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More Electric Aircraft Market Growth - Industry Analysis, Size, Share, Trends, Demand, Overview and Segment Forecast To 2032
More Electric Aircraft Market
More Electric Aircraft Market Size, Growth Rate, And Forecast
The global more electric market size is expected to grow from $2.50 billion in 2022 to $2.86 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The more-electric market size is expected to grow to $4.80 billion in 2027 at a CAGR of 13.8%.
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More Electric Aircraft Market Drivers
The increase air passenger traffic is expected to propel the growth of the more-electric aircraft market going forward. Air passenger traffic refers to the number of passengers in an aircraft. More electric aircraft are used to carry commercial and business passengers with advanced features such as computer-controlled, electrically driven propellers.
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More Electric Aircraft Market Segments
1) By Type: Fixed Wing, Rotary Wing, or Hybrid Wing
2) By Aircraft System: Propulsion System, Airframe System
3) By Application: Power Generation, Power Distribution, Power Conversion, and Energy Storage
4) By End User: Civil, Military
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the More Electric Aircraft market.
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More Electric Aircraft Market Key Players
Major players in the more electric aircraft market are AMETEK Inc., BAE Systems Plc, Bombardier Inc., Elbit Systems Ltd., GE Aviation, Honeywell International Inc., Raytheon Technologies Corporation, Rolls-Royce Holdings Plc, Safran S.A., Thales Group, Boeing Co., Airbus S.A.S., Lockheed Martin, Parker-Hannifin Corp., and Eaton Corporation.
The Business Research Company's "Global More Electric Aircraft Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The More Electric Aircraft Market Include:
1. More Electric Aircraft Market Executive Summary
2. More Electric Aircraft Market Segments
3. More Electric Aircraft Market Size And More Electric Aircraft Market Growth Rate
4. Key More Electric Aircraft Market Trends
5. Major More Electric Aircraft Market Drivers
……
25. Key Mergers And Acquisitions In The More Electric Aircraft Market
26. Top More Electric Aircraft Companies
27. More Electric Aircraft Market Opportunities And Strategies
28. More Electric Aircraft Market, Conclusions And Recommendations
29. Appendix
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