openPR Logo
Press release

More Electric Aircraft (MEA) Global Market Takes off To Glory By 2023At ~4% of CAGR

10-12-2018 07:13 AM CET | IT, New Media & Software

Press release from: Market Research Future

More Electric Aircraft (MEA) Global Market Takes off To Glory By 2023At ~4% of CAGR

Market Highlights:

The technological advances in the field of power electronics, high-density electric motors, flight control systems, fault-tolerant architecture, power generation and conversion systems have ushered the era of the More Electric Aircraft (MEA). The latest report published by Market Research Future (MRFR) reveals that the global more electric aircraft market will incur expansion at 4% CAGR throughout the forecast period 2017 to 2023.

The adoption of MEA is enabling the aircraft industry to unlock significant developments such as aircraft reliability, lesser oil consumption, etc. The utilization of electrical appliances in aircraft has elevated the performance level and lowered the associated operational cost. Other factors that are responsible for the growth of the market are enhanced reliability, reduction in weight of the aircraft, reduced loss in propulsion, etc.

The adoption of MEA is accelerating in the defense sector which is expected to amplify demand in the global MEA market over the next couple of years. The widespread acceptance of the technology in military operations is due to its silent electric engine operation which enables them to fly low without being detected. The initiatives taken by governments for reducing carbon emissions has introduced developments in the performances of MEA.

Get a Sample Report @

Competitive Dashboard:

The key players participating in the growth and expansion of the market have been profiled by MRFR in its report which include Rolls Royce (U.S.), United Technologies Corporation (U.S.), Honeywell International, Inc. (U.S.), Safran SA (France), Lockheed Martin (U.S.), Bombardier Inc. (Canada), Raytheon Company (U.S.), Thales Group (France), Airbus (France), Boeing (U.S.), and, Zodiac Aerospace SA (France). The players strive to introduce developments in the market for gaining a competitive edge over others by undertaking initiatives such as product innovation, acquisitions & mergers, joint ventures, agreements, technological advancements, etc.

Industry Developments:
JetSuite, US scheduled charter operator, will be the launch partner for Zunum Aero’s hybrid-electric regional aircraft. Zunum Aero is an aviation startup backed by Boeing and JetBlue. The delivery is scheduled to start from the beginning of 2022.

According to MRFR, The global More Electric Aircraft Market is expected to grow at a CAGR of over 4%, during the forecast period of 2017-2023.

Regional Analysis:

By region, the global more electric aircraft market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and, South America. In 2013, America- North America and South America had 8,030 aircraft in service, out of which 6,650 belonged to North America market, and the remaining 1380 were under the South America market. The demand for aircrafts is expected to reach 10,500 within the next two decades boosting the aviation industry in the North America and South America markets. The booming aviation industry is creating demand for more electric aircraft in the regions. The technological advancements and the concentration of major players in North America region will favor the steeper rise in the market compared to South America market.

The strategies undertaken by the prominent players of the market in the region will complement the growth and expansion of the market. The Clean Sky Initiative launched by the European Commission, and the European aeronautics industry is the most extensive European research program which has announced plans for optimizing the performance of MEAs. The initiative has accelerated the demand for MEA in the region and is poised to persistently fuel demand in the region over the assessment period.
The acceleration in air traffic and growing demand from the defense sector will be the driving factors of the market expansion of Asia Pacific region. Middle East & Africa is expected to exhibit sluggish growth throughout the projection period.

Market Segmentation:
By application, the global more electric aircraft market has been segmented into commercial, and, military.
By platform, the global market for more electric aircraft is segmented into fixed wing aircraft, rotary wing aircraft, and, unmanned aerial vehicle (UAV).

