Aerospace Auxiliary Power Unit Market | Honeywell, Hamilton Sundstrand, JENOPTIK
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Asia Pacific aerospace auxiliary power unit market share will witness robust growth owing to increasing demand from commercial and military aircrafts. Growing population along with high profitability achieved in aviation industry are the key factors for industry growth. Moreover, favorable government policies encouraging investment in military and civil aviation sector will further enhance the aerospace auxiliary power unit market share from 2017 to 2024.
Latin America led by Mexico, Brazil and Argentina is expected to witness significant growth during the study timeframe. Growing defense spending in the region along with favorable trade policies will stimulate the business growth in the region. The U.S. based aircraft and defense industries are increasing investment particularly in Mexico and Brazil owing to higher manufacturing and engineering capabilities.
Aerospace auxiliary power unit offers superior output required during start of main engine. Positive product outlook owing to integrated system architecture and leading-edge technology offering superior performance and reliability will drive the industry demand. Industry players are implementing bio-fuels in the systems to decrease emissions and supporting eco-friendly initiatives in aviation industry. Moreover, customers are focusing higher electric capabilities on board the aircraft offering enhanced passenger comfort requiring higher output.
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Aerospace auxiliary power unit market share can be segmented based on the aircraft as military aircraft, commercial aircraft and rotary copter. Rising flight affordability has fueled passenger density supporting the product demand. Moreover, rising passenger traffic owing to increasing travel and tourism will positively influence the product penetration from commercial aircraft.
Commercial aircrafts will witness strong demand owing to growth in air passengers during the past few years. Increasing demand for commercial aircrafts owing to proliferating flight density and consumer affordability will fuel the aerospace auxiliary power unit market size. Positive product outlook owing to additional back up requirement will further enhance the business growth.
Increasing defense budget across the globe with higher demand from aircrafts will further enhance the product demand. Installation of the APU systems offering lower operation cost, reduced inventory requirement and decreased mechanic training. Demand from system used in wide range of applications from 50 to 1700 equivalent shaft horsepower (SHP).
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Some of the industry participants include Honeywell, Jenoptik, Kinetics, Dewey Electronics Corporation and Honeywell. Other notable players include Hamilton Sundstrand, Microturbo, The Marvin Group and Falck Schmidt. Increasing product portfolio along with widening regional presence are the key strategies implemented by the manufacturers. In addition, manufacturers are focusing on increasing manufacturing facilities in emerging countries.
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