Afterburner Market Size
Afterburner Market size was over USD 110.36 million in 2019 and is anticipated to see more than 8% CAGR from 2020-2026.
Growing fighter aircraft backlog & production and increasing number of the old generation fighter aircraft fleet in different countries across the world is likely to propel industry growth.
The afterburner has emerged as a widely used option in the aviation sector due to multiple reasons. First, it enables planes to launch from shorter runways, which is perfect for military tactical operations in cramped environments such as aircraft carriers. Second, it offers the additional boost necessary for catapulting planes out of aircraft carriers, which allows them to achieve higher speeds sooner. Third, it’s critical for air-to-air combat, providing fighter planes with the speed and maneuverability necessary to outmaneuver and destroy the enemy planes. As the international demand for new fighters grows, so does the demand for sophisticated afterburners. Older jets are being replaced by fourth- and fifth-generation fighter aircraft, several of which are equipped with fifth-generation fighter technology that incorporates stealth, speed, and maneuverability. These sophisticated fighter aircraft are all implanted with advanced sensors and network technology, enabling them to communicate and cooperate with each other. Consequently, air superiority aircraft are gaining popularity in China, North America, and Europe, increasing the demand for afterburners further.
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Many countries are targeting the production of their own 5th or 6th generation fighter planes since importing would be at a high cost and would make the country rely on the exporting country for software updates, maintenance, and spares. For example, Germany and France are going to introduce a fighter jet by the end of 2025. Intense competition among market players has influenced the price trend of the product. Industry players are focusing on adding value to the product like less fuel consumption, less weight, less size, and better efficiency.
Afterburner Market Report Attributes
Report Attribute Details
Base Year 2019
Afterburner Market Size in 2019 USD 110.36 Million
Forecast Period 2020 to 2026
Forecast Period 2020 to 2026 CAGR 8.1%
2026 Value Projection USD 126.36 Million
Historical Data for 2016 to 2019
No. of Pages 180
Tables, Charts & Figures 115
Segments covered Engine Type, Plane Type and Region
Growth Drivers
Growing emphasis on light-weighting and fuel efficiency products
Fighter aircraft back-log growth
Growing aging aircraft fleet globally
Growing investment in Next-Generation military aircrafts
Pitfalls & Challenges
Exorbitant cost of Afterburner System
Afterburner Market Analysis
The air superiority fighter market had an estimated USD 35 million in 2019 due to growing demand for fighter aircraft in recent years to maintain air dominance. The air superiority fighter features advanced stealth materials or coating, information fusion technology, and sensors. The air superiority fighter offers situational awareness, higher survivability, pilot effectiveness, and improved readiness at lower support costs. Additionally, the growing production of indigenous 5th generation aircraft by nations will create a higher demand for afterburners.
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The turbofans engine type accounted for approximately 95% of the afterburner market share. The nations are enhancing military power to secure 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 sector registered significant growth in 2019; for example, in 2019, Lockheed Martin Corporation manufactured almost 134 F-35s fighter jets, with a 47% increment from 2018 and almost double the production rate of 2016, which are expected to fuel the turbofans engine and afterburner market.
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North America afterburner market dominated by the U.S. is expected to register over 11% CAGR during 2026. The U.S. alone manufactured over 160 fighter aircraft in 2019 and the U.S. accounted for approximately one-third of the world’s fighter aircraft production. Also, the U.S. has seen massive orders of its new 5th generation fighter aircraft even during covid-19. In 2020, Poland defense minister Mariusz Blaszczak inked a deal with the American government to purchase 32 F-35 fighter jets, to be delivered by 2024.
The growing covid-19 cases have tremendously affected the fighter plane manufacturing and the lag in delivering engine components since American aircraft makers are significantly reliant on Mexico for fuel system or sensor-based products, building backlog for producers.
The market for afterburners is very concentrated with four major market players holding majority control of the market. These firms are engaged in collaboration with fighter jet manufacturers or the local government to have a competitive edge over rest of manufacturers. For example, in June 2019, Pratt & Whitney received a contract worth USD 3.2 billion to deliver 233 fighter jets’ engines with afterburner for F-35 fighter aircraft to the U.S. and its allies.
As the demand for 5th generation fighter planes is growing, most of the manufacturers are cooperating with 5th generation plane manufacturers to make their products available in the future. For example, MTU Aero Engines AG has been in touch with Germany and France to create Next European Fighter Engine (NEFE) to replace multinational Eurofighter engine and Rafale.
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Afterburner Market Share
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
- MTU Aero Engines AG
Some of the significant strategies implemented by these manufacturers are collaboration with aircraft manufacturers, acquisition, new product development, and production capacity expansion.
