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Aircraft Auxiliary Power Unit Market Demand, Size, Share, Scope & Forecast to 2030

09-20-2022 01:22 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: We Market Research

Aircraft Auxiliary Power Unit Market

Aircraft Auxiliary Power Unit Market

The aircraft auxiliary power unit market is valued at USD 669.47 million in 2022 and is projected to reach a value of USD 1002.76 million in 2030 expanding at a CAGR of 5.18% over the forecast period of 2022-2030.
An auxiliary power unit is defined as an electric power source of aircraft that usually provides energy for the functioning of the aircraft system. The key function of an aircraft auxiliary power unit is to give the ability in order to turn over the aircraft's engine.

The traditional auxiliary power unit generally generates loud noises that results in an increase in the noise pollution. In order to reduce the noise pollution, the key manufacturers have increased their focus on the development of low noise auxiliary power units.

Also, the advanced aircraft auxiliary power units offer high performance, low fuel consumption, and reduced noises among others. Additionally, the moving trend towards the adoption of more electric aircraft has also boosted the market growth.

Key Market Trends
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth is the rising demand for the fuel-efficient auxiliary power unit.

Additionally, the rising development of more electric aircraft in order to gain a high economy at a reduced fuel consumption has also boosted the market growth over the forecast period.

Also, the rising number of military aircraft is one of the key drivers that has supported the aircraft auxiliary power unit (APU) market growth over the forecast period. this is because in recent times, Asia has been the largest buyer of fighter aircraft because of the countries such as Japan, Vietnam, and the Philippines that are expanding their aerial fleet in response to the moves by China to assert territorial claims in the South China Sea.

On the flip side, the development of fuel cells for unmanned aerial vehicles (UAVs) is one of the challenges that has been hampering the military aircraft APU market growth over the forecast period. Using APU on board aircraft releases large amounts of heat and carbon, which has led to the development of alternative powering technologies such as, fuel cells.

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Segmental analysis of the Market

Based on Aircraft Type
• Fixed-wing
• Rotary-wing
• UAVs
The fixed wing segment has dominated the market growth over the forecast period. This is because of the rising delivery of fixed-winged commercial aircraft.

Based on Platform
• Commercial
• Military
The military segment has dominated the market growth over the forecast period. This is because of the rising use of aircrafts in the military sector.
North America is anticipated to amplify at a considerable CAGR.

The aircraft auxiliary power unit market is segmented into 5 main regions namely, North America, Europe, Asia Pacific, Latin America, and Middle east and Africa. Among these, North America is anticipated to dominate the market growth over the forecast period. This is because of the presence of many aircraft manufacturers and aircraft auxiliary power unit manufacturers. Also, the U.S., has spent a large amount on the adoption of advanced solutions for military application.

Competitive Landscape
Some of the prominent companies operating in the market are
• Aegis Power Systems Inc.
• Aerosila
• Honeywell International Inc.
• Liebherr International AG
• Northstar Aerospace
• PBS Group AS
• Raytheon Technologies Corp.
• Safran SA

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Frequently Asked Questions
• What is the growth rate of the aircraft auxiliary power unit market?
• What are the primary growth determinants of the market?
• Which are the major regions constituting the geographical landscape of the market?
• Which are the prominent companies operating in the market?

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We Market Research
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Email: sales@wemarketresearch.com
Web: https://wemarketresearch.com/

About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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