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Afterburner Market Research Report By Aircraft Type (Commercial Aircraft, Military Aircraft, Business Jets, Helicopters), By Technology (Digital Afterburners, Analog Afterburners, Hybrid Afterburners), By Propulsion System (Turbojet Engines, Turbofan Engines, Turboprop Engines), By Application (Combat Operations, Flight Training, Passenger Air Travel, Cargo Transportation) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032.


ID: MRFR/A&D/27183-HCR | 128 Pages | Author: Sejal Akre| November 2024

Afterburner Market Overview


Afterburner Market Size was estimated at 36.64 (USD Billion) in 2022. The Afterburner Market Industry is expected to grow from 38.74(USD Billion) in 2023 to 64.0 (USD Billion) by 2032. The Afterburner Market CAGR (growth rate) is expected to be around 5.73% during the forecast period (2024 - 2032).Afterburner MarketSource Primary Research, Secondary Research, MRFR Database and Analyst Review


Key Afterburner Market Trends Highlighted


Key market drivers for afterburners include the increasing demand for high-performance aircraft, rising military expenditure, and advancements in aerospace technology. As countries invest in modernizing their air forces, the need for aircraft with enhanced speed, maneuverability, and thrust becomes crucial. This leads to a surge in demand for afterburners, which significantly improve aircraft performance.


Opportunities for the afterburner market lie in the exploration of new materials, innovative designs, and cost-effective manufacturing processes. The adoption of composite materials and 3D printing technologies can reduce the weight and complexity of afterburners while enhancing their durability. Additionally, governments and defense agencies are continuously seeking to upgrade existing aircraft and develop new platforms, creating opportunities for aftermarket sales and retrofitting services.


Recent trends in the afterburner market include the integration of advanced electronics and sensors, enabling real-time monitoring and control of afterburner operation. The use of artificial intelligence (AI) and machine learning algorithms optimizes fuel efficiency, reduces emissions, and enhances aircraft performance. Moreover, the growing focus on sustainability has spurred research into eco-friendly afterburner technologies that minimize environmental impact.


Afterburner Market Drivers


Increasing Demand for Advanced Military Aircraft


The growing demand for advanced military aircraft is a major driver of the  Afterburner Market Industry. Afterburners are essential components of modern military aircraft, providing them with the additional thrust needed to achieve supersonic speeds and maneuverability. As countries around the world continue to modernize their air forces, the demand for afterburners is expected to increase significantly. Additionally, the development of new and more advanced military aircraft is also contributing to the growth of the Afterburner Market Industry.


Technological Advancements in Afterburner Design


The Afterburner Market Industry is also being driven by technological advancements in afterburner design. Manufacturers are continuously researching and developing new and improved afterburner technologies to enhance their performance and efficiency. These advancements include the use of new materials, improved fuel injection systems, and advanced control systems. As a result of these advancements, afterburners are becoming more powerful, more efficient, and more reliable.


Rising Defense Expenditure Worldwide


The rising defense expenditure worldwide is another major factor driving the  Afterburner Market Industry. Governments around the world are increasing their defense budgets in response to geopolitical tensions and the need to modernize their militaries. This increased spending is providing funding for the development and procurement of new and advanced military aircraft, which in turn is driving the demand for afterburners.


Afterburner Market Segment Insights


Afterburner Market Aircraft Type Insights  


The Afterburner Market is segmented by Aircraft Type into Commercial Aircraft, Military Aircraft, Business Jets, and Helicopters. Among these segments, the Military Aircraft segment is expected to hold the largest market share in 2023, owing to the increasing demand for advanced fighter jets and military aircraft with enhanced capabilities. The Commercial Aircraft segment is also expected to witness significant growth, driven by the rising demand for fuel-efficient and high-performance commercial aircraft. The Business Jets segment is expected to grow steadily, supported by the increasing demand for private and corporate jets.The helicopter segment is also expected to experience growth, driven by the increasing demand for helicopters for various applications such as search and rescue, law enforcement, and medical evacuation. The Afterburner Market is expected to witness significant growth over the forecast period, owing to the increasing demand for advanced aircraft and the rising need for enhanced performance and fuel efficiency. The market is also expected to benefit from the growing investments in defense and commercial aviation sectors. The increasing adoption of advanced technologies such as artificial intelligence and machine learning is also expected to drive the growth of the market.Key factors driving the growth of the  Afterburner Market include the increasing demand for advanced aircraft, the rising need for enhanced performance and fuel efficiency, the growing investments in defense and commercial aviation sectors, and the increasing adoption of advanced technologies. The market is also expected to benefit from the increasing demand for aircraft with enhanced capabilities, such as stealth technology and advanced avionics systems. The  Afterburner Market is a highly competitive market with a number of key players.Some of the major players in the market include General Electric, Pratt  Whitney, Rolls-Royce, Safran, and Honeywell. These players are constantly investing in research and development to improve the performance and efficiency of their products. The market is also characterized by the presence of a number of small and medium-sized players.


