Tanker Aircraft Market by End-user and Geography - Forecast and Analysis 2022-2026
| Published: Mar 2022 | Pages: 131 | SKU: IRTNTR72871 |
The tanker aircraft market share is expected to increase by USD 37.82 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.31%.
This tanker aircraft market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers tanker aircraft market segmentation by end-user (fixed wing, rotary wing, and UAV) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The tanker aircraft market report also offers information on several market vendors, including Airbus SE, BAE Systems Plc, Cobham Plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Marshall of Cambridge (Holdings) Ltd., Northrop Grumman Corp., Northstar, Protankgrup, Raytheon Technologies Corp., Rolls-Royce Plc, Safran SA, Serco Group Plc, Thales Group, The Boeing Co., United Aircraft Corp., and Eaton Corp. Plc among others.
What will the Tanker Aircraft Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Tanker Aircraft Market Size for the Forecast Period and Other Important Statistics
Tanker Aircraft Market: Key Drivers, Trends, and Challenges
The increase in combat aircraft procurement is notably driving the tanker aircraft market growth, although factors such as high installation and maintenance costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tanker aircraft industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Tanker Aircraft Market Driver
The increase in combat aircraft procurement is one of the key drivers supporting the tanker aircraft market growth. The majority of countries are focusing on improving their military capabilities. For instance, in February 2021, F-35A aircraft was inducted into BAE Systems Australia's (BAESA) maintenance depot as part of the next major milestone in the Joint Strike Fighter Program, and twelve countries have committed to ordering the F-35 joint strike fighter aircraft either as formal partner nations or through foreign military sales. Thus, owing to the increased demand for refueling these combat aircraft, the demand for tanker aircraft will increase, which will drive the growth of the market in focus during the forecast period.
Key Tanker Aircraft Market Trend
Rising demand for the military aircraft fleet is one of the key tanker aircraft market trends that is contributing to the tanker aircraft market growth. For instance, in 2021, military aircraft held around 90% share in the market owing to the utilization of air to air refueling systems to enhance the range of defense missions and allow them to fly farther. In-flight refueling plays a crucial role in strategic missions and aerial conflicts. Several countries are expanding their tanker fleets in order to reinforce their air forces. Moreover, in April 2021, the Indian Air Force (IAF) leased six mid-air refueling aircraft from France to improve combat capabilities and to support its increasing military aircraft fleet. Further, less susceptibility to pilot error and fatigue at receiving aircraft will positively influence the market penetration across various applications during the forecast period.
Key Tanker Aircraft Market Challenge
High installation and maintenance costs are some of the factors hindering the tanker aircraft market growth. Air-to-air refueling is a strategic imperative that military aircraft groups strive for. The high installation cost of aerial refueling systems prevents all countries from adopting them. For instance, the cost of manufacturing and installing the Multipoint Refueling System (MPRS) per aircraft is expected to range between $ 5-6 million, with 6,000-7,000 labor hours. Due to such factors, market growth will be hampered during the forecast period.
This tanker aircraft market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global tanker aircraft market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the tanker aircraft market during the forecast period.
Who are the Major Tanker Aircraft Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Airbus SE
- BAE Systems Plc
- Cobham Plc
- Elbit Systems Ltd.
- Israel Aerospace Industries Ltd.
- Lockheed Martin Corp.
- Marshall of Cambridge (Holdings) Ltd.
- Northrop Grumman Corp.
- Northstar
- Protankgrup
- Raytheon Technologies Corp.
- Rolls-Royce Plc
- Safran SA
- Serco Group Plc
- Thales Group
- The Boeing Co.
- United Aircraft Corp.
- Eaton Corp. Plc
This statistical study of the tanker aircraft market encompasses successful business strategies deployed by the key vendors. The tanker aircraft market is concentrated and the vendors are deploying growth strategies such as quality, price, service, brand image, distribution, and marketing to compete in the market.
Product Insights and News
- Airbus SE - The airbus segment is involved in manufacturing aircraft for passenger airliners.
- Airbus SE - The company offers tanker aircrafts such as A330 MRTT.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The tanker aircraft market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Tanker Aircraft Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the tanker aircraft market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Tanker Aircraft Market?
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42% of the market's growth will originate from North America during the forecast period. The US is the key market for the tanker aircraft market in North America. Market growth in this region will be faster than the growth of the market in Europe and South America.
The ongoing research and development of advanced military aircraft platforms will facilitate the tanker aircraft market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
.In 2020, the COVID-19 pandemic adversely impacted several countries in the region. However, in Q4 2020 and H1 2021, the initiation of large-scale COVID-19 vaccination drives led to the resumption of manufacturing operations in the region. Thus, the regional tanker aircraft market is expected to have a positive impact during the forecast period.
What are the Revenue-generating End-user Segments in the Tanker Aircraft Market?
