Afterburner Market Size By Engine Type (Turbofans Engine, Turbojet Engine), By Plane Type (Air Superiority Fighter, Interceptor Aircraft, Light Fighter), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Nov 2020  |  Report ID: GMI4872  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 180   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Afterburner Market size exceeded USD 110.36 million in 2019 and is estimated to exhibit over 8% CAGR from 2020 to 2026. The increasing fighter aircraft backlog & production along with rising fleet of the old generation fighter aircraft in various countries across the globe is expected to drive the industry growth.
 

The afterburner is gaining recognition in the industry as it is used for the shorter runway take-off, assisting in catapult launches from aircraft carriers and air combat. There is an increasing demand for new fighter aircraft worldwide to replace aging aircraft with the next-generation fighter aircraft to recover from the fighter aircraft depleting strength. Moreover, there is an increased demand for next-generation fighter aircraft such as 5th generation fighter that combines advanced stealth with fighter speed and agility. Air superiority fighter planes are fully fused with sensor information and network-enabled operations, increasing their adoption across China, North America, and Europe, in turn, propelling the afterburner industry demand.
 

Afterburner Market

Get more details on this report - Request Free Sample PDF
 

Numerous countries are focusing on manufacturing their own 5th or 6th generation fighter aircraft as importing would involve significant costs and leave the country to be dependent on the exporter country for software updates, maintenance, and spare parts. For instance, Germany and France are planning to launch a fighter jet by the end of 2025. Strong rivalry among market participants has impacted the price trend of the product. Industry participants are concentrating on value addition to the product such as lower fuel consumption, lower weight, lower size, and improved efficiency.
 

Afterburner Market Report Coverage
Report Coverage Details
Base Year:2019Historical Data for:2016 to 2019
Market Size in 2019:USD 110.36 MillionForecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:8.1%No. of Pages:180
2026 Value Projection:USD 126.36 Million Tables, Charts & Figures:115
Geographies covered (11):U.S., Canada, Germany, France, Italy, Spain, U.K , Russia, China, India, Brazil
Segments covered:Engine Type, Plane Type and Region
Growth Drivers:
  • Increasing focus on light-weighting and fuel efficiency products
  • Growth in fighter aircraft back-log
  • Increasing aging aircraft fleet worldwide
  • Rising investment in Next-Generation military aircrafts
Pitfalls & Challenges:
  • Prohibitive cost of Afterburner System

Get more details on this report - Request Free Sample PDF
 

Rising fighter aircraft demand to drive air superiority segment penetration

The air superiority fighter segment generated around USD 35 million in 2019 owing to increasing fighter aircraft demand in the past few years to ensure aerial supremacy. The air superiority fighter is equipped with advanced stealth coating or materials, information fusion technology, and sensors. The air superiority fighter provides situational awareness, greater survivability, effectiveness for pilots, as well as enhanced readiness at lesser support expenses. Moreover, the increasing development of indigenous 5th generation aircraft by various countries will lead to a greater demand for afterburners.
 

Turbofans engine segment to hold a majority share

Afterburner Market Size

Get more details on this report - Request Free Sample PDF
 

The turbofans engine type captured around 95% of the afterburner market share. The countries are strengthening military strength to ensure border safety. Switzerland is likely to buy up to 40 fighter aircraft and Finland is planning to buy new fighter aircraft as a replacement for its aging F-18 fleet. The ongoing covid-19 has substantially obstructed the fighter aircraft production in 2020, and with the enforced lockdown, the production and supply of parts have come to a halt, globally.
 

The aerospace and defense industry observed noteworthy growth in 2019; for instance, in 2019, Lockheed Martin Corporation produced nearly 134 F-35s fighter planes, with 47% increase from 2018 and nearly two times more production compared to 2016, which are likely to drive the turbofans engine and afterburner market.
 

North America is expected to hold a major share on the back of large fighter aircraft production

Afterburner Market Share

Get more details on this report - Request Free Sample PDF
 

North America afterburner market led by the U.S. is projected to witness more than 11% CAGR through 2026. The U.S. alone produced above 160 fighter aircraft in 2019 and the U.S. held about one-third of the global fighter aircraft production. Furthermore, the U.S. has witnessed a significant number of orders of its new 5th generation fighter aircraft despite covid-19. In 2020, the Polish defense minister, Mariusz Blaszczak signed a contract with the U.S. government to buy 32 F-35 fighter aircraft, which is scheduled to be delivered by 2024.
 

The increasing cases of covid-19 has significantly impacted the fighter aircraft production and delay in the supply of engine components as U.S. aircraft manufacturers are heavily dependent on Mexico for fuel systems or sensor-related products, increasing backlog for manufacturers.
 

The afterburner industry to be highly consolidated

The afterburner market is highly consolidated with four key market participants holding majority share in the industry. These players are involved in partnerships with fighter aircraft manufacturers or with the regional government to gain a competitive advantage on rest of the manufacturers. For instance, in June 2019, Pratt & Whitney was awarded a USD 3.2 billion contract to provide 233 fighter aircraft engines with the afterburner for F-35 fighter jets to the U.S. and its allies.
 

With the increasing demand for 5th generation fighter aircraft, many manufacturers are collaborating with 5th generation aircraft manufacturers to provide their products in the future. For instance, MTU Aero Engines AG has been in contact with Germany and France to develop Next European Fighter Engine (NEFE) to replace multinational Eurofighter engine and Rafale.
 

Some of the key manufacturers are Rolls-Royce plc, GE AVIATION, Pratt & Whitney, Honeywell Aerospace, Aviadvigatel, SE Ivchenko-Progress, Safran, Eurojet, JSC "Klimov" — United engine corporation, and MTU Aero Engines AG, among others. Some of the significant strategies implemented by these manufacturers are collaboration with aircraft manufacturers, acquisition, new product development, and production capacity expansion.
 

The market report afterburner includes in-depth coverage of the industry with estimates & forecast in terms of volume in Units and revenue in USD million from 2016 to 2026 for the following segments:
 

Market, By Engine Type

  • Turbofans Engine
  • Turbojet Engine

Market, By Plane Type

  • Air Superiority Fighter
  • Light fighter
  • Electric Compressor

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • U.K
    • Russia
  • Asia Pacific
    • China
    • India
  • Rest of the World
    • Brazil
       

Frequently Asked Questions (FAQ) :

The market for afterburner had reached USD 110.36 million in value during 2019 and will record about 8% CAGR up to 2026 by 2026 with the expanding backlog and production of fighter aircraft.
The share of air superiority fighters was valued at nearly USD 35 million in 2019 owing to increased afterburner demand from the growing deployment of fighter aircraft for aerial domination.
Aircraft with turbofans engine contributed about 95% of global afterburner industry share in 2019 as countries focus on reinforcing their military prowess and border safety.
North America afterburner market forecast is impacted by the high production of fighter aircraft in the U.S. and the regional industry will register over 11% CAGR through 2026.

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Premium Report Details

  • Published Date: Nov 2020
  • Pages: 180
  • Tables: 96
  • Charts / Figures: 19
  • Companies covered: 11
  • Countries covered: 11

Get a report that explains COVID-19 impact on this market, request a free sample now

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X