The global aerial refueling system market size is expected to reach USD 743.8 million by 2028, exhibiting a CAGR of 4.53% during the forecast period. The increasing development of innovative and lightweight military aircrafts such as bombers, fighter jets, and unmanned systems will have a tremendous impact on the aerial refueling system market growth during the forecast period, states Fortune Business Insights, in a report, titled “Aerial refueling system Market Size, Share, Growth and Forecast 2021-2028.” The market size stood at USD 535.8 Million in 2020.

The Report Lists the Key Companies in the Aerial refueling system Market:

• Airbus S.A.S (Netherlands)
• Cobham Plc (UK)
• GE Aviation (U.S.)
• Lockheed Martin Corporation (U.S.)
• Boeing (The U.S.)
• Eaton Corporation (The U.S.)
• Safran S.A. (France)
• Israel Aerospace Industries (Israel)
• Marshal Aerospace & Defence Group (The UK)
• Parker Hannifin (The U.S.)

Information Source:

https://www.fortunebusinessinsights.com/aerial-refueling-systems-market-105152

Market Segments:

Autonomous Segment is Expected to Dominate Market

Based on the application, the market is classified into probe & drogue, flying boom, and autonomous. The flying boom segment is likely to be the largest segment. Increasing defense expenditure and procurement of fighter aircraft for the various military operations is expected to drive segment’s growth. The autonomous segment is expected to experience the highest growth during the forecast period owing to the increasing demand for automatic fuel transfer systems.

Based on the application, the market is divided into commercial aircraft, helicopters, military aircraft, and unmanned aerial vehicles (UAV). The military segment is predicted to hold a significant share during the forecast period.