More Electric Aircraft Market Statistics, Opportunities and Forecast to 2025

1
More electric aircraft (MEA) is a concept that
involves the use of electric power (as opposed
to pneumatic and hydraulic sources of power) for
all non-propulsive systems in an aircraft. The
use of
power the
electric reduces weight,
helps overall fuel
consumption,
and
greenhouse emissions of an aircraft. Electrical
systems also help cut down the assembly and
maintenance costs of aircraft and facilitate
faster manufacturing. By application, the MEA
market is segmented into power generation, power
distribution, power conversion, and
energy storage. The More Electric Aircraft Market
is estimated to be USD 1.5 billion in 2020 and
is projected to reach USD 3.3 billion by 2025, at
a CAGR of 17.4 during the forecast period.
Recent technological advancements in the field of
power electronics, fault-tolerant architecture,
electro-hydrostatic actuators, flight control
systems, high-density electric motors, and power
generation and conversion systems have fuelled
the adoption of MEA. Advancements in high-density
battery solutions and the need for the
optimization of aircraft performance are other
factors fuelling the growth of the
market. Download PDF Brochure _at_ https//www.mark
etsandmarkets.com/pdfdownloadNew.asp?id138024896
Based on aircraft system, the airframe system
segment is estimated to dominate the more
electric aircraft market in 2020. Airframe
systems include environmental control system,
accessory drive system, landing gear system,
power management system, cabin interior system,
and flight control system. Increasing
modification in the airframe systems is expected
to fuel the growth for more electric
aircraft. Based on the application, the market
has been segmented into power generation, power
distribution, power conversion and energy
storage. The growth of the more electric
aircraft market across the globe can be
attributed to the increased focus on reducing
operational costs, emissions, and aircraft
noise. Based on the aircraft type, the market
has been segmented into fixed wing and rotary
wing. The fixed wing segment accounts for the
largest market size during the forecast period.
Growth in the Asia-Pacific fixed wing market is
primarily driven by increase in international as
well as domestic passenger movement which lead to
raise the demand for fuel efficient aircraft.
Enhancement in aircraft performance by providing
2
efficient electrical components is a significant
factor contributing to the growth of the
market. Ask for Sample Report _at_ https//www.marke
tsandmarkets.com/requestsampleNew.asp?id138024896
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