An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the Tanker Aircraft Market” has been showcased on Report Ocean.
The “Global Tanker Aircraft Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Tanker Aircraft Market.
Global Tanker Aircraft Market is valued approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2029.
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Tanker Aircraft is a type of aircraft utilized for arial refueling applications. It has application in transferring aviation fuel from one military aircraft to another during the flight. The tanker aircraft flies straight and level and extends the fuel hose that trail out behind and below the tanker under normal aerodynamic forces. The growing military expenditure worldwide and increasing procurement of combat aircraft as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The increasing spending on military budget worldwide is key factor contributing to the growth of the Global Tanker Aircraft Market. For instance, as per Stockholm International Peace Research Institute is an international institute (SIPRI) – in 2020, the global military expenditure was estimated at USD 1981 billion, which further increased to USD 2113 billion, witnessing an increase of over 0.7 percent. Furthermore, US spend highest spending of military budget with USD 801 billion, followed by China with USD 293 billion and India with USD 76.6 billion. Also, rising development of advanced aerial tankers and growing investment in automatic refueling system would create lucrative growth prospectus for the market over the forecast period. However, the high maintenance cost associated with Tanker Aircraft impedes the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Tanker Aircraft Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share due to factors such as presence of leading market players as well as increasing spending on defense advancements in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising military spending and increasing penetration of leading market players in the region.
Major market players included in this report are:
- The Boeing Company
- BAE Systems plc.
- Rolls Royce Plc.
- United Aircraft Corporation
- Serco
- VT Group Plc.
- Thales UK
- EADS (Northrop Grumann)
- Airbus SE
- Lockheed Martin Corporation
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Recent Developments in the Market:
In July 2022, Airbus received certification for automatic air-to-air refuelling (A3R) boom operations in daylight from the Spanish National Institute for Aerospace Technology (INTA) for its A330 MRTT aircraft. This new system does not require additional equipment on the receiver aircraft.
In September 2022, L3Harris Technologies and Embraer S.A. entered in a partnership to develop an “Agile Tanker,” a tactical aerial refueling aircraft for the U.S. Air Force. Both the players would be working towards expansion of Embraer’s KC-390 Millennium tactical tanker aircraft.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Type
Fixed Wing Tanker Aircraft
Rotary Wing Tanker Aircraft
By Application
Military
Commercial
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Tanker Aircraft market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Tanker Aircraft market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Tanker Aircraft market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Tanker Aircraft market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Tanker Aircraft market. It encapsulates indispensable insights extracted from the Tanker Aircraft Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Tanker Aircraft market, including:
- What can be expected for the Tanker Aircraft market in the next decade?
- What are the primary drivers of growth in the global Tanker Aircraft market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Tanker Aircraft market vary based on the size of the end market?
- What is the breakdown of Tanker Aircraft by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Tanker Aircraft market?
Our most recent research report showcases the thriving expansion of the global Tanker Aircraft Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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