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Global Aerospace and Military Auxiliary Power Unit (APU) Market: By Application: Commercial Aircraft, Military Aircraft, Military Land Vehicle, Rotarycopter; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Aerospace and Military Auxiliary Power Unit (APU) Market Outlook
The global aerospace and military auxiliary power unit (APU) market is expected to grow at a CAGR of 4% in the forecast period of 2021-2026.
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North America to Lead the Global APU Market Due to Rising Demand from the Commercial Aviation Sector
Regionally, North America is expected to be the largest shareholder in the global APU market. The presence of a vast commercial aviation sector and the increased military expenditure by the United States are expected to significantly propel the growth of the market. Moreover, the increasing technological advancements in the aviation industry, along with the presence of key global players in the region, will aid the regional market growth. Meanwhile, Europe is expected to follow North America due the presence of developed aviation industry and high consumer disposable income. However, the Asia Pacific is projected to witness a robust growth over the forecast period. The rapidly developing aviation and industrial sector in emerging economies such as India and China will lead the regional market growth. Additionally, the increasing disposable income and vast population and the increasing investment in research and development (R&D) activities are expected to provide enhanced growth opportunities to the market. Whereas Latin America and the Middle East and Africa are expected to show moderate growth over the forecast period.
Aerospace and Military Auxiliary Power Unit (APU): Industry Definition and Segmentation
Auxiliary Power Units (APU) are secondary engines, which are used to power air conditioning, hydraulics, and bleed air in primary engines for ignition of a grounded aircraft. It is an autonomous gas turbine that uses centrifugal compressors to generate power. It is also utilised in various other heavy vehicles, such as naval vessels, artilleries, and heavy trucks. Furthermore, an APU allows to reduce the jet fuel expenditure and save on the maintenance cost for a more expensive power plant by negating the need to start one of the main engines of an aircraft while waiting for the passengers’ arrival, further reducing emissions.
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Based on application, the APU market can be divided into:
- Commercial Aircraft
- Military Aircraft
- Military Land Vehicle
- Rotarycopter
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Demand from the Aviation Sector to Bolster the Growth of the APU Market
The global market for aerospace and military auxiliary power unit (APU) is being driven by the growing demand from the aviation industry. The rapidly increasing domestic air travel due to growing disposable income is expected to propel the demand for APU units in the forecast period. The significant development of the aviation infrastructure, especially in the developing economies, and the availability of cheaper flight options are likely to aid the market growth. Additionally, the inflating fuel prices are compelling aviation companies to utilise APU to reduce operating cost. The factors such as the increasing popularity of low sound APUs, rising environmental awareness, and growing investment in research and development (R&D) of aviation technologies are anticipated to provide ample growth opportunities to the key players. Moreover, the increasing utilisation of APUs in military aircrafts, vessels, and heavy vehicles is projected to further bolster the market growth.
However, amidst the COVID-19 pandemic in 2020, the aviation industry saw a sharp downfall due to restrictions on travelling and lockdowns, which significantly hampered the APU market growth during the same year. Meanwhile, the aviation industry is expected to return to pre-COVID levels in the forecast period, supported by the rapid technological advancements, which, in turn, is expected to aid the APU industry growth.
Key Industry Players in the Global Aerospace and Military Auxiliary Power Unit (APU) Market
The report presents a detailed analysis of the following key players in the global aerospace and military auxiliary power unit (APU) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Honeywell International Inc.
- Safran Power Units
- The Dewey Electronics Corporation
- The Marvin Group
- Elbit Systems Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Aerospace and Military Auxiliary Power Unit (APU) Market Analysis
8.1 Key Industry Highlights
8.2 Global Aerospace and Military Auxiliary Power Unit (APU) Market Historical Market (2016-2020)
8.3 Global Aerospace and Military Auxiliary Power Unit (APU) Market Forecast (2021-2026)
8.4 Global Aerospace and Military Auxiliary Power Unit (APU) Market by Application
8.4.1 Commercial Aircraft
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Military Aircraft
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Military Land Vehicle
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Rotarycopter
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.5 Global Aerospace and Military Auxiliary Power Unit (APU) Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country Kingdom
9.2.3.1 United
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Honeywell International Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Safran Power Units
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 The Dewey Electronics Corporation
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 The Marvin Group
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Elbit Systems Ltd.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Aerospace and Military Auxiliary Power Unit (APU) Market: Key Industry Highlights, 2016 and 2026
2. Global Aerospace and Military Auxiliary Power Unit (APU) Historical Market: Breakup by Application (USD Billion), 2016-2020
3. Global Aerospace and Military Auxiliary Power Unit (APU) Market Forecast: Breakup by Application (USD Billion), 2021-2026
4. Global Aerospace and Military Auxiliary Power Unit (APU) Historical Market: Breakup by Region (USD Billion), 2016-2020
5. Global Aerospace and Military Auxiliary Power Unit (APU) Market Forecast: Breakup by Region (USD Billion), 2021-2026
6. North America Aerospace and Military Auxiliary Power Unit (APU) Historical Market: Breakup by Country (USD Billion), 2016-2020
7. North America Aerospace and Military Auxiliary Power Unit (APU) Market Forecast: Breakup by Country (USD Billion), 2021-2026
8. Europe Aerospace and Military Auxiliary Power Unit (APU) Historical Market: Breakup by Country (USD Billion), 2016-2020
9. Europe Aerospace and Military Auxiliary Power Unit (APU) Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Asia Pacific Aerospace and Military Auxiliary Power Unit (APU) Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Asia Pacific Aerospace and Military Auxiliary Power Unit (APU) Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Latin America Aerospace and Military Auxiliary Power Unit (APU)Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Latin America Aerospace and Military Auxiliary Power Unit (APU) Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Middle East and Africa Aerospace and Military Auxiliary Power Unit (APU)Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Middle East and Africa Aerospace and Military Auxiliary Power Unit (APU) Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Global Aerospace and Military Auxiliary Power Unit (APU) Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4% between 2021 and 2026.
The major industry drivers include the growing demand from the aviation industry, significant development of the aviation infrastructure, increasing popularity of low sound APUs, growing investment in research and development (R&D), and the rapidly increasing domestic air travel due to growing disposable income.
The key industry trends include inflating fuel prices leading to utilise APU to reduce operating cost and rising environmental awareness.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
The significant applications in this industry are commercial aircraft, military aircraft, military land vehicle, and rotary copter.
The major players in the industry are Honeywell International Inc., Safran Power Units, The Dewey Electronics Corporation, The Marvin Group, and Elbit Systems Ltd., among others.
Analyst Review
The global aerospace and military auxiliary power unit (APU) market is being driven by the growing demand from the aviation industry and the rapidly increasing domestic air travel due to growing disposable income. Aided by the increasing popularity of low sound APUs, rising environmental awareness, and growing investment in research and development (R&D), the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The significant applications in this industry are commercial aircraft, military aircraft, military land vehicle and rotary copter. The major regional markets for aerospace and military auxiliary power unit (APU) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Honeywell International Inc., Safran Power Units, The Dewey Electronics Corporation, The Marvin Group and Elbit Systems Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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