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More Electric Aircraft Market - Global Industry Analysis

More Electric Aircraft Market - by Platform (Fixed Wing, Rotary Wing) System (Power Electronics, Energy Storage Equipment, Thermal Management System) Application (Power Distribution, Flight Control & Operations, Passenger Comfort, Air Pressurization & Conditioning): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 07-Oct-2020 Category: Defense & Security Report Format : PDF Pages: 110 Report Code: ZMR-4275 Status : Published

The more electric aircraft market is set for a rapid growth over the forecast period. In terms of revenue, the global more electric aircraft market accounted for USD 9,441.46 Million in 2019 and is expected to Reach USD 15,663.84 Million by 2026, growing at a CAGR of around 7.5%.

Description

The more electric aircraft market is set for a rapid growth over the forecast period. In terms of revenue, the global more electric aircraft market accounted for USD 9,441.46 Million in 2019 and is expected to Reach USD 15,663.84 Million by 2026, growing at a CAGR of around 7.5%.

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.

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.

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.

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.

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.

More Electric Aircraft Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global More Electric Aircraft Market, 2016 – 2019 (USD Million)
    • 3.2.Global More Electric Aircraft Market: Snapshot
  • Chapter 4.More Electric Aircraft Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for More Electric Aircraft
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technology Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global More Electric Aircraft Market Attractiveness, By Platform
    • 5.2.Global More Electric Aircraft Market Attractiveness, By System
    • 5.3.Global More Electric Aircraft Market Attractiveness, By Application
    • 5.4.Global More Electric Aircraft Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global More Electric Aircraft Market: Company Market Share, 2019
    • 6.2.Strategic Developments
  • Chapter 7.More Electric Aircraft Market – Platform Segment Analysis
    • 7.1.Global More Electric Aircraft Market Overview: by Platform
      • 7.1.1.Global More Electric Aircraft Market Revenue Share, by Platform, 2019 & 2026
    • 7.2.Global More Electric Aircraft Market Analysis/Overview – By Platform
      • 7.2.1.Fixed Wing – Overview/Analysis
      • 7.2.2.Rotary Wing – Overview/Analysis
    • 7.3.Fixed Wing
      • 7.3.1.Global More Electric Aircraft Market for Fixed Wing, Revenue (USD Million) 2016 - 2019
    • 7.4.Rotary Wing
      • 7.4.1.Global More Electric Aircraft Market for Rotary Wing, Revenue (USD Million) 2016 - 2019
  • Chapter 8.More Electric Aircraft Market – System Segment Analysis
    • 8.1.Global More Electric Aircraft Market Overview: by System
      • 8.1.1.Global More Electric Aircraft Market Revenue Share, by System, 2019 & 2026
    • 8.2.Global More Electric Aircraft Market Analysis/Overview – By System
      • 8.2.1.Power Electronics – Overview/Analysis
      • 8.2.2.Energy Storage Equipment – Overview/Analysis
      • 8.2.3.Thermal Management System – Overview/Analysis
    • 8.3.Power Electronics
      • 8.3.1.Global More Electric Aircraft Market for Power Electronics, Revenue (USD Million) 2016 - 2019
    • 8.4.Energy Storage Equipment
      • 8.4.1.Global More Electric Aircraft Market for Energy Storage Equipment, Revenue (USD Million) 2016 - 2019
    • 8.5.Thermal Management System
      • 8.5.1.Global More Electric Aircraft Market for Thermal Management System, Revenue (USD Million) 2016 - 2019
  • Chapter 9.More Electric Aircraft Market – Application Segment Analysis
    • 9.1.Global More Electric Aircraft Market Overview: by Application
      • 9.1.1.Global More Electric Aircraft Market Revenue Share, by Application, 2019 & 2026
    • 9.2.Global More Electric Aircraft Market Analysis/Overview – By Application
      • 9.2.1.Power Distribution – Overview/Analysis
      • 9.2.2.Flight Contrul & Operations – Overview/Analysis
      • 9.2.3.Passenger Comfort – Overview/Analysis
      • 9.2.4.Air Pressurization & Conditioning – Overview/Analysis
    • 9.3.Power Distribution
