Aerial Refueling System Market growth during 2020 - 2024 to be fostered by rising defense expenditure
Category: #business  By Ronak Bora  Date: 2020-01-13
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Aerial Refueling System Market growth during 2020 - 2024 to be fostered by rising defense expenditure

Aerial refueling system market trends will be driven by increasing investments in aircraft across the defense sector. The key feature of aerial refueling method is that it enables the fighter-bombers to take off with heavy load and relatively lesser fuel. Such a tanking process helps fighter jets in carrying a larger number of ammunitions.

The military air forces are highly dependent on aerial refueling as aircraft such as helicopters do not have much higher fuel carrying capacity. Governments in various countries allot massive budgets for the defense sector which will further prove to be a major factor driving aerial refueling system market forecast.

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For instance, the president of the U.S. had signed a $1.3 trillion spending bill in the year 2018 that included a major inflow of USD 160 billion for the defense sector. India, on the other hand, had allocated about $47.69 billion for defense which amounts to 31.97% of the overall Central government capital expenditure. The Center has allocated around $5.54 billion for the Indian Airforce.

India has been planning to develop its regional resources with the ongoing bilateral tensions with neighboring nations. The country intends to spend around $130 billion on the modernization of its defense industry over the coming years. The annual turnover in the defense and aerospace sector by the private sector during the year 2018 to 2019 accounted for $2.4 billion.

Heavy emphasis on research and development activities have also been given to multiple countries that could further improve the tanking technology and eliminate challenges associated with the aerial refueling during unfavorable weather conditions. Consistent demand for new military aircraft worldwide will bolster aerial refueling system market size.

The probe and drogue system provides a decent function in multiengine airplanes as it is simpler, cheaper and more flexible compared to the flying boom that shall help accelerate its adoption. Tankers that employ this refueling system are capable of employing two such mechanisms as well as refuel two aircraft simultaneously. A single probe and drogue is capable of transferring between 1,500 to 2,000 lbs of fuel per minute.

In U.S., the system is majorly used by Air Force helicopters, Marine Corps and Navy aircraft as well as some NATO countries and their allies. The probe and drogue systems can be easily fitted to the refueling aircraft including other fighter planes and helicopters, while large aircraft can have several drogues.

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The European Union owns over 1,700 military helicopters of about 22 different types. Owing to a lack of proper training, authorities across the European Union have been focusing on training to enhance their helicopter capability as well as increase production over time. This will have a direct influence over aerial refueling system market.

Deployment of helicopters have been on a steady rise on account of their extensive role in improving national security, enhancing resilience, adding a substantial economic value in a nation’s collective wealth. Helicopters have been increasingly adopting aerial refueling systems as they have considerably low fuel carrying capacity in comparison with the commercial aircraft.

Rising improvements in technology, processes as well as training have been widening the existing broad range of helicopter functions efficiently. With an increased focus on the research and development of aerial refueling systems, there will be an increase in the demand for the same for helicopters.

Some Points From Table Of Content: -

Chapter 4 Aerial Refueling System Market, By Application

4.1 Aerial refueling system market share by application, 2016 & 2024

4.2 Military aircraft

4.2.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Thousand)

4.2.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Thousand)

4.3 Helicopters

4.3.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Thousand)

4.3.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Thousand)

4.4 Commercial aircraft

4.4.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Thousand)

4.4.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Thousand)

4.5 UAV

4.5.1 Market estimates and forecast, 2013 – 2024, (Units) (USD Thousand)

4.5.2 Market estimates and forecast, by region, 2013 – 2024, (Units) (USD Thousand)

Chapter 5 Aerial Refueling System Market, By Component

5.1 Aerial refueling system market share by component, 2016 & 2024

5.2 Refueling pods

5.2.1 Market estimates and forecast, 2013 – 2024, (USD Thousand)

5.2.2 Market estimates and forecast, by region, 2013 – 2024, (USD Thousand)

5.3 Refueling probes

5.3.1 Market estimates and forecast, 2013 – 2024, (USD Thousand)

5.3.2 Market estimates and forecast, by region, 2013 – 2024, (USD Thousand)

5.4 Drogues

5.4.1 Market estimates and forecast, 2013 – 2024, (USD Thousand)

5.4.2 Market estimates and forecast, by region, 2013 – 2024, (USD Thousand)

5.5 Hoses

5.5.1 Market estimates and forecast, 2013 – 2024, (USD Thousand)

5.5.2 Market estimates and forecast, by region, 2013 – 2024, (USD Thousand)

5.6 Boom

5.6.1 Market estimates and forecast, 2013 – 2024, (USD Thousand)

5.6.2 Market estimates and forecast, by region, 2013 – 2024, (USD Thousand)

Browse Complete Table of Content @ http://decresearch.com/toc/detail/aerial-refueling-systems-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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