Global Commercial Aircraft Auxiliary Power Unit (APU) Market 2017-2021
About Commercial Aircraft Auxiliary Power Unit (APU)
Auxiliary power units (APUs), which are most widely used in commercial aircraft, are gas turbine engines that provide energy for various functions other than thrust. They are usually located at the rear tail section of aircraft. Boeing 727 aircraft was the first jetliner that featured a gas turbine APU in 1963. With the advancement in technology, fuel-efficient and lightweight APUs are being manufactured and installed with most large and medium-sized modern-day aircraft.
Technavio’s analysts forecast the global commercial aircraft auxiliary power unit (APU) market to grow at a CAGR of 7.07% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial aircraft auxiliary power unit (APU) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Aircraft Auxiliary Power Unit (APU) Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial aircraft auxiliary power unit (APU) market: Honeywell International, Safran, and United Technologies Corporation.
Other Prominent Vendors in the market are: AEROSILA, První brněnská strojírna Velká Bíteš, and Technodinamika.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of 3D printing technology. With the growth of the aerospace industry, aerospace companies are looking for innovative ways and technologies to manage their costs efficiently along with meeting the demands of the aviation market. One such technology is 3D printing or additive manufacturing. Aircraft component manufacturers are adopting this technology to develop cabin interiors and complex engine parts for their commercial aircraft.”
According to the report, one driver in the market is rise in demand for procurement of new-generation aircraft. Commercial aircraft OEMs are actively engaged in the development of new-generation aircraft that feature both reduced fuel consumption and decreased noise and carbon emission. The demand for air travel will likely double in the next 20 years due to the growth in air travel in key countries such as China, Russia, India, Indonesia, and the US. The year-over-year increase in air travel has also essentialized the induction of new aircraft to facilitate the growing demand. Therefore, both the aircraft OEMs and their suppliers are revamping their production facilities to ensure scheduled deliveries.
Further, the report states that one challenge in the market is effects of carbon neutral target. Most APUs used in commercial airlines are small gas turbines and consume a significant amount of fuel during operation. Since the late 1990s, there have been increasing efforts to diminish the fuel consumption during flight operation substantially. Aerospace companies and airlines worldwide are aggressively promoting carbon-reducing procedures and energy-saving measures to control and manage greenhouse gas emissions, which have adverse environmental impacts. Increasing challenges arising from climate changes and global warming have compelled many countries to adopt stringent regulations to reduce carbon emissions.
Honeywell International, Safran, and United Technologies Corporation, AEROSILA, První brněnská strojírna Velká Bíteš, and Technodinamika.
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