Military Aircraft Rubber Tanks Market Size, Trends and Growth Analysis by 2027

The military aircraft rubber tanks sector was valued at approximately US$ 376.12 million in 2019 and is anticipated to grow to US$ 564.67 million by 2027, reflecting a compound annual growth rate (CAGR) of 5.3% from 2020 to 2027.

Both governmental bodies and private enterprises are making substantial investments to enhance their military aircraft fleets for combat readiness. The rising threats posed by terrorism and border security challenges are driving the demand for sophisticated military aircraft support systems. Market participants are actively expanding their production capabilities to address these evolving requirements, while also introducing advanced technologies that feature enhanced quality and performance. For example, in May 2019, Boeing revealed plans to produce the Air Force MH-139, which is outfitted with crashworthy, self-sealing fuel tanks. The company is set to commence production at the Agusta-Westland facility, aiming to deliver around 10 aircraft annually. In a similar vein, the Indian Defense Ministry showcased 114 light combat helicopters (LCHs) intended for African nations in July 2018. These helicopters are equipped with crashworthy and self-sealing fuel tank technology, alongside features such as low visibility and armor protection. The Ministry of Defense is currently negotiating with several African countries to export these indigenous helicopters, targeting a deal worth US$ 2 billion. The growing demand for aircraft with self-sealing fuel tanks, coupled with manufacturers' ability to supply these products, is propelling the military aircraft rubber tank market forward.

The COVID-19 pandemic has adversely affected the economic growth of nearly every nation, significantly disrupting international transportation and consequently impacting the commercial aircraft sector. However, the military aircraft industry has experienced a relatively minor downturn. The economic slowdown has resulted in delays in military aircraft procurement processes, with operations continuing under government-imposed restrictions, albeit at a reduced pace. The temporary reduction in workforce availability and the need for physical distancing measures have hindered production targets for military aircraft manufacturers. In its Q3 delivery report for October 2020, Boeing noted a decrease in military aircraft deliveries, with a drop of 54 units in September. This decline in aircraft production has a cascading effect, leading to reduced sales of associated components and technologies, which in turn has negatively impacted the military aircraft rubber tank market.

The military aircraft rubber tanks market is categorized based on material and aircraft type. In terms of material, the market is divided into nitrile rubber and urethane rubber, with the nitrile rubber segment commanding a larger share in 2019. Regarding aircraft type, the market is segmented into fixed wing aircraft, rotary wing aircraft, and unmanned aerial vehicles (UAVs), where the rotary wing aircraft segment also held a significant market share in 2019.

The overall size of the military aircraft rubber tanks market has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aids in providing an overview and forecast for the military aircraft rubber tanks market across all segments. Furthermore, it offers insights and forecasts for the global military aircraft rubber tanks market segmented by five major regions: North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Additionally, primary interviews were conducted with industry stakeholders and experts to validate the data and gain deeper analytical insights. Participants in these interviews typically include industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the military aircraft rubber tanks market.

Some of the prominent players in the global military aircraft rubber tanks market include Aero Tec Laboratories, Inc., Aircraft Rubber Manufacturing (Fuel Safe Systems), Amfuel, FFC, Inc., Magam Safety Ltd., Meggitt PLC, M.E.RIN, Musthane, PFW Aerospace GmbH, and Robertson Fuel Systems, LLC.