Afterburner Market By type 2023-2032


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Afterburner Market Technology Insights 


The Afterburner Market segmentation by Technology comprises Digital Afterburners, Analog Afterburners, and Hybrid Afterburners. Among these, the Digital Afterburners segment accounted for the largest Afterburner Market share in 2023 and is projected to continue its dominance throughout the forecast period 2024-2032. The growth of the Digital Afterburners segment can be attributed to the increasing demand for advanced and efficient afterburners in the aerospace industry. Digital Afterburners offer several advantages over traditional analog afterburners, including improved fuel efficiency, reduced emissions, and enhanced performance.The Analog Afterburners segment is expected to witness steady growth over the forecast period, owing to its wide application in military aircraft. Hybrid Afterburners, which combine the features of both digital and analog afterburners, are gaining popularity due to their ability to provide a balance between performance and efficiency.


Afterburner Market Propulsion System Insights  


The Propulsion System segment of the  Afterburner Market is expected to grow significantly in the coming years. Turbojet engines are expected to account for the largest share of the market, followed by turbofan engines and turboprop engines. The growth of the Propulsion System segment is primarily driven by the increasing demand for military aircraft and the rising need for more efficient and powerful engines. In 2024, the Propulsion System segment of the  Afterburner Market is expected to be valued at 12.56 Billion USD. By 2032, the market is projected to reach 20.25 Billion USD, exhibiting a CAGR of 5.8% during the forecast period.The growing demand for advanced propulsion systems for military and commercial aircraft is expected to drive the growth of the market. Furthermore, the increasing adoption of fuel-efficient and low-emission engines is also expected to contribute to the growth of the market.


Afterburner Market Application Insights  


The application segment plays a crucial role in driving the growth of the  Afterburner Market. Combat Operations currently holds the largest market share, owing to the increasing demand for advanced fighter jets and military aircraft. The segment is anticipated to maintain its dominance throughout the forecast period, driven by ongoing geopolitical tensions and the need for air superiority. Flight Training is another significant application segment, with a growing demand for afterburners in flight simulators and training programs. The increasing number of commercial airlines and the need for skilled pilots are contributing to the growth of this segment.Passenger Air Travel and Cargo Transportation are also expected to contribute to the overall market growth. The increasing demand for air travel and the expansion of e-commerce are driving the need for afterburners in commercial aircraft and cargo planes. Overall, the  Afterburner Market is expected to witness steady growth over the coming years, with various application segments contributing to its expansion.


Afterburner Market Regional Insights  


The Afterburner Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest regional market, accounting for about 35% of the  market. Europe is the second largest regional market, accounting for about 25% of the  market. APAC is the fastest-growing regional market, with a CAGR of 6.5%. The growth of the Afterburner Market in North America is driven by the increasing demand for fighter jets and other military aircraft. The growth of the Afterburner Market in Europe is driven by the growing demand for commercial aircraft.The growth of the Afterburner Market in APAC is driven by the increasing demand for both military and commercial aircraft. The key players in the Afterburner Market include General Electric, Pratt  Whitney, and Rolls-Royce. These companies are investing heavily in research and development to develop new and innovative afterburner technologies.


Afterburner Market By Regional 2023-2032


Source Primary Research, Secondary Research, MRFR Database and Analyst Review


Afterburner Market Key Players And Competitive Insights


Major players in the Afterburner Market are continuously investing in research and development to enhance their product offerings and gain a competitive edge. Leading Afterburner Market players are focusing on developing advanced technologies and innovative solutions to meet the evolving demands of the market. The Afterburner Market industry is witnessing a rise in strategic collaborations and partnerships among key players to strengthen its market position and expand its geographical reach. Afterburner Market development is driven by the increasing demand for aircraft with enhanced performance and capabilities, leading to a rise in demand for advanced afterburner systems. The Afterburner Market Competitive Landscape is characterized by intense competition among established players, as well as the emergence of new entrants.


