Aircraft Auxiliary power units are conducive to increasing the range of aircraft in case of engine failure. These backup systems offer a second line of power after any engine power outage and help the aircraft maintain its operations. These battery systems are usually on standby and are charged with the help of power generated by the aircraft’s engines. The aircraft auxiliary power unit provides hydraulic power, pneumatic power supply, and electrical power supply assisting the aircraft to fly.
The Aircraft Auxiliary Power Unit Market is expected to grow at a significant rate of around 3.44% during the forecast period (2024-2032). One of the key factors that has supported the growth of the global aircraft auxiliary power unit market is the rising sales of commercial aircraft. The upshift in air travel due to the revival after the COVID-19 pandemic has led a sizable number of airlines across the globe to expand their fleet. Additionally, international as well as domestic travel is also observed across the leading economies due to which the demand for commercial aircraft fleet has also been instigated. For instance, in 2023, Indigo (Interglobe Aviation) announced its plans to purchase 500 Airbus A320 aircraft. A steady stream of delivery will be provided to the company between 2030 to 2035.
In another instance, in 2024, American Airlines announced to purchase of 260 new aircraft. These aircraft models will include 90 Embraer E175, 85 Boeing 737 Max, and 85 Airbus A321neo.
With the surge in the demand for new commercial aircraft, the demand for aircraft auxiliary power units among the OEM would significantly rise as it is an integral part of commercial aircraft. Additionally, various other aircraft categories such as cargo aircraft both commercial and military, helicopters for transport, and military applications are also experiencing rapid surges across the globe. Considering all these shifts the demand for aircraft auxiliary power units is anticipated to rise during 2024-2032.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook