More Electric Aircraft Market Analysis, Segments, Growth and Value Chain 2021 – 2025

More Electric Aircraft Market Analysis, Segments, Growth and Value Chain 2021 – 2025

A detailed analysis of the more electric aircraft market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the market report also contains information on the pivotal industry insights for core players to look out for.

Technological advancements in flight control systems along with rising emphasis on the shift to energy efficient aircraft will spur the more electric aircraft market size. More electric aircraft (MEA) offer several benefits like better reliability, less noise, and enhancing operating efficiency. Electric systems are increasingly replacing conventional aircraft components including mechanical, hydraulic, and pneumatic as they require less maintenance cost. Electric systems also help in minimizing the overall cost of ownership as hydraulic lines and pistons are replaced with electromechanical actuators. All these factors are expected to drive the market of more electric aircraft in the coming years.

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The rise in sales of military aircraft will be a major factor spurring the demand for power electronics systems. The multiple benefits offered by these systems include more controllability of aircraft, easier maintenance, easier fault detection & diagnosis, and lightweight. These systems further augment the actuator operation and generator and aid energy regeneration.

Constant innovations in the area of power electronic equipment such as high-temperature electronics along with stringent onboard electrical hardware safety regulations will expand the growth of more electric aircraft market. For the record, ASTM (American Society for Testing Materials) regulates the alteration, design, and certification for airplane electrical systems. Meanwhile, companies are making hefty investing in R&D to enhance the heat dissipation of electrical systems. They are utilizing special resins over a large surface area and are developing heat sinks to improve performance of electrical systems.

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The North America market for more electric aircraft will hold noteworthy revenue share in the projected timeframe driven by rising air travel and lucrative investment in the aerospace sector. The International Air Transport Association (IATA) estimates that passenger air transport is expected to account for 8.2 billion by the year 2037. Increasing defense and military investment by governments could endorse new development in the aerospace sector as well as support modification of air pressurization & conditioning and thermal management systems.

Key players in the more electric aircraft market like United Technologies, Safran, Boeing, Airbus, Bombardier, Raytheon, Honeywell International, and Zodiac aerospace are focusing on strategic mergers and acquisitions to enhance their portfolio and market share. Highlighting an instance, in 2018, United Technologies completed the acquisition of Rockwell Collins to boost its portfolio of digital products such as flight controls and avionics. Certain electric aviation companies like Eviation, magniX, Pipistrel, Ampaire, Bye Aerospace, and Zunum Aero are also making considerable advancements in electric aircraft landscape.

Major Key Points from Table of Content:

Chapter 4. More Electric Aircraft Market, By Platform

4.1. Global more electric aircraft market share by platform, 2018 & 2025

4.2. Fixed Wing

4.2.1. Global market estimates and forecasts, 2013 – 2025

4.2.2. Market estimates and forecast, by region, 2013 – 2025

4.3. Rotary Wing

4.3.1. Global market estimates and forecasts, 2013 – 2025

4.3.2. Market estimates and forecast, by region, 2013 – 2025

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