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2020-03-24
680
Global
Global aircraft auxiliary power unit market has been performing well and will continue to grow moderately as per the global aircraft market (commercial and military). There is a huge competition among the manufacturers over the advanced technology being used to manufacture auxiliary power units. Because of the advantages of using auxiliary power unit (APU) as a supporting engine, the demand for auxiliary power unit is expected to boost over the forecast years.
Goldstein Market Intelligence analyst forecast the aircraft auxiliary power unit market size is growing at a CAGR of 3.5% through the forecast years (2017-2030). Expansions of aircraft manufacturing industry along with the upcoming technological advancements are the two key factors which are triggering the growth of global aircraft auxiliary power unit market.
Very Large Aircraft (VLA)
Wide Body Aircraft (WBA)
Narrow Body Aircraft (NBA)
Fighter Jet
Unmanned Aerial Aircraft (UAV)
Civil
Military
On the basis of aircraft type, military aircrafts holds the largest market share of 59.0% in global aircraft auxiliary power unit market, owing to the higher cost of military aircraft APU than the commercial aircraft APU and the larger number of military aircrafts are in use is leading to more revenue and capturing greater market share. After military aircrafts, commercial aircrafts have started using APU’s intensively to support the development of new generation aircraft with reduced noise, carbon emission and fuel consumption.
Based on geography, Europe being the next biggest market for aircraft auxiliary power unit there has been increase in the supply of manufactured aircrafts in 2017 by 9.2% compared to 2016 aircraft orders. Air traffic has been increasing significantly in Asia-Pacific with 6.2% annually, attracting higher demand for the aircrafts and hence the APU installed in those aircrafts.
According to our global market study on the basis of extensive primary and secondary research, “The rising trend is the use of technology to make APU more efficient, by reducing its size, tackling overheating issues, reducing noise and vibrations. The new aircrafts such as Airbus A320 and Boeing 747 are using APU for better aircraft performance.” The major trend is the presence of high end interiors in advanced aircrafts and growing electrification of aircraft systems.
According to the report, major driving factor for expansion of global aircraft auxiliary power unit market is the high demand for using APU, hence the current demand has reached to 95,000 units of global annual production. The innovative features of APU has led it to 2nd position i.e. 20.4 % market share of auxiliary power unit market in the total aviation gas turbine market that generates pressurized air for main engine to start, provides power to cockpit and cabin areas for which main engine fuel has not to be wasted, and acts as supportive engine in case of failure of main engine.
Further, the major challenge for this industry is the fuel cells, substitute to the use of APU in aircrafts. They are non-polluting because of using liquid hydrogen. Using fuel cells will cut consumption of plane fuel by 15% and reduce carbon emissions. Using Fuels cells will drastically decline the APU market.
The report covers the present ground scenario and the future growth prospects of the aircraft auxiliary power unit market for 2017-2030 along with the statistics of the shipment of aircraft auxiliary power units. We calculated the market size and revenue share on the basis of revenue generated from major players and sales of aircraft auxiliary power unit from major players across the globe. Moreover, the growth in aviation industry is also contributing a positive push to auxiliary power units in aircraft industry. On the basis of growth in aircraft technology, we have forecasted the global aircraft auxiliary power unit market size.
Aircraft auxiliary power unit market outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the aircraft auxiliary power unit market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global aircraft auxiliary power unit market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
Global aircraft auxiliary power unit market report comprises of the following companies as the key players in the aircraft auxiliary power unit market.
Other high-flying vendors in the aircraft auxiliary power unit market are: Aerosila, Liebherr, Jenoptik AG., Astronics, Motor Sich, ATC Aerospace.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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