Global Aerospace and Military Auxiliary Power Unit
Market Report
2024
The Global Aerospace and Military Auxiliary Power Unit Market is Growing at Compound Annual Growth Rate (CAGR) of 4.71 from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Aerospace and Military Auxiliary Power Unit Market is Growing at Compound Annual Growth Rate (CAGR) of 4.71 from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Aerospace and Military Auxiliary Power Unit Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.71% |
Market Split by Aircraft Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Aerospace and Military Auxiliary Power Unit Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An Aerospace and Military Auxiliary Power Unit (APU) is a compact engine or power system designed to provide auxiliary power to various types of vehicles, aircraft, or military equipment. It operates independently from the main propulsion system and is primarily responsible for supplying energy for secondary functions that require power while the main engines are not running or are inoperative. APUs are commonly found in aviation, both civilian and military, as well as in-ground vehicles used by armed forces. Furthermore, APUs are capable of generating electrical power for aircraft systems such as avionics, lighting, air conditioning, and hydraulic systems. In military applications, they may also provide power for communication equipment, sensors, and other mission-critical systems
The global aerospace and military APU industry will benefit from rising aircraft demand and quieter APUs for covert military operations. Mobility must be redefined, and this requires innovation in both technology and methods. Modern technology can change the mobility system by enabling new business models and mobility services, such as autonomous gadgets and ultralight materials like auxiliary power units. Aviation is filled with technological advancements, including unmanned aircraft, artificial intelligence, biometrics, robotics, blockchain, alternative fuels, and electric planes. Therefore, aviation is perfectly situated to support the innovation discourse and any potential effects it may have on new forms of transportation.
For Instance, 74% of people worldwide live within 100 km of any airport, and 51% of people live within 100 km of an international airport. The result is that airspace is already congested and that over the next 20 years, flight traffic is expected to treble. This will fuel the market's expansion for auxiliary power units in the aerospace and defense sectors globally throughout the upcoming years.
APUs are complex systems that require engineering, manufacturing, and integration into the overall vehicle or aircraft architecture. The development and integration costs can be substantial, particularly for advanced and specialized APUs designed for military applications. High costs can deter some manufacturers and operators from investing in APUs, especially if they are not seen as essential for the intended purpose of the vehicle or aircraft. In addition, integrating APUs into existing aircraft or vehicle systems can be complex, especially for retrofitting older models. Ensuring seamless integration without disrupting the overall functionality of the vehicle or aircraft requires careful engineering and testing, which can be time-consuming and costly. This will somehow impede the growth of the global aerospace and military APU market.
The pandemic led to widespread disruptions in global supply chains. Lockdowns, travel restrictions, and factory closures affected the production and distribution of aerospace components, including APUs. This resulted in delays in manufacturing and delivery of aircraft and related equipment. With a sharp decline in air travel due to travel restrictions, border closures, and passenger concerns, commercial airlines faced reduced demand for new aircraft. This, in turn, led to lower orders for aircraft equipped with APUs. Many airlines faced severe financial challenges due to reduced revenue and increased costs related to health and safety measures. As a result, airlines had to postpone or cancel orders for new aircraft, affecting the demand for APUs. The economic impact of the pandemic also affected defense budgets in various countries. Governments had to allocate resources to healthcare and relief efforts, which might have led to delays or reductions in defense spending, impacting the military APU market
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In January 2023, Lufthansa Technik AG, and Air France S.A. linked a long-term deal for the technical support of the APUs for the airline's entire fleet of Airbus A350 aircraft. Lufthansa Technik will provide substantial MRO (maintenance, repair, and overhaul) services for the Honeywell HGT1700 APUs at its Hamburg facility until 2029.
In May 2023, Honeywell and MYAirline signed their first contract for APU maintenance on the airline's fleet of Airbus A320 aircraft. As per the terms of the contract, Honeywell would provide APU maintenance services to MYAirline for its 131-9A APUs, to ensure sustained operational uptime, flight safety, and reliability for its fleet of 22 aircraft.
Top Companies Market Share in Aerospace and Military Auxiliary Power Unit Industry: (In no particular order of Rank)
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North America dominates the global market in terms of revenue and is expected to maintain its position over the forecast period. This is a result of more than 2,500 commercial aircraft being ordered by North American airlines for use in carrying out their local and international passenger services as well as moving cargo and freight. Looking ahead, it is predicted that North American airlines will need an extra 5,600 aircraft over the next few decades. Additionally, in 2015, Airbus established its first American manufacturing facility for commercial aircraft. In addition, The U.S. government is paving the way for the sale to Canada of 16 new surveillance aircraft, saying the multi-billion-dollar deal will help American military forces in their missions around the world. As a result, the demand for aerospace and military auxiliary power units is increasing in the global market.
