Technavio, a tech-focused market research firm, has published a new report on the global military aerial refueling tanker market, which is expected to grow at a CAGR of close to 8% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global military aerial refueling tanker market into the following key regions: the Americas, APAC, and EMEA.
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Military aerial refueling tanker market in Americas: The changing nature of warfare has led the US DoD (Department of Defense) to make a strategic move toward the development of long-range strike platforms. Such strategic moves have supported the deployment of aerial refueling aircraft in the US. The upcoming collaborations in the US also have a positive impact on the market.
According to Moutushi Saha, a lead analyst at Technavio, specializing in research on defense, “The Royal Canadian Air Force has extended its collaboration with the USAF and North Atlantic Treaty Organization-allied countries by providing logistics and associated supports in the fight against IS in Iraq. Besides, countries like Brazil are also investing in upgrading the existing technology of their refueling tankers to reduce their dependence on the North American air forces. Owing to these developments, the aerial refueling tanker market will have significant growth in the Americas during the forecast period.”
Military aerial refueling tanker market in EMEA: Increasing terrorist activities in the Middle East have posed numerous threats to European countries with regards to securing domestic and regional interests. For instance, Russia has been using strategic bombers to destroy the supply and weapon storage of rebel groups. Moreover, the US-led NATO forces have been conducting airstrikes in Syria and Iraq to diminish the dominance of militants. Thus, it is anticipated that the use of aerial refueling tankers will be significantly prevalent in the region, which will drive the market during the forecast period.
Military aerial refueling tanker market in APAC: During the forecast period, APAC is anticipated to experience a relatively higher growth rate due to the growing investments for establishing superior air dominance by countries like China, Australia, and India. The Indian Air Force is also planning to acquire strategic bombers for enhancing capabilities in long-range deep strike missions. Due to the growing concern over maritime violence, along with the requirement of supplementing the capability of surveillance and fighter aircraft, the major countries in the APAC are expected to make a significant investment in acquiring new and multirole tankers during the forecast period.
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The top vendors operating in the global military aerial refueling tanker market are:
- Airbus
- Boeing
- Embraer
- Ilyushin Aviation Complex
- Lockheed Martin
Other prominent vendors in the market include AIROD, Israel Aerospace Industries, and Xi’an Aircraft Industry.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Military Aerial Refueling Tanker Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Military Infrastructure and Logistics Market 2016-2020
- Global Military Aircraft Avionics Market 2017-2021
- Global Military Biometrics Market 2016-2020
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