The global Air-to-Air Refueling (AAR) services market size reached USD 6.16 Billion in 2020 and is expected to register a revenue CAGR of 9.1% during the forecast period, according to latest analysis by Emergen Research. Rising need for aerial refueling to support overseas deployments which enables fighter jets and other aircraft to cover longer distances is a key factor expected to drive demand for aerial refueling services. Increased procurement of advanced fighter planes with newer more advanced technologies including better sensors that enable more efficient and accurate mid-air refueling has been resulting in increased demand to accomplish better surveillance and covering of a larger area. This is expected to support market revenue growth to a significant extent over the forecast period. Aerial refueling, also known as air refueling, In-Flight Refueling (IFR), Air-to-Air Refueling (AAR), enable pilots to fly longer distances without landing and refueling mid-air can extend the combat radius of pilots on more complex missions. Additionally, the advent of autonomous refueling systems is expected to drive further advancement in technologies and techniques to enhance docking capabilities and reduce dependency on skilled pilots as well as automate the process of refueling. These are some key factors expected to drive revenue growth of the market during the forecast period.
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Key Players operating in the industry are:
The Boeing Company, Airbus SAS, Cobham Ltd., Lockheed Martin Corporation, Omega Air Refueling Services Inc., Eaton Corporation plc, Marshall Aerospace and Defense Group, GE Aviation, Safran S.A., and Draken International, LLC
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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