Aerospace Auxiliary Power Unit Market Share, Trends, Analysis, Industry Forecast To 2024

Aerospace Auxiliary Power Unit Market in APAC will witness robust growth owing to increasing demand from commercial and military aircrafts. Growing population along with high profitability achieved in aviation industry are the key factors for industry growth. Moreover, favorable government policies encouraging investment in military and civil aviation sector will further enhance the aerospace auxiliary power unit market share from 2017 to 2024. For instance, defense aviation sector in India is expected to invest over USD 30 billion by 2035. The R&D investments can be attributed to intensive technical and safety requirement of aircraft.

Latin America led by Mexico, Brazil and Argentina is expected to witness significant growth during the study timeframe. Growing defense spending in the region along with favorable trade policies will stimulate the business growth in the region. The U.S. based aircraft and defense industries are increasing investment particularly in Mexico and Brazil owing to higher manufacturing and engineering capabilities.

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North America aerospace auxiliary power unit market size is estimated to lead owing to presence of key manufacturers in the region. Proliferating demand from military aircraft offering stealth operations is the major factor for industry growth. Europe led by Germany, France, UK and Russia is estimated to witness significant growth in aerospace auxiliary power unit market during the forecast timeframe. Stringent noise standards at airports are the key driving factor for business growth.

Aerospace Auxiliary Power Unit Market size will witness exponential growth owing to increasing technological advancement for low maintenance, less emissions, high performance material usage and adoption of fuel efficient APUs. Development in aircraft industry is offering opportunity for manufacturers in the developed regions.

Aerospace auxiliary power unit market share can be segmented based on the aircraft as military aircraft, commercial aircraft and rotary copter. Rising flight affordability has fueled passenger density supporting the product demand. Moreover, rising passenger traffic owing to increasing travel and tourism will positively influence the product penetration from commercial aircraft.

Increasing defense budget across the globe with higher demand from aircrafts will further enhance the product demand. Installation of the APU systems offering lower operation cost, reduced inventory requirement and decreased mechanic training. Demand from system used in wide range of applications from 50 to 1700 equivalent shaft horsepower (SHP).

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Aerospace auxiliary power unit offers superior output required during start of main engine. Positive product outlook owing to integrated system architecture and leading-edge technology offering superior performance and reliability will drive the industry demand. Industry players are implementing bio-fuels in the systems to decrease emissions and supporting eco-friendly initiatives in aviation industry. Moreover, customers are focusing higher electric capabilities on board the aircraft offering enhanced passenger comfort requiring higher output.

Commercial aircrafts will witness strong demand owing to growth in air passengers during the past few years. Increasing demand for commercial aircrafts owing to proliferating flight density and consumer affordability will fuel the aerospace auxiliary power unit market size. Positive product outlook owing to additional back up requirement will further enhance the business growth.

Some of the industry participants include Honeywell, Jenoptik, Kinetics, Dewey Electronics Corporation and Honeywell. Other notable players include Hamilton Sundstrand, Microturbo, The Marvin Group and Falck Schmidt. Increasing product portfolio along with widening regional presence are the key strategies implemented by the manufacturers. In addition, manufacturers are focusing on increasing manufacturing facilities in emerging countries.

Industry players are developing products sufficing the low fuel consumption needs, powering multiple number of electric systems on aircraft and achieving ecofriendly standards. For instance, Honeywell developed HGT1700 APU offering variable speed capability with output of 150 kVA and lowering fuel consumption by 10%.

Aerospace Auxiliary Power Unit Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

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