The aircraft auxiliary power unit market has grown steadily in recent years. It will grow from $3.35 billion in 2023 to $3.48 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The expansion witnessed during the historical period can be credited to several factors, including the need for fuel efficiency, adherence to strict environmental regulations, the continual expansion of air transport networks, the emergence and growth of regional and low-cost carriers, and a heightened emphasis on enhancing passenger comfort.
The aircraft auxiliary power unit market is expected to see steady growth in the next few years. It will grow to $4.02 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The anticipated growth in the forecast period can be linked to various factors, notably the modernization of current aircraft fleets, the incorporation of increasingly electric aircraft systems, the ongoing development of sustainable aviation solutions, the expansion of urban air mobility (UAM), the continuous enhancement of connectivity and avionics systems, and a concerted effort towards weight reduction in aviation. Several prominent trends expected in the forecast period encompass advancements in auxiliary power unit (APU) technology, a heightened demand for more fuel-efficient APUs, the integration of advanced materials into aircraft systems, a dedicated focus on reducing noise levels, as well as a substantial emphasis on digitalization and enhanced connectivity within aviation.
The surge in aircraft deliveries is expected to drive the expansion of the aircraft APU market. Aircraft deliveries encompass the comprehensive process involving manufacturing, assembly, and handover of aircraft to various customers, including airlines, private owners, and military organizations. APUs function by providing power to the aircraft's electrical and pneumatic systems, enabling independent operation on the ground or during maintenance activities. This diminishes reliance on external power sources, offering enhanced operational flexibility for airlines. For example, data from the General Aviation Manufacturers Association (GAMA) in February 2023 highlighted notable increases in deliveries across different aircraft types in 2022 compared to the previous year. This growth, valued at $22.9 billion in 2022, marked a substantial upswing of nearly 5.8% from 2021, indicating a robust increase in aircraft deliveries and thereby propelling the aircraft APU market.
The escalating demand for air travel is set to significantly contribute to the aircraft APU market's growth. Air transportation involves the movement of people and goods through the use of aircraft such as airplanes and drones. APUs serve a critical role in air travel, enabling aircraft to operate autonomously without relying on ground support equipment such as external air conditioning or power units. Notably, a report released by the International Civil Aviation Organization (ICAO) in May 2022 indicated a substantial increase in total air traffic, measured in revenue passenger kilometers (RPKs), particularly in June 2022, with a staggering 76.2% surge over June 2021. This surge is attributed primarily to the strong resurgence in foreign travel. Consequently, the heightened demand for air travel continues to drive the growth trajectory of the aircraft auxiliary power unit market.
The aircraft auxiliary power unit (APU) market is witnessing a notable surge in technological advancements, shaping its trajectory as a key trend. Major players within this market are actively engaged in developing innovative solutions to fortify their market positions. For instance, Ampaire, a US-based pioneer in hybrid-electric aircraft conversion, forged a partnership in September 2022 with Electric Power (EP) Systems, a US-based provider of energy storage systems. This collaboration aimed to equip the nine-passenger Cessna Grand Caravan with hybrid-electric capabilities, transforming it into the Eco Caravan aircraft. EP Systems' EPiC energy storage system was selected for integration into the Eco Caravan, known for powering various manned and unmanned aircraft such as Embraer Ipanema, Boeing CAV, NASA X-57, Diamond eDA-40, and Aurora Flight Sciences Pegasus with other battery systems.
Major companies in the aircraft APU sector are prioritizing the development of innovative products such as high-specific power generators to optimize market revenues. Notably, LaunchPoint Electric Propulsion Solutions Inc., a US-based developer specializing in electric and hybrid-electric propulsion, introduced the LaunchPoint HPS055 GenSet in August 2021. This 5.5kW high-specific power generator, coupled with a hybrid electric power/engine controller system, facilitates extended-range flight for drones. Utilizing specialized electric machines and GenSet technology, this system enables drones to cover longer distances and carry heavier payloads, catering to applications in security, inspection, mapping, and cargo delivery within military and commercial drone operations.
