Visiongain has published a new report on Auxiliary Power Unit Market : Forecasts by Type (Gas Turbine, APU, Fuel Cell APU, Electronically controlled APU), by Application (Commercial, Military), by Platform (Fixed Wing, Rotary Wing), by Aircraft Type (Narrow Body, Wide Body, Very Large Body, Regional Transport, Fighter Jets, Commercial Helicopters, Military Helicopters) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.

Global APU market was valued at US$ xx billion in 2021 and is projected to reach at a market value of US$ xx billion by 2031. The growth of this market can be attributed to necessity to reduce aircraft fuel consumption, increasing focus on more electric aircraft and huge demand for aircraft from emerging economies. Aircraft fuel is one of the major operational costs for aircraft operator and airlines. The aviation industry is looking toward reducing aircraft fuel consumption so as to reduce cost as well as reduce carbon emissions. With the growing necessity to reduce aircraft fuel consumption, it is expected that APU market will grow significantly during the forecast period.

In a more electric aircraft, the electrical system is adopted to replace the pneumatic, hydraulic and mechanical systems. With the adoption of more electric aircraft, the need for high density batteries will also increase. Hence, increasing focus on more electric aircraft is expected to drive the APU market during the forecast period.

With the increase of air passenger traffic across the globe, particularly Asia Pacific and Middle East, it is anticipated that these regions will be creating a huge demand for aircraft in the next couple of decades. This demand for aircraft from emerging economies may attribute to the growth of APU market.

COVID-19 Impact on APU Market
Due to Covid-19, the international trade and tourism has dropped significantly and the market is expected to recover its stability slowly over the next two to three years. As the international trade and commerce business sector is witnessing sluggish growth, the demand for commercial aircraft video surveillance systems is expected to slow down during the first half of the forecast period till 2022. Airbus and Boeing have shut down some of their production facilities during the pandemic. Moreover, airlines have also not ordered any new aircraft during the pandemic.

Competitive Landscape
The players operating in the APU market are focusing on developing advanced batteries so as to cater to the demand of enhanced aircraft performance. Some of the company’s profiled in this report include Honeywell Inc, Safran Group, Hamilton Sundstrand, The Marvin Group, Pratt & Whitney, PBS Group, ASP-Equipment GmbH, Motor Sich JSC, Technodinamika JSC, and Ivchenko-Progress.
• In June 2017, Honeywell received a contract worth USD 100 million from VietJet Air for 98 auxiliary power units for the airliner's new fleet of Airbus A320 aircraft. This contract will run through 2022 and includes maintenance servicing for 12 years. Honeywell previously has supplied VietJet Air with auxiliary power units (APUs) across the airline's entire fleet of 135 Airbus A320s.
• In June 2018, Boeing and Safran entered into an agreement to jointly design, build and service Auxiliary Power Units (APUs). Both companies have a 50 percent stake in the partnership.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

About Visiongain
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.