Browse Complete Report @

Intended Audience
• Distributor & Supplier companies
• End-Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Market Research Future
+1 646 845 9312

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release More Electric Aircraft (MEA) Global Market Takes off To Glory By 2023At ~4% of CAGR here

News-ID: 1298405 • Views: 137

More Releases from Market Research Future

Application Performance Management (APM) Market 2019 Top Key Players: IBM Corpor …
Application Performance Management Market Highlights: Tools and processes responsible for monitoring and managing the performance and availability of software applications. Application performance management (APM) tools alert IT staff to disruptions in availability and/or quality to end users when accessing mission-critical applications. Applications monitored by APM tools can include traditional non-connected applications, Web-enabled applications, streaming apps, and cloud applications. An application-centric manner is the ability to identify, diagnose and repair problems quickly, which
Plastic Container Market 2019 Global Industry Analysis By Share, Key Company, Tr …
Market Synopsis of Plastic Container Market. Plastic containers are one of the most used and preferred packaging material all over the world and can readily be molded into a variety of products that can be used in a wide range of applications. Plastic packaging refers to numerous products such as plastic bottles & food containers, pouches among others. They are generally made up of plastic resins such as PET, PP, and
Metal Cans Market 2019 Global Analysis, Industry Size, Share Leaders, Current St …
Global Metal Cans Market Information by Material (Aluminum, Steel, Tin), by Type (2-piece, 3 piece), by Application (Food, Beverage and Others) and Region - Forecast to 2022 Market Scenario The key drivers for the growth of the metal cans market are increasing demand for aerated and non-aerated beverages, increasing consumer demand for light weight packaging and increasing health awareness regarding use of non-carcinogenic packaging materials. Metal cans are widely used in food
Thermal Paper Market 2019 Global Industry Analysis By Key Players, Share, Size, …
Global Thermal Paper Market Information Report, By Technology (Direct Thermal, Thermal Transfer, and Others), By Application (POS, Lottery & Gaming, Labels & Tags, and Others) and By Region - Global Forecast To 2023 The key players of global thermal paper market are Appvion, Inc. (U.S.), Oji Paper (Thailand) Ltd. (Thailand), Koehler Paper Group (Germany), Ricoh Company Ltd (Japan), Jujo Thermal Ltd. (Finland), Mitsubishi Paper Mills Ltd. (Japan), Hansol Paper Co., Ltd

All 46505 Releases

More Releases for America

Latin America Colour Cosmetics Market
The colour cosmetics market in Latin America managed to keep its head above water over 2011-2016. The category recorded a CAGR of 1.7% despite a decline in value occurring towards the end of the period, Chile and Argentina offsetting the impact of economic crisis in Brazil and Venezuela. Direct selling still holds strong as the core channel for colour cosmetics purchases in the region but retail infrastructure is rapidly improving
South America Aviation Market
The South American aviation market was affected adversely by the financial crisis, which had originated in the United States and the sales were impacted adversely by the same, but the market has recovered, since. Furthermore, the good performance of regional jets sold by Embraer were termed profitable by users and could certainly turn the tide as aircraft orders from other airlines continue to increase. Rising income levels in the continent
Make America Great Again
Help us open our Veterans' Home We don't know them all, but we owe them all... Lake Ariel, PA: FCPCF Inc. and National Auto Raffle invites you to enter the online Charity Auto & 50/50 Raffles ( and help us raise funds to open the doors of veterans' housing facility and provide housing to the homeless Veterans and their families in need. Every 1 in 4 homeless is a Veteran and its time
Mafi Designs America
Austrian Natural Wood Floor manufacturer establishes themselves in the high end New York Lifestyle market. “Successfully building a luxury Brand in the US is very important to our world wide marketing efforts,“ proclaims a happy Philippe S. Pezet, Partner Mafi USA, Inc & Export/Marketing Manger for the manufacturing company Mafi Holzverarbeitung from Austria. The Mafi brand name is recognized by leading architects and decorators in the Big Apple as being the
Independent America
Charlottesville, Virginia. A synergy of diverse minds are developing the blueprint for America 's next great revival. The text entitled "Independent America" will lay out the vision of two gifted and determined individuals with the courage and conviction to conduct an historic run for the White House. It started with a vision from a our leader Daniel Imperato, an international businessman respected for his ability to succeed in challenging circumstances,
Saving Home Across America
NATIONWIDE--- The number of homeowners facing foreclosure is constantly increasing at an astounding rate around the country. More and more people have fallen behind on their payments due to hardships and worse yet predatory lending practices. However, help is available. There is a company with a team of loss mitigation specialist that can help homeowners avoid foreclosure. Eric Muhammad, a foreclosure prevention specialist for Freedom Foreclosure Prevention Services (FFPS) specializes