In November 2022, Safran, a France-based aerospace company, made an undisclosed acquisition of the aeronautical electrical systems business of Thales. This strategic move bolstered Safran's portfolio and expanded its presence in diverse sectors such as defense and helicopters. Thales, a renowned French company, was a key player in providing auxiliary power units (APUs) crucial for supplying electricity to start engines and delivering devices and equipment across aerospace, defense, and transportation sectors.
Major companies operating in the aircraft auxiliary power unit market report are Honeywell International Inc., Hamilton Sundstrand Corporation, Technodinamika, Kinetics Ltd., Rolls-Royce PLC, AEGIS Power Systems Inc., Pratt & Whitney Canada Corp., Safran Power Units SAS, United Technologies Corporation, The Dewey Electronics Corporation, Liebherr-Aerospace Lindenberg GmbH, General Electric Company, BAE Systems plc., Raytheon Technologies Corporation, BOSA S.A., JSC NPP Aerosila, PBS Group a. s., Microturbo, Falck Schmidt Defence Systems A/S, Hartzell Aerospace, Dewey Electronics Corporation, The Marvin Group, AMETEK Airtechnology Group, Behlman Electronics Inc., Tecknowledgey, UTC Aerospace Systems, Aerospace Turbine Rotables Inc., AeroVironment Inc., Airborne Systems North America, Aircraft Electronics Associatio.
North America was the largest region in the aircraft auxiliary power unit market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aircraft auxiliary power unit market report during the forecast period. The regions covered in the aircraft auxiliary power unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft auxiliary power unit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary outputs of the aircraft auxiliary power unit include battery power and electric ground power. It finds application across a range of aircraft types, including fixed-wing, wide-body, narrow-body, rotary-wing, unmanned aerial vehicles, and others. Fixed-wing aircraft are those that rely on wings and their design for flight, catering to various end users such as military, commercial, and general aviation.
The aircraft auxiliary power unit market research report provides aircraft auxiliary power unit market statistics, including aircraft auxiliary power unit industry global market size, regional shares, competitors with an aircraft auxiliary power unit market share, detailed aircraft auxiliary power unit market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft auxiliary power unit industry. This aircraft auxiliary power unit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aircraft auxiliary power unit market consists of sales of battery, hydraulic accumulator, and combustion engines using diesel, gas, or propane fuel. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The aircraft auxiliary power unit market is expected to see steady growth in the next few years. It will grow to $4.02 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The anticipated growth in the forecast period can be linked to various factors, notably the modernization of current aircraft fleets, the incorporation of increasingly electric aircraft systems, the ongoing development of sustainable aviation solutions, the expansion of urban air mobility (UAM), the continuous enhancement of connectivity and avionics systems, and a concerted effort towards weight reduction in aviation. Several prominent trends expected in the forecast period encompass advancements in auxiliary power unit (APU) technology, a heightened demand for more fuel-efficient APUs, the integration of advanced materials into aircraft systems, a dedicated focus on reducing noise levels, as well as a substantial emphasis on digitalization and enhanced connectivity within aviation.
The surge in aircraft deliveries is expected to drive the expansion of the aircraft APU market. Aircraft deliveries encompass the comprehensive process involving manufacturing, assembly, and handover of aircraft to various customers, including airlines, private owners, and military organizations. APUs function by providing power to the aircraft's electrical and pneumatic systems, enabling independent operation on the ground or during maintenance activities. This diminishes reliance on external power sources, offering enhanced operational flexibility for airlines. For example, data from the General Aviation Manufacturers Association (GAMA) in February 2023 highlighted notable increases in deliveries across different aircraft types in 2022 compared to the previous year. This growth, valued at $22.9 billion in 2022, marked a substantial upswing of nearly 5.8% from 2021, indicating a robust increase in aircraft deliveries and thereby propelling the aircraft APU market.
