Military Aircraft Auxiliary Power Unit Market by Application and Geography - Forecast and Analysis 2020-2024

The military aircraft auxiliary power unit market size has the potential to grow by USD 72.26 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (fixed-wing APU, rotary-wing APU, and UAV APU) and geography (North America, APAC, Europe, MEA, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including AEROSILA, Elbit Systems Ltd., Honeywell International Inc., PBS Group AS, Raytheon Technologies Corp., Rostec State Corp., and Safran SA.

Market Overview

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Market Competitive Analysis

The market is concentrated. The vendors in the market are competing based on technological advancement, cost, quality, and reliability. The vendors in the market are offering APU's with added features such as fuel-efficient systems, low-cost units, ease of maintenance, and power source, which has created a demand for APU's. AEROSILA, Elbit Systems Ltd., and Honeywell International Inc. are some of the major market participants. Although the growing investments and R&D in the military aircraft will offer immense growth opportunities, the negative effects of using batteries will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this military aircraft auxiliary power unit market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this military aircraft auxiliary power unit market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• AEROSILA
• Elbit Systems Ltd.
• Honeywell International Inc.
• PBS Group AS
• Raytheon Technologies Corp.
• Rostec State Corp.
• Safran SA

Military Aircraft Auxiliary Power Unit Market: Segmentation by Geography

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North America was the largest military aircraft auxiliary power unit market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Boeing's contract to supply 19 KC-46A Pegasus aircraft to the US Air Force and Canada's USD 2.3 billion contract with Airbus for procuring C-295 search and rescue planes will significantly drive military aircraft auxiliary power unit market growth in this region over the forecast period.

43% of the market's growth will originate from North America during the forecast period. The US is one of the key markets for military aircraft auxiliary power units in North America. Market growth in this region will be faster than the growth of the market in other regions.

Military Aircraft Auxiliary Power Unit Market: Segmentation by Application

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The growth of the fixed-wing APU segment is mainly owing to the large-scale development and procurement of aircraft equipped with advanced technology. The vendors in the market are forming strategic alliances with other players to increase their market shares. For instance, Honeywell Aerospace recently signed a contract with Kawasaki Heavy Industries to supply electrical and mechanical systems.

This report provides an accurate prediction of the contribution of all the segments to the growth of the military aircraft auxiliary power unit market size.

Military Aircraft Auxiliary Power Unit Market: Key Drivers and Trends

Research analysis on the global military aircraft APU market identifies the growing investments and R&D in the military aircraft as one of the major factors that will have a positive impact on the growth of the market. The market witnessed the largest buyers from Asian countries, for instance, a North Korean submarine fired a ballistic missile that flew about 300 miles and landed in Japan's air defense perimeter. Technavio's market research analysts predict that this market will grow at a CAGR of almost 4% by 2024.

The evolution of APU mounts will be one of the latest military APU market trends during the next four years. The noise and vibrations in aircraft engines that causes discomfort, poses a major challenge to the vendors in the market. The association between APU OEMs and aircraft manufacturers has led to the evolution of APU mounting support systems. Consequently, The noise and vibrations levels have reduced, which have led to the shift toward military aircraft. This, in turn, will contribute to the global military APU market share growth.

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Military Aircraft Auxiliary Power Unit Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive military aircraft auxiliary power unit  market growth during the next five years
• Precise estimation of the military 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 military aircraft auxiliary power unit industry across North America, APAC, Europe, MEA, 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 military aircraft auxiliary power unit market vendors

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