Global Auxiliary Power Unit Growth Opportunities

Global Auxiliary Power Unit Growth Opportunities

All-electric Auxiliary Power Units to Drive Sustainable Aviation and Strategic Partnering

RELEASE DATE
29-Sep-2021
REGION
Global
Research Code: PBAE-01-00-00-00
SKU: AE01503-GL-MT_25823
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Description

The global auxiliary power unit market is headed toward delivering solutions that will help aircraft become more fuel efficient and involve a lower total cost of ownership. This Frost & Sullivan analysis of the market provides a 10-year forecast from 2020 to 2030. The total market was worth $2.04 billion in 2020 and, considering the impact of the COVID-19 pandemic, should see a compound annual growth rate (CAGR) of 3.6% during that time frame.

The study covers the auxiliary power units used on commercial aircraft. The market segments are linefit, retrofit, and aftermarket. Linefit accounts for 12.1% of the market share and is driven by the delivery of new aircraft to airlines. Demand for retrofit and aftermarket comes from airlines’ need to maintain their existing aircraft. Honeywell and Pratt & Whitney are the 2 leading companies that form a market duopoly. Boeing partnered with Safran in attempt to enter the auxiliary power unit space by creating a new joint venture named Initium, but the COVID-19 pandemic halted their business due to weak demand for new aircraft.

The pandemic has drastically reduced passenger traffic and decreased aircraft utilization; however, regulatory mandates will drive the retrofit market. The demand for new aircraft, which led to peak production levels in 2018 (pre-COVID-19), came from emerging economies, particularly from China. Although it could take until 2024 to return to pre-pandemic levels, China and other Asian countries will remain the largest consumers of new aircraft. The United States and Europe are restructuring their aircraft fleets by replacing older aircraft with more efficient ones. This will help airlines control OPEX and maintenance costs.

Leading market suppliers are focused on innovating and utilizing new technologies such additive manufacturing. They are also working to introduce the all-electric auxiliary power unit, which will help them reduce their carbon footprint.

Key Issues Addressed

  • What is the size and state of the global auxiliary power unit market? What impact has COVID-19 had on the market?
  • What are the market drivers and restraints?
  • How will the latest technology trends impact the auxiliary power unit market?
  • Who are the key vendors in the market and how well are they positioned on the competitive landscape?
  • What are the major growth opportunity areas for auxiliary power unit suppliers?

Author: Waseem Ahmed Khan

 

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Auxiliary Power Unit Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Auxiliary Power Unit Market Scope of Analysis

Key Questions this Study will Answer

Auxiliary Power Unit Market Segmentation

Auxiliary Power Unit Segmentation by Region

COVID-19 Impact

Research Methodology

Global Auxiliary Power Unit Market Value Chain

Key Growth Metrics for Auxiliary Power Unit Market

Key Vendors in Auxiliary Power Unit Market

Growth Drivers for Auxiliary Power Unit

Growth Driver Analysis for Auxiliary Power Unit

Growth Restraints for Auxiliary Power Unit

Growth Restraint Analysis for Aviation Satcom

Initium

Initium (continued)

Additive Manufacturing

Additive Manufacturing (continued)

Additive Manufacturing (continued)

Additive Manufacturing for Auxiliary Power Unit Market—Patent Landscape 2010–2020, Global

Additive Manufacturing for Auxiliary Power Unit Market—Patent Landscape 2010–2020, Global (continued)

Forecast Assumptions—Auxiliary Power Unit Market

Revenue Forecast—Auxiliary Power Unit Market

Revenue Forecast by Industry Vertical—Auxiliary Power Unit Market

Revenue Forecast by Region—Auxiliary Power Unit Market

Revenue Forecast Analysis—Auxiliary Power Unit Market

Revenue Forecast Analysis by Industry Vertical—Auxiliary Power Unit Market

Revenue Forecast Analysis by Region—Auxiliary Power Unit Market

Competitive Environment—Auxiliary Power Unit

Revenue Share—Auxiliary Power Unit Market

Revenue Share Analysis—Auxiliary Power Unit Market

Revenue Share Analysis—Auxiliary Power Unit Market (continued)

