According to the recent study the aerospace APU market is projected to reach an estimated $4.9 billion by 2027 from $3.6 billion in 2021, at a CAGR of 4.2% from 2021 to 2027. Growth in this market is primarily driven by increasing aircraft deliveries and increasing installation of hydrogen powered fuel cell auxiliary power units.
Browse 25 figures / charts and 11 tables in this 61 -page report to understand trends, opportunities and forecast in aerospace APU market by aircraft type (commercial aircraft, regional aircraft, general aviation, helicopter and military aircraft) and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“General aviation market is expected to remain the largest segment during the forecast period.”
Based on aircraft type, the aerospace APU market is segmented into commercial aircraft, regional aircraft, general aviation, helicopter and military aircraft. Lucintel forecasts that the general aviation market is expected to remain the largest segment due to large number of aircraft deliveries.
“North America will dominate the aerospace APU market in near future”
North America is expected to remain the largest region during the forecast period due to growing aircraft deliveries, developed economies and mature market
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Major players of aerospace APU market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Raytheon Technologies, General Electric, Honeywell are among the major aerospace APU providers.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the aerospace APU market by aircraft type (commercial aircraft, regional aircraft, general aviation, helicopter and military aircraft) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the aerospace APU market?
Q.4 What are some changing demands of customers in the aerospace APU market?
Q.5 What are the new developments in the aerospace APU market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this aerospace APU area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this aerospace APU market?