With the emergence and long-term Impact of COVID-19, Global Refueling Aircraft Market to reach USD 21.05 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Refueling Aircraft Market is poised to raise up to USD 21.05 Billion by 2030. Tanker aircraft, also known as Refueling Aircraft are capable of transferring fuel to an aircraft while it is parked at an airport (ground refueling) or in flight (air-to-air refueling). They let airplanes to stay in the air longer without having to land for fuel, increasing their endurance and range.
Modern refueling aircraft use many systems to transfer gasoline without leaks. Air refueling saves time in emergencies, which is critical for many fighter planes. The Refueling Aircraft Market is expanding because of factors such as rising expenditure in defense by governments worldwide, surging technological advancements and rising geopolitical tensions between various nations.
Geographically, the global Refueling Aircraft market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America is projected to have the largest revenue market share during the forecast period due to rising continuous innovation in Refueling Aircraft products, growing demand for functional meals, and rising awareness of the benefits of fiber for health are the main major factors responsible for the region’s domination.
In terms of sales, Asia Pacific is the most lucrative and fastest developing region for Refueling Aircraft due to r increased consumer expenditure on health items and shifting attitudes among customers regarding digestive health. Additionally, the demand for Refueling Aircraft is being boosted by the rising need for low-sugar goods and the increased demand for nutraceutical items in the region.
The global Refueling Aircraft market is highly competitive owing to the presence of several key market players such as Lockheed Martin Corporation, Eaton Corporation, OMEGA Air Refuelling Services Inc., AFS Aviation Fuel Services GmbH, General Electric (GE) Aerospace, Marshal Group, Garsite LLC, Cobham Ltd., and others.
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Key findings of the study suggest:
- Global Refueling Aircraft Market is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2023-2030.
- In the Component segment, Aviation refueler emerged out as the leading market segment in 2022.
- In the Aircraft Type, Military Airplane emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth have the largest revenue market share during the forecast period due to rising continuous innovation in Refueling Aircraft products, growing demand for functional meals, and rising awareness of the benefits of fiber for health are the main major factors responsible for the region’s domination.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Component:
- Aviation Refueler
- Dispenser
- Refueling Pod
- Probe & Drogue
- Others
Aircraft Type:
- Commercial
- Military Airplane
- Helicopter
Refueling Medium:
- Air-to-Air Refueling
- Tanking Method
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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