Revenue Share Analysis—Auxiliary Power Unit Market (continued)

Key Growth Metrics for APAC

Revenue Forecast—APAC

Revenue Forecast by Industry Vertical—Auxiliary Power Unit Market for APAC

Revenue Forecast Analysis for APAC

Revenue Forecast Analysis for APAC (continued)

Key Growth Metrics for North America

Revenue Forecast—North America

Revenue Forecast by Industry Vertical—Auxiliary Power Unit Market for North America

Forecast Analysis for North America

Key Growth Metrics for Europe

Revenue Forecast—Europe

Revenue Forecast by Industry Vertical—Auxiliary Power Unit Market for Europe

Forecast Analysis for Europe

Key Growth Metrics for Latin America

Revenue Forecast—Latin America

Revenue Forecast by Industry Vertical—Auxiliary Power Unit Market for Latin America

Forecast Analysis for Latin America

Key Growth Metrics for the Middle East and Africa

Revenue Forecast—the Middle East and Africa

Revenue Forecast by Industry Vertical—Auxiliary Power Unit Market for the Middle East and Africa

Forecast Analysis for the Middle East and Africa

Growth Opportunity 1: All-electric Auxiliary Power Units to Reduce Noise and Save on Fuel

Growth Opportunity 1: All-electric Auxiliary Power Units to Reduce Noise and Save on Fuel (continued)

Growth Opportunity 2: Partnerships with Specialized Technology Companies to Make Auxiliary Power Units More Fuel Efficient

Growth Opportunity 2: Partnerships with Specialized Technology Companies to Make Auxiliary Power Units More Fuel Efficient (continued)

Growth Opportunity 3: Close Relationships Give Independent MROs a Chance for More Contracts

Growth Opportunity 3: Close Relationships Give Independent MROs a Chance for More Contracts (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

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Related Research
The global auxiliary power unit market is headed toward delivering solutions that will help aircraft become more fuel efficient and involve a lower total cost of ownership. This Frost & Sullivan analysis of the market provides a 10-year forecast from 2020 to 2030. The total market was worth $2.04 billion in 2020 and, considering the impact of the COVID-19 pandemic, should see a compound annual growth rate (CAGR) of 3.6% during that time frame. The study covers the auxiliary power units used on commercial aircraft. The market segments are linefit, retrofit, and aftermarket. Linefit accounts for 12.1% of the market share and is driven by the delivery of new aircraft to airlines. Demand for retrofit and aftermarket comes from airlines need to maintain their existing aircraft. Honeywell and Pratt & Whitney are the 2 leading companies that form a market duopoly. Boeing partnered with Safran in attempt to enter the auxiliary power unit space by creating a new joint venture named Initium, but the COVID-19 pandemic halted their business due to weak demand for new aircraft. The pandemic has drastically reduced passenger traffic and decreased aircraft utilization; however, regulatory mandates will drive the retrofit market. The demand for new aircraft, which led to peak production levels in 2018 (pre-COVID-19), came from emerging economies, particularly from China. Although it could take until 2024 to return to pre-pandemic levels, China and other Asian countries will remain the largest consumers of new aircraft. The United States and Europe are restructuring their aircraft fleets by replacing older aircraft with more efficient ones. This will help airlines control OPEX and maintenance costs. Leading market suppliers are focused on innovating and utilizing new technologies such additive manufacturing. They are also working to introduce the all-electric auxiliary power unit, which will help them reduce their carbon footprint.--BEGIN PROMO--

Key Issues Addressed

  • What is the size and state of the global auxiliary power unit market? What impact has COVID-19 had on the market?
  • What are the market drivers and restraints?
  • How will the latest technology trends impact the auxiliary power unit market?
  • Who are the key vendors in the market and how well are they positioned on the competitive landscape?
  • What are the major growth opportunity areas for auxiliary power unit suppliers?

Author: Waseem Ahmed Khan

 

More Information
No Index No
Podcast No
Predecessor 9AB0-22
Author Waseem Ahmed Khan
Industries Aerospace, Defence and Security
WIP Number PBAE-01-00-00-00
Is Prebook No
GPS Codes 9000-A1