The Asia Pacific aerospace and military auxiliary power unit market is anticipated to witness the fastest growth during the forecast period from 2022-2030. The Asia-Pacific region such as India and China has experienced rapid economic growth, leading to an expansion of the aviation industry. As economies grow, there is an increased demand for air travel, both for business and leisure purposes. This drives the need for more aircraft, including those equipped with APUs. Furthermore, many countries in the Asia-Pacific region such as India and China are investing in military modernization and strengthening their defense capabilities. As part of this effort, they are acquiring advanced military aircraft and vehicles that often require sophisticated APUs to support their operations. For instance, the IAF fleet includes all-weather MiG-29 multi-role aircraft and Jaguar all-weather attack aircraft. Thus, the demand for Aerospace and Military Auxiliary Power Units is increasing in the Asia-Pacific region
The current report Scope analyzes Aerospace and Military Auxiliary Power Unit Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Aerospace and Military Auxiliary Power Unit Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aerospace and Military Auxiliary Power Unit Industry growth. Aerospace and Military Auxiliary Power Unit market has been segmented with the help of its Aircraft Type, Application , and others. Aerospace and Military Auxiliary Power Unit market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Aerospace and Military Auxiliary Power Unit market.
Aircraft Type of Aerospace and Military Auxiliary Power Unit analyzed in this report are as follows:
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Based on the applications segment, the commercial aircraft segment is expected to register lucrative growth in terms of revenue over the forecast period. This market sector is anticipated to rise as a result of factors including rising demand for commercial aircraft due to an increase in air transport customers and rising demand for fuel-efficient aircraft. For instance, according to the UNWTO with 57% of cross-border travelers utilizing aircraft, tourism is one of the major sources of money in the modern world, contributing 10% of the global GDP. The number of passengers in commercial aviation has doubled during the past 15 years. Over the next 20 years, Airbus estimates that more than 38,000 new airplanes will be delivered, some of which will replace the current fleet's more aged aircraft. This will contribute to an increase in the growth of the global market
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Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
Anjali is a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis in aerospace and defence category. She thrive on the challenges of data exploration and analysis.Her goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
In her current role, Anjali manages research for aerospace and defence category, leading pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. She possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams.She played a key role in shaping successful business strategies grounded in robust research.She dedicated to staying at the forefront of research methodologies and industry advancements. Anjali remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Aerospace and Military Auxiliary Power Unit Market is witnessing significant growth in the near future.
In 2023, the Fixed Wing segment accounted for noticeable share of global Aerospace and Military Auxiliary Power Unit Market and is projected to experience significant growth in the near future.
The Commercial Aircraft segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Airbus SE , Embraer and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Advancements in APU technology, the increased demand for new-generation aircraft, and the global increase in military expenditure are the primary factors driving the Aerospace and Military Auxiliary Power Unit Market. According to Cognitive Market Research, it is valued at USD 4351.6 million in 2023; the market is projected to grow at a CAGR of 4.0%, reaching USD 5955.4 billion by 2032.
Disclaimer:
Aircraft Type | Fixed Wing, Rotary Wing, UAV |
Application | Commercial Aircraft, Military Aircraft, Military Land Vehicle, Rotarycopter |
List of Competitors | Airbus SE, ATR, Embraer, Honeywell aerospace, Pratt & Whitney, the Boeing Company, and United Aircraft Corporation, PBS Group, a. s., others. |
This chapter will help you gain GLOBAL Market Analysis of Aerospace and Military Auxiliary Power Unit. Further deep in this chapter, you will be able to review Global Aerospace and Military Auxiliary Power Unit Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Aircraft Type Analysis 2019 -2031, will provide market size split by Aircraft Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Aircraft Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aerospace and Military Auxiliary Power Unit market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Fixed Wing have a significant impact on Aerospace and Military Auxiliary Power Unit market? |
What are the key factors affecting the Fixed Wing and Rotary Wing of Aerospace and Military Auxiliary Power Unit Market? |
What is the CAGR/Growth Rate of Commercial Aircraft during the forecast period? |
By type, which segment accounted for largest share of the global Aerospace and Military Auxiliary Power Unit Market? |
Which region is expected to dominate the global Aerospace and Military Auxiliary Power Unit Market within the forecast period? |
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