Global Afterburner Market, By Type (Turbofans Engine, Turbojet Engine), Plane Type (Air Superiority Fighter, Interceptor Aircraft, Light Fighter), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Afterburner Market
The afterburner market will reach an estimated value of USD 110.3 million by 2020 and grow at a CAGR of 8.50% in the forecast period of 2021 to 2028. The rise in the focus on light-weighting and fuel efficiency products is an essential factor driving the afterburner market
Afterburner is defined as an additional combustion component used on some jet engines, primarily those on military supersonic aircraft. Its vital purpose is to increase thrust, usually for supersonic flight, take-off, and combat. Afterburning helps in increasing thrust as an alternative to use a bigger engine with its attendant weight penalty, but at the cost of very high fuel consumption which limits its use to short periods.
Rise in the growth in fighter aircraft back-log is a crucial factor accelerating the market growth, also rise in the aging aircraft fleet worldwide, increase in the investment in next-generation military aircrafts, rise in the large fighter aircraft production and increase in the investments in the development of next generation fighter aircraft are the major factors among others boosting the afterburner market. Moreover, increasing technological advancements and modernization in the production techniques and rise in the research and development activities will further create new opportunities for afterburner market in the forecast period mentioned above.
However, prohibitive cost of afterburner system is the major factors among others restraining the market growth, and will further challenge the afterburner market in the forecast period mentioned above.
This afterburner market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the afterburner market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Afterburner Market Scope and Market Size
The afterburner market is segmented on the basis of type and plane type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the afterburner market is segmented into turbofans engine and turbojet engine.
- The afterburner market is also segmented on the basis of plane type into air superiority fighter, interceptor aircraft and light fighter.
Afterburner Market Scope Country Level Analysis
The afterburner market is analysed and market size, volume information is provided by country, type and plane type as referenced above.
The countries covered in the afterburner market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the afterburner market due to rise in the aging aircraft fleet worldwide, increase in the investment in next-generation military aircrafts, rise in the large fighter aircraft production and increase in the investments in the development of next generation fighter aircraft in this region.
The country section of the afterburner market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Afterburner Market Share Analysis
The afterburner market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to afterburner market.
The major players covered in afterburner market report are Rolls-Royce plc, GE Aviation, Raytheon Technologies Corporation, Honeywell International Inc, SE Ivchenko-Progress, Aviadvigatel, Safran, EuroJet Turbo GmbH, JSC "Klimov" — United engine corporation and MTU Aero Engines AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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