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What are the driving forces behind North America more electric aircraft market trends?

07-11-2019 09:14 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

more electric aircraft market

more electric aircraft market

Global more electric aircraft market is poised to procure substantial returns over the coming years, owing to high adoption of fuel-efficient aircraft that weigh less and produce low noise emission. According to Global Market Insights, Inc., the more electric aircraft market is projected to be worth more than $45 billion by 2025.

How do greener air carriers create impetus for the market?

Increasing demand for greener air carriers will continue to boost more electric aircraft market growth, attributable to low maintenance cost and enhanced reliability associated with these carriers. These carriers don’t include heavy maintenance components like bleed systems, which reduces lead time, thereby improving the overall performance. Driven by these benefits, greener air carriers will witness high demand in the coming years.

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Will power electronics prove lucrative for more electric aircraft market outlook?
As per the research report by Global Market Insights, Inc., the power electronic segment will contribute considerably owing to the rising sale of military aircraft. Power electronic systems offer easy maintenance, more controllability, enhanced fault detection & diagnosis, and weigh less, thus accelerating product adoption. These systems also improve actuator and generator operation, which will further propel more electric aircraft market share.

Key players are:
• Lockheed Martin
• Raytheon
• Boeing
• Airbus and Thales Group

What growth strategies are industry players employing to enhance more electric market revenue share?

Industry players are joining forces with aircraft service providers and suppliers in a bid to offer technologically advanced products that deliver safe and environmentally friendly services to commuters. Case in point, the MoU between Safran and Thales group for the integration of power supply unit, enabled airlines to make their fleet more fuel-efficient through the installation of electric motors in the wheels of the main landing gear. Such initiatives will evidently drive industry share in the ensuing years.

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What factors will drive North America more electric aircraft market in the future?
The North America market is slated to garner significant revenue share due to burgeoning investments by the government in the defense and military sector. Additionally, continuous advancement in airplanes and modifications for air conditioning and pressurization will further augment market growth in the region.

Brows complete Report @ www.gminsights.com/industry-analysis/more-electric-aircra...

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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