More Electric Aircraft Market Worth $7.3 Billion by 2027 - Exclusive Report by MarketsandMarkets™

News provided by

Nov 09, 2022, 08:00 ET

CHICAGO, Nov. 9, 2022 /PRNewswire/ -- More electric aircraft market is projected to grow from USD 4.1 Billion in 2022 and reach USD 7.3 Billion by 2027, at a CAGR of 12.6% during the forecast period according to a new report by MarketsandMarkets™. Major factors projected to drive the more electric aircraft market growth during the forecast period are improved aircraft performance, lower operational and maintenance costs, and lower emissions and noise pollution. On the other hand, a rise in investments and a longer clearance period are two factors impeding the growth of the electric aircraft market in the next years. Furthermore, advancements in high-density battery solutions, advancement of alternative power sources for electric power production, and expansion of sophisticated power electronic components will give further growth prospects for the more electric aircraft industry in the future years.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138024896

Browse in-depth TOC on "More Electric Aircraft Market"
320 – Tables
60 – Figures
285 – Pages

The more electric aircraft market is further segmented into fixed-wing and rotary-wing aircraft based on aircraft type. The development of more dependable and efficient auxiliary power supply systems to drive fixed-wing aircraft needs.Recent technical improvements in the realm of power electronics and flight control system operations for rotary-wing aircraft, on the other hand, are expected to drive the segments expansion.

The market is classified into civil and military,based on end-user. The commercial sectors demand for more electric civil airplanes for carrying passengers and freight has expanded tremendously. Furthermore, the rising usage of the developed electrical system in military tactical airlifters for airborne refueling and medical evacuation is likely to drive market expansion.

The more electric aircraft regional analysis has been studied over North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Due to existence of key players and OEMs like as Airbus, Thales Group, and Safran S.A., the European market is the dominating the market with largest market share and is growing with the highest CAGR during the forecasted period. These system and component manufacturers are among the top companies featured in the region and have prospective consumers all over the world. During the forecast period, the Asia-Pacific market is expected to increase significantly. Countries like China and Japan are expected to remain important participants in this region. In contrast, India is emerging as the fastest-growing market for more electric civil aircraft during the same time due to its strong expansion in the commercial aviation sector.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=138024896

The key market players in the more electric aircraft market are AMETEK (US), Safran (France), Astronics Corporation (US), Amphenol Corporation (US), Honeywell International, Inc (US), Meggitt (UK), Safran S.A. (France), Rolls Royce Plc (UK), Raytheon Technologies Corporation (US), Thales Group (France), and General Electric (US).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=138024896

Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports:

Aircraft Electrification Market by Technology (More Electric, Hybrid Electric, Fully Electric), Component, Application, System, Platform (Commercial, Military, Business & General Aviation, UAV, AAM) and Region (2021-2030)

Electric Aircraft Market by Platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application, and Region (2021-2030)

Aircraft Wire and Cable Market by Type (Wire, Harness, Cable), Application (Power Transfer, Data Transfer, Flight Control System, Avionics, Lighting), Aircraft Type, Conductor Material, Insulation Type, End User and Region (2021-2026)

Aircraft Actuators Market by Installation Type (OEM & Aftermarket), System, Technology (Hydraulic, Electric Hybrid, Mechanical, Pneumatic, and Full Electric), Type, Platform, Aircraft Type (Fixed Wing and Rotary Wing) and Region - Global Forecast to 2027

Aircraft Electrical Systems Market by System (Power Generation, Conversion, Distribution, Energy Storage), Component, Technology, Platform (Commercial Aviation, Military Aviation, Business & General Aviation), End-User, Application & Region - Global Forecast to 2030

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/more-electric-aircraft-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/more-electric-aircraft.