Global Aerospace and Military Auxiliary Power Unit Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Aerospace and military auxiliary power unit Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global aerospace and military auxiliary power unit market report has been segmented on the basis of application, and region.
Global Aerospace and Military Auxiliary Power Unit Market: Overview
Auxiliary power unit or APU enables an aircraft to operate autonomously without depending upon a high-pressure air start cart or external air-conditioning unit and ground power unit. APU comes with an extra electric generator, which is capable of operating cockpit avionics, galley electrics, onboard lighting, etc. It also operates the environmental packs for cooling and heating the aircraft. It operates as an additional energy source. The auxiliary power unit is found in larger and medium-sized civil and military jets, a various handful of military fighters, turboprop aircraft.
Global Aerospace and Military Auxiliary Power Unit Market: Dynamics
Auxiliary power unit reduces maintenance cost and fuel consumption of the aircraft as it keeps a supply of the lighting and air condition when the airplane is on the ground. It eliminates the requirement of keeping the engine running. APU operates independently and does not require an external energy source. These are some of the major factors driving growth of the global aerospace and military auxiliary power unit market. In addition, increasing adoption of technologically advanced aircraft is another factor supporting growth of the global market. Furthermore, growing investment in the commercial aviation industry and increasing defense budget in developing countries are factors expected to boost growth of the global aerospace and military auxiliary power unit market in the near future.
However, less availability of a skilled workforce is a factor that may hamper growth of the global aerospace and military auxiliary power unit market. In addition, military budget cuts in developed countries is another factor that could affect the adoption of aerospace & military auxiliary power unit among end users. Nevertheless, growing adoption of electrical aircraft can create high revenue opportunities for players in the target market.
Global Aerospace and Military Auxiliary Power Unit Market: Segment Analysis
Among the applications segment, commercial aircraft segment is expected to register lucrative growth in terms of revenue over the forecast period. Increasing demand for aircraft for commercial applications, owing to an increasing number of air travel passengers and growing demand for fuel-efficient aircraft are factors expected to support growth of this segment in the global market. Narrow body aircraft sub-segment is anticipated to register high growth in terms of revenue in the next 10 years.
Global Aerospace and Military Auxiliary Power Unit Market: Regional Analysis
Currently, market in North America dominates the global market in terms of revenue and is expected to maintain its position over the forecast period. Presence of prominent players in countries such as US and Canada is a key factor driving growth of the target market in this region. Increasing adoption of narrow-body aircraft and wide-body aircraft is a factor propelling growth of the target market in this region. The market in Europe is expected to account for second-highest share in terms of revenue in the near future.
Market in Asia Pacific is anticipated to register high growth in terms of revenue in the near future, followed by Middle East & Africa and Latin America. Increasing adoption of advanced technology and growing aviation industry especially in emerging economies are factors expected to augment growth of the target market.
Global Aerospace and Military Auxiliary Power Unit Market Segmentation:
Segmentation by Application:
- Military Aircraft
- Unmanned Aerial Aircraft (UAV)
- Fighter Jet
- Commercial Aircraft
- Narrow Body Aircraft (NBA)
- Wide Body Aircraft (WBA)
- Very Large Aircraft (VLA)
- Rotary copter
- Military Land Vehicle
- Armored Vehicles
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Military Aircraft
- Honeywell International Inc.
- Hamilton Sundstrand Corporation
- Jenoptik AG
- United Technologies Corporation
- Microturbo, Inc.
- Elbit Systems-Kinetics Ltd.
- The Marvin Group
- Dewey Electronics Corporation
- Falck Schmidt Defence Systems A/S
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