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Refueling Aircraft Market Trends

Report ID: GMI7943
Published Date: Jan 2024
Report Format: PDF

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Refueling Aircraft Market Trends

Collaborative partnerships focused on scaling Cryo-compressed Hydrogen (CcH2) storage and refueling infrastructure are fostering lucrative growth in the refueling aircraft industry. By addressing the technological and logistical challenges associated with CcH2, these alliances enhance the viability and efficiency of in-flight refueling. For instance, in January 2024, ZeroAvia and Verne entered into a Memorandum of Understanding (MoU) to collaboratively assess the possibilities of employing CcH2 as onboard aircraft fuel. Additionally, they aim to explore CcH2 refueling methods, considering sources such as Gaseous Hydrogen (GH2) and Liquid Hydrogen (LH2).

The global market is experiencing lucrative growth due to the increasing focus on green aviation initiatives. With the rising global awareness of environmental sustainability, there is a heightened demand for fuel-efficient and eco-friendly solutions. This trend propels the development of refueling aircraft that align with cleaner energy practices, contributing to reduced emissions and a more environmentally conscious aerospace industry. Governments and aerospace companies are investing in technologies that enhance fuel efficiency and decrease the carbon footprint of in-flight refueling operations.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for refueling aircraft was valued at USD 13.2 billion in 2023 and is anticipated to register a CAGR of over 2% between 2024 and 2032, driven by increasing government investments in the procurement of these planes.

The refueling pods segment held a major market share of about 31% in 2024 and is expected to grow significantly through 2032, owing to the government acquisitions of refueling aircraft featuring wing air refueling pods.

Europe refueling aircraft market held a revenue share of over 35% in 2023 and will continue to showcase impressive growth trends through 2032, attributed to the strategic importance of in-flight refueling capabilities.

Airbus, Omega Aerial Refueling Services, Antonov, Northrop Grumman, Boeing, Lockheed Martin Corporation., Cobham plc, L3Harris Technologies, Inc., Eaton and Embraer