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Global Refueling Aircraft Market to reach USD 21.05 billion by the end of 2030

Global Refueling Aircraft Market Size study & Forecast, by Component (Aviation refueler, Dispenser, Refueling Pod, Probe & Drogue and Others), by Aircraft Type (Commercial Airplane, Military Airplane, Helicopter), by Refueling Medium (Air-to-Air Refueling, Tanking Method) and Regional Analysis, 2023-2030

Product Code: ALTAWT-27333049
Publish Date: 20-02-2024
Page: 200

Global Refueling Aircraft Market is valued at approximately USD 14.8 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 4.5% during the forecast period 2023-2030. 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 emergency situations, 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.

Aerial refueling is an important part of many military missions. Refueling planes are commonly used in the defense industry to extend the range of fighters, bombers, and other aircraft. Major governments around the world are making significant investments in military and defense capabilities. For instance, The US Department of Defense (DOD) invested USD 704.0 billion in the fiscal year 2020-2021, an increase over the previous year. Similarly, developing countries are making major investments in the military and defense sectors. For instance, Japan has declared intentions to invest more than USD 51.0 billion in the military and defense sectors in the fiscal year 2021. In addition,, aviation industry is a major contributor to greenhouse gas emissions, accounting for around 2% of global emissions. As environmental concerns rise, sustainable aviation fuels (SAF) are emerging as a game-changer, presenting lucrative market opportunities for firms across the refueling market. SAF can significantly reduce lifecycle carbon emissions compared to traditional jet fuel, often by up to 80%. This aligns with airlines’ and airports’ sustainability goals, enhancing their brand image and attracting environmentally conscious customers. For instance, according to a report by the International Air Transport Association, Airlines are increasingly looking for ways to reduce their carbon footprint, including the use of Sustainable Aviation Fuels (SAF) in their operations. However, factors such as stringent safety regulations and complex integration with advanced aircraft propulsions hampers the market growth throughout the forecast period 2023-2030.

The key regions considered for the Global Refueling Aircraft Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as a rise in the military & defence sector, the geographical presence of leading companies such as Eaton Corporation, GE Aviation and Lockheed Martin and a surge in technological developments for various military uses. Asia Pacific is expected to grow significantly over the forecast period, owing to factors such as a rise in defense expenditure by various nations in the region, the development of advanced aerospace technologies, the establishment of premier technology institutions such as IITs.

Major market player included in this report are:
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.
Northrop Grumman Corporation
The Boeing Company

Recent Developments in the Market:
Ø In February 2023, Stratom and Imenco formed a strategic cooperation to provide high-quality robotic refueling systems to a global customer base. This relationship grants access to established, cutting-edge solutions that ensure the safe and long-term implementation of autonomous refueling in a variety of sectors, including industrial, aviation, defense, and offshore. The alliance sought to increase company value by providing dependable and innovative autonomous refueling solutions.
Ø In January 2024, ZeroAvia and Verne signed a Memorandum of Understanding (MoU) to jointly examine the feasibility of using CcH2 as onboard aeroplane fuel. Furthermore, they intend to investigate CcH2 refueling methods using sources such as Gaseous Hydrogen (GH2) and Liquid Hydrogen (LH2).
Ø In February 2023, Boeing has acquired agreements to purchase 5.6 million gallons (21.2 million liters) of blended sustainable aviation fuel (SAF) from Neste, the world’s largest producer of SAF. This contract is intended to support Boeing’s commercial operations in the United States through 2023. These deals represent a huge increase, doubling the company’s SAF purchase from the previous year.
Global Refueling Aircraft Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Aircraft Type, Refueling Medium, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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 years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential 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:
Aviation Refueler
Refueling Pod
Probe & Drogue

