Global Aircraft Auxiliary Power Unit Market is valued at approximately USD XXX in 2021 and is anticipated to grow with a healthy growth rate of more than 4% over the forecast period 2022-2028. With the exception of the aircraft's main propulsion system, the auxiliary power unit (APU) supplies electrical and mechanical power for the systems to operate effectively. One of the main factors fueling the expansion of the aviation auxiliary power unit (APU) market is the rise in the number of military aircraft. Due to nations like Japan, Vietnam, and the Philippines growing their aerial fleet in reaction to China's attempts to establish territorial claims in the South China Sea, Asia has recently been the region that has purchased the most fighter aircraft. On the other hand, India is involved in border conflicts with Pakistan and is troubled by Chinese efforts to increase Beijing's influence in South Asia. Due to Israel's close links to the current Saudi government, 18 fighter planes have been stationed in Saudi Arabia to back up Crown Prince bin Salman. South Korea increased its defence budget by 7.4 percent for 2020 in order to bolster self-defense capabilities in the face of rising security risks. Increasing investments will fuel the growth of the aviation auxiliary power unit (APU) market over the projected period. However, one of the constraints impeding the growth of the military aviation APU market is the development of fuel cells for unmanned aerial vehicles (UAVs).
The key regions considered for the global Aircraft Auxiliary Power Unit Market include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific is leading the overall market share. The significant rise in passenger traffic in the region's main countries such as China, India, and Japan is generating demand for numerous new aircraft purchases from Asia Pacific carriers. Whereas, the North American area is expected to be the largest market for Auxiliary Power Units (APU). The presence of major aircraft manufacturers such as Boeing Company (US) and Bombardier Inc. (Canada) drives the aircraft Auxiliary Power Unit (APU) industry in this area.
Major market players included in this report are:
Aegis Power Systems Inc.
Honeywell International Inc.
Liebherr International AG
PBS Group AS
Raytheon Technologies Corp.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Aircraft Auxiliary Power Unit Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers