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The aerial refueling system manufacturers are working on overcoming the potential issues in air tanker refueling including operational benefit and potential cost. The service providers are continuously increasing the number of hoses in refueling system to ensure effective use of refueling asset and interoperability. Such initiatives will propel industry growth.
The key industry participants include
The industry share of aerial refueling systems is expected to grow at over 4% CAGR from 2020 to 2026.
The key industry participants include Lockheed Martin, Boeing, Cobham Plc, Zodiac Aerospace, Eaton Corporation, GE Aviation System, Engineering Corporation, Northstar and Omega Aerial Refueling Services, lnc.
According to Global Market Insights, Inc., North America accounted for over 50% market share in 2019 owing to presence of the largest refueling fleets.
According to the analysts at GMI, probe & drogue systems will register gains of around 3.5% between 2020 and 2026 due to the flexibility they provide.
The market size of aerial refueling systems was valued at USD 4.3 million in 2019.