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

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:

• Application - Commercial, military, and general aviation
• Geography - North America, Europe, APAC, Middle East and Africa, and South America

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.

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

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Who are the Major Aircraft Auxiliary Power Unit Market Vendors?

The report analyzes the market's competitive landscape and 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.
• Safran SA

 

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.

Product Insights and News

• Aegispower.com - The company offers aircraft auxiliary power units that are used in commercial and military systems.
• Aerosila.ru - The company offers aircraft auxiliary power unit with power up to 350 kW and is used on transport and passenger aircraft with a seating capacity of up to 250 persons.
• Honeywell.com - The company offers aircraft auxiliary power unit that has a two-stage axial turbine for longer engine life and a single generator that uses electrical power to start the APU.

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.

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

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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.

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

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

• The increasing number of military aircraft is one of the key drivers supporting the aircraft auxiliary power unit (APU) market growth
• In recent times, Asia has been the largest buyer of fighter aircraft owing to countries such as Japan, Vietnam, and the Philippines, expanding their aerial fleet in response to the moves by China to assert territorial claims in the South China Sea.
• India, on the other hand, is engaged in border disputes with Pakistan as well as is concerned about the Chinese attempts that aim to expand Beijing's influence in South Asia.
• Israel has close ties with the existing Saudi regime, which has led to the deployment of 18 fighter jets in Saudi Arabia in support of the new Crown Prince bin Salman.
• South Korea raised its defense budget by 7.4% for 2020 as it strives to strengthen self-defense capabilities amid growing security uncertainties. Such increasing investments will drive the aircraft auxiliary power unit (APU) market growth during the forecast period.

Key Aircraft Auxiliary Power Unit Market Trend

• The emergence of hydrazine-powered emergency power units is one of the key aircraft auxiliary power unit market trends fueling the market growth.
• Hydrazine is mainly used in EPUs as it is maintenance-free, simple in characteristics, and supplies power immediately and consistently for the required time.
• Hydrazine-powered EPUs can run for a relatively brief period before running out, can act as a short-term source of electrical power, and serve as a cheap and efficient catalyst.
• Hydrazine-powered EPUs have found their application in Lockheed Martin's F-16. EPUs using hydrazine spins up to 75,000 rpm, causing them to start within two seconds. Such advantages of EPUs will increase their demand during the forecast period. This, in turn, will propel the aircraft auxiliary power unit market growth during the forecast period.

Key Aircraft Auxiliary Power Unit Market Challenge

• The development of fuel cells for unmanned aerial vehicles (UAVs) is one of the challenges hampering the military aircraft APU market growth.
• Using APU onboard aircraft releases large amounts of heat and carbon, which has led to the development of alternative powering technologies such as fuel cells. 
• Global Hawk, which is the US Air Force's high-altitude, long-endurance UAV, was selected by a defense analysis institute to determine a fuel cell system on board aircraft.
• The breakeven point in the study was to check the viability of using a fuel cell, keeping two parameters in measurements such as the overall reduction in power required from the aircraft engine and the corresponding fuel savings using fuel cells versus the weight added to the aircraft by the fuel cell system. 
• Fuel cells will likely substitute APUs in UAVs and may promise a potential growth in military and commercial aircraft as well. Thus, the development of fuel cells threatens the growth potential of the global military aircraft APU market. 

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.

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

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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.

Parent Market Analysis

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.

Aircraft Auxiliary Power Unit Market Value Chain Analysis

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.

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

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive aircraft auxiliary power unit market growth during the next five years
• Precise estimation of the aircraft auxiliary power unit 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 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 market vendors

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