By Aircraft Type:
Military Airplane

By Refueling Medium:
Air-to-Air Refueling
Tanking Method

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Refueling Aircraft Market, by Region, 2020-2030 (USD Billion)
1.2.2. Refueling Aircraft Market, by Component, 2020-2030 (USD Billion)
1.2.3. Refueling Aircraft Market, by Aircraft Type, 2020-2030 (USD Billion)
1.2.4. Refueling Aircraft Market, by Refueling Medium, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Refueling Aircraft Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Refueling Aircraft Market Dynamics
3.1. Refueling Aircraft Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rise in defense expenditure by governments worldwide Surging technological advancements Rising geopolitical tensions between various nations
3.1.2. Market Challenges Stringent safety regulations Complex integration with advanced aircraft propulsions
3.1.3. Market Opportunities Rising focus on sustainable aviation fuels Surging aeronautical advancements in emerging countries
Chapter 4. Global Refueling Aircraft Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Refueling Aircraft Market, by Component
5.1. Market Snapshot
5.2. Global Refueling Aircraft Market by Component, Performance – Potential Analysis
5.3. Global Refueling Aircraft Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Refueling Aircraft Market, Sub Segment Analysis
5.4.1. Aviation Refueler
5.4.2. Dispenser
5.4.3. Refueling Pod
5.4.4. Probe & Drogue
5.4.5. Others

Chapter 6. Global Refueling Aircraft Market, by Aircraft Type
6.1. Market Snapshot
6.2. Global Refueling Aircraft Market by Aircraft Type, Performance – Potential Analysis
6.3. Global Refueling Aircraft Market Estimates & Forecasts by Aircraft Type 2020-2030 (USD Billion)
6.4. Refueling Aircraft Market, Sub Segment Analysis
6.4.1. Commercial
6.4.2. Military Airplane
6.4.3. Helicopter
Chapter 7. Global Refueling Aircraft Market, by Refueling Medium
7.1. Market Snapshot
7.2. Global Refueling Aircraft Market by Refueling Medium, Performance – Potential Analysis
7.3. Global Refueling Aircraft Market Estimates & Forecasts by Refueling Medium 2020-2030 (USD Billion)
7.4. Refueling Aircraft Market, Sub Segment Analysis
7.4.1. Air-to-Air Refueling
7.4.2. Tanking Method

Chapter 8. Global Refueling Aircraft Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Refueling Aircraft Market, Regional Market Snapshot
8.4. North America Refueling Aircraft Market
8.4.1. U.S. Refueling Aircraft Market Component breakdown estimates & forecasts, 2020-2030 Aircraft Type breakdown estimates & forecasts, 2020-2030 Refueling Medium breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Refueling Aircraft Market
8.5. Europe Refueling Aircraft Market Snapshot
8.5.1. U.K. Refueling Aircraft Market
8.5.2. Germany Refueling Aircraft Market
8.5.3. France Refueling Aircraft Market
8.5.4. Spain Refueling Aircraft Market
8.5.5. Italy Refueling Aircraft Market
8.5.6. Rest of Europe Refueling Aircraft Market
8.6. Asia-Pacific Refueling Aircraft Market Snapshot
8.6.1. China Refueling Aircraft Market
8.6.2. India Refueling Aircraft Market
8.6.3. Japan Refueling Aircraft Market
8.6.4. Australia Refueling Aircraft Market
8.6.5. South Korea Refueling Aircraft Market
8.6.6. Rest of Asia Pacific Refueling Aircraft Market
8.7. Latin America Refueling Aircraft Market Snapshot
8.7.1. Brazil Refueling Aircraft Market
8.7.2. Mexico Refueling Aircraft Market
8.8. Middle East & Africa Refueling Aircraft Market
8.8.1. Saudi Arabia Refueling Aircraft Market
8.8.2. South Africa Refueling Aircraft Market
8.8.3. Rest of Middle East & Africa Refueling Aircraft Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Lockheed Martin Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Eaton Corporation
9.3.3. OMEGA Air Refuelling Services Inc.
9.3.4. AFS Aviation Fuel Services GmbH
9.3.5. General Electric (GE) Aerospace
9.3.6. Marshal Group
9.3.7. Garsite LLC
9.3.8. Cobham Ltd.
9.3.9. Northrop Grumman Corporation
9.3.10. The Boeing Company
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
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The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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