Aircraft Auxiliary Power Unit Market is Forecasted to Reach US$ 4.9 Billion in 2034, Says Stratview Research

The global aircraft auxiliary power unit market is projected to witness a growth rate of 1.9% annually from 2024 to 2034, with an anticipated size of US$ 4.9 billion by 2034, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft auxiliary power unit market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2034: US$ 4.9 billion
Growth (CAGR): 1.9% during 2024-2034
Forecast Period: 2024-2034
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft Auxiliary Power Unit Market:

The global Aircraft Auxiliary Power Unit market is segmented based on Aircraft type, Power Unit type, End-User type, and Region.

Based on aircraft type - The aircraft auxiliary power unit market is divided into commercial aircraft, military aircraft, regional aircraft, business jet, and helicopter. Commercial aircraft are expected to remain the dominant segment in the aircraft APU market during the forecast period due to rising global air passenger traffic and the expansion of airline fleets, particularly in emerging economies. Airlines are increasingly investing in fleet modernization and operational efficiency, driving the demand for advanced APUs to reduce fuel consumption during ground operations. The growth of low-cost carriers (LCCs) further boosts the adoption of APUs for quick turnaround times.

Based on power unit type - The aircraft APU market is segmented as below 90 & 90 kVA and above 90 kVA. Most of the narrow-body and regional aircraft, which dominate the global commercial fleet, require APUs with power ratings below 90 kVA. These aircraft are extensively used for short to medium-haul flights, particularly by low-cost carriers. With the rise in short and medium-haul travel, the demand for single-aisle aircraft like the Boeing 737 and Airbus A320 families, which typically use below 90 kVA APUs, is increasing rapidly. Besides, the increase in regional connectivity and the upsurge in private airplanes boost the requirement of substantially powered aircraft, hence the call for auxiliary power units in this power class.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3918/aircraft-auxiliary-power-unit-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

In terms of region, North America is expected to remain the largest market for aircraft auxiliary power units during the forecast period due to its advanced aerospace industry and the presence of key players such as Honeywell International Inc. and Pratt & Whitney. The region's focus on continuous innovation and technological advancements ensures that auxiliary power units developed and manufactured here are at the forefront of cutting-edge technology, enhancing their competitiveness in the global market. Recent developments, including the introduction of more fuel-efficient and environmentally friendly auxiliary power units, reflect North America's commitment to addressing stringent environmental regulations and meeting the evolving demands of the aviation sector.

Presently, Asia-Pacific is slightly behind in the aircraft auxiliary power unit. However, in the long run, it is poised to experience the highest growth due to ascending air passenger traffic, increasing aircraft deliveries, and developing MRO activities, particularly in China and India. Additionally, government investments in aeronautics infrastructure and expanding low-cost carrier fleets are thrusting demand for efficient APUs.

Aircraft Auxiliary Power Unit Market Drivers:
Some of the key drivers listed in the report are given below.
• The expansion of commercial and military aircraft fleets.
• The proliferation of low-cost carriers in emerging economies.
• Increased focus on aircraft maintenance and aftermarket services.
• Rising military investments.
• The emergence of hybrid and electric aircraft.
• The shift towards More Electric Aircraft (MEA) designs necessitates advanced auxiliary power units supporting extensive electrical architectures, thereby reducing fuel consumption and emissions.
• The resurgence in global air travel has led to increased aircraft deliveries, further propelling auxiliary power unit demand.
• The expansion of air transport networks, especially in emerging markets, is expected to create new avenues for market growth.

Top Companies in the Aircraft Auxiliary Power Unit Market:
Stratview Research has identified the following companies as the top market players.
• Honeywell International Inc.
• Pratt & Whitney
• Safran SA
• TAT Technologies
• Aerosila
• PBS Group a.s.
• Technodinamika (Rostec)
• Motor Sich JSC
• Klimov
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft Auxiliary Power Unit Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
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