Global Aircraft Auxiliary Power Unit Market to Expand at Steady 5.6% CAGR during 2022–2028

Published | 28 October 2022

Global aircraft auxiliary power unit market is flourishing due to an increasing emphasis on the development of low noise auxiliary power units (APUs), a surging demand for fuel-efficient APUs, and rising adoption of electric aircraft in the future.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects Global Aircraft Auxiliary Power Unit Market size to grow at a steady CAGR of 5.6% during the forecast period between 2022 and 2028. Major factors for the expansion of global aircraft auxiliary power unit market include a growing demand for fuel-efficient auxiliary power units (APUs) and an expected increase in the use of electric aircraft in the coming years. Rapid technology advancements, tough competition among global market participants, and an increase in commercial aviation are expected to boost the expansion of global aircraft auxiliary power unit market. A conventional APU generates a lot of noise, which leads to increased noise pollution. As a result, to reduce noise pollution, leading manufacturers have intensified their focus on the development of low noise APUs, which could further spur the demand for aircraft APUs.

Global Aircraft Auxiliary Power Unit Market – By Platform

Based on platform, the global aircraft auxiliary power unit market is bifurcated into Military Aircraft and Commercial Aircraft segments. During the forecast period, the Military Aircraft segment is expected to continue its dominance in the global aircraft auxiliary power unit market by platform. This is due to the increased use of airplanes in the military sector. The expansion in defense spending for upgrading existing aircraft fleets could also boost military aircraft procurement and supply demand for aircraft APUs.

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Impact of COVID-19 on Global Aircraft Auxiliary Power Unit Market

COVID-19 adversely affect many areas of the aviation and aerospace industries, including aircraft APUs due to various travel bans and other lockdown-related measures enforced globally. The negative impact was due to the shutdown of many manufacturing plants, which has caused a severe shortage of parts. Fuel prices have also increased significantly due to the shutdown of refineries and the imposition of restrictions on transportation of fuels. However, the increasing use of advanced technologies in aircraft has led to an increase in the demand for APUs. This has led to a significant rise in the number of airlines installing APUs on their aircraft. The growing focus on environment issues and action plans by major governments are also expected to fuel the growth of global aircraft auxiliary power unit market.

Competitive Landscape

Global aircraft auxiliary power unit market is fiercely competitive. Prominent players in the market include Honeywell International Inc., Collins Aerospace, vExpo, Kinetics, Rolls-Royce plc, Aegis Power Solution Private Limited., Raytheon Technologies Corporation - Pratt & Whitney Division, SAFRAN, Northstar Aerospace, and LIEBHERR. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, mergers and acquisitions, collaborations, partnerships, and joint ventures.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Aircraft Auxiliary Power Unit Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Aircraft Auxiliary Power Unit Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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