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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
COVID-19 Scenario Analysis:Â
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:
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
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 Benefits of the Report:
Questions Answered in the Tanker Aircraft Market Research Report:
Tanker Aircraft Market Report Highlights
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Key Market Players | Serco, BAE Systems plc., VT Group Plc., EADS (Northrop Grumann), Thales UK, Airbus SE, Rolls Royce Plc., Lockheed Martin Corporation, United Aircraft Corporation, The Boeing Company |
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