(PRWEB) July 22, 2014
According to new report "Aerospace & Military Auxiliary Power Unit (APU) Market by Commercial Aircraft (WBA, NBA, and VLA), by Military Aircraft (Fighter and UAV), by Rotary copter (Civil and Military), by Military Land Vehicle (MBT and Armored vehicles) & by Region -Forecast & Analysis 2014 - 2019", the global aerospace and military auxiliary power unit (APU) market is estimated to register a market size of $1,851.69 Million by 2019.
This report provides an in-depth analysis of drivers, challenges, and restraints that impact the APU industry for aerospace and military platforms.
Browse 49 market data Tables and 13 Figures spread through 145 Pages and in-depth TOC on "Aerospace & Military Auxiliary Power Unit (APU) Market".
Early buyers will receive 10% customization on this report.
It also analyzes the market size by sub-segments, namely commercial aircraft that includes Wide Body Aircraft, Narrow Body Aircraft, and Very Large Aircraft, military aircraft that includes fighters and Unmanned Aerial Vehicle, rotary copter, and military land vehicle that includes Main Battle Tank and armored vehicles. The commercial aviation APU segment will have the highest CAGR worldwide, and will account for 80.64% of the market size during the forecast period.
The commercial aviation Auxiliary Power Unit segment will have the highest CAGR worldwide, and will account for 80.64% of the market size during the forecast period. Increase in air travel, environmental regulations paving a way for growth of electric aircraft market along with fuel economy drives the aerospace and military APU market. Huge opportunities exist in the APU market such as adoption of fuel cells and additional power backup requirement.
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 rotary copters. 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 rotary copters, 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 rotary copters. 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.
This report provides information of the leading competitors in the global aerospace and military APU market such as Honeywell, Hamilton Sundstrand, and Pratt & Whitney. Apart from a general overview of the companies, it also provides details on their financial positions, key products and services, key developments, key growth strategies, key markets, and their SWOT analysis.
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The austerity that leads to defense budget cuts across the U.S. and Europe are said to continue for a while, which will result in a gradual growth of Auxiliary Power Unit in the military industry. However, the U.S. and Europe aviation sector will observe a tremendous rise in the APU market due to the increased delivery of aircraft and rotary copters in future.
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