5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The More Electric Aircraft Market is Segmented by Application (Commercial, Military, General Aviation), and Geography.
Fastest Growing Market:
Greater Than 6 %
The more electric aircraft market is projected to grow with a CAGR of more than 6% during the forecast period (2020 - 2025).
In More Electric Aircraft (MEA), electrical systems replace most of the pneumatic systems found on traditional commercial airplanes. In the traditional aircraft, the engines cater to the power requirements of the majority of the of the secondary airplane systems using the bleed air, whereas, in the no-bleed architecture found in the MEA, the engines provide the power to the shaft-driven generators which cater to the power needs of the majority of airplane systems. In More electric Aircraft, the hydraulic systems are driven by the engine, and electric-motor-driven hydraulic pumps and the electrical systems are driven by the engine and auxiliary-power-unit (APU)-driven generators.
Report scope can be customized per your requirements. Click here.
To understand key trends, Download Sample Report
The market for more electric aircraft is currently large in North America, due to a large number of aircraft deliveries, incorporating more electric architecture, to the United States. Lockheed Martin Corporation, in 2018, delivered 91 F-35 fighter jets to the United States and its allies. The increasing environmental concerns and the implementation of stringent regulations for aircraft emissions are also the major factors responsible for the dominance of the MEA market in the region. Aircraft OEMs are funding R&D projects, even at the university level, for developing technologies for the more electric aircraft industry. In February 2018, researchers at the University of Maryland received a new round of funding from Boeing to develop an innovative GaN (Gallium Nitride) semiconductor-based modular power electronic solution for more electric aircraft.
To understand geography trends, Download Sample Report.
The Boeing Company, Airbus SE, Lockheed Martin Corporation, Textron Inc., Elbit Systems Ltd are some of the prominent players in the market. Research is being carried out to develop advanced more electric architecture platforms. For instance, in April 2019, Collins Aerospace (United Technologies Corporation) unveiled its lab, 'The Grid', which is the industry’s most advanced electric power systems laboratory. Systems, like high-power generators, will be designed and tested in the lab for the next generation of more electric aircraft, including commercial, military, business aviation, UAV, and urban air mobility platforms. The more electric approach has allowed the aircraft industry to reduce loss in propulsion thrust by around 60%, just by converting pneumatic/hydraulic/mechanical actuator systems into power electronics. Thus, the ongoing developments in terms of electric actuation systems are expected to bring additional opportunities for the existing players to increase the percentage of electric architecture in their aircraft, thereby attracting further customers in the years to come.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.3 General Aviation
5.2.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.2.4 Latin America
18.104.22.168 Rest of Latin America
5.2.5 Middle-East and Africa
22.214.171.124 United Arab Emirates
126.96.36.199 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 The Boeing Company
6.2.2 Airbus SE
6.2.3 Lockheed Martin Corporation
6.2.4 Safran SA
6.2.5 Honeywell International Inc.
6.2.6 Raytheon Company
6.2.7 Collins Aerospace (United Technologies Corporation)
6.2.8 General Electric Company
6.2.9 Moog Inc.
6.2.10 Parker-Hannifin Corp
7. MARKET OPPORTUNITIES AND FUTURE TRENDS