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The predicted growth for the aircraft auxiliary power unit market share from 2021 to 2026 is USD 636.5 million at a progressing CAGR of 5.18%.
This aircraft auxiliary power unit market forecast report extensively covers segmentations by:
The aircraft auxiliary power unit market report offers information on several market vendors, including Aegis Power Systems Inc., Aerosila, Honeywell International Inc., Liebherr International AG, Northstar Aerospace, PBS Group AS, Raytheon Technologies Corp., and Safran SA among others. Furthermore, our analysts have provided valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches for the coming years.
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The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the aircraft auxiliary power unit market encompasses successful business strategies deployed by the key vendors. The aircraft auxiliary power unit market is concentrated and the vendors are deploying growth strategies such as upgrading the existing technologies involved, cost, quality, and reliability to compete in the market.
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 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.
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36% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the aircraft auxiliary power unit market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
The robust aviation base in the US will facilitate the aircraft auxiliary power unit 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 affected the aircraft manufacturing industry from 2020-to 2021. However, the Government of the US has helped companies and announced financial packages toward the end of 2020. In view of this, the aircraft auxiliary power unit (APU) market in North America will see moderate growth during the forecast period.
The increasing number of military aircraft is notably driving the aircraft auxiliary power unit market growth, although factors such as the development of fuel cells for unmanned aerial vehicles (UAVs) may impede the 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 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 Market Driver
Key Aircraft Auxiliary Power Unit Market Trend
Key Aircraft Auxiliary Power Unit Market Challenge
This aircraft auxiliary power unit 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.
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The aircraft auxiliary power unit market share growth by the commercial segment will be significant during the forecast period. Commercial airliners are used for the transport of passengers and cargo. An auxiliary power unit (APU) is a small gas turbine engine that is placed on the tail cone of commercial aircraft to provide autonomous electrical and mechanical power. The main purpose of an aircraft APU is to provide power to start the main engines. The turbine engines must be propelled to a high rotational speed to generate enough air compression for self-sustaining operations. The APU is a critical system that requires routine and heavy maintenance checks to ensure commercial aircraft operators meet dispatch reliability goals. Such factors will drive the segment growth during the forecast period and thereby driving the growth of the aircraft APU market.
This report provides an accurate prediction of the contribution of all the segments to the growth of the aircraft auxiliary power unit market size and actionable market insights on post COVID-19 impact on each segment.
Technavio categorizes the global aircraft auxiliary power unit 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 market during the forecast period.
Our report provides extensive information on the value chain analysis for the aircraft auxiliary power unit 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.
Aircraft Auxiliary Power Unit 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 |
$ 636.5 million |
Market structure |
Concentrated |
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 |
Aegis Power Systems Inc., Aerosila, Honeywell International Inc., Liebherr International AG, Northstar Aerospace, PBS Group AS, Raytheon Technologies Corp., and Safran SA |
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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