Title: More Electric Aircraft Market Poised for Rapid Growth
1More 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_
2- 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 - About MarketsandMarkets
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3through a set of applications, helping clients
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revenue shifts happening in their industry.
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