      • 9.3.1.Global More Electric Aircraft Market for Power Distribution, Revenue (USD Million) 2016 - 2019
    • 9.4.Flight Contrul & Operations
      • 9.4.1.Global More Electric Aircraft Market for Flight Contrul & Operations, Revenue (USD Million) 2016 - 2019
    • 9.5.Passenger Comfort
      • 9.5.1.Global More Electric Aircraft Market for Passenger Comfort, Revenue (USD Million) 2016 - 2019
    • 9.6.Air Pressurization & Conditioning
      • 9.6.1.Global More Electric Aircraft Market for Air Pressurization & Conditioning, Revenue (USD Million) 2016 - 2019
  • Chapter 10.More Electric Aircraft Market – Regional Analysis
    • 10.1.Global More Electric Aircraft Market: Regional Overview
      • 10.1.1.Global More Electric Aircraft Market Revenue Share, by Region, 2019 & 2026
      • 10.1.2.Global More Electric Aircraft Market Revenue, by Region, 2016 – 2019 (USD Million)
    • 10.2.North America
      • 10.2.1.North America More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
      • 10.2.2.North America More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
      • 10.2.3.North America More Electric Aircraft Market Revenue, by Platform, 2016 – 2019
      • 10.2.4.North America More Electric Aircraft Market Revenue, by System, 2016 – 2019
      • 10.2.5.North America More Electric Aircraft Market Revenue, by Application, 2016 – 2019
      • 10.2.6. U.S.
      • 10.2.7.Canada
      • 10.2.8.Mexico
    • 10.3.Europe
      • 10.3.1.Europe More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
      • 10.3.2.Europe More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
      • 10.3.3.Europe More Electric Aircraft Market Revenue, by Platform, 2016 – 2019
      • 10.3.4.Europe More Electric Aircraft Market Revenue, by System, 2016 – 2019
      • 10.3.5.Europe More Electric Aircraft Market Revenue, by Application, 2016 – 2019
      • 10.3.6.Germany
      • 10.3.7.France
      • 10.3.8. U.K.
      • 10.3.9.Italy
      • 10.3.10.Spain
      • 10.3.11.Rest of Europe
    • 10.4.Asia Pacific
      • 10.4.1.Asia Pacific More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
      • 10.4.2.Asia Pacific More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
      • 10.4.3.Asia Pacific More Electric Aircraft Market Revenue, by Platform, 2016 – 2019
      • 10.4.4.Asia Pacific More Electric Aircraft Market Revenue, by System, 2016 – 2019
      • 10.4.5.Asia Pacific More Electric Aircraft Market Revenue, by Application, 2016 – 2019
      • 10.4.6.China
      • 10.4.7.Japan
      • 10.4.8.India
      • 10.4.9.South Korea
      • 10.4.10.Rest of Asia Pacific
    • 10.5.Latin America
      • 10.5.1.Latin America More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
      • 10.5.2.Latin America More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
      • 10.5.3.Latin America More Electric Aircraft Market Revenue, by Platform, 2016 – 2019
      • 10.5.4.Latin America More Electric Aircraft Market Revenue, by System, 2016 – 2019
      • 10.5.5.Latin America More Electric Aircraft Market Revenue, by Application, 2016 – 2019
      • 10.5.6.Brazil
      • 10.5.7.Rest of Latin America
    • 10.6.The Middle-East and Africa
      • 10.6.1.The Middle-East and Africa More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
      • 10.6.2.The Middle-East and Africa More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
      • 10.6.3.The Middle-East and Africa More Electric Aircraft Market Revenue, by Platform, 2016 – 2019
      • 10.6.4.The Middle-East and Africa More Electric Aircraft Market Revenue, by System, 2016 – 2019
      • 10.6.5.The Middle-East and Africa More Electric Aircraft Market Revenue, by Application, 2016 – 2019
      • 10.6.6.GCC Countries
      • 10.6.7.South Africa
      • 10.6.8.Rest of Middle-East Africa
  • Chapter 11.Company Profiles
    • 11.1.Raytheon Company
      • 11.1.1.Company Overview
      • 11.1.2.Financial Overview
      • 11.1.3.Product Portfolio
      • 11.1.4.Business Strategy
      • 11.1.5.Recent Developments
    • 11.2.Boeing
    • 11.3.Zodiac Aerospace
    • 11.4.Airbus S.A.S
    • 11.5.Lockheed Martin
    • 11.6.United Technologies Corporation
    • 11.7.Honeywell International Inc.
    • 11.8.Thales Group
    • 11.9.Safran SA
    • 11.1.TTTech Computertechnik AG
    • 11.11.Bombardier
    • 11.12.United Technologies Corporation
    • 11.13.Thales Group

