Research Report: Military Aerial Refueling Tanker Market 2020–2024 | Shift Toward Next-generation Long-range Strike Platform to Boost Market Growth | Technavio

Technavio has been monitoring the military aerial refueling tanker market and it is poised to grow by USD 3.93 billion during 2020–2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Frequently Asked Questions:

• Based on segmentation by aerial refueling technologies, which is the leading segment in the market?
  Probe-and-drogue.
• What are the major trends in the market?
  Growing acceptance of the fly-by-wire (FBW) boom system.
• At what rate is the market projected to grow?
  The market is projected to grow at a CAGR Of over 8% during 2020–2024.
• Who are the top players in the market?
  Airbus SE, Cobham Plc, Eaton Corporation Plc, Embraer SA, General Electric Co., Israel Aerospace Industries Ltd., Liebherr-International Deutschland GmbH, Lockheed Martin Corp., Rostec State Corp., and The Boeing Co. are the top players in the market.
• What are the key market drivers and challenges?
  Shift towards next-generation long-range strike platform is expected to drive the growth of the market. However, the development of unmanned jet tankers will challenge the growth of the market.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Airbus SE, Cobham Plc, Eaton Corporation Plc, Embraer SA, General Electric Co., Israel Aerospace Industries Ltd., Liebherr-International Deutschland GmbH, Lockheed Martin Corp., Rostec State Corp., and The Boeing Co. are some of the major market participants. The shift toward next-generation long-range strike platform will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Military Aerial Refueling Tanker Market 2020–2024: Segmentation

Military Aerial Refueling Tanker Market is segmented as below:

• Technology
• Geography
• Probe-and-drogue
• Boom-and-receptacle
• North America
• APAC
• Europe
• MEA
• South America

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Military Aerial Refueling Tanker Market 2020–2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The military aerial refueling tanker market report covers the following areas:

• Military Aerial Refueling Tanker Market Size
• Military Aerial Refueling Tanker Market Trends
• Military Aerial Refueling Tanker Market Industry Analysis

This study identifies the growing acceptance of the fly-by-wire (FBW) boom system as one of the prime reasons driving the military aerial refueling tanker market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.