The usage of electrical appliances in an aircraft reduces the effort to maintain various hydraulic, pneumatic, and mechanical parts of the aircraft, thus reducing the operational and maintenance cost. This factor is likely to fuel the more electric aircraft market growth over the period. Further, the rise in demand for aircraft to meet the growing air traffic and increasing concentration on eco-friendly aircraft are also triggering the demand for more electric aircraft market.
MARKET DYNAMICS
More electric aircraft lower the weight of aircraft and reduced emissions due to less fuel usage. This results in lowered ownership costs and enhances dependability, which anticipating the more electric aircraft market growth. Moreover, strict emissions norms and thriving tourism activities result in the rising need for air flights, which influence the demand for more electric aircraft market during the forecast period.
MARKET SCOPE
The "Global More Electric Aircraft Market Analysis to 2028" is a specialized and in-depth study of the more electric aircraft industry with a special focus on the global market trend analysis. The report aims to provide an overview more electric aircraft market with detailed market segmentation as technology, platform, application, and geography. The global more electric aircraft market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading more electric aircraft market players and offers key trends and opportunities in the more electric aircraft market.
MARKET SEGMENTATION
The global more electric aircraft market is segmented on the basis of technology, platform, application. On the basis of technology the market is segmented as power electronics, thermal management systems, safety system and advanced materials, energy storage devices, others. On the basis of platform the market is segmented as fixed wing, rotary wing. On the basis of application the market is segmented as power generation management, passenger comfort, air pressurization and conditioning, configuration management, flight control and operations.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global more electric aircraft market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The more electric aircraft market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting more electric aircraft market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the more electric aircraft market in these regions.
MARKET PLAYERS
The reports cover key developments in the more electric aircraft market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from More electric aircraft market are anticipated to lucrative growth opportunities in the future with the rising demand for more electric aircraft in the global market. Below mentioned is the list of few companies engaged in the more electric aircraft market.
The report also includes the profiles of key more electric aircraft companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Airbus S.A.S,
- Boeing
- Bombardier Inc.
- Honeywell International Inc.
- L3Harris Technologies Inc.
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Safran S.A.
- Thales Group
- TTTech Computertechnik AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.