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Technavio predicts a rise in the demand for strategic bombers from the US Air Force

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Strategic bomber: Key market research findings

  • The Americas dominate the market geographically
  • Turbofan engines account for a majority share of the market’s revenue
  • Key vendors – Boeing, Northrop Grumman, Tupolev, and Xi’an Aircraft Industrial

Technavio’s market research analysts predict the global market for strategic bombers to grow at a CAGR of around 4% between 2016 and 2020. The growth of this market is driven by the rising use of strategic bombers in maritime military drills and patrols. The changing nature of modern warfare coupled with emerging tensions in many parts of the globe is reshaping the use of strategic bombers across the globe. Currently, strategic bombers are being deployed for conducting maritime patrols and are used extensively for maritime military exercises. In 2015, the Americas accounted for more than 54% of the overall market share to become the dominant shareholder in the global strategic bomber market. The rising need to deploy advanced and long-range strategic bombers within the US Air Force will contribute to the growth of the strategic bomber market in the Americas during the forecast period.

The new market research report from Technavio presents a breakdown and analysis of the strategic bomber segments based on the aircraft engine type.

“Substantial advancements are being made in the field of stealthware technology. Also called low observable technology, it advocates a sub-discipline of defense tactics that promotes passive electronic countermeasures to make aircraft, submarines, ships, missiles, and satellites less visible or undetectable to radars, infrared, sonars, or other detection platforms. At present, this technology is undergoing distinguishable changes with respect to the selection of materials, aerodynamic designs, and operational techniques of combat platforms,” says Abhay Kumar Singh, Lead Analyst, Aerospace & Defense, Technavio Research.

By 2020, the turbofan segment will account for almost 74% of the overall market revenue to retain its position as the key revenue contributor in the global market for strategic bombers. In a turbofan engine, a part of the air is exhausted without passing it through the core to produce additional thrust. These engines are also called bypass jets and are more efficient as opposed to its counterparts. Turbofans are the modern version of aircraft turbine engines and are used in most of the new generation supersonic strategic bombers. Ongoing sustainment and modernization efforts for turbofan-powered strategic bombers are anticipated to reflect positively on the growth of this market segment during the forecast period.

The key vendors in the global strategic bomber market include Boeing, Northrop Grumman, Tupolev, and Xi’an Aircraft Industrial. The existing key vendors in the market should recognize and respond to the evolving trends of the market for ensuring their long-term survival and achievements in the market. These players can also offer end-to-end solutions to the customers to tap into the potential from the shifting demands of modern warfare. However, taking advantage of these opportunities will require a comprehensive and detailed understanding of the progressive military market.  Vendors would also have to respond to the changing military spending and buying patterns, as well as to the buyer’s predisposition toward obtaining a strategic bomber that has long-term, cost-efficient advantage. Providing long-term support services in addition to technological upgrades can help vendors to sustain themselves in the market and take advantage of new business opportunities.    

A more detailed analysis is available in the Technavio report, Global Strategic Bomber Market 2016-2020.

We can customize reports by other regions and specific segments upon request.

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