More Electric Aircraft Market Poised for Rapid Growth

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More Electric Aircraft Market Poised for Rapid
Growth Worth 7.3 Billion by 2027

• The More Electric Aircraft Market is on a
  significant growth trajectory, projected to
  expand from USD 4.1 billion in 2022 to USD 7.3
  billion by 2027, achieving a CAGR of 12.6. This
  market evolution is driven by several key
  factors, including enhanced aircraft
  performance, reduced operational and
  maintenance costs, and lower emissions and
  noise pollution.
• Key Market Players
• AMETEK (US)
• Safran (France)
• Astronics Corporation (US)
• Amphenol Corporation (US)
• Honeywell International, Inc (US)
• Meggitt (UK)
• Rolls Royce Plc (UK)
• Raytheon Technologies Corporation (US)
• Thales Group (France)
• General Electric (US)
• These companies are leading the
• charge with innovative technologies and comprehens
  ive product portfolios, contributing to the
  market's robust growth.
• Download PDF Brochure _at_

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• By Application The market is segmented into
  power generation, power distribution, power
  conversion, and energy storage. Each segment
  plays a crucial role in the overall functionality
  of electric aircraft.
• By Aircraft Type The market includes fixed-wing
  and rotary-wing aircraft. Fixed-wing aircraft
  benefit from reliable and efficient auxiliary
  power supply
• systems, while rotary-wing aircraft see growth
  from advancements in power electronics and flight
  control systems.
• By End User The market is divided into civil
  and military sectors. The commercial demand for
  electric aircraft for passenger and freight
  transport is
• growing, while military applications include
  tactical airlifters for refueling and medical
  evacuation.
• Regional Insights
• Europe Dominates the market with the largest
  share, driven by key players like Airbus,
  Thales Group, and Safran S.A. The region boasts
  a strong presence of system and component
  manufacturers with global reach.
• Asia-Pacific Expected to see significant growth,
  with China and Japan as key players. India
  emerges as the fastest-growing market due to its
  expanding commercial aviation sector.
• North America, Middle East Africa, and Latin
  America are also crucial regions contributing to
  the market dynamics.
• Ask for Sample Report _at_
• https//www.marketsandmarkets.com/requestsampleNew
  .asp?id138024896
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  co-creating supernormal growth for clients.

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