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Global Auxiliary Power Unit Growth Opportunities
Global Auxiliary Power Unit Growth Opportunities
All-electric Auxiliary Power Units to Drive Sustainable Aviation and Strategic Partnering
29-Sep-2021
Global
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.Click image to view it in full size
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)
Legal Disclaimer
Popular Topics
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
| 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 |