According to the research report titled, ‘Aerial Refueling Systems Market Size By Application (Military Aircraft, Helicopters, Commercial Aircraft, UAV), By Component (Refueling Pods, Refueling Probes, Drogues, Hoses, Boom), By System (Probe and Drogue, Flying Boom), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with MarketStudyReport, global aerial refueling systems market is expected to amass notable gains during 2020-2026.
 

Increase in defense budgets and technological advancements in the field of aviation are the primary factors boosting the growth of global aerial refueling systems market.
 

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For the unversed, aerial refueling refers to the transfer of fuel from one aircraft to another during flight. This practice extends the total range of an aircraft and lets it stay in the air for a long duration without having to land.
 

In addition, the growing importance of border surveillance across nations is further augmenting the industry outlook.
 

Based on application spectrum, the UAV (unmanned aerial vehicle) segment is anticipated to register a CAGR of 12% during the analysis timeline, due to various technological developments in the field of unmanned flight and refueling systems.
 

In terms of component type, the refueling probe segment and the hoses segment are slated to exhibit CAGR of 3% and 5% respectively over 2020-2026, owing to escalating demand from probe and drogue systems.
 

The geographical landscape of global aerial refueling systems market is defined by regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
 

Among these, Latin America presently holds 2% of the overall market share, driven by the surge in defense spending across several countries throughout the region. Meanwhile, Middle East & Africa market is speculated to expand at a CAGR of 2% over 2020-2026 accreditable to strong demand from military aircrafts in the region.
 

Speaking of the competitive scope, Zodiac Aerospace, The Liebherr Group, Smiths Group Plc, Protankgrup  Sdn Bhd, Omega Aerial Refueling Services, Inc., Northstar Engineering Corporation, Marshall Aerospace and Defense Group, Lockheed Martin Corporation, GE Aviation Systems, Eaton Corporation Plc, Dassault Aviation SA, Cobham Ltd., and Boeing Company are the major players profiled in global aerial refueling systems market report.