The aircraft refueling hose global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Aircraft Refueling Hose Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The aircraft refueling hose market size has grown strongly in recent years. It will grow from $2.3 billion in 2023 to $2.49 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to an increase in the procurement of combat aircraft, an increasing number of domestic and international passengers, increased demand for helicopters, and a rise in the tourism industry.
The aircraft refueling hose market size is expected to see strong growth in the next few years. It will grow to $3.41 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing demand for air travel and expansion, an increasing number of low-cost carriers, growing military aviation needs, growing air passenger traffic, and rising military expenditure. Major trends in the forecast period include technological advancements, advanced refueling technologies, the integrity of hose materials, the integration of smart connected technologies, the development of advanced laser recharge systems, and the development of modern systems.
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Scope Of Aircraft Refueling Hose Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Aircraft Refueling Hose Market Overview
Market Drivers –
The rising aircraft production is expected to propel the growth of the aircraft refueling hose market going forward. Aircraft refers to any vehicle designed for flight, including airplanes, helicopters, and drones, used across the commercial, military, and private aviation sectors. The rise in aircraft production is driven by increasing global air travel demand, fueled by economic growth, higher disposable incomes, and a growing middle class, especially in emerging markets. Moreover, expansion in global trade and e-commerce driving demand for cargo aircraft to facilitate faster and more efficient goods transport. Aircraft refueling hoses are essential for safely transferring fuel to aircraft, ensuring efficient refueling operations for various types of aircraft, including commercial, military, and private planes. For instance, in June 2023, according to the International Air Transport Association, a Canada-based trade association, in 2022, global aircraft deliveries reached 1,239, representing a 19.1% increase from 2021. This surge reflects a significant rebound in the aviation industry. Therefore, rising aircraft production is driving the growth of aircraft refueling hose market.
Market Trends –
Major companies operating aircraft refueling hose market are focusing on developing advanced refueling technologies such as automatic air-to-air refueling (AAR) systems, to enhance efficiency, safety, and reliability in military and commercial aviation. An automatic air-to-air refueling (AAR) system refers to a technology used in military aviation that enables the automated transfer of fuel from one aircraft (the tanker) to another (the receiver) while both are in flight. For instance, in December 2022, the European Defense Agency, a Belgium-based government agency, launched a project to develop an automatic air-to-air refueling (AAR) system using the hose and drogue method. This initiative aims to enhance the efficiency and success rate of AAR missions by introducing automation technologies. The main goal of this project includes improving the identification and tracking of the hose and drogue system, stabilizing the drogue, and creating a simulated environment to evaluate the optimal trajectory for the receiver aircraft. Key objectives include improving tracking and stabilization of the drogue, creating a simulation environment for optimal receiver aircraft trajectories, and addressing technological gaps in sensors and computing.
The aircraft refueling hose market covered in this report is segmented –
1) By Type: Composite Hose, Stainless Steel Hose, Rubber Hose
2) By Aircraft Type: Wide Body Aircraft, Narrow Body Aircraft, Rotorcraft
3) By Sales Channel: Original Equipment Manufacturer, Aftermarket
4) By End-Use: Commercial Aviation, Military Aviation, Other End-Users
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Regional Insights –
North America was the largest region in the aircraft refueling hose market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft refueling hose market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the aircraft refueling hose market are Lockheed Martin Corporation, ContiTech AG, Eaton Corporation, Safran S.A., Parker Hannifin Corporation, Apache Inc., Gates Corporation, Trelleborg Group, Semperit AG Holding, Alfagomma Group, Polyhose, Motion and Flow Control Products, Dixon Valve and Coupling Company LLC, JGB Enterprises Inc, Husky Corporation, Delafield Corporation, The Rubber Company, Aviation Pros, Pirtek, Aljac Fuelling, Aero-Hose Corp, ARG Industries, Elaflex Hiby Tanktechnik GmbH and Co. KG< /b>
Table of Contents
1. Executive Summary
2. Aircraft Refueling Hose Market Report Structure
3. Aircraft Refueling Hose Market Trends And Strategies
4. Aircraft Refueling Hose Market – Macro Economic Scenario
5. Aircraft Refueling Hose Market Size And Growth
…..
27. Aircraft Refueling Hose Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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