The escalating demand for air travel is set to significantly contribute to the aircraft APU market's growth. Air transportation involves the movement of people and goods through the use of aircraft such as airplanes and drones. APUs serve a critical role in air travel, enabling aircraft to operate autonomously without relying on ground support equipment such as external air conditioning or power units. Notably, a report released by the International Civil Aviation Organization (ICAO) in May 2022 indicated a substantial increase in total air traffic, measured in revenue passenger kilometers (RPKs), particularly in June 2022, with a staggering 76.2% surge over June 2021. This surge is attributed primarily to the strong resurgence in foreign travel. Consequently, the heightened demand for air travel continues to drive the growth trajectory of the aircraft auxiliary power unit market.
The aircraft auxiliary power unit (APU) market is witnessing a notable surge in technological advancements, shaping its trajectory as a key trend. Major players within this market are actively engaged in developing innovative solutions to fortify their market positions. For instance, Ampaire, a US-based pioneer in hybrid-electric aircraft conversion, forged a partnership in September 2022 with Electric Power (EP) Systems, a US-based provider of energy storage systems. This collaboration aimed to equip the nine-passenger Cessna Grand Caravan with hybrid-electric capabilities, transforming it into the Eco Caravan aircraft. EP Systems' EPiC energy storage system was selected for integration into the Eco Caravan, known for powering various manned and unmanned aircraft such as Embraer Ipanema, Boeing CAV, NASA X-57, Diamond eDA-40, and Aurora Flight Sciences Pegasus with other battery systems.
Major companies in the aircraft APU sector are prioritizing the development of innovative products such as high-specific power generators to optimize market revenues. Notably, LaunchPoint Electric Propulsion Solutions Inc., a US-based developer specializing in electric and hybrid-electric propulsion, introduced the LaunchPoint HPS055 GenSet in August 2021. This 5.5kW high-specific power generator, coupled with a hybrid electric power/engine controller system, facilitates extended-range flight for drones. Utilizing specialized electric machines and GenSet technology, this system enables drones to cover longer distances and carry heavier payloads, catering to applications in security, inspection, mapping, and cargo delivery within military and commercial drone operations.
In November 2022, Safran, a France-based aerospace company, made an undisclosed acquisition of the aeronautical electrical systems business of Thales. This strategic move bolstered Safran's portfolio and expanded its presence in diverse sectors such as defense and helicopters. Thales, a renowned French company, was a key player in providing auxiliary power units (APUs) crucial for supplying electricity to start engines and delivering devices and equipment across aerospace, defense, and transportation sectors.
Major companies operating in the aircraft auxiliary power unit market report are Honeywell International Inc., Hamilton Sundstrand Corporation, Technodinamika, Kinetics Ltd., Rolls-Royce PLC, AEGIS Power Systems Inc., Pratt & Whitney Canada Corp., Safran Power Units SAS, United Technologies Corporation, The Dewey Electronics Corporation, Liebherr-Aerospace Lindenberg GmbH, General Electric Company, BAE Systems plc., Raytheon Technologies Corporation, BOSA S.A., JSC NPP Aerosila, PBS Group a. s., Microturbo, Falck Schmidt Defence Systems A/S, Hartzell Aerospace, Dewey Electronics Corporation, The Marvin Group, AMETEK Airtechnology Group, Behlman Electronics Inc., Tecknowledgey, UTC Aerospace Systems, Aerospace Turbine Rotables Inc., AeroVironment Inc., Airborne Systems North America, Aircraft Electronics Associatio.
North America was the largest region in the aircraft auxiliary power unit market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global aircraft auxiliary power unit market report during the forecast period. The regions covered in the aircraft auxiliary power unit market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aircraft auxiliary power unit market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary outputs of the aircraft auxiliary power unit include battery power and electric ground power. It finds application across a range of aircraft types, including fixed-wing, wide-body, narrow-body, rotary-wing, unmanned aerial vehicles, and others. Fixed-wing aircraft are those that rely on wings and their design for flight, catering to various end users such as military, commercial, and general aviation.
