More Electric Aircraft Market

More Electric Aircraft Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
More Electric Aircraft Market 2018
More Electric Aircraft Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
More Electric Aircraft (MEA) approach is widely accepted & adopted worldwide mainly due to the growing ecological concerns. MEAs are proving to be
effective in enabling the aircraft industry to witness significant improvements in terms of reducing aircraft weight, fuel consumption, enhancing aircraft
reliability & maintenance reducing the total life cycle costs.
Planes powered by carbon-based fuels like kerosene/gasoline are capable enough to carry a significant weight, providing the vast power required to lift
large commercial airliners on journeys across the globe. However, their higher energy consumption, NOX emission, noise & Air pollution is taking its
toll on quality of life. Also, with depleting oil resources & increasing greenhouse gas emissions penalties, the future of aviation is dependent on finding an
alternative power source. Electrically powered aircraft is certainly the answer, accomplishing the objectives mentioned above.
MEAs have evolved tremendously over the past couple of decades and the ones on Airbus 380, Lockheed F35 and Boeing 787 are the most outstanding
MEAs. These aircrafts have developed mainly focusing upon replacing the secondary energy sources like hydraulic or pneumatic systems with an electric
one. Recent research and development indicate that MEA will develop significantly further and progress into innovating the primary energy source. This
will further increase the already growing global More Electric Aircraft market.
More Electric Aircraft Market 2018
“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100
numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “More Electric Aircraft
Market Research Report - Global Forecast 2023”
Industry/ Innovation/ Related News:
February 15, 2018 – Eviation Aircraft Ltd. (Israel) a Electric airplane manufacturing start-up announced that it has partnered with Kokam (South Korea)
a leading battery supplier to develop its 9-seat commuter aircraft scheduled to fly by 2023.
February 02, 2018 – Zunum Aero (US) announced commencement of building its first prototype electric airplane motor, and plans to put an upgraded
version on a test aircraft in 2019. The company also mentioned that it is working on a new class of regional airplanes with hybrid electric propulsion
systems, & scheduled to commence the service in 2022. The project is backed by the companies like JetBlue, Boeing including other investors.
January 28, 2018 – Extra Aircraft Company (Germany) announced the actuation of two new seats in its electric aircraft - Extra 330LE. Matted to a
Siemens electric motor the new ePlane soars up to 3,000 mtrs. in just 4.22 minutes, with a climbing rate of 11.5 m/s. The Extra 330LE is officially
recognized by the FAI (Fédération Aéronautique Internationale) and has already created the best performance world record in November 2016.
More Electric Aircraft Market 2018
More Electric Aircraft have been proved effective in reducing the overall cost with the improved operations while being gentle on the environment
reducing the carbon footprints. Other factors like increasing number of aircraft deliveries and the demand for fuel-efficient aircraft with less carbon
emission etc. are some of the major market growth propelling factors. Prominent trend of the market observed during the analysis is shift to fuel cells
On the other hand, factors such as issues pertaining to the electrical power system along with the issues of electrical generator associated with the civilian
and commercial usage of MEA are posing challenges to the market growth. Besides, heavy investments and lengthy clearance process required for
components upgrade are restricting the market growth. Nevertheless, some of the unique advantages of MEAs like reduced noise & air pollution coupled
with the demand for optimized aircraft performance will fuel the growth of the more electric aircraft market globally.
Technological advancements transpired in power electronics, electro-hydrostatic actuators, fault-tolerant architecture, high density electric motors, flight
control systems, power generation and conversion systems; have elevated the market growth of the MEA. Leverage to this trend of technological
development aircraft OEMs are increasingly collaborating with their suppliers to design new systems and implement new electrical-intensive architectures.
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More Electric Aircraft Market 2018
Application & Major Players in this Research:
More Electric Aircraft Market Prominent Players:
Raytheon, Safran,
Honeywell International,
The Boeing Company,
Thales Group,
United Technologies Corporation,
TT Tech Computer technik, and Zodiac Aerospace SA are some of the leaders driving the Global More Electric Aircraft Market.
Profiling those in its analysis MRFR finds out their strategies placing them at the forefront of completion..
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More Electric Aircraft Market 2018
More Electric Aircraft Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
In case of regional analysis of America, in 2013, there were 8,030 aircraft in service in America; 6,650 aircraft in North
America; and the remaining 1,380 aircraft in Latin America. The region is expected to witness demand for 10,500 new
aircraft over the next two decades.
The growing demand for MEA has resulted in the emergence of advanced technologies in the field of aerospace, such
as replacement of auxiliary power units with more efficient fuel cells to provide electricity on board. Another trend is
the development of more electric engines pioneered by Rolls-Royce that will better support MEA. The increased usage
of electrical components in aircraft is another trend in the market.
Aircraft manufacturers, such as Boeing and Airbus, are investing in new electrical technologies to reduce costs and
increase efficiency. This evolving trend in the presence of electrical systems in aircraft has led to the development of an
all-electric aircraft.
The global MEA market is highly competitive and vendors participate in variables of cost, reliability of product,
quality, and customer service. To sustain and succeed in such a competitive environment, it is very important for
vendors to provide cost-effective and high-quality MEA with the latest technology and materials.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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