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COVID-19 Impact Analysis On Digital MRO Market Share Research With Size, Share, Analysis, Trend By 2025

Global Aircraft APU market Key Players The key players in Aircraft APU market are AEGIS Power Systems, Inc. (U.S.), AEROSILA (Russia), Honeywell International Inc. (U.S.), Hamilton Sundstrand Corp (U.S.), Kinetics Ltd. (Israel), Technodinamika (Russia), Safran Power Units (France), Rolls-Royce plc. (England), United Technologies (U.S.), and United Technologies Corporation—Pratt & Whitney Division (U.S.). Global Aircraft APU market is estimated to witness a CAGR of 4% during the period of 2018 till 2023. Global Aircraft APU market Highlights In an aircraft, the APU can help as a back-up power generator under exceptionally rare circumstances where both engines fail. Aircraft APUs generally produce 115 V alternating current (AC) at 400 Hz for powering the electrical systems of the aircraft. APUs can deliver power through a single-phase or a three-phase system. On the basis of Aircraft type, the market can be segmented into fixed wing aircraft and wide body aircraft segments. Airbus has thoughtfully moved towards “more-electric” aircraft systems, and accordingly it replaced one of the three hydraulic systems in A380 with two electric systems. The “two-plus-two” systems architecture was then recurrent on the A350. This shift from hydraulic systems to electric systems by various aircraft companies will tend to increase the Aircraft APU market in the coming years. The usage of APU to crank up the aircraft engines has been extremely helpful, but the noise and vibration produced causes uneasiness to both the cabin as well as the cockpit members. To overcome this challenge, APU Original Equipment Manufacturers, in cooperation with aircraft manufacturers, have been carrying out significant research. This has led to the introduction of APU arrangement support systems on an aircraft. However, technological advancement is also a threat to this market is, as the move towards electric-powered flight, may make switching the APU with high-power battery systems possible within the next two decades. Airbus and Boeing have already started using batteries to start the APU, and the next step may very well be replacing the APU itself. Asia Pacific Aircraft APU market will witness strong growth due to increasing demand from commercial and military aircrafts. Growing population, along with high productivity attained in aviation industry. are the key factors for industry growth. Moreover, favorable government policies encouraging investment in military and civil aviation sector will further benefit the Aircraft APU market in the coming years. Latin American market, headed by Mexico, Brazil and Argentina, is likely to witness significant growth during the forecast period. Growing investments in the region and favorable trade policies will fuel the business growth in the region. Global Aircraft APU market Scope of the Report This study provides an overview of the Global Aircraft APU market , tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Aircraft APU market by its Aircraft Type, Platform, Product and Region. Access Report @ https://www.marketresearchfuture.com/reports/aircraft-auxiliary-power-unit-market-6002

Market Forecast

Global Digital MRO Market is projected to be valued at USD 4,700 Million by 2030, registering a CAGR of 14.60% from 2019 to 2030. The rising demand for new aircraft, driven by growth in air passenger traffic, has significantly contributed to the expansion of the digital MRO market. High competition in the market owing to the presence of several players is forcing service providers to focus on offering enhanced and customized services. Furthermore, increasing collaborations between the various industry players are expected to drive the growth of the market. For example, in October 2019, Airbus SAS and Delta Air Lines collaborated to develop predictive maintenance and health-monitoring solutions. However, the absence of common data standards and high costs of MRO software suites might hamper the growth of the market.

Market USP

Reduced AOG time

Growth Opportunities in the Market

3D printing segment expected to be fastest growing: The 3D printing segment is expected to register the highest CAGR during the forecast period of 2019 to 2030. The rising adoption of 3D printing technology by MRO providers is expected to drive the growth of the segment. For example, in 2018, Lufthansa Technik opened a 3D printing center in Germany to manufacture lightweight aircraft parts. The use of 3D printing offers various benefits such as reduced aircraft weight, low replacement costs, and customization. Therefore, the segment is expected to register the highest CAGR during the review period.

Parts replacement segment expected to register the highest CAGR: The growth of the parts replacement segment can be attributed to the adoption of 3D printing technology as it helps reduce aircraft weight, lower replacement costs, and offers customization. Furthermore, the high costs associated with new aircraft are expected to drive the growth of the segment.

MRO providers segment to be fastest-growing: The segment is expected to register the highest CAGR during the forecast period of 2019 to 2030. Collaborations between digital MRO providers and airlines are expected to drive the growth of the segment. For example, in July 2019, Croatia Airlines extended its maintenance contract with Lufthansa Technik.

Key Players

Boeing (US)

IBM (US)

HCL Technologies (India)

SAP SE (Germany)

Ramco Systems (India)

Oracle (US)

IFS AB (Sweden)

Traxxall Technologies (Canada)

Honeywell International, Inc. (US)

General Electric (US)

Other Prominent Players

IBS Software (US)

Lufthansa Technik (Germany)

Rusada (US)

Collins Aerospace (US)

Airbus SAS (Netherlands)

Swiss AviationSoftware Ltd (Switzerland)

Ansys, Inc. (US)

WinAir (Canada)

Microsoft Corporation (US)

ATR (France)

Capgemini (France)

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/digital-mro-market-8603

 

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