Market Size of Aircraft Auxiliary Power Unit Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.30 Billion |
| Market Size (2029) | USD 3.98 Billion |
| CAGR (2024 - 2029) | 3.79 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Auxiliary Power Unit (APU) Market Analysis
The Aircraft Auxiliary Power Unit Market size is estimated at USD 3.30 billion in 2024, and is expected to reach USD 3.98 billion by 2029, growing at a CAGR of 3.79% during the forecast period (2024-2029).
The COVID-19 pandemic adversely impacted the aircraft auxiliary power unit market. During the pandemic, the demand for new commercial and general aviation aircrafts declined due to a reduction in passenger travel globally. In addition, the supply chain restrictions for the transportation of key components required to manufacture auxiliary power units impacted the market. Nevertheless, the situation improved in 2021 with the increase in passenger traffic, as several airlines resumed taking aircraft deliveries and ordering new aircraft. The COVID-19 impact on military aircrafts deliveries was significant. Delays in production and delivery scedules occured, since 2022, aircraft manufacturers have empahised on covering backlog and fast deliveries of various military aircrafts. During 2022, Airbus and Boeing delivered 1,156 aircraft to global end users, wherein Airbus accounted for 676 aircraft deliveries while Boeing accounted for the rest.
The need to produce aircraft with high fuel efficiency, less noise, and carbon emissions may drive the research and development of APU technologies in the years to come. With more electric architecture in aircraft, the development of all-electric APUs increased over the years. The benefits of using these electric APUs may provide further growth opportunities for the market in the future.
