Aircraft Auxiliary Power Unit Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.28 Billion |
| Market Size (2029) | USD 3.87 Billion |
| CAGR (2024 - 2029) | 3.38 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Auxiliary Power Unit Market Analysis
The Aircraft Auxiliary Power Unit Market size is estimated at USD 3.28 billion in 2024, and is expected to reach USD 3.87 billion by 2029, growing at a CAGR of 3.38% during the forecast period (2024-2029).
The aircraft auxiliary power unit (APU) market is driven by the demand for aircraft that boast high fuel efficiency, reduced noise levels, and lower carbon emissions. With aircraft increasingly adopting electric architecture, the trend toward all-electric APUs has gained momentum. The advantages of these electric APUs not only promise growth but also underscore their significance. Heightened environmental awareness is amplifying the need for eco-friendly and efficient APUs. This resonates with the global push for sustainable aviation, highlighting the pivotal role of aircraft APUs in shaping the future of air travel. Key market drivers include superior fuel efficiency, advancements in electric propulsion, and increased investments from industry stakeholders.
However, challenges like high development costs and insufficient airport infrastructure are hurdles to market expansion. Deeper collaboration between industry players and regulators is required to foster a favorable environment for APU demand. Furthermore, as APUs find new applications in urban air transit and defense, they open lucrative avenues for market players.
Aircraft Auxiliary Power Unit Market Trends
The Commercial Aviation Segment Holds the Largest Share of the Market
In recent years, the global commercial aviation sector has experienced a surge in air traffic, driven by factors such as a rise in airport construction projects, an uptick in global tourism, and an increase in disposable incomes. This surge in air passengers has, in turn, spurred the demand for new aircraft, fueling the need for APUs. The International Air Transport Association (IATA) reported a significant uptick in air traffic post-pandemic, with global passenger traffic rebounding to 95.6% of pre-pandemic levels by July 2023. Notably, total passenger traffic saw a 26.2% annual increase in the same month.
As air passenger traffic surged, airlines resumed operations on major routes and introduced new ones. For instance, in March 2024, United Airlines marked its largest transatlantic expansion by launching new routes. Within the aircraft APU market, the commercial segment currently holds the lion's share. This dominance is underpinned by technological strides in APUs, leading to improved fuel efficiency, reduced emissions, and quieter operations. A growing emphasis on passenger comfort and safety further propels APU demand.
Airlines, cognizant of the pivotal role APUs play in enhancing passenger experiences, are significantly increasing their investments. In May 2023, Honeywell secured a deal with Malaysian start-up MYAirline, providing 131-9A APUs for their fleet of 22 Airbus A320s. Similarly, in July 2022, Whitney & Pratt Canada inked an eight-year maintenance and fleet enhancement pact with Turkish Airlines, covering 82 APS3200 APUs on their Airbus A320 fleet. These collaborations underscore the commercial segment's promising growth trajectory over the forecast period.
Asia-Pacific is Expected to Hold the Largest Market Share During the Forecast Period
The surge in passenger traffic, particularly in major Asian countries like China, India, and Japan, is fueling the demand for new aircraft orders among regional airlines. This, in turn, is set to propel the aircraft APU market in the Asia-Pacific region. Notably, Asian nations are channeling significant investments into modernizing their aviation fleets. For instance, in April 2024, China Southern, the country's largest domestic carrier with a robust international presence, announced its purchase of 100 locally manufactured C919 planes.
Underscoring the region's recovery, in July 2022, Airbus inked deals with major Chinese carriers—Air China, China Eastern, China Southern, and Shenzhen Airlines—for a combined order of 292 A320 family aircraft. Such substantial aircraft orders are poised to significantly boost the demand for APUs, translating into a notable growth trajectory for the market.
In military aviation, the uptick in defense spending, particularly for overhauling aging aircraft fleets, is anticipated to drive military aircraft procurement, further amplifying the need for APUs. India is also actively enhancing its military capabilities. These factors are expected to boost the growth of the APU market in the Asia-Pacific region.
Aircraft Auxiliary Power Unit Industry Overview
The aircraft APU market is consolidated, with few players holding a major market share. Honeywell International Inc., JSC NPP Aerosila, Pratt and Whitney (RTX Corporation), PBS Group a.s., and Safran SA are some of the major players in the market.
In the commercial aviation segment, Pratt & Whitney and Honeywell hold a majority share with their well-established demand for aircraft auxiliary power units from Airbus and Boeing. The military aviation sector is expected to open new opportunities for aircraft auxiliary power unit manufacturers and increase competition in the market. Utilizing new technologies, such as electric APUs, and working in this regard so that they may get ready to cater to the next-generation aircraft with more electric architecture may increase the competitive rivalry in the aircraft auxiliary power unit market during the forecast period.
