Visiongain has published a new report on Aerospace & Military Auxiliary Power Unit (APU) Market Report to 2031: Forecasts by Application (Commercial Aircraft, Military Aircraft, Military Land Vehicle, and Rotary copter). PLUS, Profiles of Aerospace and Military Auxiliary Power Unit (APU) Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios
COVID-19 Impact on Aerospace and Military Auxiliary Power Unit (APU) Market
COVID-19 has spread worldwide and is creating havoc. It has impacted all industries, all sectors, with disturbing economic and financial losses. IATA data shows a decrease in air-traffic by 60%. During the week of October 12, 2020, the number of scheduled flights worldwide reduced by 46.4% in comparison with the week of October 14, 2019, with high cross-country variations. In some countries, the year-on-year (Y-O-Y) decline in the number of passenger flights reached over 90%, for instance, reaching 98 percent decline in Italy. This led in a reduced demand for APU, and thus hinders its growth in the global scenario.
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Increase in Air Travel
The air transport industry is not only a crucial engine of global socio-economic growth; but is also of chief importance as an accelerator of economic development across the globe. The air traffic has witnessed a growing demand each year (the number of scheduled passengers boarded by the global airline industry in 2010 was 2695 million that rose to 4543 million is 2019) which is anticipated to propel the growth of Aerospace and Military Auxiliary Power Unit (APU) Market over the forecast time frame
High Demand for Electric Aircrafts
Major companies are focusing to develop auxiliary power unit with effective solutions that enable fuel-efficiency compared to the traditional auxiliary power unit (APU). The use of lithium-ion (Li-ion) batteries is also being witnessed in the auxiliary power unit market, which offers superior energy within a smaller weight and volume footprint. Such factors expected to drive the growth of aerospace and military auxiliary power unit (APU) Market over the forecast timeframe.
Rising Demand for Cleaner Environment
The rising demand for a non-polluting auxiliary power unit is expected to prompt the development of the emission-free technology worldwide. The transition from battery-powered APU to an all-electric APU is anticipated to enhance the total run-time and offer an ecologically clean substitute for the traditional auxiliary power unit.
Technological Advancements in Fuel Cells
The growing demand for quieter and noise-minimizing solutions is expected to impact the APU market. Various manufacturers across the globe are transforming and are moving towards innovative products that could help control the generated noise. This is expected to bring smart alterations in the next generation auxiliary power unit.
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How the Aerospace and Military Auxiliary Power Unit (APU) Market report helps you
In summary, our 500+ page report provides you with the following knowledge:
- Revenue forecasts to 2031 for Aerospace and Military Auxiliary Power Unit (APU) Market, with forecasts for Application each forecasted at a global and regional level- discover the industry’s prospects, finding the most lucrative places for investments and revenues.
- Revenue forecasts to 2031 for 5 regional and 16 key national markets – See forecasts for the Aerospace and Military Auxiliary Power Unit (APU) market in North America, Europe, Asia-Pacific and Rest of the World. Also forecasted is the market in the US, Canada, Argentina, Brazil, Germany, France, UK, Italy, Spain, China, India, Japan, and Australia among other prominent economies.
- Prospects for established firms and those seeking to enter the market
Industry players are developing products serving the low fuel consumption needs, powering multiple number of electric systems on aircraft and achieving eco-friendly standards. For instance, Honeywell has developed HGT1700 APU that offers variable speed capability with appreciable output of 150 kVA and lowers the fuel consumption by 10%. Some of the companies profiled in the report include Honeywell, Microturbo, Hamilton Sundstrand, Pratt & Whitney, Jenoptik AG, Kinetics Ltd., The Marvin Group, Dewey Electronics Corporation, Falck Schmidt, and Meggitt PLC, among others.
In June 2018, Liebherr Aerospace & Transportation announced partnership with automotive giant General Motors to develop a non-polluting APU for future single-aisle aircraft.
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