Aircraft PSU Market is Forecasted to Reach US$ 356 million in 2027, Says Stratview Research

The global aircraft PSU market is projected to witness a growth rate of 13% annually from 2022 to 2027, with an anticipated size of US$ 356 million by 2027, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global aircraft PSU 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 2027: US$ 356 million
Growth (CAGR): 13% during 2022-2027
Forecast Period: 2022-2027
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 5
Number of Tables & Graphs: 100+

Segment Insights on the Aircraft PSU Market:
The global aircraft PSU market is segmented based on aircraft type, end-user type, sales channel type, component type, and region.

Based on aircraft type - The market is segmented into narrow-body aircraft, wide-body aircraft, and regional aircraft. Narrow-body aircraft is expected to remain the biggest demand generator for PSUs during the forecast period in the wake of an expected increase in the production rate of key aircraft programs, rebounding aftermarket, and development of passenger-friendly cabin environments.

Based on the end-user type - The aircraft PSU market is segmented as OE and aftermarket. OE is expected to lead the market during the forecast period, owing to increasing production rates of key aircraft programs (B737, A320 family, etc.) and the entry of new players (COMAC and Irkut). Aftermarket, securing a reasonable market share, is likely to generate a plethora of growth opportunities in the near future. Airlines either postponed or canceled their aircraft refurbishments in the year 2022 for the year 2023. This trend was visible at both OE as well as aftermarket levels. Increasing air passenger traffic is likely to rejuvenate the withered demand in the near future at the aftermarket level.

Based on the sales channel type - The market is segmented as BFE (buyer-furnished equipment) and SFE (supplier-furnished equipment). SFE is expected to be the dominant as well as the fastest-growing sales channel type in the coming years. The ratio of SFE to BFE differs from company to company. Also, some players have a high focus on one channel type. For instance, Collins Aerospace has a major presence in SFE, whereas Diehl Aviation is one of the major players in BFE.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3031/aircraft-PSU-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-
- The presence of major aircraft manufacturers, tier players, distributors, and raw material suppliers, primarily drives the demand for PSUs in the region.
- The USA being the dominant market in the region will continue to drive the market expansion in the region.
- Asia-Pacific is likely to experience the highest market growth in the next five years, owing to the development of commercial and regional aircraft (CMAC's C919), the presence of the largest fleet of commercial aircraft, and assembly plants of Boeing and Airbus in China.

Aircraft PSU Market Drivers:

Some of the key drivers listed in the report are given below.
- Rising global air travel, increasing aircraft production, and demand for enhanced passenger comfort.
- Technological advancements in cabin systems and the growing adoption of LED-based PSU units.

Top Companies in the Aircraft PSU Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Collins Aerospace
• Safran S.A.
• Astronics Corporation
• Diehl Stiftung & Co. KG
• Luminator Aerospace

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Aircraft PSU 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?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.