China Refueling Aircraft Market
China Refueling Aircraft Market Research Report By Aircraft Type (Fixed-Wing Aircraft, Rotary-Wing Aircraft, Unmanned Aerial Vehicles), By Refueling System (Probe and Drogue, Boom, Flying Boom), By End User (Military, Civil, Commercial Aviation) and By Platform (Military Transport Aircraft, Commercial Aircraft, Helicopters)- Forecast to 2035
Industry Developments
In recent months, the China Refueling Aircraft Market has witnessed significant developments, notably with the Aviation Industry Corporation of China, which has been focusing on enhancing its capabilities and expanding its fleet of aerial refueling systems. As of October 2023, the Commercial Aircraft Corporation of China announced advancements in its research related to next-generation refueling aircraft, which is expected to enhance operational efficiency and expand deployment ranges. In a noteworthy financial development, China Aerospace Science and Industry Corporation confirmed plans for an increase in capital investment to boost manufacturing and technological innovation in the refueling aircraft sector.
Additionally, the China National Aerotech Engineering Company has been collaborating with the Xian Aircraft Industrial Corporation to expedite the production of refueling aircraft components. Over the last two years, the geopolitical climate has led to increased defense budgets, prompting a growth in the overall market valuation of companies such as Guizhou Aircraft Industry Group and Chengdu Aircraft Industry Group, allowing them to invest heavily in advanced Research and Development. This growth trend is further supported by the government's push for modernization and self-sufficiency in defense capabilities.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 3.46(USD Billion) |
| MARKET SIZE 2024 | 3.85(USD Billion) |
| MARKET SIZE 2035 | 5.02(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 2.442% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Beijing Aerospace Propulsion Institute, Commercial Aircraft Corporation of China, China National Aerotech Engineering Company, China Aerospace Science and Industry Corporation, Xian Aircraft Industrial Corporation, Guizhou Aircraft Industry Group, Xiamen Aircraft Industrial Corporation, China North Industries Group Corporation, Chengdu Aircraft Industry Group, Aviation Industry Corporation of China, Hunan Aerospace Power Plant, Shenyang Aircraft Corporation, AVIC Heavy Machinery Company, China South Industries Group Corporation |
| SEGMENTS COVERED | Aircraft Type, Refueling System, End User, Platform |
| KEY MARKET OPPORTUNITIES | Increased defense budget allocation, Modernization of air force capabilities, Expanding regional security partnerships, Demand for advanced logistics solutions, Growth in military exercises and training |
| KEY MARKET DYNAMICS | increasing defense budget, modernization of air force, geopolitical tensions, aging aircraft fleet, technology advancements in UAVs |
| COUNTRIES COVERED | China |
FAQs
What is the expected market size of the China Refueling Aircraft Market in 2024?
The China Refueling Aircraft Market is expected to be valued at 3.85 billion USD in 2024.
What will be the market value of the China Refueling Aircraft Market by 2035?
By 2035, the market is anticipated to reach a value of 5.02 billion USD.
What is the expected compound annual growth rate (CAGR) for the China Refueling Aircraft Market from 2025 to 2035?
The expected CAGR for the China Refueling Aircraft Market from 2025 to 2035 is 2.442 percent.
Which aircraft type segment is projected to hold the largest market share in 2024?
In 2024, the Fixed-Wing Aircraft segment is anticipated to be valued at 1.53 billion USD, making it the largest segment.
What is the projected market value for the Rotary-Wing Aircraft segment in 2035?
The Rotary-Wing Aircraft segment is projected to reach a value of 1.57 billion USD by 2035.
Who are the key players in the China Refueling Aircraft Market?
Key players include Beijing Aerospace Propulsion Institute and Commercial Aircraft Corporation of China among others.
What growth opportunities exist within the China Refueling Aircraft Market?
Emerging trends in technological advancements and increased military spending present growth opportunities in the market.
How has the current global scenario impacted the China Refueling Aircraft Market?
The ongoing global scenario has prompted increased demand for refueling capabilities, influencing the market positively.
What will be the market size for Unmanned Aerial Vehicles in 2035?
The Unmanned Aerial Vehicles segment is expected to reach a market value of 1.40 billion USD by 2035.
What challenges might the China Refueling Aircraft Market face in the future?
Challenges may include geopolitical tensions and budget constraints affecting military expenditure.
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