Global Aircraft Auxiliary Power Unit Market Opportunities and Forecast 2023-2029

Aircraft Auxiliary Power Unit Market Overview

The global Aircraft Auxiliary Power Unit market is expected to grow at a sound pace in the times to follow. Growing demand for specific parts and components, such as auxiliary power units (APUs) for aircraft, is driving demand from both the defense and commercial sectors. In the years ahead, the requirement to produce aircraft with great fuel efficiency, low noise, and low carbon emissions may stimulate R&D in APU technologies. The development of all-electric APUs has accelerated in recent years as aircraft architecture has become increasingly electric. The advantages of using these electric APUs may present the market with further growth prospects in the years ahead.

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Covid-19 Impact on Aircraft Auxiliary Power Unit Market

As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.

Aircraft Auxiliary Power Unit Market Segment Overview

In terms of application, the Commercial is one of the largest segments in the global Aircraft Auxiliary Power Unit market. Although the sales of general aviation aircraft are higher, the cost of each commercial aircraft APU is more compared to the general aviation aircraft. Two commercial aerospace giants, Airbus and Boeing, recorded a higher number of aircraft deliveries in 2018. Therefore, the high number of orders for commercial aircraft is helping the market for commercial aircraft APUs. Besides this, a higher growth rate is expected to occur in the general aviation segment. General aviation aircraft shipments are anticipated to rise their pace in the years to come.

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Aircraft Auxiliary Power Unit Market, By Application

• Commercial
  • Narrow-body Aircraft
  • Wide-body Aircraft
  • Regional Jet
• Military
• General Aviation

Aircraft Auxiliary Power Unit Market Regional Overview

Geographically, the market for APUs in the Asia-Pacific area is expected to increase at a healthy rate during the forecast period, thanks to the high demand for new aircraft in the region. The aviation market in this region is growing at the fastest rate. China, India, Japan, Australia, and Indonesia are among the world’s most populous aviation markets. As a result, airlines are preparing to purchase a large number of aircraft to meet the demand generated by the region’s growing passenger population. All of these factors are projected to increase demand for aircraft APUs in the region in the future years.

Aircraft Auxiliary Power Unit Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Aircraft Auxiliary Power Unit Market, Key Players

·       Honeywell International Inc.
·       Aerosila
·       United Technologies Corporation
·       Technodinamika
·       Safran SA

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