Global Military Modernization Driving Demand in the Air-to-Air Refueling Market
The global Air-to-Air Refueling Market is experiencing robust growth, projected to increase from USD 619.26 million in 2022 to USD 995.23 million by 2027, at a compound annual growth rate (CAGR) of 10.0%. This growth is driven primarily by the increasing demand for overseas deployment of military aircraft, necessitating advanced refueling technologies to extend operational range and mission capabilities.
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Air-to-Air Refueling Market Value Expected to Reach $995.23 Million by 2027
The report “Air-to-Air Refueling Market by System (Probe & Drogue, Boom Refueling, Autonomous), Component (Pumps, Valves, Hoses, Boom, Probes, Fuel Tanks, Pods), Aircraft Type (Fixed, Rotary), Type (Manned, Unmanned), End User, and Region – Global Forecast to 2027″ The air-to-air refueling market is projected to grow from USD 619.26 Million in 2022 to USD 995.23 Million by 2027...
North America Region Witnessing the Highest Growth in Air-to-Air Refueling Market
The report “Air-to-Air Refueling Market by System (Probe & Drogue, Boom Refueling, Autonomous), Component (Pumps, Valves, Hoses, Boom, Probes, Fuel Tanks, Pods), Aircraft Type (Fixed, Rotary), Type (Manned, Unmanned), End User, Region – Global Forecast to 2025″, size is projected to grow from an estimated USD 501 million in 2020 to USD 851 million by 2025, at a CAGR of 11.2%...
Air-to-Air Refueling Market Opportunities and Challenges by 2025
The Air-to-Air Refueling Market is projected to grow from $537 million in 2019 to $692 million by 2025, at a CAGR of 4.3% during the forecast period. Increasing defense expenditure of countries is a major factor driving the growth of the air-to-air refueling market. The rise in defense spending and continuing technology advancements are expected to lead to the development of various high-tech...
Air-To-Air Refueling Market expected to reach $692 billion by 2025 at a CAGR of 4.3%
MarketsandMarkets
expects
the Global Air-to-Air
Refueling Market to grow from USD 537 million in 2019 to USD 692 million by 2025,
at a CAGR of 4.3% from 2019 to 2025. Factors, such as increasing defense
expenditure of countries and increase in the procurement of combat aircraft are
some of the major drivers for the market.
Air-to-air refueling is the
method of transferring fuel from one aircraft...