Transparency Market Research (TMR) releases a new publication, titled “Aerospace and Military Auxiliary Power Unit (APU) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.” The report analyzes demand drivers, growth trends, and technological advances that will impact the development of the aerospace and military auxiliary power unit (APU) market for the forecast period between 2016 and 2024. The impact of government policies coupled with social and economic factors have also been examined to present the analysis of the aerospace and military auxiliary power unit market.
The report provides a comprehensive assessment of the market throwing light on key growth prospects and growth trends. This is presented via in-depth qualitative and quantitative insights, past performance, and accurate market size projections. In addition, a detailed overview of key market segments and competitive landscape have been included that further adds to the report’s merit. The projections featured have been obtained using standard analytical tools and proven research methodologies.
The TMR report envisions the global market for aerospace and military auxiliary power unit to expand at a healthy rate in the upcoming years. Firstly, the development of fuel cell, gas turbine, and E-APU are anticipated to positively influence the market’s growth. Additionally, the growing demand for aerospace and military APU for the manufacture of advanced fuel cells is estimated to substantially aid this market’s growth.
Over the past decade, mounting volume of air traffic and technological advances in the aviation sector have also been key factors serving to boost the growth of this market. The demand for APU from commercial aviation segment surpasses that from the military segment. Furthermore, rising fuel economy and surging demand for electric aircrafts are anticipated to bode well for the growth aerospace and military auxiliary power unit market. Lastly, rising popularity of green environment and the development of quieter auxiliary power units are anticipated to present lucrative opportunities for vendors in the aerospace and military auxiliary power unit market.
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On the other hand, factors such as lack of effective and advanced battery technologies and defense budget cuts are holding back the growth of aerospace and military auxiliary power unit market. High voltage drops due to the high frequency and high price factor of these units are anticipated to further challenge the market’s growth.
Among the key regional markets, North America and Europe are likely to hold dominance in the global aerospace and military auxiliary power unit market over the report’s forecast period. These regions are anticipated to hold a massive share in the overall market mainly because of their high defense budgets. The regional markets of Latin America, Asia Pacific, and the Middle East and Africa are currently at a nascent stage; however, these regions are likely to account for substantial share in the overall market as governments in these regions are planning to up defense and warfare capabilities.
Cross-border insurgency and terrorist activities have also necessitated military and defense capabilities to be heightened to face adverse situations. Developed countries such as the U.S., China, Germany, Japan and France that are involved in research and development for technological advances and to launch state-of-the-art APU systems are likely to provide stupendous opportunities to companies in this market.
Leading players in the global aerospace and military auxiliary power unit market include Falck Schmidt, United Technologies Corporation, Honeywell International Inc., The Marvin Group, Hamilton Sundstrand, Jenoptik AG, Kinetics Ltd., Microturbo, and Dewey Electronics Corporation.