Transparency Market Research

Aerospace and Military Auxiliary Power Unit (APU) Market - Global Industry Trends and Forecast 2016 - 2024

Aerospace and Military Auxiliary Power Unit (APU) Market is expected to witness substantial growth in the near future, thanks to the rising number of air travel and technological advancements in this field.

 

Albany, NY -- (SBWIRE) -- 01/04/2018 -- Global Aerospace and Military Auxiliary Power Unit (APU) Market: Overview

The aerospace and military auxiliary power unit market worldwide is expected to grow at a healthy pace in the coming years. The development of fuel cell, E-APU, and gas turbine auxiliary power units is expected to bolster the global market. Additionally, the rising opportunities for aerospace and military APU in manufacturing advanced fuel cells are estimated to supplement substantially towards the growth of the market. The research study offers a detailed analysis of the global aerospace and military APU market and throws light on the key growth prospects and potential opportunities. In addition, a comprehensive view of the key segmentation and the competitive landscape have been given in order to offer a detailed study of the global market.

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Global Aerospace and Military Auxiliary Power Unit (APU) Market: Drivers and Restraints

The global aerospace and military APU market is expected to witness substantial growth in the near future, thanks to the rising number of air travel and technological advancements in this field. In addition, the increasing fuel economy and the high growth of electric aircrafts are projected to encourage the growth of the global market throughout the forecast period. The growing popularity of the green environment and the emergence of low sound auxiliary power units are predicted to generate promising opportunities for the key players operating in the global market.

On the flip side, the lack of enhanced and effective battery technologies and the cuts on defense budgets are some of the major reasons estimated to curtail the growth of the global aerospace and military APU market in the forecast period. In addition, the high voltage drops owing to the high frequency and the high cost of these units are projected to hamper the growth of the market.

Global Aerospace and Military Auxiliary Power Unit (APU) Market: Region-wise Outlook

Among the key geographical segments, North America and Europe are expected to lead the global aerospace and military APU market throughout the forecast period. These regions are likely to account for a massive share of the overall market, thanks to their high defense budgets. Furthermore, Asia Pacific, Latin America, and the Middle East segment are projected to witness significant growth in the next few years with the rising focus of government on enhancing their defense sector.

A significant rise in the terrorist's activities across the globe is another reason encouraging the growth of the overall aerospace and military auxiliary power unit market in the near future. Furthermore, with the rising focus on research and development activities and the substantial contribution from the U.S., Germany, Japan, China, Russia, and France are some of the other factors expected to encourage the growth of the global market.

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Key Players Mentioned in the Research Report are:

Some of the prominent players operating in the aerospace and military auxiliary power unit market across the globe are Falck Schmidt, Jenoptik AG, United Technologies Corporation, Kinetics Ltd., Honeywell International Inc., Microturbo, The Marvin Group, Dewey Electronics Corporation, and Hamilton Sundstrand. Among these, United Technologies Corporation and Honeywell International Inc. are expected to collectively hold a key share of the global aerospace and military APU market throughout the forecast period.