Aircraft Auxiliary Power Unit Gearbox Market by Application and Geography - Forecast and Analysis 2022-2026

The aircraft auxiliary power unit gearbox market share is expected to increase to USD 171.65 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.18%.

This aircraft auxiliary power unit (APU) gearbox market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers aircraft APU gearbox market segmentation by application (commercial, military, and and general aviation) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The aircraft auxiliary power unit gearbox market report also offers information on several market vendors, including AB SKF, Atec Inc., General Electric Co., Honeywell International Inc., Krasny Octiabr, Liebherr International AG, Northstar Aerospace, PBS Aerospace Inc., PBS India Pvt. Ltd., Precipart, Raytheon Technologies Corp., Regal Rexnord Corp., Safran SA, The Timken Co., TransDigm Group Inc., and Triumph Group Inc. among others.

What will the Aircraft Auxiliary Power Unit Gearbox Market Size be During the Forecast Period?

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Aircraft Auxiliary Power Unit Gearbox Market: Key Drivers, Trends, and Challenges

The growing demand for commercial aircraft is notably driving the aircraft auxiliary power unit gearbox market growth, although factors such as impact of covid-19 on aviation industry may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the aircraft auxiliary power unit gearbox industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Aircraft Auxiliary Power Unit Gearbox Market Driver

• One of the key drivers supporting the aircraft auxiliary power unit (APU) gearbox market growth is the growing demand for commercial aircraft.
• The sustainment of the year-over-year increase in air traffic requires airline operators to procure new aircraft to address the rising demand. Hence, major aircraft OEMs have initiated the revamping of their existing production facilities to ensure scheduled deliveries.
• For instance, in 2021, the reported total delivery for Airbus includes 611 commercial aircraft to 88 customers, up from 566 in 2020.
• Developing countries such as India and China have significantly added to the production of aircraft in the last decade.
• India's civil aviation industry is moving from nascency toward the growth phase and progressing rapidly in the area of aircraft manufacturing. Such instances will drive the aircraft auxiliary power unit (APU) gearbox market growth during the forecast period.

Key Aircraft Auxiliary Power Unit Gearbox Market Trend

• One of the key aircraft auxiliary power unit (APU) gearbox market trends fueling the market growth is the advancement in aircraft auxiliary power units.
• An auxiliary power unit is a critical piece of aircraft equipment that provides electrical power and air conditioning while the plane is on the ground to ensure increased passenger comfort and supplies the air source when a pilot is ready to start the main engine.
• Aircraft manufacturers are concerned with cost savings and operational efficiency and, thus, require advancement in the aircraft auxiliary power units.
• For instance, in March 2021, Honeywell International Inc. announced it is developing a power source for hybrid-electric aircraft, planned for demonstration later this year. This generator will be connected with the Honeywell HGT1700 auxiliary power unit, to form a turbogenerator, which is 2.5 times more powerful than the version the company launched earlier. 

These advancements will propel the aircraft auxiliary power unit (APU) gearbox market growth during the forecast period.

Key Aircraft Auxiliary Power Unit Gearbox Market Challenge

• One of the key factors challenging the aircraft auxiliary power unit (APU) gearbox market growth is the impact of COVID-19 on the aviation industry.
• Air travel is at a historically low level due to the pandemic, and the situation is not expected to go back to pre-pandemic levels any time sooner.
• According to the Brazilian Airline Association (Abear), the Brazilian domestic air network closed in 2021 with a recovery of nearly 85% compared with operations in March 2020.
• The cancellation of aircraft orders and shutdown of various manufacturing companies resulted in a decline in the revenue of equipment manufacturers and services providers.
• In 2022, the Middle East and Africa will remain highly negatively impacted regions. In the same year, passenger traffic is expected to be 42.9% and 40.6% lower than that of the projected baseline.

Thus, the slowdown in the aviation industry and decline in aircraft manufacturing will negatively impact the application of aircraft auxiliary power unit gearboxes, which, in turn, will affect the market in focus, during the forecast period.

This aircraft auxiliary power unit gearbox market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global APU gearbox market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the aircraft auxiliary power unit gearbox market during the forecast period.

Who are the Major Aircraft Auxiliary Power Unit Gearbox Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AB SKF
• Atec Inc.
• General Electric Co.
• Honeywell International Inc.
• Krasny Octiabr
• Liebherr International AG
• Northstar Aerospace
• PBS Aerospace Inc.
• PBS India Pvt. Ltd.
• Precipart
• Raytheon Technologies Corp.
• Regal Rexnord Corp.
• Safran SA
• The Timken Co.
• TransDigm Group Inc.
• Triumph Group Inc.

 

This statistical study of the APU gearbox market encompasses successful business strategies deployed by the key vendors. The aircraft auxiliary power unit gearbox market is fragmented and the vendors are deploying growth strategies such as product quality, cost, and reliability to compete in the market.

Product Insights and News

• Skf.com - The company offers aircraft auxiliary power unit gearboxes such as Engine and gearbox which has tight tolerance limits.
• Honeywell.com - The company offers aircraft auxiliary power unit gearboxes such as 131 Series, HGT400, and 331 Series.
• Nsaero.com - The company offers aircraft auxiliary power unit gearbox products such as Accessory Gearbox Assemblies.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The aircraft auxiliary power unit gearbox market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Aircraft Auxiliary Power Unit Gearbox Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the aircraft auxiliary power unit gearbox market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Aircraft Auxiliary Power Unit Gearbox Market?

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36% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for aircraft auxiliary power unit gearbox in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.

The demand resulting from increased air travel and fleet replacement necessities of operators will facilitate the aircraft auxiliary power unit gearbox market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the regional market. However, since 2021, the region is witnessing a decline in the number of COVID-19 cases due to the widespread availability and administration of COVID-19 vaccines. Therefore, with the relaxation in travel restrictions and the resumption of airline services in the region, air travelling and demand for aircraft are expected to positively impact the aircraft auxiliary power unit gearbox market growth during the forecast period.

What are the Revenue-generating Application Segments in the Aircraft Auxiliary Power Unit Gearbox Market?

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The aircraft auxiliary power unit gearbox market share growth by the commercial segment will be significant during the forecast period. The growth of the commercial aviation industry can be attributed to factors such as technological advancement and the increasing preference of consumers for air travel. Air travel has become more economical, which has led to increased passenger traffic. This has resulted in increased procurement of new aircraft by operators to cater to the demand of the tourism industry. Thus, the growing launch of commercial aviation will add the application of the aircraft auxiliary power unit gearbox and, in turn, will drive the aircraft auxiliary power unit gearbox market in focus during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft auxiliary power unit gearbox market size and actionable market insights on post COVID-19 impact on each segment.

 

Aircraft Auxiliary Power Unit Gearbox Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.18%
Market growth 2022-2026	$ 171.65 million
Market structure	Fragmented
YoY growth (%)	4.58
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 36%
Key consumer countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AB SKF, Atec Inc., General Electric Co., Honeywell International Inc., Krasny Octiabr, Liebherr International AG, Northstar Aerospace, PBS Aerospace Inc., PBS India Pvt. Ltd., Precipart, Raytheon Technologies Corp., Regal Rexnord Corp., Safran SA, The Timken Co., TransDigm Group Inc., and Triumph Group Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Aircraft Auxiliary Power Unit Gearbox Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive aircraft auxiliary power unit gearbox market growth during the next five years
• Precise estimation of the aircraft auxiliary power unit gearbox market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the aircraft auxiliary power unit gearbox industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of aircraft auxiliary power unit gearbox market vendors

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