According to the research report titled ‘Aerial Refueling Systems Market Share, Size, Trends, Industry Analysis Report By Aircraft Type ; By System Type; By Component; By End User; By Regions, Segment Forecast, 2020 - 2026‘, available with Market Study Report, global aerial refueling systems market is anticipated to reach a valuation of USD 719.8 million by 2026.
 

Rising military expenditure, increasing tanker aircraft fleet, and introduction to multi-role tanker aircrafts are the major factors are expected to drive the growth of global aerial refueling systems market during the forecast period. High aircraft deliveries, and rising demand of long-run military aircrafts for special purpose missions are also anticipated to fuel the market growth.
 

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Technological advancements, rising applications and continuous enhancements in the aerial refueling systems in a bid to deliver high-level precision and reliability are likely to propel the global aerial refueling systems industry. Furthermore, various countries in Asia Pacific and Saudi Arabia are already taking initiatives to expand their military expenditure to acquire advanced weapon systems and aircraft, thereby positively influencing the market outlook.
 

Based on aircraft type, combat & tanker aircraft segment held largest share in global aerial refueling systems industry in the year 2019, owing to requirement for aerial refueling systems for covering a long-distance defense mission. Moreover, increasing tensions among the countries has impelled the demand for advanced fleet of air-to-air fueling tankers for several defense missions, hence influencing the segmental growth.
 

With respect to end user scope, global aerial refueling systems industry size from OE segment is expected to register considerable growth during the forecast period, primarily due to rising implementation of combat & tanker aircraft and refilling systems by military forces of several countries. Moreover, focus towards replacing old tankers & combat aircraft with the new ones is also aiding in the growth of global aerial refilling systems market through OE segment.  
 

As per regional overview, North America held the largest share in worldwide aerial refueling systems market in 2019 and is predicted to showcase similar growth trends during the forecast period, with U.S. being the major revenue generator. Presence of large military aircraft fleet and constant enhancements & replacements of aircraft systems are favoring the market outlook in the U.S. Moreover, escalating military spending and focus towards expanding the current military aircraft fleet is also propelling to the regional market growth.
 

Key players operating in global aerial refueling systems market are Cobham plc, Airbus SE, Parker Hannifin Corporation, Draken Internationnal LLC, GE Aviation Corporation, Eaton Corporation, Marshall Aerospace & Defence Group, Safran Pvt. Ltd, and Zodiac Aerospace.