Dublin, Sept. 20, 2023 (GLOBE NEWSWIRE) -- The "Aircraft Auxiliary Power Unit Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The global aircraft auxiliary power unit (APU) market is poised for growth, with a projected increase from $3.22 billion in 2022 to $3.35 billion in 2023, reflecting a 4.2% compound annual growth rate (CAGR). However, the Russia-Ukraine war has created short-term disruptions in the global economy, impacting markets worldwide. Despite these challenges, the APU market is anticipated to reach $3.85 billion by 2027, with a CAGR of 3.5% from 2023 to 2027.
Key Market Trends:
- Technological Advancements: The APU market is witnessing a trend of technological advancements. Major players are focusing on innovative solutions to enhance their market position. For example, Honeywell introduced a high-efficiency mode upgrade for its Airbus auxiliary power unit, promising increased efficiency and fuel savings.
- Strategic Acquisitions: In November 2022, Safran, a French aerospace company, acquired Thales' aeronautical electrical systems business, expanding its portfolio and venturing into new sectors such as defense and helicopters.
Market Dynamics:
- Regional Dominance: North America led the APU market in 2022, while Asia-Pacific is expected to witness the highest growth in the coming years.
- Rising Air Travel Demand: Increasing demand for air travel is a significant driver of the APU market. APUs play a crucial role in enabling aircraft to operate independently without ground support, supporting the growth of the aviation industry.
Market Segmentation:
- The aircraft APU market includes sales of battery, hydraulic accumulator, and combustion engines using various fuels.
- Key countries analyzed in the report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Reasons to Purchase:
- Gain insights into the APU market's global and regional dynamics.
- Understand the market's response to the Russia-Ukraine war and COVID-19.
- Assess the impact of global inflation on market growth.
- Identify growth opportunities and investment strategies.
- Benchmark performance against key competitors.
Key Questions Answered:
- What is the projected growth of the aircraft auxiliary power unit market in 2023?
- How have global events like the Russia-Ukraine war and COVID-19 impacted the market?
- What are the key trends and drivers in the APU market?
- Which regions and countries are expected to witness the highest growth?
- What role does increasing air travel demand play in the market's growth?
Despite global challenges, the aircraft auxiliary power unit market remains resilient, with steady growth anticipated in the coming years. Technological advancements and rising air travel demand are key factors contributing to this growth. Companies in the aviation industry should closely monitor these trends and consider strategic investments to capitalize on market opportunities.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 275 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $3.35 billion |
| Forecasted Market Value (USD) by 2027 | $3.85 billion |
| Compound Annual Growth Rate | 3.5% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Aircraft Auxiliary Power Unit Market Characteristics
3. Aircraft Auxiliary Power Unit Market Trends And Strategies
4. Aircraft Auxiliary Power Unit Market - Macro Economic Scenario
4.1. COVID-19 Impact On Aircraft Auxiliary Power Unit Market
4.2. Ukraine-Russia War Impact On Aircraft Auxiliary Power Unit Market
4.3. Impact Of High Inflation On Aircraft Auxiliary Power Unit Market
5. Aircraft Auxiliary Power Unit Market Size And Growth
5.1. Global Aircraft Auxiliary Power Unit Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Aircraft Auxiliary Power Unit Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Aircraft Auxiliary Power Unit Market Segmentation
6.1. Global Aircraft Auxiliary Power Unit Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Battery Power
- Electric Ground Power
6.2. Global Aircraft Auxiliary Power Unit Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Fixed Wind
- Wide Body
- Narrow Body
- Rotary Wing
- Unmanned Aerial Vehicle
- Other Types
6.3. Global Aircraft Auxiliary Power Unit Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Military Aircrafts
- Commercial Aircrafts
- General Aviation
7. Aircraft Auxiliary Power Unit Market Regional And Country Analysis
7.1. Global Aircraft Auxiliary Power Unit Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Aircraft Auxiliary Power Unit Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Major players in the Aircraft Auxiliary Power Unit market are
- Honeywell International Inc.
- Hamilton Sundstrand Corporation
- Technodinamika
- Kinetics Ltd.
- Rolls-Royce PLC
- AEGIS Power Systems Inc.
- Pratt & Whitney
- Safran Power Units
- United Technologies Corporation
- The Dewey Electronics Corporation
- Liebherr-Aerospace Lindenberg GmbH
- General Electric Company
- BAE Systems
- Raytheon Technologies
- BOSA SA Group
For more information about this report visit https://www.researchandmarkets.com/r/rqgtvq
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