The Global Aircraft Auxiliary Power Unit Market Size is anticipated to reach USD 4.3 Billion by 2030, it is expected to grow at a CAGR of 3.20% during 2022-2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Aircraft Auxiliary Power Unit market.Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Aircraft Auxiliary Power Unit market. In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. The auxiliary power unit market is anticipated to be driven over the forecast period by this industry’s rapid technological advancements as well as rivalry among global market players. The market is anticipated to grow over the next few years as a result of increased e-commerce activity and the extensive use of APUs in trading trucks. Additionally, the market is anticipated to be driven during the forecast years by an increase in aviation travel and a rise in the demand for electric aircraft.
The aircraft auxiliary power unit market has been negatively affected by the COVID-19 pandemic. Due to the pandemic’s impact on passenger travel, demand for new commercial airplanes has decreased. Auxiliary power unit manufacturing supply chain restrictions on the transportation of essential components have also had an effect on the market. However, the situation has improved in 2021 due to a rise in passenger traffic and the restarting of aircraft deliveries by several airlines.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Aircraft Auxiliary Power Unit market, which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Aircraft Auxiliary Power Unit market, are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. The market for aviation auxiliary power units is divided into three categories: fixed-wing, rotary-wing, and unmanned aerial vehicles (UAVs). Due to a rise in the number of fixed-wing commercial aircraft delivered during the base year, the fixed-wing segment dominated the market among these. During the anticipated period, the UAVs segment will expand significantly. The increased use of UAVs for both military and commercial purposes is to blame for this development. The platform divides the market into airplanes for use in the military and in commerce. The industry is divided into five regions based on geography: North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
Based on types, the Aircraft Auxiliary Power Unit market is segmented into:
- Battery Power
- Electric Ground Power
- Other
By Platform:
- Commercial
- Military
Based on application, the Aircraft Auxiliary Power Unit market is segmented into:
- Civil Aircraft
- Military Aircraft
- Other
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Recent Development
For its 131-9A auxiliary power unit for single-aisle Airbus airplanes, Honeywell International Inc. unveiled a high-efficiency mode upgrade in October 2020.
A contract totaling USD 72.8 million was awarded to Honeywell International Inc. in March 2020 for the development of Navy aircraft APU. This deal covered the maintenance, repair, and support of the auxiliary power units used by the P-3 Orion, C-2 Greyhound, and the majority of F/A-18 Hornet models.
Regional Analysis
The market for aviation auxiliary power units is divided into five regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. The benchmark year saw a significant market share for North America. This share is ascribed to the fact that there are numerous aircraft manufacturers and aircraft APU producers in the United States. The U.S. Department of Defense (DoD) also spends a lot of money implementing cutting-edge solutions for military use. Auxiliary power unit development is also anticipated to increase with the growing use of HALE and MALE UAVs for combat purposes.
Due to the rising demand for quieter aircraft APU, the European market had the second-largest proportion in the base year.
During the anticipated time, the market in Asia Pacific will expand significantly. This expansion can be attributed to the rising demand for both military and commercial airplanes. Additionally, the expansion of the defense funding to improve military capabilities encourages market expansion. For instance, the Indian government intended to spend USD 30 billion on military by 2035.
Regional Aircraft Auxiliary Power Unit market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
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- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in Aircraft Auxiliary Power Unit market include:
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- Aircraft Auxiliary Power Unit market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization: This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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Key Market Participants in the Aircraft Auxiliary Power Unit market:
Honeywell International Inc. (The U.S.), Hamilton Sundstrand Corp. (The U.S.), Technodinamika (Russia), Kinetics Ltd. (Israel), Rolls-Royce plc.
Recent Development
For its 131-9A auxiliary power unit for single-aisle Airbus airplanes, Honeywell International Inc. unveiled a high-efficiency mode upgrade in October 2020.
A contract totaling USD 72.8 million was awarded to Honeywell International Inc. in March 2020 for the development of Navy aircraft APU. This deal covered the maintenance, repair, and support of the auxiliary power units used by the P-3 Orion, C-2 Greyhound, and the majority of F/A-18 Hornet models.
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