Aircraft PSU Market is Forecasted to Reach US$ 356 Million in 2027, Says Stratview Research

Stratview Research, a global market research firm, has launched a report on the global aircraft PSU market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

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Market Statistics:

Market Size in 2021: US$ 141.36 million

Market Size in 2027: US$ 356 million

Growth (CAGR): 13% during 2022-2027

Cumulative Sales Opportunity 2022 to 2027: US$ 1.49 billion

Leading End-User Type: OE

Leading Aircraft Type: Narrow-Body Aircraft

Leading Sales Channel Type: SFE

Leading Region: North America

Forecast Period: 2022-2027

Trend Period: 2016-2020

Base Year: 2021

Number of Segments Covered: 5

Number of Tables & Graphs: 100+

Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the Aircraft PSU Market:

The global aircraft PSU market is segmented based on aircraft type, end-user type, sales channel type, component type, and region.

Based on aircraft type –

·        The market is segmented into narrow-body aircraft, wide-body aircraft, and regional aircraft. 

·        Narrow-body aircraft is expected to remain the biggest demand generator for PSUs during the forecast period in the wake of an expected increase in the production rate of key aircraft programs, rebounding aftermarket, and development of passenger-friendly cabin environments.

Based on end-user type –

·        The aircraft PSU market is segmented as OE and aftermarket. 

·        OE is expected to lead the market during the forecast period, owing to increasing production rates of key aircraft programs (B737, A320 family, etc.) and the entry of new players (COMAC and Irkut). Aftermarket, securing a reasonable market share, is likely to generate a plethora of growth opportunities in the near future.

·        Airlines either postponed or canceled their aircraft refurbishments in the year 2022 for the year 2023. This trend was visible at both OE as well as aftermarket levels. Increasing air passenger traffic is likely to rejuvenate the withered demand in the near future at the aftermarket level.

Based on sales channel type –

·        The market is segmented as BFE (buyer-furnished equipment) and SFE (supplier-furnished equipment). 

·        SFE is expected to be the dominant as well as the fastest-growing sales channel type in the coming years. The ratio of SFE to BFE differs from company to company. Also, some players have a high focus on one channel type. For instance, Collins Aerospace has a major presence in SFE, whereas Diehl Aviation is one of the major players in BFE.

To know the most attractive segments, click here for a free sample of the report:

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Which region shows the most promising growth forecast and opportunity?

The analysis suggests that North America is expected to remain the largest market during the forecast period. This growth outlook is mainly attributed to the following:

-      The presence of major aircraft manufacturers, tier players, distributors, and raw material suppliers, primarily drives the demand for PSUs in the region.

-      The USA being the dominant market in the region will continue to drive the market expansion in the region.

Likewise, Asia-Pacific is likely to experience the highest market growth in the next five years, owing to the development of commercial and regional aircraft (CMAC's C919), the presence of the largest fleet of commercial aircraft, and assembly plants of Boeing and Airbus in China.

Aircraft PSU Market Drivers:

Some of the key drivers listed in the report are given below.

-      Upcoming aircraft programs.

-      Expected recovery in the production rate of key aircraft programs.

-      Rising demand for sleeker and elegant PSUs.

Competitive Landscape: Top Companies in the Aircraft PSU Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. Stratview Research has identified the following companies as the top market players:

-         Collins Aerospace

-        Safran S.A.

-        Astronics Corporation

-        Diehl Stiftung & Co. KG

-        Luminator Aerospace.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the aircraft PSU market, answering critical questions like

-      How big is the sales opportunity?

-      Which regions offer the best sales opportunities?

-      Which are the most attractive market segments?

-      Which are the top players and their market positioning?

-      How complex is the business environment?

-      What are the factors affecting the market?

For Customization or Any Other Queries, get in Touch with our industry experts at sales@stratviewresearch.com

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About us –

Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to make convincing business decisions.

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