Aircraft Power Transfer Unit Market is segmented by Type (Types of Power Transfer Unit ), Application (Application of Power Transfer Unit ), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Market Definition / Research Scope
In aircraft, a power transfer unit is a device that moves hydraulic-driven force from one of an aircraft water-powered system to another in the function that the second system has fizzled or turned off. The power transfer unit moves the hydraulic power system from the right hydraulic system to one side or the left hydraulic system. A power transfer unit comprises a hydraulic engine combined with a hydraulic pump and through a shaft. As the association is purely mechanical, there is no intermixing of hydraulic fluid between the left hydraulic system and the right hydraulic system during the said activity.
Aircraft Power Transfer Unit Market shall reach a value of $2x61.4 Million in 2032, growing with a CAGR of 12.13% during the forecast period of 2022 to 2032.
Aircraft Power Transfer Unit Market Growth and Trends
Compared to earlier models, aircraft power transfer units have achieved significant weight reductions, reduced inspection complexity, increased installation ease, and lessened maintenance needs. A hydraulic system is not a new technology in the airplane industry. Newer systems are being developed as the aircraft industry evolves. Aircraft Power Transfer Units (APTUs) were developed to meet the demands of todays aircraft industry. With an aircraft Power Transfer Unit, components operate more efficiently. As a result, landing gear, flap, brakes, and flight control surfaces are easier to operate. Power transfer units for aircraft are characterized by their complexity based on their size. The hydraulic fluid needed for brakes on smaller aircraft is only for the wheels. On the other hand, complexities in power transfer units increase with larger size commercial aircraft. The aircraft power transfer unit market is growing at a significant CAGR owing to its high reliability, lower cooling cost, high power to weight ratio, and load handling efficiency.
The growth of the global aircraft power transfer unit market is primarily driven by an increase in air travel and a surge in aircraft deliveries. China, Mexico, Brazil, and India are among the countries that are expected to increase their demand for aircraft and this is expected to benefit the global aircraft power transfer unit market. Additionally, global market demand will benefit from attractive investments in aircraft hydraulic systems by developed countries in order to investigate their reliability, load handling capabilities, and power-to-weight ratios. The global aircraft hydraulic system market may be constrained by fluctuations in the aviation industry. Additionally, there may also be a slowdown in the growth of the worldwide aircraft power transfer unit market due to global economic uncertainty. In addition, factors such as high maintenance costs and system weight result in increased usage of electric systems, which are expected to pose a growth constraint for the market.
Aircraft Power Transfer Unit Industry Segmentation
The market can be segmented on the basis of the component type, as follows: reservoir, pumps, filters, valves, actuators, hydraulic fluid, accumulators, pipes & connectors. Increasing manufacturing activities in the aerospace sector is one of the key factors to augment the market revenue at a fast pace in the coming five years. The segment is expected to grow as a result of an anticipated increase in the use of pumps in new aircraft. This will be a result of reducing the overall weight of an aircraft by using pumps. The fact that pumps deliver high pressure through thin pipelines is another factor expected to drive market growth during the forecast period.
Aircraft Power Transfer Unit Industry Regional Analysis
The aircraft power transfer unit market is presumed to advance at a rapid pace globally in the aerospace industry, with increasing commercial aircraft deliveries. The growing demands for GTF engines and increasing passenger air traffic in North America have propelled the aircraft power transfer unit market exponentially. Asia Pacific region is expected to grow in the market with its augmented and advanced technology in producing gearboxes and prominently due to the introduction of light-weight gearboxes. Europe is projected to grow at a rapid pace with upcoming aircraft programs and increased fleet size. The Middle East and Africa tend to grow their market size distinctly, being an early go-getter in the aerospace industry concerning material adoption.
Aircraft Power Transfer Unit Market Share and Competition
Over the forecast period, developing economies such as China, India, and Japan are expected to make a profitable business in the aircraft power transfer unit industry. With the increasing investment of the defense sector in the North American domestic aircraft industrys development in terms of transport, small jets, and patrol aircraft, manufacturers are seeing endless opportunities in coming years. A recent contract worth $9.2 billion was awarded by the U.S. air force to Boeing, which is a prominent aviation company, for the next fleet of training jets. By 2032, the service plans to acquire 351 jets with full operational capability.
Throughout the forecast period, the Asia-Pacific aircraft power transfer system market is projected to account for more than half of the market share of the global market due to economic growth, ongoing developments, and increasing demand for new aircraft. As a result of meaningful economic recovery, the European aircraft power transfer system market is anticipated to record stable growth between 2022 and 2032 and record strong growth between 2022 and 2032. Additionally, Latin America along with the Middle East & Africa are expected to augment the overall market revenue in the years to come.
Parker Hannifin Corporation, United Technologies Corporation, Safran S.A., Liebherr-International AG, Woodward Inc., Eaton Corporation PLC, Triumph Group Inc., Moog Inc., and Arkwin Industries Inc are the top leading companies investing significantly in the aircraft power transfer unit market.
Aircraft Power Transfer Unit Market Research Report Analysis Highlights
● Historical data available (as per request)
● Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
● Data breakdown for every market segment (2022 – 2032)
● Gross margin and profitability analysis of companies
● Price analysis of each product type
● Business trend and expansion analysis
● Import and export analysis
● Competition analysis/market share
● Supply chain analysis
● Client list and case studies
● Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2032)
● Open Center
● Closed Center
Component Analysis (Revenue, USD Million, 2022 - 2032)
● Hydraulic Fluid
Platform Analysis (Revenue, USD Million, 2022 - 2032)
Region Analysis (Revenue, USD Million, 2022 - 2032)
● United States
● United Kingdom
● South Korea
● Middle East
● Rest of World
Aircraft Power Transfer Unit Industry Companies
● Parker Hannifin Corporation
● United Technologies Corporation
● Safran S.A.
● Liebherr-International AG
● Woodward Inc.
● Eaton Corporation PLC
● Triumph Group Inc.
● Moog Inc.
● Arkwin Industries Inc.
Available Versions: -
United States Aircraft Power Transfer Unit Market Research Report
Europe Aircraft Power Transfer Unit Market Research Report
Asia Pacific Aircraft Power Transfer Unit Market Research Report
India Aircraft Power Transfer Unit Market Research Report
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