openPR Logo
Press release

What are the Growth Drivers of More Electric Aircraft Market? Boeing, Airbus, Honeywell International, United Technologies, Safran, Zodiac aerospace, Bombardier, and Raytheon

04-21-2020 02:00 PM CET | Logistics & Transport

Press release from: marketstudyreport.com

/ PR Agency: marketstudyreport.
What are the Growth Drivers of More Electric Aircraft Market?

MarketStudyReport.com Adds New More Electric Aircraft Market 2019 - 2025 research report providing information and data By Platform, By System, By Application, Industry Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast spreading across 200 Pages with table and figures in it.

North America will account for the significant revenue share in more electric aircrafts owing to increasing defense and military investment by the regional governments. Furthermore, the continuous development of aircrafts and modification for the air pressurization & conditioning, thermal management systems such as power and thermal management systems (PTMS).

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/2100667/?utm_source=Openpr.com-AN

Rising importance of higher weight to fuel ratio in aircraft along with development of advanced flight control systems will support the more electric aircraft market growth. The usage of electric system in flight control operation such as braking, enhances the braking safety, comfort, and efficiency. Additionally, electric systems minimize overall ownership costs owing to replacement of hydraulic lines and pistons with electromechanical actuators.

Innovations in area of the power electronic equipment such as high temperature electronics along with stringent on-board electrical hardware safety regulations proliferate more electric aircraft market growth. For instance, American Society For Testing Materials (ASTM) international committee regulates the design, alteration and certification for airplane electrical systems. These regulatory reforms mandates manufacturers to strengthen manufacturing or production processes.
Additionally, companies are investing in R&D to enhance the heat dissipation of the electrical systems with developing heat sinks and using special resins over a large surface area.

Increasing air transportation service along with benefits offered by more electric aircrafts including less noise, enhancing operating efficiency, reliability, are resulting in increasing market share over the forecast time period. According to the International Air Transport Association (IATA), in October 2018, the passenger air transport will account for 8.2 billion by the year 2037. In addition, the replacement of conventional aircraft components including hydraulic, pneumatic, and mechanical with electrical systems results in less maintenance cost, thereby driving the industry growth.

Industry players are forming partnerships with aircraft service provider and suppliers to provide advanced technologically products that results in safe and environmentally friendly services to passengers. For instance, in October 2017, Safran and Thales group have signed a Memorandum of Understanding for the integration of the power supply unit. This technology enabled airlines to significantly reduce fuel consumption owing to installation of electrical motors in the wheels of main landing gear and enhances the more electric aircraft market revenue share.

Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/2100667/?utm_source=Openpr.com-AN

Fixed wing more electric aircraft segment accounted for a substantial growth over the forecast timeframe. This can be attributed to increasing aircraft deliveries across the globe. The adoption of several electrical components such as Electrical Thrust Reverser Actuation System (ETRAS) enhances the fuel efficiency of aircrafts. The system optimizes overall energy consumption and minimizes the loses. Incorporation of these systems reduces fuel consumption and thereby offer cost effective operation.

Prominent players in the more electric aircraft market includes Boeing, Airbus, Honeywell International, United Technologies, Safran, Zodiac aerospace, Bombardier, and Raytheon. The industry participants are engaged in strategic mergers and acquisition to enhance their portfolio and market share. For instance, in November 2018, United Technologies completed acquisition of Rockwell Collins. This strategy enable company to enhance their product portfolio for digital product offerings such as flight controls and avionics.

The power electronics segment will account for a considerable growth owing to increase in the sales of military aircrafts. The various benefits offered by such systems includes easier maintenance, light weight, more controllability and easier fault detection and diagnosis, thus increasing product penetration. These systems further enhance the generator and actuator operation and enable energy regeneration that increase the more electric aircraft market demand.

Power generation will register significant growth in more electric aircraft market owing to incorporation of secondary electric power systems in aircrafts. The secondary power system in conventional aircrafts are utilizing hydraulic and mechanical power that consumes around 5% of the fuel burnt during flight. The usage of new power generation units reduces the operational cost and thereby increases product penetration.

