The afterburner market is expected to record robust growth over the forthcoming years on account of the burgeoning deployment of fighter aircrafts across developing nations. Over the past few years, emerging economies worldwide have been investing heavily in their security landscape. For instance, in Sept. 2016, India inked an agreement with the French government to procure 36 new Rafale fighter jets for €7.87 billion. The nation has already received the first batch of five fighter planes in July 2020. Aided by initiatives like the aforementioned, the afterburner market is anticipated to record lucrative growth over the forecast period.
As per a study conducted on., the afterburner market size is anticipated to surpass USD 125 million by 2026.
Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/4872
In the aeronautics sector, fuel efficiency is considered to be one of the most crucial aircraft parameters. As the weight of aircraft increases, its cost of flying hours and fuel consumption also increases. To counter this, afterburner manufactures worldwide are nowadays using cutting-edge manufacturing techniques such as additive or 3D manufacturing. This has enabled the companies to achieve around a 25% reduction in the weight of the assembly components. Based on this trend, studies suggest that the afterburner market is expected to record significant growth over the forecast period.
APAC afterburner is expected to record significant growth over the forecast period owing to burgeoning aircraft production. In fact, in 2019, Asia Pacific held more than 25% of the total market share of the global afterburner market. Nations in the region are investing heavily in strengthening their defense sector, which in turn will drive the afterburner growth.
For instance, in 2019, India established four additional assembly lines for manufacturing Tejas fighter aircraft. Such initiatives are likely to accelerate afterburner market growth in the region. Besides, the strong focus of regional industry participants to win government contracts for maintenance and servicing of the aircraft engines is likely to further accelerate APAC afterburner trends over the ensuing years.
List of the Key Companies that are Operating in the Afterburner Market. They are as follows:
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.
Request for Customization of this report @ https://www.decresearch.com/roc/4872
Table Of Content:
Chapter 4 Afterburners Market, By Engine Type
4.1 Global afterburner insights, by engine type
4.2 Turbofans Engine
4.2.1 Global market estimates and forecasts, 2016 - 2026
4.2.2 Market estimates and forecast, by region, 2016 - 2026
4.3 Turbojet Engine
4.3.1 Global market estimates and forecasts, 2016 - 2026
4.3.2 Market estimates and forecast, by region, 2016 – 2026
Chapter 5 Afterburners Market, By Plane Type
5.1 Global afterburner insights, by plane type
5.2 Air Superiority Fighter
5.2.1 Global market estimates and forecasts, 2016 - 2026
5.2.2 Market estimates and forecast, by region, 2016 - 2026
5.3 Light fighter
5.3.1 Global market estimates and forecasts, 2016 – 2026
5.3.2 Market estimates and forecast, by region, 2016 – 2026
5.4 Electric Compressor
5.4.1 Global market estimates and forecasts, 2016 – 2026
5.4.2 Market estimates and forecast, by region, 2016 - 2026
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/afterburner-market
About Us: - DecResearch.com, powered by GMI, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI. Via this platform, users not only get to answers to their questions about these reports, they also have an additional avenue to talk to the sales and research teams of GMI to learn more about the topics of their interest.
Contact Us: -
Website: - https://www.decresearch.com/
Email: [email protected]