According to the Universal Data Solutions analysis, growing investments in Aircraft Auxiliary Power Unit for improving flight safety, the sector will surge in demand for the Global Aircraft Auxiliary Power Unit market, which will drive the global scenario of the Global Aircraft Auxiliary Power Unit report; the global market was valued at USD 3560 million in 2023, growing at a CAGR of 3.44% during the forecast period from 2024 - 2032 to reach USD million by 2032.
Aircraft Auxiliary power units are conducive to increasing the range of aircraft in case of engine failure. These backup systems offer a second line of power after any engine power outage and help the aircraft maintain its operations. These battery systems are usually on standby and are charged with the help of power generated by the aircraft’s engines. The aircraft auxiliary power unit provides hydraulic power, pneumatic power supply, and electrical power supply assisting the aircraft to fly.
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Aircraft Auxiliary Power Unit Market Overview in North America:
North America’s auxiliary power unit has held a major market share due to the presence of a high number of commercial and military aircraft production units. Additionally, the region is also home to a sizeable number of large buyers for aircraft as leading logistics providers, commercial aviation providers, and air forces in leading countries such as the US, Canada, and Mexico. As the region is also one of the leading exporters of aircraft of both commercial and military categories the demand for new-age aircraft has been observed further strengthening the demand for aircraft and instigating the demand for aircraft auxiliary power units in the OEM category. Additionally, the region has experienced many leading shifts as follows:
In 2022, UPS announced to purchase of 8 more Boeing 767 Freighters to expand its carrier fleet to 108 aircraft. According to Boeing the delivery of these aircraft will start from the year 2025.
In another instance, in 2024, Air Canada announced its purchase of 8 Boeing 737Max aircraft which are scheduled to be delivered by 2025. The deal is in line with the company’s plans to expand its fleet size to accommodate the growing demand for air travel across the globe.
Growing Demand and Industry Trends:
The demand for military aircraft across the globe has significantly improved in recent years owing to the emerging geopolitical tensions. Various new instances such as the Russia-Ukraine Conflict, Israel-Iran conflict, China-Taiwan conflict, etc. have emboldened the demand for military aircraft both fixed wing and rotary wing to improve the air superiority among the leading countries. In line with this many of the leading air forces across the globe have announced their plans to purchase new next-generation aircraft to improve their air fire power.
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For instance, in 2024, the Israeli Ministry of Defense signed an agreement with the US to purchase a third squadron of F35 aircraft. The deal costs around USD 3 billion and the delivery of the jets will start from the year 2028.
In another instance, in 2024, Turkey signed an agreement with the US to purchase F16 jets with a total cost of USD 23 billion. Under the deal, Turkey will receive 40 new F16 jets as well as an upgrade of 79 of the existing F16 jets in its operational fleet.
Considering the rising demand for military jets across the globe in large numbers the demand for aircraft auxiliary power units would also receive a rapid growth during 2024-2032.
Future Prospects and Opportunities:
Retrofit and Refurbishment across the globe have also grown extensively with the large fleet availability. As the average age of aircraft outlives the avionics the demand for auxiliary power units also comes for aircraft retrofit. This is also seen on the higher side due to high usage and wear and tear of the avionics and other power units due to commercial applications. According to Airbus, in 2023, there were 23,369 aircraft fleet across the globe which comprised 14,999 registered in the US, followed by Europe, Asia Pacific, and other regions. Additionally, the average age of commercial aircraft is 25 years which clearly outlives the age of avionics and other aircraft fitments such as Aircraft Auxiliary Power Unit.
Considering the factors the demand for Aircraft Auxiliary Power Unit market would exhibit growth during 2024-2032.
Conclusion:
In conclusion, North America's Aircraft Auxiliary Power Unit market reflects a dynamic and evolving landscape supported by government investment, industry collaboration, and technological innovation. As the region continues strengthening its aviation industry and its effectiveness through investment increases, regulatory frameworks, and strategic partnerships, it is well-positioned to navigate challenges and capitalize on emerging opportunities in the aircraft manufacturing industry.
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