Global Aircraft Auxiliary Power Unit (APU) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aircraft Auxiliary Power Unit (APU) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Aircraft Auxiliary Power Unit (APU) market finds that the global Aircraft Auxiliary Power Unit (APU) market reached a value of USD 1031.25 million in 2022. It’s expected that the market will achieve USD 1228.51 million by 2028, exhibiting a CAGR of 2.96% during the forecast period.

Market Drivers and Opportunities

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.

What is more, major driving factor for expansion of global aircraft auxiliary power unit market is the high demand for using APU, 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.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Honeywell International is one of the major players operating in the Aircraft Auxiliary Power Unit (APU) market, holding a share of 3.63% in 2018.

Honeywell International Inc. is an American multinational conglomerate company that makes a variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments. The company operates four business units, known as Strategic Business Units – Honeywell Aerospace, Home and Building Technologies (HBT), Safety and Productivity Solutions (SPS), and Honeywell Performance Materials and Technologies.

United Technologies Corporation (UTC) is an American multinational conglomerate headquartered in Farmington, Connecticut. It researches, develops, and manufactures products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building systems, and industrial products, among others.

Segmentation Overview:

Among different product types, Electric segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Aircraft Auxiliary Power Unit (APU) market covered in Chapter 3:

PBS Velka Bites
Technodinamika
Aerosila
Safran
Honeywell International
United Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Aircraft Auxiliary Power Unit (APU) market from 2018 to 2029 is primarily split into:

Electric
Pneumatic
Hydraulic

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aircraft Auxiliary Power Unit (APU) market from 2018 to 2029 covers:

Commercial
Military

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)