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The tanker aircraft market share growth by the fixed wing segment will be significant during the forecast period. In 2021, fixed-wing accounted for the major share in the global tanker aircraft market, and it is expected to grow at a significant rate during the forecast period. A fixed-wing aircraft flies by using wings attached to the fuselage to produce lift from the aircraft's forward motion. Fixed-wing aircraft are getting more popular as they can travel longer distances and have superior aerodynamic structures than rotary-wing aircraft. Thus, the rise in the procurement of tanker aircraft is expected to increase the demand for fixed-wing, thereby driving the growth of the market segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the tanker aircraft market size and actionable market insights on post COVID-19 impact on each segment.
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Tanker Aircraft Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.31% |
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Market growth 2022-2026 |
$ 37.82 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
6.97 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 42% |
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Key consumer countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Airbus SE, BAE Systems Plc, Cobham Plc, Elbit Systems Ltd., Israel Aerospace Industries Ltd., Lockheed Martin Corp., Marshall of Cambridge (Holdings) Ltd., Northrop Grumman Corp., Northstar, Protankgrup, Raytheon Technologies Corp., Rolls-Royce Plc, Safran SA, Serco Group Plc, Thales Group, The Boeing Co., United Aircraft Corp., and Eaton Corp. Plc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Tanker Aircraft Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive tanker aircraft market growth during the next five years
- Precise estimation of the tanker aircraft market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the tanker aircraft industry across North America, Europe, APAC, Middle East and Africa, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of tanker aircraft market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Fixed wing - Market size and forecast 2021-2026
- Exhibit 28: Chart on Fixed wing - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Fixed wing - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Fixed wing - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Fixed wing - Year-over-year growth 2021-2026 (%)
- 5.4 Rotary wing - Market size and forecast 2021-2026
- Exhibit 32: Chart on Rotary wing - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Rotary wing - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Rotary wing - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Rotary wing - Year-over-year growth 2021-2026 (%)
- 5.5 UAV - Market size and forecast 2021-2026
- Exhibit 36: Chart on UAV - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on UAV - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on UAV - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on UAV - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by End-user
- Exhibit 40: Market opportunity by End-user ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 France - Market size and forecast 2021-2026
- Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.12 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Airbus SE
- Exhibit 93: Airbus SE - Overview
- Exhibit 94: Airbus SE - Business segments
- Exhibit 95: Airbus SE - Key news
- Exhibit 96: Airbus SE - Key offerings
- Exhibit 97: Airbus SE - Segment focus
- 10.4 BAE Systems Plc
- Exhibit 98: BAE Systems Plc - Overview
- Exhibit 99: BAE Systems Plc - Business segments
- Exhibit 100: BAE Systems Plc - Key offerings
- Exhibit 101: BAE Systems Plc - Segment focus
- 10.5 Cobham Plc
- Exhibit 102: Cobham Plc - Overview
- Exhibit 103: Cobham Plc - Product / Service
- Exhibit 104: Cobham Plc - Key offerings
- 10.6 Lockheed Martin Corp.
- Exhibit 105: Lockheed Martin Corp. - Overview
- Exhibit 106: Lockheed Martin Corp. - Business segments
- Exhibit 107: Lockheed Martin Corp. - Key news
- Exhibit 108: Lockheed Martin Corp. - Key offerings
- Exhibit 109: Lockheed Martin Corp. - Segment focus
- 10.7 Northrop Grumman Corp.
- Exhibit 110: Northrop Grumman Corp. - Overview
- Exhibit 111: Northrop Grumman Corp. - Business segments
- Exhibit 112: Northrop Grumman Corp. - Key news
- Exhibit 113: Northrop Grumman Corp. - Key offerings
- Exhibit 114: Northrop Grumman Corp. - Segment focus
- 10.8 Rolls-Royce Plc
- Exhibit 115: Rolls-Royce Plc - Overview
- Exhibit 116: Rolls-Royce Plc - Business segments
- Exhibit 117: Rolls-Royce Plc - Key offerings
- Exhibit 118: Rolls-Royce Plc - Segment focus
- 10.9 Serco Group Plc
- Exhibit 119: Serco Group Plc - Overview
- Exhibit 120: Serco Group Plc - Business segments
- Exhibit 121: Serco Group Plc - Key news
- Exhibit 122: Serco Group Plc - Key offerings
- Exhibit 123: Serco Group Plc - Segment focus
- 10.10 Thales Group
- Exhibit 124: Thales Group - Overview
- Exhibit 125: Thales Group - Business segments
- Exhibit 126: Thales Group - Key offerings
- Exhibit 127: Thales Group - Segment focus
- 10.11 The Boeing Co.
- Exhibit 128: The Boeing Co. - Overview
- Exhibit 129: The Boeing Co. - Business segments
- Exhibit 130: The Boeing Co. - Key news
- Exhibit 131: The Boeing Co. - Key offerings
- Exhibit 132: The Boeing Co. - Segment focus
- 10.12 United Aircraft Corp.
- Exhibit 133: United Aircraft Corp. - Overview
- Exhibit 134: United Aircraft Corp. - Product / Service
- Exhibit 135: United Aircraft Corp. - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources
- 11.5 List of abbreviations
- Exhibit 142: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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tanker aircraft market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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