More Electric Aircraft Market value $3.3 billion by 2025

1
According to the latest market research report
the "More Electric Aircraft Market by End User
(Civil, Military), Aircraft System, Component,
Application (Power Generation, Power
Distribution, Power Conversion, Energy
Storage), Aircraft Type (Fixed Wing, Rotary
Wing), Region - Global Forecast to 2025", 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, architecture,
fault-tolerant electro-hydrostatic
actuators, flight control systems, high-density
electric motors, and power generation and
conversion systems have fueled the adoption of
MEA. Download PDF Brochure _at_ https//www.marketsan
dmarkets.com/pdfdownloadNew.asp?id138024896 The
propulsion system is projected to grow at the
highest CAGR during the forecast period Based on
aircraft system, the more electric aircraft
market is segmented into propulsion system and
airframe system. Electrification of various
propulsion and airframe systems enables aircraft
to reduce carbon emissions and the overall
operational cost. The rising focus of major OEMs
such as Airbus on the development of electric
propulsion systems is expected to drive the
propulsion system segment during the forecast
period. The power distribution is projected to
grow at the highest CAGR during the forecast
period Based on application, the more electric
aircraft is segmented into power generation,
power distribution, power conversion, and energy
storage. The power distribution system is highly
flexible, fault-tolerant, and is controlled by a
redundant microprocessor system. In this system,
electrical power is supplied to the primary
power distribution system, wherein the contactor
control unit (CCU) and high-power contactor are
located across generators, auxiliary power units
(APU), batteries, and ground sources. The civil
segment accounts for the largest market size
during the forecast period. Based on end user,
the more electric aircraft market is segmented
into civil and military. The civil segment is
estimated to account for a larger share in 2020
as compared to the military segment. Carbon and
nitrogen oxide emissions, high fuel
2
consumption, and high maintenance costs are some
of the challenges in the civil aviation
segment. Europe is expected to account for the
largest share in 2020 The more electric aircraft
market has been studied for North America,
Europe, Asia Pacific, Middle East Africa and
Africa. Europe is estimated to account for the
largest share of the global market in 2020. The
market is growing at a significant pace in the
Europe region, majorly driven by the increasing
air passenger traffic. The market in Asia
Pacific is projected to grow significantly owing
to high investments in the modernization of
airport and construction of new regional
airports. Key Market Players Some of the players
operating in the market include AMETEK (US),
Safran (France), Astronics Corporation (US),
Amphenol Corporation (US), Honeywell
International, Inc. (US), Meggitt (UK), and
Thales Group (France). These companies have well-
equipped strong distribution networks across the
North American, European, Asia Pacific, the
Middle East African and Latin American
regions. Ask for Sample Report _at_ https//www.marke
tsandmarkets.com/requestsampleNew.asp?id138024896
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