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Global Auxiliary Power Units (APU) Market Expected to Witness a Sustainable Growth over 2024– Top Key players like– Top Key players like Safran,Jenoptik,Kinetics,Inc.
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One of the salient features of Aircraft Auxiliary Power Unit (APU) market is the cooperation with downstream aircraft OEM manufactures, which brings more income than the aftersales revenue, for large companies in this industry.
Geographically, the consumption market is leading by North America and Europe, sales in Asia Pacific regions like China and Japan will see significant growth in future period. North America holds the largest market share, with about 1879 Units sold in 2017, followed by Europe, with about 1101 Units sold and 32.44% market share.
Honeywell Aerospace is the leading manufacturer of APUs with more than 42% of APU sales in 2017. Other market leaders include United Technologies, Safran, Jenoptik, Kinetics, Dewey Electronics, The Marvin Group, Aerosila. A number of other companies offer APUs, but these smaller companies often focus on assembly rather than component innovation, and they outsource the manufacturing of parts. The smaller APU companies have limited market share and move frequently into and out of the APU market.
Based on application, the Auxiliary Power Unit (APU) market is segmented into civil/commercial and military, which is further segmented into fixed wing rotary wing, UAV, and military land vehicle. The civil segment is projected to lead the market during the forecast period, owing to the increasing demand for commercial and military fixed wing aircraft. The commercial fixed wing aircraft market is anticipated to increase due to the growing air passenger traffic.
Industry players are developing products sufficing the low fuel consumption needs, powering multiple number of electric systems on aircraft and achieving ecofriendly standards. With the rapid technological advancement and intense competition in the global market players the global Auxiliary Power Unit market is expected to grow at a healthy CAGR in the forecasted period.
The worldwide market for Auxiliary Power Units (APU) is expected to grow at a CAGR of roughly 3.5% over the next five years, will reach 910 million US$ in 2024, from 750 million US$ in 2019, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Honeywell Aerospace
United Technologies
Safran
Jenoptik
Kinetics
Dewey Electronics
The Marvin Group
Aerosila
Market Segment by Type, covers
Aircraft APU
Vehicle APU
Market Segment by Applications, can be divided into
Civil
Military
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Related Information:
North America Auxiliary Power Units (APU) Market Growth 2019-2024
United States Auxiliary Power Units (APU) Market Growth 2019-2024
Asia-Pacific Auxiliary Power Units (APU) Market Growth 2019-2024
Europe Auxiliary Power Units (APU) Market Growth 2019-2024
EMEA Auxiliary Power Units (APU) Market Growth 2019-2024
Global Auxiliary Power Units (APU) Market Growth 2019-2024
China Auxiliary Power Units (APU) Market Growth 2019-2024
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