Market Overview:
The global aircraft passenger service units market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for air travel, rising disposable income, and technological advancements in the aviation industry. In terms of type, the market is segmented into loud speakers, AC vents, automatically deployable oxygen masks, lighting system components, and others. The others segment includes galley equipment such as ovens and refrigerators. In terms of application, the market is segmented into wide body aircrafts, narrow body aircrafts (including regional jets), and very large aircrafts (VLA).
Product Definition:
Aircraft Passenger Service Units (APSU) are a type of unit used to measure the amount of service provided to passengers on an aircraft. APSUs are typically measured in terms of weight, such as kilograms or pounds, and can be used to calculate the total number of passengers an aircraft can carry. They are also used to calculate how much space is needed for seating and other amenities.
Loud Speakers:
Loud speakers are used in APSUs to provide audio entertainment to passengers. They are installed in all the modern aircraft and have been a part of every flight since the early 1960s. However, with technological advancements, there has been a significant increase in features offered by passenger entertainment systems.
The primary function of an APSU is to ensure that travelers are provided with comfortable seating during long flights.
AC Vents:
AC vents are used in APSUs to equalize pressure between the cabin and the aircraft. They are located at each side of the fuselage just below the flight deck window. Their main function is to protect passengers from being squashed by their own seat when an emergency occurs, such as a fire or landing gear problem.
The market for AC vents is expected to grow over forecast period owing to increasing passenger demand.
Application Insights:
The wide body aircraft application segment led the market and accounted for more than 54.0% share of the global revenue in 2017. The demand for APSU is expected to increase with the growing fleet of wide body aircraft, owing to their ability to offer a higher level of comfort and convenience to passengers at a lower cost as compared with narrow body aircraft. Furthermore, increasing utilization of premium class on account of its increased seating capacity will further boost product demand over the forecast period.
Narrowbody aircraft are typically cheaper than widebody counterparts due largely in part that they have fewer seats per cabin which results in reduced operational costs per passenger mile; however, this comes at a price reduction in terms both economic.
Regional Analysis:
North America dominated the global aircraft passenger service units market in 2016 and is expected to continue over the forecast period. The growth of this region can be attributed to various factors such as rise in air travel, technological advancements, and government regulations. For instance, according to a study published by National Research Council (NRC), around 40% of Americans have flown on an airplane at least once in their life.
Asia Pacific is expected witness lucrative growth over the next eight years owing to rising disposable income coupled with growing aviation sector across countries such as China and India.
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.4% from 2016 to 2036, according to the International Air Transport Association (IATA). This will result in an increase in the number of passengers requiring aircraft passenger service units.
- Growing fleet size: Airlines are investing heavily in new aircraft, which will require more aircraft passenger service units. For instance, Airbus has announced plans to deliver over 8,000 new planes by 2035.
- Rising disposable income: As incomes rise around the world, consumers are increasingly able to afford air travel and thus demand for aircraft passenger service units rises as well. In fact, IATA forecasts that global GDP will grow by 3% annually through 2020 – supporting growth in the aviation sector overall..
Scope Of The Report
Report Attributes
Report Details
Report Title
Aircraft Passenger Service Units Market Research Report
By Type
Loud Speakers, AC Vents, Automatically Deployable Oxygen Masks, Lighting System Components, Others
By Application
Wide Body Aircraft, Narrow Body Aircraft, Very Large Aircraft
By Companies
Rockwell Collins, Zodiac Aerospace, Astronics Corporation, Triumph Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
146
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Aircraft Passenger Service Units Market Report Segments:
The global Aircraft Passenger Service Units market is segmented on the basis of:
Types
Loud Speakers, AC Vents, Automatically Deployable Oxygen Masks, Lighting System Components, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Wide Body Aircraft, Narrow Body Aircraft, Very Large Aircraft
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Rockwell Collins
- Zodiac Aerospace
- Astronics Corporation
- Triumph Group
Highlights of The Aircraft Passenger Service Units Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Loud Speakers
- AC Vents
- Automatically Deployable Oxygen Masks
- Lighting System Components
- Others
- By Application:
- Wide Body Aircraft
- Narrow Body Aircraft
- Very Large Aircraft
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aircraft Passenger Service Units Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aircraft Passenger Service Units (APSUs) are a type of air carrier that specializes in providing passenger transportation for individuals and small groups. APSU flights typically operate on shorter routes, often within a single country, and offer lower fares than traditional airlines.
