According to the latest report by IMARC Group, titled “More Electric Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global more electric aircraft market size reached US$ 1.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.92 Billion by 2027, exhibiting a growth rate (CAGR) of 16.30% during 2022-2027.
More Electric Aircraft Industry Definition and Application:
More electric aircraft (MEA) refers to the efficient airplane system that utilizes advanced electrical power to operate an aircraft by replacing generic pneumatic and hydraulic equipment. It is cost-effective and comprises a hybrid, fixed, and rotary wing. It is safe and comfortable while emitting lower greenhouse gas (GHG) emissions and has lesser assembling and maintenance costs. Besides this, it provides better functioning and reduced complexity, vulnerability, and redundancy as compared to conventional aircraft. As it is widely employed in civil and military purposes, the demand for MEA is increasing across the globe.
Request Free Sample Report: https://www.imarcgroup.com/more-electric-aircraft-market/requestsample
More Electric Aircraft Market Trends and Drivers:
At present, the rising demand for light, efficient, and high-power density generators and motors represents one of the primary factors strengthening the market growth. Besides this, the growing demand for MEA due to the rapid adoption of flyby wire systems, along with technological advancements in aircraft power generation and conversion systems, is offering a positive market outlook. Apart from this, the increasing demand for the optimization of aerodynamic structures and engine in the MEA is bolstering the growth of the market. Moreover, the rising demand for MEA, as it reduces noise pollution and emissions, is offering lucrative growth opportunities to industry investors. Furthermore, key players are introducing a compact fly-by-wire system that eliminates the need for heavy pushrods, control cables, or hydraulics and enhances the stability of the aircraft.
More Electric Aircraft Market Segmentation:
The report has segmented on the basis on application, technology, aircraft type and region.
Breakup by Application:
- Air Pressurization and Conditioning
- Configuration Management
- Flight Control Operations Management
- Power Generation Management
- Power Distribution Management
- Others
Breakup by Technology:
- Safety Systems and Advanced Materials
- Power Electronics
- Energy Storage Devices
- Thermal Management Systems
- Others
Breakup by Aircraft Type:
- Fixed Wing (Narrow Body/Wide Body/Very Large Body) Aircraft
- Rotary Wing Aircraft
- Unmanned Aerial Vehicles
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape:
- Airbus SE,
- Bombardier Inc.
- Honeywell International Inc.
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Rolls-Royce Holdings Plc
- Safran S.A.
- Thales Group
- The Boeing Company
- TTTech Computertechnik AG
- United Technologies Corporation
Ask Analyst for Customization and Explore Full Report with TOC List of Figure: https://www.imarcgroup.com/request?type=reportid=2124flag=C
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
