It has severely impacted the international transportation, which has had deeper effects on the commercial aircraft market. The COVID-19 pandemic situation has hampered the economic growth of almost every country. Impact of COVID-19 Pandemic on Military Aircraft Rubber Tanks Market The manufacturing companies such Magam Safety Ltd and Fuel Safe Systems are introducing advanced solutions for end users the new products provide protection against 30mm bullet penetration. Further, the growing need of flexible fuel tanks to enhance fuel storage capacity and utilize spaces in wings, pylons, etc., is augmenting the market growth. Advancements in army machines such as increased bullet size have the importance using rubber in fuel tanks as it quickly prevents the leakages.
The rubber-based self-sealing fuel tanks are necessary components in advanced military aircraft. Developing nations such as India, China, and Indonesia are strengthening their military aircraft stock due to rising border clash with neighboring countries. Rising trade agreements between major countries such as Russia-India, Russia-China, and US-UAE regarding advanced military aircraft are supporting the market growth. New military aircraft such as Dassault Rafale, F-35, and Saab Gripen are dominating the fixed-wing aircraft demand.
Companies in countries such as Russia, the US, and France are developing advanced aircraft for the global market. Military and defense sectors are heavily investing in advanced technologies to strengthen their capabilities with advanced war aircraft. The military aircraft rubber tanks market was valued at US$ 376.12 million in 2019 and is projected to reach US$ 564.67 million by 2027 it is expected to grow at a CAGR of 5.3% from 2020 to 2027.