Some of the key players operating in the aircraft passenger service units market are Rockwell Collins, Zodiac Aerospace, Astronics Corporation, Triumph Group.
The aircraft passenger service units market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aircraft Passenger Service Units Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aircraft Passenger Service Units Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aircraft Passenger Service Units Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aircraft Passenger Service Units Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aircraft Passenger Service Units Market Size & Forecast, 2018-2028
4.5.1 Aircraft Passenger Service Units Market Size and Y-o-Y Growth
4.5.2 Aircraft Passenger Service Units Market Absolute $ Opportunity
Chapter 5 Global Aircraft Passenger Service Units Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aircraft Passenger Service Units Market Size Forecast by Type
5.2.1 Loud Speakers
5.2.2 AC Vents
5.2.3 Automatically Deployable Oxygen Masks
5.2.4 Lighting System Components
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aircraft Passenger Service Units Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aircraft Passenger Service Units Market Size Forecast by Applications
6.2.1 Wide Body Aircraft
6.2.2 Narrow Body Aircraft
6.2.3 Very Large Aircraft
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aircraft Passenger Service Units Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aircraft Passenger Service Units Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aircraft Passenger Service Units Analysis and Forecast
9.1 Introduction
9.2 North America Aircraft Passenger Service Units Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aircraft Passenger Service Units Market Size Forecast by Type
9.6.1 Loud Speakers
9.6.2 AC Vents
9.6.3 Automatically Deployable Oxygen Masks
9.6.4 Lighting System Components
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aircraft Passenger Service Units Market Size Forecast by Applications
9.10.1 Wide Body Aircraft
9.10.2 Narrow Body Aircraft
9.10.3 Very Large Aircraft
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aircraft Passenger Service Units Analysis and Forecast
10.1 Introduction
10.2 Europe Aircraft Passenger Service Units Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aircraft Passenger Service Units Market Size Forecast by Type
10.6.1 Loud Speakers
10.6.2 AC Vents
10.6.3 Automatically Deployable Oxygen Masks
10.6.4 Lighting System Components
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aircraft Passenger Service Units Market Size Forecast by Applications
10.10.1 Wide Body Aircraft
10.10.2 Narrow Body Aircraft
10.10.3 Very Large Aircraft
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aircraft Passenger Service Units Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aircraft Passenger Service Units Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aircraft Passenger Service Units Market Size Forecast by Type
11.6.1 Loud Speakers
11.6.2 AC Vents
11.6.3 Automatically Deployable Oxygen Masks
11.6.4 Lighting System Components
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aircraft Passenger Service Units Market Size Forecast by Applications
11.10.1 Wide Body Aircraft
11.10.2 Narrow Body Aircraft
11.10.3 Very Large Aircraft
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aircraft Passenger Service Units Analysis and Forecast
12.1 Introduction
12.2 Latin America Aircraft Passenger Service Units Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aircraft Passenger Service Units Market Size Forecast by Type
12.6.1 Loud Speakers
12.6.2 AC Vents
12.6.3 Automatically Deployable Oxygen Masks
12.6.4 Lighting System Components
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aircraft Passenger Service Units Market Size Forecast by Applications
12.10.1 Wide Body Aircraft
12.10.2 Narrow Body Aircraft
12.10.3 Very Large Aircraft
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aircraft Passenger Service Units Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aircraft Passenger Service Units Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aircraft Passenger Service Units Market Size Forecast by Type
13.6.1 Loud Speakers
13.6.2 AC Vents
13.6.3 Automatically Deployable Oxygen Masks
13.6.4 Lighting System Components
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aircraft Passenger Service Units Market Size Forecast by Applications
13.10.1 Wide Body Aircraft
13.10.2 Narrow Body Aircraft
13.10.3 Very Large Aircraft
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aircraft Passenger Service Units Market: Competitive Dashboard
14.2 Global Aircraft Passenger Service Units Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Rockwell Collins
14.3.2 Zodiac Aerospace
14.3.3 Astronics Corporation
14.3.4 Triumph Group
