Global Air-to-Air Refueling Market to reach USD 1057.88 million by 2027.Global Air-to-Air Refueling Market is valued approximately USD 500 million in 2020 and is anticipated to grow with a healthy growth rate of more than 11.3 % over the forecast period 2021-2027. Aerial refueling, or refueling in the air, is the process of transferring fuel from one aircraft (the tanker) to another aircraft (the receiver). One use of aerial refueling is to extend the range for the receiver beyond what it could normally fly. Another purpose is to allow surveillance aircraft to fly for longer times without landing. The increase in military expenditure, technology advancement increase in combat aircraft procurement has led the adoption of air-to-air refueling across the forecast period. Increase in military expenditure because of geopolitical issues, territorial and border disputes, and the need to replace aging fleets with modern fourth- and fifth-generation fighter aircraft. For instance: As per STOCKHOLM INTERNATIONAL PEACE RESEARCH INSTITUTE (SIPRI) Total global military expenditure rose to $1981 billion in 2020, an increase of 2.6 per cent in real terms from 2019. The five biggest spenders in 2020, which together accounted for 62 per cent of global military expenditure, were the United States, China, India, Russia and the United Kingdom. However, high manufacturing, installation and maintenance costs impedes the growth of the market over the forecast period of 2021-2027. Also, with autonomous refuelling, the adoption & demand for air-to-air refueling is likely to increase.

Global Air-to-Air Refueling Market is segmented on the basis of geographical region as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the technology advancement and major defense equipment industry located in this region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rising military budget, territorial disputes between the nation would create profitable growth prospects for the Air-to-Air Refueling market across Asia-Pacific region.

Major market player included in this report are:
Cobham plc
Eaton corporation
Airbus
Boeing
Ge aviation
Parker hannifin corporation
Safran
Marshall aerospace and defence group
Israel aerospace industries
Bae systems

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Pumps
Valves
Nozzles
Hoses
Boom
Probes
Fuel tanks
Pods
By System:
Probe & drogue
Boom refueling
Autonomous
By Aircraft type:
Fixed wing
Rotary wing
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Air-to-Air Refueling Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors