NEW YORK , May 17, 2022 /PRNewswire/ -- The global aircraft auxiliary power unit market size is expected to grow by USD 636.5 million from 2021 to 2026 at a CAGR of 5.18% as per the latest market report by Technavio. 36% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for the aircraft auxiliary power unit market in North America . Market growth in this region will be slower than the growth of the market in Europe and APAC. The robust aviation base in the US will facilitate the aircraft auxiliary power unit market growth in North America over the forecast period.
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Read the 120-page report with TOC on "Aircraft Auxiliary Power Unit Market Analysis Report by Application (Commercial, Military, and General aviation) and Geography (North America , Europe , APAC, Middle East and Africa , and South America ), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/aircraft-auxiliary-power-unit-market-industry-analysis
Aircraft Auxiliary Power Unit Market: Drivers & Challenges:
The increasing number of military aircraft is one of the key drivers supporting the aircraft auxiliary power unit (APU) market growth. In recent times, Asia has been the largest buyer of fighter aircraft owing to countries such as Japan , Vietnam , and the Philippines , expanding their aerial fleet in response to the moves by China to assert territorial claims in the South China Sea. India , on the other hand, is engaged in border disputes with Pakistan as well as is concerned about the Chinese attempts that aim to expand Beijing's influence in South Asia . Israel has close ties with the existing Saudi regime, which has led to the deployment of 18 fighter jets in Saudi Arabia in support of the new Crown Prince bin Salman. South Korea raised its defense budget by 7.4% for 2020 as it strives to strengthen self-defense capabilities amid growing security uncertainties. Such increasing investments will drive the aircraft auxiliary power unit (APU) market growth during the forecast period.
However, the development of fuel cells for unmanned aerial vehicles (UAVs) is one of the challenges hampering the military aircraft APU market growth. Using APU onboard aircraft releases large amounts of heat and carbon, which has led to the development of alternative powering technologies such as fuel cells. Global Hawk, which is the US Air Force's high-altitude, long-endurance UAV, was selected by a defense analysis institute to determine a fuel cell system onboard aircraft. The breakeven point in the study was to check the viability of using a fuel cell, keeping two parameters in measurement such as the overall reduction in power required from the aircraft engine and the corresponding fuel savings using fuel cells versus the weight added to the aircraft by the fuel cell system. Fuel cells will likely substitute APUs in UAVs and may promise a potential growth in military and commercial aircraft as well. Thus, the development of fuel cells threatens the growth potential of the global military aircraft APU market.
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Some of the key Aircraft Auxiliary Power Unit Players:
The aircraft auxiliary power unit market is concentrated and the vendors are deploying growth strategies such as upgrading the existing technologies involved, cost, quality, and reliability to compete in the market.
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Aircraft Auxiliary Power Unit Market: Segmentation Analysis
Application Outlook (Revenue, USD mn, 2021-2026)
Commercial - size and forecast 2021-2026
Military - size, and forecast 2021-2026
General aviation - size and forecast 2021-2026
Geography Outlook (Revenue, USD mn, 2021-2026)
North America - size and forecast 2021-2026
Europe - size and forecast 2021-2026
APAC - size and forecast 2021-2026
Middle East and Africa - size and forecast 2021-2026
South America - size and forecast 2021-2026
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The competitive scenario provided in the Aircraft Auxiliary Power Unit market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Don't wait, Make a strategic approach & boost your business goals with our Aircraft Auxiliary Power Unit Market Forecast Report - Buy Now!
The commercial aircraft oxygen system market size is predicted to surge by USD 185.7 billion from 2021 to 2026 at a CAGR of 4.88%. Download a sample now!
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Aircraft Auxiliary Power Unit Market Scope
Accelerate at a CAGR of 5.18%
Leading companies, competitive strategies, consumer engagement scope
Aegis Power Systems Inc., Aerosila, Honeywell International Inc., Liebherr International AG, Northstar Aerospace, PBS Group AS, Raytheon Technologies Corp., and Safran SA
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
3.4 Market outlook: Forecast for 2021-2026
5.3 Commercial - Market size and forecast 2021-2026
5.4 Military - Market size and forecast 2021-2026
5.5 General aviation - Market size and forecast 2021-2026
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 Middle East and Africa - Market size and forecast 2021-2026
7.7 South America - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 Germany - Market size and forecast 2021-2026
7.11 UK - Market size and forecast 2021-2026
7.12 Canada - Market size and forecast 2021-2026
8.3 Impact of drivers and challenges
11.3 Currency conversion rates for US$
About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/
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