research study, the competitive landscape section features some of the top companies, their products and business strategies, and their standing in the global market. At present, key market participants are Lockheed Martin, Refuel International, Cobham Plc., Garsite LLC, Eaton Corporation, General Electric Aviation systems, Fluid Transfer International, and Marshal Aerospace & Defense Group. These leading market players hold a comparatively large market share. Other significant players in the market are also mentioned in the study which includes AFS Aviation Fuel Services GmbH, OMEGA Air Refueling, and Titan Aviation.
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