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Tanker Aircraft Market by Type (Manned and Unmanned), System (Probe & Drogue, Boom Refueling and Autonomous), Aircraft Type (Fixed Wing, Fighter Aircraft, Tanker Aircraft, Military Transport, Unmanned Aerial Vehicles (UAVs), Rotary Wing, Attack Helicopters and Transport Helicopters), Component (Pumps, Valves, Nozzles, Hoses, Booms, Probes, Fuel Tanks, Pods and Others) and Industry Vertical (Military & Defense and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027
| A10726 | Pages: NA | Jun 2021 | 73 Views | | |
| Author(s) : NA | Tables: NA | Charts: NA | Formats*: | |
COVID-19
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Tanker aircraft provides aerial refueling, which is the process of transferring aviation fuel from one military aircraft to another during the flight. It is also called air-to-air refueling. The tanker aircraft flies straight, level up, and extend the drogue/hose. Under normal aerodynamic forces, this hose is allowed to trail out behind and below the tanker. The market has been flourished with the launch of manned and unmanned tanker aircraft with different systems of refueling. Boom refueling requires an operator to perform the refueling task, whereas an autonomous system enables automatic refueling of aircraft.Â
Market scope and structure analysis:
Report Metric | Details |
 Market size available for years |  2020–2027 |
 Base year considered |  2019 |
 Forecast period |  2021–2027 |
 Forecast units |  Value (USD) |
 Segments covered |  Type, System, Aircraft Type, Component, and Industry Vertical |
 Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa) |
 Companies covered | BAE Systems plc., Rolls Royce Plc., United Aircraft Corporation, Serco, The Boeing Company, VT Group Plc., Thales UK, EADS (Northrop Grumann), Airbus SE, Lockheed Martin Corporation. |
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COVID-19 Scenario Analysis:Â
- Tanker aircraft production is going to be more agile after the end of COVID-19.
- The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
- The revenue is not being generated for the companies due to the ongoing pandemic, which will result in major losses across the year.
- Companies have to deal on a significant margin basis to revive the market.
- A huge monetary loss has been accounted for in the revenue generation of the tanker aircraft companies due to the lockdown.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The increase in military expenditure is anticipated to drive the growth of the tanker aircraft market. The need for refueling aircraft increases with the surge in application of aviation in military & defense. Moreover, the market for tanker aircraft is consolidated with few players in the market, intensifying competition, and boosting demand. In addition, consistent improvisations and innovations are calling for modernization of military equipment. This propels the need to upgrade the existing military equipment, thereby fueling the growth of the tanker aircraft market. However, rise in political issues and border security concerns are expected to hinder the growth of the global tanker aircraft market.Â
The global tanker aircraft market trends are as follows:
Rise in the military budget to propel production
The defense budget plays a vital role in upgrading military equipment. Rise in security threats across national borders are urging the military forces to boost the growth of their military base and equipment. Moreover, aircraft are applied for general purposes, combat and rescue operations, medical emergencies, and others, ultimately proliferating the need for aircraft, accordingly accelerating the growth of the tanker aircraft market. Also, during military operations and exercises the need for aviation refueling increases, and hence manned and unmanned aircraft tankers are put to emergent needs.Â
Innovations in tanker aircraftÂ
The global tanker aircraft market has been witnessing strategic innovations in terms of air-refueling aircraft. In addition, major competitors are launching new variants in the market that can be diversified into manned and unmanned aircraft. Moreover, the unmanned aircraft is anticipated to take a lead during the forecast period due to its ability to cater to emergency refueling and enhance the existing capacity of refueling tankers. Aircraft OEMs play a vital role in the market growth and these constant developments are expected to foster the growth of the global tanker aircraft market. Innovative aerial refueling and construction of refueling hoses are done to deliver better efficiency to the aircraft.
Key Segments Covered:
Segments | Sub-segments |
 Type |
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 System |
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 Aircraft Type |
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 Component |
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 Industry Vertical |
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Key Benefits of the Report:
- This study presents the analytical depiction of the global tanker aircraft industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global tanker aircraft market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global tanker aircraft market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global tanker aircraft market analysis based on competitive intensity and how the competition will take shape in the coming years.
Questions Answered in the Tanker Aircraft Market Research Report:
- What are the leading market players active in the tanker aircraft market?
- What the current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
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