Lucintel Forecasts North America as Leading Aerospace APU Market During 2013-2020
Irving, TX, April 19, 2014 --(PR.com
)-- The global aerospace auxiliary power unit (APU)market is projected to witness moderate growth and reach $3.27 billion by 2020. The APU is crucial for aircraft as it supplies power during ground operations and helps start the engines. The North American aerospace APU market is expected to continue leading among the four global regions. In emerging economies such as China and India, the aerospace APU market is expected to grow with increasing number of aircraft entering service in those countries. Key emerging trends of the industry include the use of lower weight materials and low emission technology.
Lucintel, a leading global management consulting and market research firm, has conducted a competitive analysis on the aerospace APU market and presents its findings in “Global Aerospace APU Market 2013-2020: Trend, Profit, and Forecast Analysis.”.”Manufacturers have patented proprietary technology and manufacture custom products based on specifications provided by customers. A few large manufacturers hold the major market share in the highly consolidated market. Product differentiation is low in the aerospace market.
The report studies that as aircraft APUs are becoming more complex, availability of skilled and qualified engineers is challenging. Aviation schools are graduating fewer students from their programs. They are modernizing their facilities, however, to address the impending shortage of qualified technicians.
With increased air traffic, it is expected that aircraft deliveries will increase worldwide. According to Airbus, the world’s fleet of passenger aircraft will grow from 15,000 at the beginning of 2011 to nearly 31,500 by 2030. In the coming decade, various new aircraft programs such as A320neo, A350, C919, and Bombardier’s C Series are anticipated to drive the aerospace APU market.
There are several challenges in front of the aviation industry. Challenges include more unpredictable and increasing prices of liquid hydrocarbon fuels, greenhouse gas emission regulations, and stricter noise and air pollutant emission regulations. While bio-fuels cannot tackle all these issues, hydrogen-powered fuel cell auxiliary power units show near-term potential to decrease ground pollution and offer some economic opportunities.
For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056 or via email at firstname.lastname@example.org.
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