Visiongain Publishes Aerospace & Military Auxiliary Power Unit (APU) Market Report to 2031
24 March 2021
Visiongain has published a new report on Aerospace & Military Auxiliary Power Unit (APU) Market Report to 2031: Forecasts by Application (Commercial Aircraft, Military Aircraft, Military Land Vehicle, and Rotarycopter). PLUS, Profiles of Aerospace and Military Auxiliary Power Unit (APU) Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios
Global Aerospace and Military Auxiliary Power Unit (APU) market was valued at US xx billion in xx and is projected to reach at a market value of US$ xx billion by 2031.
COVID-19 Impact on Aerospace and Military Auxiliary Power Unit (APU) Market
COVID-19 has spread worldwide and is creating havoc. It has impacted all industries, all sectors, with disturbing economic and financial losses. IATA data shows a decrease in air-traffic by 60%. During the week of October 12, 2020, the number of scheduled flights worldwide reduced by 46.4% in comparison with the week of October 14, 2019, with high cross-country variations. In some countries, the year-on-year (Y-O-Y) decline in the number of passenger flights reached over 90%, for instance, reaching 98 percent decline in Italy. This led in a reduced demand for APU, and thus hinders its growth in the global scenario.
Increase in Air Travel
The air transport industry is not only a crucial engine of global socio-economic growth; but is also of chief importance as an accelerator of economic development across the globe. The air traffic has witnessed a growing demand each year (the number of scheduled passengers boarded by the global airline industry in 2010 was 2695 million that rose to 4543 million is 2019) which is anticipated to propel the growth of Aerospace and Military Auxiliary Power Unit (APU) Market over the forecast timeframe
High Demand for Electric Aircrafts
Major companies are focusing to develop auxiliary power unit with effective solutions that enable fuel-efficiency compared to the traditional auxiliary power unit (APU). The use of lithium-ion (Li-ion) batteries is also being witnessed in the auxiliary power unit market, which offers superior energy within a smaller weight and volume footprint. Such factors expected to drive the growth of aerospace and military auxiliary power unit (APU) Market over the forecast timeframe.
Rising Demand for Cleaner Environment
The rising demand for a non-polluting auxiliary power unit is expected to prompt the development of the emission-free technology worldwide. The transition from battery-powered APU to an all-electric APU is anticipated to enhance the total run-time and offer an ecologically clean substitute for the traditional auxiliary power unit.
Technological Advancements in Fuel Cells
The growing demand for quieter and noise-minimizing solutions is expected to impact the APU market. Various manufacturers across the globe are transforming and are moving towards innovative products that could help control the generated noise. This is expected to bring smart alterations in the next generation auxiliary power unit.
Industry players are developing products serving the low fuel consumption needs, powering multiple number of electric systems on aircraft and achieving eco-friendly standards. For instance, Honeywell has developed HGT1700 APU that offers variable speed capability with appreciable output of 150 kVA and lowers the fuel consumption by 10%. Some of the companies profiled in the report include Honeywell, Microturbo, Hamilton Sundstrand, Pratt & Whitney, Jenoptik AG, Kinetics Ltd., The Marvin Group, Dewey Electronics Corporation, Falck Schmidt, and Meggitt PLC, among others.
In June 2018, Liebherr Aerospace & Transportation announced partnership with automotive giant General Motors to develop a non-polluting APU for future single-aisle aircraft.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 20 7549 9987.
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Visiongain Publishes Airport Security Market Report 2023-2033
The global Airport Security market was valued at US$12,211.2 million in 2022 and is projected to grow at a CAGR of 8.5% during the forecast period 2023-2033.
25 May 2023
Visiongain Publishes Hypersonic Technology Market Report 2023-2033
The global Hypersonic Technology market was valued at US$5,548 million in 2022 and is projected to grow at a CAGR of 7.2% during the forecast period 2023-2033.
02 May 2023
Visiongain Publishes Business and Private Jet Market Report 2023-2033
The global Business and Private Jet market was valued at US$28.11 billion in 2022 and is projected to grow at a CAGR of 16.2% during the forecast period 2023-2033.
21 April 2023
Visiongain Publishes Aviation Maintenance, Repair & Overhaul (MRO) Market Report 2023-2033
The global aviation maintenance, repair & overhaul (MRO) market was valued at more than US$78 billion in 2022 and is projected to grow at a CAGR of 4.9% during the forecast period 2023-2033.