Aircraft Auxiliary Power Unit Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
20 Jun, 2023
The global aircraft auxiliary power unit market size is expected to grow from $3.22 billion in 2022 to $3.35 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aircraft auxiliary power unit market size is expected to reach $3.85 billion in 2027 at a CAGR of 3.5%.
Global Aircraft Auxiliary Power Unit Market Key Driver
The increasing need for air travel is projected to take the aviation auxiliary power unit market forward. Air transportation is the movement of people and goods in the sky by aircraft and drones. Aircraft, including planes, jets, and helicopters, are employed in the category of travel known as air travel. Aircraft APUs serve a significant role in air travel since they allow a plane to operate independently without the requirement for ground support items such as a ground power unit, an external air conditioner, or a high-pressure air start cart.
Get a sample of the global aircraft auxiliary power unit market reportGlobal Aircraft Auxiliary Power Unit Market Segments
The global aircraft auxiliary power unit market is segmented:
1) By Product: Battery Power, Electric Ground Power
2) By Aircraft Type: Fixed Wind, Wide Body, Narrow Body, Rotary Wing, Unmanned Aerial Vehicle, Other Types
3) By End User: Military Aircrafts, Commercial Aircrafts, General Aviation
4) By Geography: The regions covered in the aircraft auxiliary power unit market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global aircraft auxiliary power unit market.
Major Aircraft Auxiliary Power Unit Industry Players
Honeywell International Inc., Hamilton Sundstrand Corporation, Technodinamika, Kinetics Ltd., Rolls-Royce PLC, AEGIS Power Systems Inc., Pratt & Whitney, Safran Power Units, United Technologies Corporation, The Dewey Electronics Corporation, Liebherr-Aerospace Lindenberg GmbH, General Electric Company, BAE Systems, Raytheon Technologies, BOSA SA Group
Get the full global aircraft auxiliary power unit market report
Aircraft Auxiliary Power Unit Market Overview
An aircraft auxiliary power unit refers to a device on aircraft that allows an aircraft to function independently without needing ground support tools like a ground power unit, an external air-conditioning unit, or a high-pressure air start cart. APU supplies critical electric power for aviation systems and is typically utilized to start one of the main engines on an airliner. It is also used to bleed air to start the main engines.
Aircraft Auxiliary Power Unit Global Market Report 2023 provides data on the global aircraft auxiliary power unit market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aircraft auxiliary power unit market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.