Global Aircraft APU market Key Players
The key players in Aircraft APU market are AEGIS Power Systems, Inc. (U.S.), AEROSILA (Russia), Honeywell International Inc. (U.S.), Hamilton Sundstrand Corp (U.S.), Kinetics Ltd. (Israel), Technodinamika (Russia), Safran Power Units (France), Rolls-Royce plc. (England), United Technologies (U.S.), and United Technologies Corporation—Pratt & Whitney Division (U.S.).
Global Aircraft APU market is estimated to witness a CAGR of 4% during the period of 2018 till 2023.
Global Aircraft APU market Highlights
In an aircraft, the APU can help as a back-up power generator under exceptionally rare circumstances where both engines fail. Aircraft APUs generally produce 115 V alternating current (AC) at 400 Hz for powering the electrical systems of the aircraft. APUs can deliver power through a single-phase or a three-phase system.
On the basis of Aircraft type, the market can be segmented into fixed wing aircraft and wide body aircraft segments. Airbus has thoughtfully moved towards “more-electric” aircraft systems, and accordingly it replaced one of the three hydraulic systems in A380 with two electric systems. The “two-plus-two” systems architecture was then recurrent on the A350. This shift from hydraulic systems to electric systems by various aircraft companies will tend to increase the Aircraft APU market in the coming years.
The usage of APU to crank up the aircraft engines has been extremely helpful, but the noise and vibration produced causes uneasiness to both the cabin as well as the cockpit members. To overcome this challenge, APU Original Equipment Manufacturers, in cooperation with aircraft manufacturers, have been carrying out significant research. This has led to the introduction of APU arrangement support systems on an aircraft. However, technological advancement is also a threat to this market is, as the move towards electric-powered flight, may make switching the APU with high-power battery systems possible within the next two decades. Airbus and Boeing have already started using batteries to start the APU, and the next step may very well be replacing the APU itself.
Asia Pacific Aircraft APU market will witness strong growth due to increasing demand from commercial and military aircrafts. Growing population, along with high productivity attained in aviation industry. are the key factors for industry growth. Moreover, favorable government policies encouraging investment in military and civil aviation sector will further benefit the Aircraft APU market in the coming years.
Latin American market, headed by Mexico, Brazil and Argentina, is likely to witness significant growth during the forecast period. Growing investments in the region and favorable trade policies will fuel the business growth in the region.
Global Aircraft APU market Scope of the Report
This study provides an overview of the Global Aircraft APU market , tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Aircraft APU market by its Aircraft Type, Platform, Product and Region.