Among the leading companies in the Afterburner Market is Rolls-Royce, a  leader in the aerospace and defense industry. The company offers a range of afterburner systems for military and commercial aircraft, including the Rolls-Royce Nene and Rolls-Royce Olympus engines. Rolls-Royce is known for its advanced engineering capabilities and commitment to innovation, which has enabled it to maintain a strong position in the market. The company's afterburner systems are renowned for their reliability, efficiency, and performance, catering to the demanding requirements of the aviation industry.Another prominent player in the Afterburner Market is General Electric (GE), a multinational conglomerate with a significant presence in the aviation sector. GE's Aviation division offers a portfolio of afterburner systems for both military and commercial applications. The company's F110 and F118 engines are widely used in fighter aircraft, while its GEnx and GE90 engines are employed in commercial airliners. GE is recognized for its cutting-edge technologies and focus on customer satisfaction, which has contributed to its success in the Afterburner Market. The company continues to invest heavily in research and development, aiming to enhance the performance and efficiency of its afterburner systems.


Key Companies in the Afterburner Market Include



  • Pratt Whitney

  • IshikawajimaHarima Heavy Industries

  • Tohoku Electric Power

  • Safran SA

  • United Technologies Corporation

  • Honeywell International

  • Kawasaki Heavy Industries

  • Shikoku Electric Power

  • Kyushu Electric Power

  • RollsRoyce Holdings

  • Chubu Electric Power

  • Mitsubishi Heavy Industries

  • General Electric

  • MTU Aero Engines


Afterburner Market Industry Developments


The afterburner market is projected to reach USD 64.0 billion by 2032, exhibiting a CAGR of 5.73% during the forecast period (2024-2032). Rising demand for advanced aircraft systems, increasing military spending, and technological advancements in afterburner systems are driving the market's growth. Key industry participants include Pratt  Whitney, General Electric, Rolls-Royce, Safran, and Honeywell. Recent developments include the integration of additive manufacturing in afterburner production and the development of variable-cycle engines with advanced afterburner capabilities. The market is expected to witness significant growth in the Asia-Pacific region due to increased defense spending and the expansion of the aviation industry.


Afterburner Market Segmentation Insights


Afterburner Market Aircraft Type Outlook



  • Commercial Aircraft

  • Military Aircraft

  • Business Jets

  • Helicopters


Afterburner Market Technology Outlook



  • Digital Afterburners

  • Analog Afterburners

  • Hybrid Afterburners


Afterburner Market Propulsion System Outlook



  • Turbojet Engines

  • Turbofan Engines

  • Turboprop Engines


Afterburner Market Application Outlook



  • Combat Operations

  • Flight Training

  • Passenger Air Travel

  • Cargo Transportation


Afterburner Market Regional Outlook



  • North America

  • Europe

  • South America

  • Asia Pacific

  • Middle East and Africa


 

Report Attribute/Metric Details
Market Size 2022 36.64(USD Billion)
Market Size 2023 38.74(USD Billion)
Market Size 2032 64.0(USD Billion)
Compound Annual Growth Rate (CAGR) 5.73% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled Pratt  Whitney, IshikawajimaHarima Heavy Industries, Tohoku Electric Power, Safran SA, United Technologies Corporation, Honeywell International, Kawasaki Heavy Industries, Shikoku Electric Power, Kyushu Electric Power, RollsRoyce Holdings, Chubu Electric Power, Mitsubishi Heavy Industries, General Electric, MTU Aero Engines
Segments Covered Aircraft Type, Technology, Propulsion System, Application, Regional
Key Market Opportunities Increasing demand for military aircraft Rise of autonomous aerial vehicles Growing use in civilian applications Technological advancements Expanding use in commercial aerospace
Key Market Dynamics Rising demand for high-power engines Increasing military spending Advancements in aircraft technology Growing popularity of unmanned aerial vehicles Stringent environmental regulations
Countries Covered North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The afterburner market is projected to reach a valuation of 38.74 billion USD in 2023.

The afterburner market is expected to reach a valuation of 64.0 billion USD by 2032.

The afterburner market is projected to grow at a CAGR of 5.73% from 2024 to 2032.

North America is expected to dominate the afterburner market in 2023, accounting for a significant share.

Afterburners are primarily used in aircraft engines to increase thrust and enhance performance, particularly during takeoff and combat maneuvers.

Key players in the afterburner market include companies such as General Electric, Rolls-Royce, Safran, and Pratt Whitney.

Rising demand for advanced aircraft, increasing military spending, and technological advancements in engine design are driving the growth of the afterburner market.

The military segment is expected to witness substantial growth in the afterburner market due to increased demand for fighter jets and other military aircraft.

Advancements in materials science, digital technologies, and sustainable aviation practices are emerging trends influencing the afterburner market.

Government regulations related to aircraft emissions and safety standards impact the development and deployment of afterburners in the aerospace industry.

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