More Electric Aircraft Market is set for lucrative growth during 2022-2031 | Size, Share, Demand and Opportunities Analysis

New York, Global More Electric Aircraft Market report from Global Insight Services is the single authoritative source of intelligence on More Electric Aircraft Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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More Electric Aircraft (MEA) is an aircraft technology that relies more heavily on electrical systems than traditional aircraft. MEA technology is seen as a potential means to reduce fuel consumption, emissions, and noise levels in the aviation industry. In addition, MEA technology may improve aircraft safety and reliability by reducing the number of moving parts and potential failure points in an aircraft.

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Key Trends

The key trends in More Electric Aircraft technology are the development of more efficient and powerful electric motors, the use of more electric systems to replace hydraulic and pneumatic systems, and the development of more advanced energy storage systems.

The development of more efficient and powerful electric motors is a key trend in More Electric Aircraft technology. Electric motors are more efficient than internal combustion engines and can be more easily integrated into aircraft systems.

The use of more electric systems to replace hydraulic and pneumatic systems is another key trend in More Electric Aircraft technology. Hydraulic and pneumatic systems are heavier and less efficient than electric systems.

The development of more advanced energy storage systems is another key trend in More Electric Aircraft technology. Energy storage systems are used to store energy generated by the aircraft's electric motors.

Key Drivers

There are a number of factors driving the development of more electric aircraft.

Firstly, there is a growing awareness of the environmental impact of aviation, and a desire to reduce emissions from aircraft.

Secondly, electric propulsion systems are becoming more efficient and powerful, making them more viable for use in aircraft.

Finally, there is a growing body of evidence that suggests electric aircraft are more reliable and require less maintenance than traditional aircraft.

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Market Segments

The more electric aircraft market is segmented by type, application, end-user, and region. By type, the market is classified into fixed wing, and rotary wing. Based on the application, it is bifurcated into power generation, power distribution, power conversion, and others. On the basis of the end-user, it is divided into civil, and military. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.

Key Players

The more electric aircraft market includes players such as Safran S.A., Honeywell International Inc, Raytheon Technologies Corporation, Thales Group, Bae Systems, Embraer S.A., Liebherr, Magnix, Ametek Inc, GE Aviation, and others.

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