February 2024: STMicroelectronics, one of the global semiconductor leaders serving customers across the spectrum of electronics applications, and Mobile Physics, a software development start-up specializing in environmental physics, revealed a partnership that enables smartphones and other devices to measure household and ambient air quality with a built-in optical sensor.
Aircraft Auxiliary Power Unit Market Leaders
Honeywell International Inc.
PBS Group, a. s.
JSC NPP Aerosila
Pratt & Whitney (RTX Corporation)
Safran SA
*Disclaimer: Major Players sorted in no particular order
Aircraft Auxiliary Power Unit Market News
- September 2023: Honeywell inked a decade-long agreement with Air China's Aircraft Maintenance & Engineering Corporation (AMECO), granting AMECO a global license to provide APU maintenance services. Under this deal, AMECO will receive technical and material support from Honeywell, specifically for the 331-500 APU, as it services international and domestic third-party customers.
- January 2023: Lufthansa Technik AG and Air France SA sealed a long-term pact. The deal focuses on providing technical support for APUs in Air France's entire fleet of Airbus A350 aircraft. Lufthansa Technik will spearhead substantial MRO services for Honeywell's HGT1700 APUs at its Hamburg facility, with the agreement extending until 2029.
Aircraft Auxiliary Power Unit (APU) Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Platform
5.1.1 Commercial
5.1.1.1 Narrow-body Aircraft
5.1.1.2 Wide-body Aircraft
5.1.1.3 Regional Jet
5.1.2 Military
5.1.2.1 Combat
5.1.2.2 Special Mission
5.1.2.3 Transport/Tanker
5.1.2.4 Trainer Aircraft
5.1.2.5 Unmanned Aerial Vehicles (UAVs)
5.1.3 General Aviation
5.1.3.1 Light Aircraft
5.1.3.2 Business Jets
5.1.3.3 Helicopters
5.2 By Aircraft Type
5.2.1 Fixed-Wing
5.2.2 Rotary-Wing
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 France
5.3.2.3 Germany
5.3.2.4 Russia
5.3.2.5 Italy
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Japan
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 Rest of Latin America
5.3.5 Middle East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Egypt
5.3.5.4 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Honeywell International Inc.
6.2.2 JSC NPP Aerosila
6.2.3 Pratt & Whitney (RTX Corporation)
6.2.4 Safran SA
6.2.5 Technodinamika (Rostec)
6.2.6 PBS Group, a. s.
6.2.7 Motor Sich JSC
6.2.8 AEGIS Power Systems Inc.
6.2.9 Rolls-Royce plc
6.2.10 Eaton Corporation plc
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Aircraft Auxiliary Power Unit Industry Segmentation
The auxiliary power unit (APU) provides electrical and mechanical power for the effective functioning of the aircraft systems, except for its main propulsion system.
The APU market is segmented by platform, aircraft type, and geography. By platform, the market is segmented into commercial aviation, military aviation, and general aviation. By aircraft type, the market is divided into fixed-wing and rotary-wing. The report also covers the market sizes and forecasts in major countries across different regions. For each segment, the market size is provided in terms of value (USD).
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Aircraft Auxiliary Power Unit (APU) Market Research FAQs
How big is the Aircraft Auxiliary Power Unit Market?
The Aircraft Auxiliary Power Unit Market size is expected to reach USD 3.28 billion in 2024 and grow at a CAGR of 3.38% to reach USD 3.87 billion by 2029.
What is the current Aircraft Auxiliary Power Unit Market size?
In 2024, the Aircraft Auxiliary Power Unit Market size is expected to reach USD 3.28 billion.
Who are the key players in Aircraft Auxiliary Power Unit Market?
Honeywell International Inc., PBS Group, a. s., JSC NPP Aerosila, Pratt & Whitney (RTX Corporation) and Safran SA are the major companies operating in the Aircraft Auxiliary Power Unit Market.
Which is the fastest growing region in Aircraft Auxiliary Power Unit Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aircraft Auxiliary Power Unit Market?
In 2024, the Asia Pacific accounts for the largest market share in Aircraft Auxiliary Power Unit Market.
What years does this Aircraft Auxiliary Power Unit Market cover, and what was the market size in 2023?
In 2023, the Aircraft Auxiliary Power Unit Market size was estimated at USD 3.17 billion. The report covers the Aircraft Auxiliary Power Unit Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aircraft Auxiliary Power Unit Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aircraft APU Industry Report
Statistics for the 2024 Aircraft APU market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aircraft APU analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
