Aircraft auxiliary power unit is a device which deliver energy for many purposes except thrust force for engine. The principal function of the aircraft APU is providing power for starting the main engines of an aircraft. the smaller jet engines are usually given a preliminary propulsion with an electric motor, whereas larger engines are mostly propelled with the help of air turbine motor. Some of the major driver which fuels the aircraft auxiliary power unit market in the forecast period are the mounting air travel, fuel economy, and development of a quieter APU globally.
MARKET SCOPE
The "Global Aircraft Auxiliary Power Unit Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Aircraft Auxiliary Power Unit market with detailed market segmentation by Platform, Aircraft type, and geography. The global aircraft auxiliary power unit market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading aircraft auxiliary power unit market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? On the basis of Platform, the market is segmented into Military Aircraft, and Commercial Aircraft.
? Based on Aircraft Type, the market is segmented into Fixed Wing, Rotary Wing, and UAV.
MARKET DYNAMICS
Drivers:
? mounting technological advancements in auxiliary power unit products
? requirement of additional power
? growing need for electric aircraft to expand its reach across various region
Restraint -
? Defense budget cuts and requirement of skilled workforce
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aircraft auxiliary power unit market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porters five force analysis highlighting factors factors effecting the aircraft auxiliary power unit market in these regions.
IMPACT OF COVID-19 ON AIRCRAFT AUXILIARY POWER UNIT MARKET
COVID-19 severely impacted the aviation industry by the end of 2020 as there were several travel bans and other lockdown-related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including aircraft auxiliary power unit manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, airlines have been focusing on reducing costs and expenses, including cutting back on MRO spending. Due to the long duration of parked aircraft, there will be an accelerated rate of aircraft retirements and more efficient and advanced aircraft deployment. Since more maintenance is required by aircraft as they age, the replacement of older aircraft by new ones is positively affecting the aircraft auxiliary power unit market.
MARKET PLAYERS
The reports cover key developments in the Aircraft Auxiliary Power Unit market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from aircraft auxiliary power unit market are anticipated to lucrative growth opportunities in the future with the rising demand for Aircraft Auxiliary Power Unit market. Below mentioned is the list of few companies engaged in the aircraft auxiliary power unit market.
The report also includes the profiles of key aircraft auxiliary power unit market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
? Elbit Systems
? Raytheon Technologies
? Honeywell Inc.
? Technodinamika
? The Marvin Group
? Dewey Electronics Corporation
? START PAC
? Safran Power Units
? PBS Aerospace
? Lufthansa Technik
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.