Press release
More Electric Aircraft Market: What are the Future Growth Opportunities? Top Players: Honeywell International Inc., Safran, Bombardier, The Boeing Company, Airbus S.A.S, Raytheon Company, United technologies Corporation, Thales Group, Lockheed Martin Corp
Growing demand for lightweight, durable and fuel-efficient air carriers has advocated the importance of more electric aircraft market, along with the need for lower operating and maintenance costs. The substitution of conventional aircraft components including mechanical, hydraulic and pneumatic systems with electrical equipment offers optimized operational efficiency and invariably helps reduce carbon emissions. Increasing efforts to develop greener aircrafts will stimulate the aerospace sector to seek innovative ways for integrating additional electrical systems that enhance the airplane performance.
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Expanding tourism segment and subsequent increase in air traffic has encouraged major airplane manufacturers to not only grow their production capacity but also invest in novel technologies to boost performance. Global air passenger volume has surged across developed nations as well as emerging economies, coercing airlines to expand their fleets. In fact, in India the number of passengers opting for air transport in 2018 were about 12.5 million as against 11.5 million in the previous year. As worldwide commercial fleets witness a swift growth, more electric aircraft (MEA) industry will benefit from a booming customer base.
Regulatory bodies including Federal Aviation Administration (FAA), International Civil Aviation Organization (ICAO), and International Air Transport Association (IATA) are providing several regulatory policies and standards aimed at minimizing carbon emissions. This has added to the urgency of aircraft makers to incorporate single electric systems into planes instead of complex and heavy mechanical systems comprised of numerous individual parts. Simpler and lighter planes will lead to better fuel efficiency and help comply with upcoming emission mandates, besides ensuring long-term sustainability of airlines. Undoubtedly, regulatory compliance will be a key factor in strengthening more electric aircraft market outlook.
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Increasing the power of electrical systems in aircrafts is the main driver boosting more electric aircraft market size, indicating that tomorrow's planes will have a much lesser environmental footprint and would be simpler to maintain. The industry is poised to accrue significant revenues from manufacturers looking for advanced power generation and distributions systems as well as fuel-saving technologies for cabin pressurization and air conditioning.
Table of Contents (ToC) of the report:
Chapter 5. More Electric Aircraft Market, By System
5.1. Global more electric aircraft industry share by system, 2018 & 2025
5.2. Power Electronics
5.2.1. Global market estimates and forecasts, 2013 - 2025
5.2.2. Market estimates and forecast, by region, 2013 - 2025
5.3. Thermal Management System
5.3.1. Global market estimates and forecasts, 2013 - 2025
5.3.2. Market estimates and forecast, by region, 2013 - 2025
5.4. Safety System & Advanced Material
5.4.1. Global market estimates and forecasts, 2013 - 2025
5.4.2. Market estimates and forecast, by region, 2013 - 2025
5.5. Energy Storage Devices
5.5.1. Global market estimates and forecasts, 2013 - 2025
5.5.2. Market estimates and forecast, by region, 2013 - 2025
Chapter 6. More Electric Aircraft Market, By Application
6.1. Global more electric aircraft market share by application, 2018 & 2025
6.2. Power Distribution
6.2.1. Global market estimates and forecasts, 2013 - 2025
6.2.2. Market estimates and forecast, by region, 2013 - 2025
6.3. Passenger Comfort
6.3.1. Global market estimates and forecasts, 2013 - 2025
6.3.2. Market estimates and forecast, by region, 2013 - 2025
6.4. Air Pressurization & Conditioning
6.4.1. Global market estimates and forecasts, 2013 - 2025
6.4.2. Market estimates and forecast, by region, 2013 - 2025
6.5. Flight Control & Operations
6.5.1. Global market estimates and forecasts, 2013 - 2025
6.5.2. Market estimates and forecast, by region, 2013 - 2025
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/more-electric-aircraft-market
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