Global More Electric Aircraft Market (2020 to 2027) - by Aircraft System, Application & Aircraft Type, End-user and Geography - ResearchAndMarkets.com

The "More Electric Aircraft Market by Aircraft System, Application and Aircraft Type and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.

More electric aircraft (MEA) is a concept of maximizing the use of electrical power in the onboard functions of an aircraft. The researches and trials being conducted on the application of more electric aircraft technology have led to the inference that more electric aircraft technology can offer multiple advantages for an aircraft namely weight reduction and lower environmental impact.

Enhanced aircraft performance and increase in demand for environment-friendly aircraft are expected to drive the global more electric aircraft market growth during the forecast period. However, high capital requirements and reliability of aircraft electrical systems are anticipated to hamper the growth of the market during the forecast period. Moreover, advancements in battery solutions and electronic components and the development of alternative power sources are expected to offer lucrative opportunities for the market in the future.

The more electric aircraft market is segmented on the basis of aircraft systems, application, aircraft type, end user, and region. Based on the aircraft system, it is further divided into the propulsion system and airframe system. Depending on the application, it is fragmented into power generation, power distribution, power conversion, and energy storage. Based on aircraft type, the market is classified into fixed-wing and rotary-wing. Based on end user, the market is distributed into civil and military. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

• This study presents the analytical depiction of the global more electric aircraft market analysis along with the current trends and future estimations to depict imminent investment pockets.
• The overall more electric aircraft market opportunity is determined by understanding profitable trends to gain a stronger foothold.
• The report presents information related to the key drivers, restraints, and opportunities of the global more electric aircraft market with a detailed impact analysis.
• The current more electric aircraft market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
• Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Market Dynamics

Drivers

• Growing demand for high-performance fuel-efficient aircrafts
• Increase in demand for less polluting aircrafts
• Rise in demand for aircraft with low operational and maintenance cost

Restraints

• High capital requirement
• Reliability of aircraft electrical system

Opportunities

• Advancement in battery solutions and electronic components
• Development of alternative power sources

Key Players

• AMETEK, Inc.
• BAE Systems plc
• Bombardier Inc.
• Elbit Systems Ltd.
• GE Aviation
• Honeywell International Inc.
• Raytheon Technologies Corporation
• Rolls-Royce Holdings plc
• Safran
• Thales Group

For more information about this report visit https://www.researchandmarkets.com/r/520yww

View source version on businesswire.com: https://www.businesswire.com/news/home/20210624005571/en/