Global Aircraft Auxiliary Power Unit (APU) Market Overview:
An Auxiliary Power Unit (APU) is a small jet engine located typically in the tail section of an aircraft, which provides electrical and pneumatic power when the main engines are not running. In some cases, the APU is located in an engine nacelle or in the wheel well. The APU allows the aircraft to operate autonomously from any ground support systems such as ground power unit (GPU), an external air-conditioning unit or a high-pressure air start cart. The APU is typically used to power the aircraft's electrical systems and provide air conditioning and pressurization for the aircraft when it is on the ground.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Technological Advancement in APU for Lower Fuel Consumption and CO2 Emissions
Market Growth Drivers:
Growing Air Travel Demand in Developing Nations and Growing Production of Aircraft's
Restraints:
Development of APU replacements such as hydrogen fuel cells to provide non-propulsive energy.
Competitive Landscape:
Aircraft Auxiliary Power Unit is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge
Some of the key players profiled in the report are AEROSILA (Russia), Motor Sich JSC (Ukraine), Technodinamika (Russia), Hamilton Sundstrand Corp. (United States), Rolls-Royce plc (United Kingdom), PBS Group, a. s. (United States), Honeywell International Inc. (United States), Eaton Corporation plc (Ireland), Microturbo (France), Pratt & Whitney Corp. (United States), AEGIS Power Systems Inc. (United States) and JSC NPP Aerosila (Russia). Additionally, following companies can also be profiled that are part of our coverage like Kinetics Ltd. (United States), Safran Power Units (France) and Others. Analyst at AMA Research see United States Players to retain maximum share of Global Aircraft Auxiliary Power Unit (APU) market by 2028.
Considering Market by , the sub-segment i.e. will boost the Aircraft Auxiliary Power Unit (APU) market.Latest Market Insights:
In June 2023, Honeywell upgrade for aircraft auxiliary power unit lowers fuel consumption and CO2 emissions. The upgrade is intended for any aircraft already operating a 131-9B APU, including Boeing 737-600, 737-700, 737-800, 737-900 and 737 MAX models.
In May 2023, CAG launched new engine, APU support business. UK based independent aviation solutions provider Aircraft Group (CAG) continues to expand its capabilities with the launch of a new commercial engine and auxiliary power unit support business.
What Can be Explored with the Aircraft Auxiliary Power Unit (APU) Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aircraft Auxiliary Power Unit (APU) Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aircraft Auxiliary Power Unit (APU)
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aircraft Auxiliary Power Unit (APU) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aircraft Auxiliary Power Unit (APU) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Auxiliary Power Unit Manufacturer, Auxiliary Power Unit Provider, Research and Development, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.