Our in-depth analysis of the aircraft APU market includes the following segments:
By Aircraft Type
By End User
On the basis of regional analysis, the global aircraft APU market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America and Europe are anticipated to hold the leading shares in the market during the forecast period on the back of rising number of manufacturers of aircraft auxiliary power units as well as increasing implementation of noise control mandates at the airports by government authorities in these regions. Furthermore, Asia Pacific is projected to witness significant market growth over the upcoming years ascribing to the rising demand for auxiliary power units for military and commercial aircrafts. Additionally, growing population along with high productivity attained in the industry are expected to drive market growth in the region. In 2018, Asia’s total population was an estimated value of 4.57 billion people. The figure grew up to 4.65 billion by 2020.
The aircraft APU market is further classified on the basis of region as follows:
September 18th, 2019: Honeywell International Inc has reached two major milestones with respect to the production of aircraft auxiliary power units by rolling out its 100,000th overall and the 15,000th of its most popular variant fly, i.e., the 131-9 model.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Ipsheeta Dash, Sadaf Naaz
Ans: The major growth drivers for the market are rising requirement for premium quality aircrafts and increasing demand for aircrafts globally.
Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2022 – 2030.
Ans: Lack of effective battery technology for APUs is estimated to hamper the market growth.
Ans: Asia Pacific will provide more business opportunities to the market owing to the increasing demand for auxiliary power units for military and commercial aircrafts.
Ans: The major players in the market are AEGIS Power Systems, Inc., JSC NPP Aerosila, Honeywell International Inc, JSC Technodinamika, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by aircraft type, product, end user, and by region.
Ans: The commercial aircraft segment is anticipated to hold largest market size and is estimated to grow at a notable CAGR over the forecast period and display significant growth opportunities.