More Electric Aircraft Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Report Code: ZMR-4275 | Report Format : | Status : Upcoming |

Abstract

Global More Electric Aircraft Market: Overview

The product is the next-gen airplane that is fitted with electrical systems to reduce the non-propulsive power systems including pneumatic, mechanical, and hydraulic systems. In fact, more electric aircraft is a low weight airplane with less fuel usage and reduced emissions. This results in lowered ownership costs and enhances dependability. Due to low mass, the product is the best alternative for the aircraft manufacturers and hence has gained massive popularity across the aviation & aerospace sector.

Global More Electric Aircraft Market: Growth Factors

Need for reducing operational as well as maintenance costs to a large extent in aircraft will boost the more electric aircraft market trends. Apart from this, a massive requirement for fuel conserving, lightweight, and durable airplane coupled with the necessity of minimizing maintenance & operating expenditure will vitalize the growth of the business over the years to come.  Additionally, the growing inclination among the mammoth aircraft manufacturers to reduce dependence on traditional aircraft parts as a result of its high prices is touted to further elevate the industry expansion.

Furthermore, strict laws governing GHG emissions along with the need for raising the number of air flights as a result of thriving tourism activities is likely to add significantly towards the industry size during the estimated timeline. Nonetheless, concerns raised over the electric motor stability at heights along with a huge generation of heat may curtail market demand. However, the industry participants are trying to build strong mechanisms and core technologies to overcome these loopholes of the electric systems, thereby further propelling the market progress.

Global More Electric Aircraft Market: Segmentation

The more electric aircraft market can be sectored into platform, system, and application. Based on the platform, the industry can be divided into fixed wing and rotary wing. On the basis of the system, the more electric aircraft market can be segregated into power electronics, energy storage equipment, thermal management system, and safety system & advanced material. Application wise, the more electric aircraft industry is classified into power distribution, flight control & operations, passenger comfort, and air pressurization & conditioning.

Global More Electric Aircraft Market: Regional Analysis

Region wise, the more electric aircraft market can be divided into five main regions: Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. More electric aircraft market in Europe is projected to witness a humungous surge due to the enforcement of strict laws addressing the need for curbing fuel emissions from aircraft. In addition to this, favorable schemes supporting product adoption are likely to expedite the business space over the next decade.

North American region is prophesied to make remarkable contributions toward overall more electric aircraft market revenue, subject to large scale presence of aircraft producers in the countries such as the U.S. and Canada. Allocation of more funds for the defense activities in the region will further create demand for more electric fighter aircraft, thereby unveiling new growth facets for the more electric aircraft sector in North America.

Global More Electric Aircraft Market: Competitive Players

Some of the major participants in more electric aircraft market are Raytheon Company, Boeing, Zodiac Aerospace, Airbus S.A.S, Lockheed Martin, United Technologies Corporation, Honeywell International Inc., Thales Group, Safran SA, TTTech Computertechnik AG, Bombardier, United Technologies Corporation, and Thales Group.

Global More Electric Aircraft Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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