Emphasis on By Aircraft (Fixed Wing, Rotary Wing, UAVs); By Platform (Commercial and Military), and Regions (North America (The US, Canada, Rest of North America), Europe (Germany, The UK, France, Italy, Spain, Rest of the Europe), Asia-pacific (China, Japan, India, Rest of the Asia-pacific), Rest of the World)
The Global Aircraft Auxiliary Power Unit market was valued at USD 3560 million in 2023 and is expected to grow at a strong CAGR of around 3.44% during the forecast period (2024-2032) owing to rising demand for Aircraft Auxiliary Power Unit in the aircraft industry across the globe.
Aircraft Auxiliary power units are conducive to increasing the range of aircraft in case of engine failure. These backup systems offer a second line of power after any engine power outage and help the aircraft maintain its operations. These battery systems are usually on standby and are charged with the help of power generated by the aircraft’s engines. The aircraft auxiliary power unit provides hydraulic power, pneumatic power supply, and electrical power supply assisting the aircraft to fly.
The Global Aircraft Auxiliary Power Unit market was valued at USD 3560 million in 2023 and is expected to grow at a strong CAGR of around 3.44% during the forecast period (2024-2032). One of the key factors that has supported the growth of the global aircraft auxiliary power unit market is the rising sales of commercial aircraft. The upshift in air travel due to the revival after the COVID-19 pandemic has led a sizable number of airlines across the globe to expand their fleet. Additionally, international as well as domestic travel is also observed across the leading economies due to which the demand for commercial aircraft fleet has also been instigated. For instance, in 2023, Indigo (Interglobe Aviation) announced its plans to purchase 500 Airbus A320 aircraft. A steady stream of delivery will be provided to the company between 2030 to 2035.
In another instance, in 2024, American Airlines announced to purchase of 260 new aircraft. These aircraft models will include 90 Embraer E175, 85 Boeing 737 Max, and 85 Airbus A321neo.
With the surge in the demand for new commercial aircraft, the demand for aircraft auxiliary power units among the OEM would significantly rise as it is an integral part of commercial aircraft. Additionally, various other aircraft categories such as cargo aircraft both commercial and military, helicopters for transport, and military applications are also experiencing rapid surges across the globe. Considering all these shifts the demand for aircraft auxiliary power units is anticipated to rise during 2024-2032.
This section discusses the key market trends that are influencing the various segments of the Global Aircraft Auxiliary Power Unit Market as identified by our team of research experts.
Shift Towards Electric Aircraft
Electric aircraft is one of the fastest growing categories which would be crucial for the uptick in the demand for aircraft auxiliary power unit market. The respective systems use electric batteries for the running of the hydraulic and other pneumatic systems in the aircraft further promoting zero-carbon emission and sustainability in the aviation industry. As the respective category is used for air taxis, short-range recreational travel, and other applications the requirement for a robust secondary power unit to avoid any accident due to power failure in the main power source would also come into the picture. Considering these shifts and rising application and integration of electric aircraft the demand for aircraft auxiliary power units would emerge during forthcoming years.
North America is Expected to Hold Major Market Share During Forecast Period
North America’s auxiliary power unit has held a major market share due to the presence of a high number of commercial and military aircraft production units. Additionally, the region is also home to a sizeable number of large buyers for aircraft as leading logistics providers, commercial aviation providers, and air forces in leading countries such as the US, Canada, and Mexico. As the region is also one of the leading exporters of aircraft of both commercial and military categories the demand for new-age aircraft has been observed further strengthening the demand for aircraft and instigating the demand for aircraft auxiliary power units in the OEM category. Additionally, the region has experienced many leading shifts as follows:
In 2022, UPS announced to purchase of 8 more Boeing 767 Freighters to expand its carrier fleet to 108 aircraft. According to Boeing the delivery of these aircraft will start from the year 2025.
In another instance, in 2024, Air Canada announced its purchase of 8 Boeing 737Max aircraft which are scheduled to be delivered by 2025. The deal is in line with the company’s plans to expand its fleet size to accommodate the growing demand for air travel across the globe.
The Global Aircraft Auxiliary Power Unit market is competitive and fragmented, with the presence of several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Honeywell International Inc., MTU Aero Engines, Technodinamika, Elbit Systems (Kinetic Ltd), Rolls Royce plc, GE Aviation Electrical Power Systems (Dayton), AEGIS Power Systems Inc., Pratt & Whitney Corp., PBS Aerospace, and Safran Power Units.
In 2024, Air China announced the purchase of 100 units from domestic aircraft manufacturing company Commercial Aircraft Corporation of China (COMAC). The order is anticipated to cost around USD 10.8 billion.
In 2024, Cathy Pacific signed a deal to purchase 30 Airbus A320neo aircraft with a total cost of USD 11 billion.
The Global Aircraft Auxiliary Power Unit market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs; hence, feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Executive Summary
4. Market Dynamics
5. Pricing Analysis
6. Global Aircraft Auxiliary Power Unit Market Revenue (usd Mn), 2022-2032f
7. Market Insights By Aircraft
8. Market Insights By Platform
9. Market Insights By Region
10. Value Chain Analysis
11. Competitive Landscape
12. Company Profiled
13. Acronyms & Assumption
14. Annexure
Analyzing the historical market, estimating the current market, and forecasting the future market of the Global Aircraft Auxiliary Power Unit market were the three major steps undertaken to create and analyze the adoption of Global Aircraft Auxiliary Power Unit in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted with industry experts across the value chain of the Global Aircraft Auxiliary Power Unit market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry. Detailed methodology is explained below:
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the Global Aircraft Auxiliary Power Unit market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Global Aircraft Auxiliary Power Unit market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as by aircraft and by platform. Further regional/country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Global Aircraft Auxiliary Power Unit market. Further, we conducted factor analysis using dependent and independent variables such as by aircraft and by platform in the Global Aircraft Auxiliary Power Unit market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Global Aircraft Auxiliary Power Unit market sector across the globe.
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Aircraft Auxiliary Power Unit market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors, including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques, i.e., the top-down/bottom-up approach, were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the Global Aircraft Auxiliary Power Unit market across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the Global Aircraft Auxiliary Power Unit market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs), including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Global Aircraft Auxiliary Power Unit market. Data was split into several segments and sub-segments after studying various parameters and trends by aircraft and by platform in the Global Aircraft Auxiliary Power Unit market.
The current & future market trends of the Global Aircraft Auxiliary Power Unit market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the current market size and growth potential of the Global Aircraft Auxiliary Power Unit market?
Q2: What is the driving factor for the growth of the Global Aircraft Auxiliary Power Unit market?
Q3: Which segment has the largest share of the Global Aircraft Auxiliary Power Unit market by AIRCRAFT?
Q4: Which region will dominate the Global Aircraft Auxiliary Power Unit market?
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