Press release
Aircraft Auxiliary Power Unit Market: Steady Growth, Key Drivers and Forecast until 2029
Aircraft Auxiliary Power Unit Market Size
What Is The Projected Market Size Of The Global Aircraft Auxiliary Power Unit Market And Its Growth Rate?
The aircraft auxiliary power unit market is expected to see steady growth in the upcoming years. Key market statistics include:
• From 2024 to 2025, the market size will grow from $3.41 billion to $3.53 billion at a CAGR of 3.5%
• By 2029, the market size will have grown to $4.09 billion at a CAGR of 3.7%
This growth is fueled by stringent environmental regulations, modernization of existing fleets, and focus on passenger comfort, among other factors.
What Is Driving The Growth In The Aircraft Auxiliary Power Unit Market?
The increasing number of aircraft deliveries is boosting the growth of the aircraft auxiliary power unit market. Aircraft deliveries are critical as they refer to the manufacturing and delivery process of aircraft to various customers. The auxiliary power unit (APU) enhances the aircraft's flexibility by providing energy to electrical and pneumatic systems, thereby reducing dependence on external power sources. Additionally, in 2023, the General Aviation Manufacturers Association (GAMA) reported an increase in the number of piston and turboprop aircraft deliveries, contributing to a total value of $22.9 billion in aircraft deliveries, a 5.8% increase from 2021.
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Who Are the Key Players Driving Aircraft Auxiliary Power Unit Market Growth?
Key players operating in the aircraft auxiliary power unit market include:
• Honeywell International Inc.
• Hamilton Sundstrand Corporation
• Technodinamika
• Kinetics Ltd.
• Rolls-Royce PLC
• AEGIS Power Systems Inc.
• Pratt & Whitney Canada Corp.
• Safran Power Units SAS
• United Technologies Corporation
• The Dewey Electronics Corporation
• Liebherr-Aerospace Lindenberg GmbH
• General Electric Company
• BAE Systems plc
• Raytheon Technologies Corporation
• BOSA S.A.
What Are The Key Trends In The Aircraft Auxiliary Power Unit Market?
Key trends in the aircraft auxiliary power unit market include:
• Advancements in APU technology
• Increased demand for more fuel-efficient APUs
• Integration of advanced materials
• Focus on noise reduction
• Digitalization and connectivity
What Are The Segments Of The Global Aircraft Auxiliary Power Unit Market?
The global aircraft auxiliary power unit market is segmented by:
1) Product: Battery Power, Electric Ground Power
2) Aircraft Type: Fixed Wing, Wide Body, Narrow Body, Rotary Wing, Unmanned Aerial Vehicle
3) End User: Military Aircrafts, Commercial Aircrafts, General Aviation
Which Region Leads The Aircraft Auxiliary Power Unit Market?
In 2024, the largest region in the aircraft auxiliary power unit market was North America. However, during the forecast period, Asia-Pacific is expected to be the fastest-growing region in the market. The report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Aircraft Auxiliary Power Unit Market Global Market Report?
- Market Size Analysis: Analyze the Aircraft Auxiliary Power Unit Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Aircraft Auxiliary Power Unit Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Aircraft Auxiliary Power Unit Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Aircraft Auxiliary Power Unit Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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