APU Market in Total will Grow Immensely with a Growth
According to Ananya Gogoi, Research Associate of the Aerospace and Defense business unit at MarketsandMarkets, “The global aerospace and military APU market is expected to register a CAGR of 3.92% by 2019, with North America and Europe as the high growth regions.”
The U.S., U.K., France, Russia, etc., will illustrate consistent levels of growth in the industry. In the Asia-Pacific and Middle East regions, the APU market will demonstrate a steady rise as both the regions are increasing their investments in the procurement of military vehicles and rotarycopters. China’s COMAC deliveries are expected to occur in future, which will boost the APU market. High oil prices in the Middle East act as a catalyst to increase the defense expenditure in the region to procure more rotarycopters, MBTs, and additional defense land vehicles.
With the end of the war in Afghanistan, the U.S. has cut down on the procurement of armored vehicles, which leaves a small investment in the military land vehicle APU market. However, investments in UAV and fighter aircraft are on the rise in the country. Also, the region is expecting an increased delivery of commercial aircraft in the future, due to an increased air travel rate following the global economy recovery.
APUs are a priority across all airborne vehicles that include commercial aircraft, fighter jets, UAVs, and rotarycopters. The rise in fuel prices and environmental regulations are moving the aviation industry towards the adoption of APUs. With upcoming technological developments such as solid oxide fuel cell, the APU market will reach a peak in the aviation industry in a few years.
In terms of applications, the commercial aircraft APUs capture a majority of the market size with 80.64% of the aerospace and military APU market.
At present, the market is dominated by a few top-notch players such as Honeywell, UTC Aerospace Systems’ subsidiaries Pratt & Whitney and Hamilton Sundstrand, along with Microturbo from Safran. These companies have dominated the APU market by capturing the leading aircraft manufacturers such as Boeing, Airbus, Embraer, Sikorsky, etc. New players who wish to join the APU market will have a tough time to compete with the above mentioned leading companies.
The APU market in total will grow immensely with a growth in air travel, and military requirements for silent monitoring capability of enemy battle arenas.
Related Reports:
Aerospace & Military Auxiliary Power Unit (APU) Market by Commercial Aircraft (WBA, NBA, and VLA), by Military Aircraft (Fighter and UAV), by Rotarycopter (Civil and Military), by Military Land Vehicle (MBT and Armored vehicles) & by Region (North America, Latin America, Asia-Pacific, Europe, and the Middle East & Africa) -Forecast & Analysis 2014 - 2019
https://www.marketsandmarkets.com/Market-Reports/aerospace-military-auxiliary-power-unit-apu-market-6361152.html
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