According to Fortune Business Insights™, the global aerial refueling systems market size was valued at USD 535.8 million in 2020 and is projected to grow from USD 545.4 million in 2021 to USD 743.8 million by 2028, exhibiting a CAGR of 4.53% during the forecast period (2021–2028). The market is witnessing strong growth due to the increasing development and deployment of next-generation fighter jets, unmanned systems, and lightweight military aircraft.

North America Leads Global Market

In 2020, North America dominated the market, accounting for 51.31% of the global share, primarily due to high defense spending and the presence of major aerospace and defense companies such as Lockheed Martin, Eaton Corporation, and GE Aviation.

Key Players in the Global Market:

• Airbus S.A.S (Netherlands)
• Cobham Plc (UK)
• GE Aviation (U.S.)
• Lockheed Martin Corporation (U.S.)
• Boeing (U.S.)
• Eaton Corporation (U.S.)
• Safran S.A. (France)
• Israel Aerospace Industries (Israel)
• Marshal Aerospace & Defence Group (UK)
• Parker Hannifin (U.S.)

Source

https://www.fortunebusinessinsights.com/aerial-refueling-systems-market-105152

Market Segmentation Insights

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