The aircraft auxiliary power unit market research report provides aircraft auxiliary power unit market statistics, including aircraft auxiliary power unit industry global market size, regional shares, competitors with an aircraft auxiliary power unit market share, detailed aircraft auxiliary power unit market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft auxiliary power unit industry. This aircraft auxiliary power unit market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The aircraft auxiliary power unit market consists of sales of battery, hydraulic accumulator, and combustion engines using diesel, gas, or propane fuel. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Aircraft Auxiliary Power Unit Market Characteristics3. Aircraft Auxiliary Power Unit Market Trends and Strategies31. Global Aircraft Auxiliary Power Unit Market Competitive Benchmarking32. Global Aircraft Auxiliary Power Unit Market Competitive Dashboard33. Key Mergers and Acquisitions in the Aircraft Auxiliary Power Unit Market
4. Aircraft Auxiliary Power Unit Market - Macro Economic Scenario
5. Global Aircraft Auxiliary Power Unit Market Size and Growth
6. Aircraft Auxiliary Power Unit Market Segmentation
7. Aircraft Auxiliary Power Unit Market Regional and Country Analysis
8. Asia-Pacific Aircraft Auxiliary Power Unit Market
9. China Aircraft Auxiliary Power Unit Market
10. India Aircraft Auxiliary Power Unit Market
11. Japan Aircraft Auxiliary Power Unit Market
12. Australia Aircraft Auxiliary Power Unit Market
13. Indonesia Aircraft Auxiliary Power Unit Market
14. South Korea Aircraft Auxiliary Power Unit Market
15. Western Europe Aircraft Auxiliary Power Unit Market
16. UK Aircraft Auxiliary Power Unit Market
17. Germany Aircraft Auxiliary Power Unit Market
18. France Aircraft Auxiliary Power Unit Market
19. Italy Aircraft Auxiliary Power Unit Market
20. Spain Aircraft Auxiliary Power Unit Market
21. Eastern Europe Aircraft Auxiliary Power Unit Market
22. Russia Aircraft Auxiliary Power Unit Market
23. North America Aircraft Auxiliary Power Unit Market
24. USA Aircraft Auxiliary Power Unit Market
25. Canada Aircraft Auxiliary Power Unit Market
26. South America Aircraft Auxiliary Power Unit Market
27. Brazil Aircraft Auxiliary Power Unit Market
28. Middle East Aircraft Auxiliary Power Unit Market
29. Africa Aircraft Auxiliary Power Unit Market
30. Aircraft Auxiliary Power Unit Market Competitive Landscape and Company Profiles
34. Aircraft Auxiliary Power Unit Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aircraft auxiliary power unit market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for aircraft auxiliary power unit? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Product: Battery Power; Electric Ground Power
2) By Aircraft Type: Fixed Wind; Wide Body; Narrow Body; Rotary Wing; Unmanned Aerial Vehicle; Other Types
3) By End User: Military Aircrafts; Commercial Aircrafts; General Aviation
Key Companies Mentioned: Honeywell International Inc.; Hamilton Sundstrand Corporation; Technodinamika; Kinetics Ltd.; Rolls-Royce PLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Honeywell International Inc.
- Hamilton Sundstrand Corporation
- Technodinamika
- Kinetics Ltd.
- Rolls-Royce PLC
- AEGIS Power Systems Inc.
- Pratt & Whitney Canada Corp.
- Safran Power Units SAS
- United Technologies Corporation
- The Dewey Electronics Corporation
- Liebherr-Aerospace Lindenberg GmbH
- General Electric Company
- BAE Systems plc.
- Raytheon Technologies Corporation
- BOSA S.A.
- JSC NPP Aerosila
- PBS Group a. s.
- Microturbo
- Falck Schmidt Defence Systems A/S
- Hartzell Aerospace
- Dewey Electronics Corporation
- The Marvin Group
- AMETEK Airtechnology Group
- Behlman Electronics Inc.
- Tecknowledgey
- UTC Aerospace Systems
- Aerospace Turbine Rotables Inc.
- AeroVironment Inc.
- Airborne Systems North America
- Aircraft Electronics Associatio
Methodology
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