Apu Industry Market Scope
Auxiliary Power Unit (APU) is a device which provides energy to the vehicle (mostly aircraft) for purpose other than propulsion. It provides both electrical power and air to the airplane. It is usually a small turbine engine that runs on the aircraft fuel.
According to AMA, the Global Apu Industry market is expected to see growth rate of 4.67%Apu industry market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Apu Industry market throughout the predicted period.
Safran [France], Elbit Systems Ltd. [Israel], The Dewey Electronics Corporation [United States], The Marvin Group [United States], Honeywell International Inc. [United States], Jenoptik Group [Germany], AEGIS Power Systems, Inc. [United States], Pratt & Whitney Division [United States], Advanced Space Power Equipment GmbH (Germany) and FIMAC S.p.A. (Italy) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Aerosila [Russia], Technodinamika (Russia), United Technologies Corporation [United States], Falck Schmidt Defence Systems [Denmark], MOTOR SICH JSC (Ukraine) and PBS Group, a. s. (Czech Republic).
Segmentation Overview
The study have segmented the market of Global Apu Industry market by Type (Aircraft APU, Vehicle APU and Others), by Application (Civil and Military) and Region with country level break-up.
On the basis of geography, the market of Apu Industry has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Demand for Non-polluting Auxiliaries Power Unit, Lithium-ion Battery Powered Units and Up-gradation Programs for Aircraft Fleet
Market Growth Drivers:
Rising Number of Military Aircraft, Ability to Provide Cost Effective Solution to Aircraft and Supply of Emergency Energy
Challenges:
Voltage Drops owing to High Frequency and Changing Geopolitical Environment leading to Impact on Import and Export Activities of Defense Equipment
Restraints:
Low Defense Budget In Emerging Economies and High Cost of the Devices
Opportunities:
Growing Adoption of Fuel Cell Technology, Requirement for Additional Power Back Up Source and Shift Towards Electrical Powered APUs
Market Leaders and their Expansionary Development Strategies
July 2018 - : Jenoptik completed the acquisition of Canadian company Prodomax Automation Ltd. to strengthen its market presence in Germany.
Recently in October 2018, Honeywell Engines agreed to a deal to power Embraer's latest executive aircraft models. The aircraft is also equipped with Honeywell's auxiliary power units, cabin-related management systems, pressure and control systems and environmental controls.
Defense equipment are subjected to stringent regulatory guidelines regarding certification, import and export. As per European Aviation Safety Agency, "The APU manufacturer should give the aircraft manufacturer the information on the assumptions which were made for the issuance of the APU certificate and which need to be taken into account when designing the installation".
Key Target Audience
Original Equipment Manufacturers (OEMs), Government Agencies, Potential Investors, Research Institutes and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.