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Aircraft Auxiliary Power Unit Market Size, Share, Growth, Trends, Analysis And Industry Forecast 2023-2032

Aircraft Auxiliary Power Unit Market Report

Aircraft Auxiliary Power Unit Market Report

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Aircraft Auxiliary Power Unit Global Market Report 2023 identifies the rising demand for air travel as the major driver for the aircraft auxiliary power unit market's growth in the forecast period. Air transportation refers to the transportation in the sky by which people and things can be moved in the air by things like airplanes and drones. Aircraft, including planes, jets, and helicopters, are used in the category of travel known as air travel. Aircraft APUs play an important role in air travel as they allow a plane to function independently without the need for ground support tools such as a ground power unit, an external air conditioner, or a high-pressure air start cart.

The global aircraft auxiliary power unit market size is expected to grow from $3.22 billion in 2022 to $3.35 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft auxiliary power unit market size is expected to reach $3.85 billion in 2027 at a CAGR of 3.5%.

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Major competitors in the aircraft auxiliary power unit market are Honeywell International Inc., Hamilton Sundstrand Corporation, Technodinamika, Kinetics Ltd., Rolls-Royce PLC.

A key trend in the aircraft auxiliary power unit market includes technological advancement. Major companies operating in the aircraft auxiliary power unit market are focused on developing new technological solutions to strengthen their position in the market. For instance, in October 2020, Honeywell, a US-based company that provides smart building solutions for aerospace, defense, and manufacturing, released a high-efficiency mode upgrade for its 131-9A technology single-aisle Airbus auxiliary power unit. A software encryption key is required to activate this high-efficiency mode, which is predicted to extend the average time on the wing by 1,200 APU flight hours and decrease fuel consumption by 2%. It also provides the air supply when a pilot is ready to start the main engines. The 131-9A is renowned for its dependability and decreased maintenance costs throughout its full life cycle, leading to considerable fuel savings every year.

Read More On The Global Aircraft Auxiliary Power Unit Market Report Here:
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The aircraft auxiliary power unit market is segmented -
•By Product: Battery Power, Electric Ground Power
•By Aircraft Type: Fixed Wind, Wide Body, Narrow Body, Rotary Wing, Unmanned Aerial Vehicle, Other Types
•By End User: Military Aircrafts, Commercial Aircrafts, General Aviation
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aircraft auxiliary power unit market.

The Business Research Company's "Global Aircraft Auxiliary Power Unit Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Aircraft Auxiliary Power Unit Market Include:
1. Executive Summary
2. Aircraft Auxiliary Power Unit Market Characteristics
3. Aircraft Auxiliary Power Unit Market Trends And Strategies
4. Aircraft Auxiliary Power Unit Market - Macro Economic Scenario
5. Aircraft Auxiliary Power Unit Market Size And Growth
……
26. Africa Aircraft Auxiliary Power Unit Market
27. Aircraft Auxiliary Power Unit Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Auxiliary Power Unit Market
29. Aircraft Auxiliary Power Unit Market Future Outlook and Potential Analysis
30. Appendix

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