Press release
What's driving the More Electric Aircraft Market Trends? Honeywell International Inc., Safran, Bombardier, The Boeing Company, Airbus S.A.S, Raytheon Company, United technologies Corporation, Thales Group, Lockheed Martin Corporation., Augusta Westland
More Electric Aircraft Market
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 market will benefit from a booming customer base.
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Essentially, the remarkable weight reduction achieved by replacing a large number parts with smaller electrical systems has primarily reinforced more electric aircraft market. Air traffic is responsible for just around 2% of global CO2 emissions every year, but this number will only grow as the tourism sector and international trade expands. Since only modifying engine and the body of aircrafts will not be sufficient to mitigate the emission risks, electrification signifies a crucial opportunity to achieve sustainability targets.
For instance, Boeing alone had bagged a total of 893 orders worth US$143.7 billion in December 2018, implying the continuous expansion of the aerospace sector and the vast potential existing for more electric aircraft market. Apparently, a surge in defense expenditure by developed as well as emerging economies has also influenced the demand for new aircrafts, representing a critical application area for implementing novel MEA systems.
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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Some Point from Table of Contents:
Chapter 5. More Electric Aircraft Market, By System
5.1. Global more electric aircraft inustry 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 industry 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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