List of Figures 

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global More Electric Aircraft Market
FIG. 6 Global More Electric Aircraft Market Attractiveness, By Platform
FIG. 7 Global More Electric Aircraft Market Attractiveness, By System
FIG. 8 Global More Electric Aircraft Market Attractiveness, By Application
FIG. 9 Global More Electric Aircraft Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global More Electric Aircraft Market Revenue Share, by Platform, 2019 & 2026
FIG. 12 Global More Electric Aircraft Market for Fixed Wing, Revenue (USD Million) 2016 - 2019
FIG. 13 Global More Electric Aircraft Market for Rotary Wing, Revenue (USD Million) 2016 - 2019
FIG. 14 Global More Electric Aircraft Market Revenue Share, by System, 2019 & 2026
FIG. 15 Global More Electric Aircraft Market for Power Electronics, Revenue (USD Million) 2016 - 2019
FIG. 16 Global More Electric Aircraft Market for Energy Storage Equipment, Revenue (USD Million) 2016 - 2019
FIG. 17 Global More Electric Aircraft Market for Thermal Management System, Revenue (USD Million) 2016 - 2019
FIG. 18 Global More Electric Aircraft Market Revenue Share, by Application, 2019 & 2026
FIG. 19 Global More Electric Aircraft Market for Power Distribution, Revenue (USD Million) 2016 - 2019
FIG. 20 Global More Electric Aircraft Market for Flight Control & Operations, Revenue (USD Million) 2016 - 2019
FIG. 21 Global More Electric Aircraft Market for Passenger Comfort, Revenue (USD Million) 2016 - 2019
FIG. 22 Global More Electric Aircraft Market for Air Pressurization & Conditioning, Revenue (USD Million) 2016 - 2019
FIG. 23 Global More Electric Aircraft Market Revenue Share, by Region, 2019 & 2026
FIG. 24 North America More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 25 Europe More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 26 Asia Pacific More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 27 Latin America More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 28 The Middle-East and Africa More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 29 Raytheon Company Business Segment Revenue Share, 2018 (%)
FIG. 30 Raytheon Company Geographical Segment Revenue Share, 2018 (%)
 


List of Tables

TABLE 1 Global More Electric Aircraft Market: Snapshot
TABLE 2 Drivers of the More Electric Aircraft Market: Impact Analysis
TABLE 3 Restraints for the More Electric Aircraft Market: Impact Analysis
TABLE 4 Global More Electric Aircraft Market Revenue, by Region, 2016 – 2019 (USD Million)
TABLE 5 North America More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
TABLE 6 North America More Electric Aircraft Market Revenue, by Platform, 2016 – 2019 (USD Million)
TABLE 7 North America More Electric Aircraft Market Revenue, by System, 2016 – 2019 (USD Million)
TABLE 8 North America More Electric Aircraft Market Revenue, by Application, 2016 – 2019 (USD Million)
TABLE 9 Europe More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
TABLE 10 Europe More Electric Aircraft Market Revenue, by Platform, 2016 – 2019 (USD Million)
TABLE 11 Europe More Electric Aircraft Market Revenue, by System, 2016 – 2019 (USD Million)
TABLE 12 Europe More Electric Aircraft Market Revenue, by Application, 2016 – 2019 (USD Million)
TABLE 13 Asia Pacific More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
TABLE 14 Asia Pacific More Electric Aircraft Market Revenue, by Platform, 2016 – 2019 (USD Million)
TABLE 15 Asia Pacific More Electric Aircraft Market Revenue, by System, 2016 – 2019 (USD Million)
TABLE 16 Asia Pacific More Electric Aircraft Market Revenue, by Application, 2016 – 2019 (USD Million)
TABLE 17 Latin America More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
TABLE 18 Latin America More Electric Aircraft Market Revenue, by Platform, 2016 – 2019 (USD Million)
TABLE 19 Latin America More Electric Aircraft Market Revenue, by System, 2016 – 2019 (USD Million)
TABLE 20 Latin America More Electric Aircraft Market Revenue, by Application, 2016 – 2019 (USD Million)
TABLE 21 The Middle-East and Africa More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
TABLE 22 The Middle-East and Africa More Electric Aircraft Market Revenue, by Platform, 2016 – 2019 (USD Million)
TABLE 23 The Middle-East and Africa More Electric Aircraft Market Revenue, by System, 2016 – 2019 (USD Million)
TABLE 24 The Middle-East and Africa More Electric Aircraft Market Revenue, by Application, 2016 – 2019 (USD Million)

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