Table of content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. More Electric Aircraft Industry Insights
Chapter 4. More Electric Aircraft Market, By Platform
Chapter 5. More Electric Aircraft Market, By System
Chapter 6. More Electric Aircraft Market, By Application
Chapter 7. More Electric Aircraft Market, By Region
Chapter 8. Company Profiles

Related Report:

Global More Electric Aircraft Market Insights, Forecast to 2025

The market is primarily driven by factors such as rise in the number of aircraft deliveries, reduction in operating and maintenance cost, and need for fuel-efficient aircraft with less carbon emission, among others.

https://www.marketstudyreport.com/reports/global-more-electric-aircraft-market-insights-forecast-to-2025/?utm_source=Openpr.com-AN

Contact Us:
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
USA
Phone: 1-302-273-0910
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
Blog: https://www.marketstudyreport.com/blog

About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

This release was published on openPR.

Permanent link to this press release:

Copy
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 What are the Growth Drivers of More Electric Aircraft Market? Boeing, Airbus, Honeywell International, United Technologies, Safran, Zodiac aerospace, Bombardier, and Raytheon here

News-ID: 2018623 • Views: 126

More Releases from marketstudyreport.com

Covid -19 Impact on Video Conferencing Market Size 2026: Top Companies, Trends a …
Market Study Report recently introduced new title on “2020-2026 Global Video Conferencing Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates Market size outlook and status to 2026. Video Conferencing Market size is anticipated to grow at over 19% CAGR between 2020 and 2026. The global video conferencing market is set to register a tremendous rise in its growth
What's driving the Patient Monitoring Devices Market Size? Fukuda, Philips, Skan …
Selbyville, Delaware the prime objective of Patient Monitoring Devices report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. Wireless segment is anticipated to witness more than 5% growth over the forecast period. Substantial growth can be attributed to rising preference for
What's driving the 3D Implants Market trends? Stryker, Smith and Nephew, DJO Glo …
The 3D Implants market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. Request a sample Report of 3D Implants Market at: https://www.marketstudyreport.com/request-a-sample/2679238/?utm_source=OPR.com/&utm_medium=SP The most likely (base case) scenario
Artificial Vascular Implants Market is thriving worldwide by 2025 | Top Key Play …
Global Artificial Vascular Implants Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Artificial Vascular Implants Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Artificial Vascular Implants market and provides information regarding the revenue for the period 2020 to 2025. The Artificial Vascular Implants market report provides

All 5 Releases


More Releases for Air

Climacool Air Conditioning
Climacool Air Conditioning sells, installs, repairs and services air conditioning units in Sydney. The team of air conditioning professionals work in both domestic and commercial estates to ensure that you receive the quality and outstanding service that you deserve. Climacool Air Conditioning sells, installs, repairs and services air conditioning units in Sydney. The team of air conditioning professionals work in both domestic and commercial estates to ensure that you receive the
Air Suspension Systems Market
Air suspension systems are extensively used in heavy duty vehicles where they utilize pressure from compressed air for the vehicle’s braking system. As a result, the global air suspension systems market is expected to witness significant growth in 2018, reaching a market value of US$ 4,613.3 Mn at a Y-o-Y growth rate of 6.0% as compared to 2017. Furthermore, the global demand for air suspension systems will also be influenced
Air Defense System Market,
The air defense system are coming up with for mission, coordination of units whereas playacting combat missions, inserting intelligence statistics on the map and investigation of errors by retrieving the history module. The combat management system delivers associate degree accessible, services-based framework. Moreover, this technique conjointly directs correct and fast-reacting fusion, analysis and transmission of nice amounts of detector knowledge to ensure the economical readying of ships and different resources
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Systematically pure air
Amazone has integrated energy-saving torch welding extraction into the production Metal-processing companies can directly include the planning of ventilation systems when building a new hall. But what kind of extraction and filter technology can be successfully integrated into the existing production, which individually protects employees against emissions and is extremely energy-saving? This is the question that Hilmar Heitmann, project engineer at Amazone at the main production facility in Hasbergen-Gaste (close
Maximizing Air Conditioning Efficiency
Maximizing air conditioning efficiency is key to minimize its financial and environmental costs. Historically air conditioning has been unpopular in Europe simply because of the moderate climate and running costs, having said that, it is now becoming much more common across Europe and the UK. An air conditioner that does not work at its maximum efficiency levels can seriously effect the electricity consumption, it may be working fine with absolutely