Press release
More Electric Aircraft Market Analysis To 2025 | Major Key Players are Honeywell International Inc., Safran SA, Bombardier, Raytheon Company, United Technologies Corporation, and Thales
More Electric Aircraft Market
Rapid growth in passenger air traffic coupled with increasing shift toward fuel efficient airplanes will drive more electric aircraft market growth. Aircraft manufacturers have been looking to introduce electric airplanes offering multiple benefits such as light weight structure, decreased noise. Also, these planes possess fewer moving parts which results in less maintenance cost, which would be an added advantage for airline companies which are striving to survive in a highly competitive business landscape.
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The increasing focus on improving passenger travel experience by enhancing the air cabin features will propel the passenger comfort application segment. Several airliners are increasingly adopting premium in-flight entertainment systems to draw customer attraction. This has been greatly supported by the technological advancements in manufacturing on demand aircraft cabins further boosting the segmental share.
Growing adoption of greener air carriers attributed toward stringent aviation emissions norms may positively influence the market share. For instance, regulatory bodies such as International Civil Aviation Origination (ICAO) and the Federal Aviation Administration (FAA) are consistently directing their focus toward the growing aviation related carbon emissions. This should encourage the industry players to invest in the development of technologies for cleaner aircrafts, thus stimulating more electric aircraft market trends over the study timeframe.
Airplane manufacturers along with the component suppliers planning for the expansion their R&D facilities to enhance the existing aircraft technologies. For instance, in October 2016, Safran revealed the establishment of its R&D facility in France, eyeing the development of greener aircrafts. According to a research report by Global Market Insights, Inc., more electric aircraft market size is set to surpass USD 45 billion by 2025.
Fixed wing segmental growth is driven by increasing worldwide demand for more electric widebody aircrafts such as B787 and A380. Airplane manufacturers have been incorporating several electrical systems such as Electrical Thrust Reverser Actuation System (ETRAS) for improving the fuel efficiency and minimizes the loses.
Energy storage segment is anticipated to witness significant growth pertaining to the key role of the battery technology to power more electric aircrafts. More electric aircrafts market will experience growing demand for energy storage devices owing to the presence of several electric components as compared to the conventional aircrafts.
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Partial Chapter of the Table of Content
Chapter 4. More Electric Aircraft Market, By Platform
4.1. Global more electric aircraft market share by platform, 2018 & 2025
4.2. Fixed Wing
4.2.1. Global market estimates and forecasts, 2013 – 2025
4.2.2. Market estimates and forecast, by region, 2013 – 2025
4.3. Rotary Wing
4.3.1. Global market estimates and forecasts, 2013 – 2025
4.3.2. Market estimates and forecast, by region, 2013 – 2025
Chapter 5. More Electric Aircraft Market, By System
5.1. Global market 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. More Electric Aircraft Market estimates and forecast, by region, 2013 – 2025
5.5. Energy Storage Devices
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/more-electric-aircraft-market
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
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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