Afterburner Market 2020-2026; Growth Forecast & Industry Share Report - PowerPoint PPT Presentation

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Afterburner Market 2020-2026; Growth Forecast & Industry Share Report

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The air superiority fighter segment contribution in the afterburner market will grow at nearly 13% CAGR up to 2026 – PowerPoint PPT presentation

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Title: Afterburner Market 2020-2026; Growth Forecast & Industry Share Report


1
Afterburner Market Growth Industry Analysis
Report, 2020-2026
2
Continued
  • The air superiority fighter segment contribution
    in the afterburner market will grow at nearly 13
    CAGR up to 2026, due to stealth ability,
    long-range capability, and secondary
    ground-attack ability. The benefits of air
    superiority fighter jets such as high
    maneuverability, long-range weapon ability, and
    supersonic ability will augment demand for
    aircraft afterburner to a large extent.

3
Key Insights Afterburner Market
  • The industry size will further be fostered by an
    increase in the aging fleet across the region.
    Notably, for producing LCA Tejas, India
    inaugurated four additional assembly lines in
    2019. The industry players in India are
    emphasizing on entering into contracts with
    governments for servicing and maintenance of the
    aircraft engines.
  • Prominent industry players have entered into
    joint ventures with leading aircraft
    manufacturers to strengthen their market presence
    and to expand their product and services
    portfolio. For example, Boeing and Safran in
    2018, set up a joint venture company, Initium
    Aerospace, which is involved in designing,
    building, and servicing aircraft Auxiliary Power
    Units (APUs).

4

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5
Major Companies Afterburner Market
  • Rolls-Royce plc
  • GE AVIATION
  • Pratt Whitney
  • Honeywell Aerospace
  • Aviadvigatel
  • SE Ivchenko-Progress
  • Safran
  • Eurojet JSC

6
Regional Afterburner Market
  • The APAC industry growth will be augmented by the
    expanding India fighter aircraft market, along
    with the mass production of aircraft in the
    country. Reportedly, the Asia Pacific afterburner
    industry held a market share of over 25 in 2019.

7
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