Global More Electric Aircraft Market Estimated To Drive At 12.5% CAGR Between 2024 And 2032

Based on the comprehensive market analysis carried out by Zion Market Research, the global more electric aircraft market report exhibits the anticipated market growth rate of almost 12.5% throughout the projected period. As per the anticipations, the global market reached over USD 4.64 Billion in 2023 and is estimated to grow nearly USD 13.39 Billion by 2025.

Some of the crucial factors that significantly propel the global more electric aircraft market are reduction in operational and maintenance cost for aircraft, significant limit in CO2 & noise emission, and the keen requirement of aircraft with high efficiency. Cost and maintenance reduction involves the exploitation of electric power in airframe systems that would consume considerably less fuel and need fewer mechanical parts, as compared to the gas-propelled aircraft systems.

The global more electric aircraft market serves a huge platform loaded with a considerable number of opportunities for the key players to acquire a dominating position. A few global leading competitors operating the market are Rolls-Royce Holdings plc., General Electric Co., Honeywell International Inc., and United Technologies Corporation. The market report thoroughly illustrates the geographical existence, recent developments, and revenue generation by the key contenders.

The global more electric aircraft market report demonstrates the projected situation of the global market by comprehensively analyzing it based on the current status and futuristic growth trends. For effective analysis, the global market is bifurcated on the basis of platform, technology, geography, and application. By platform, the global more electric aircraft market is segmented into rotary wing aircraft and fixed wing aircraft. Defense aircraft, commercial aircraft, and remotely piloted aerial vehicles are the sub-segments of the fixed wing aircraft segment. Based on the technology, the more electric aircraft is equipped with safety systems, thermal management systems, power electronics, and energy storage devices. By application, the more electric aircraft are used in various domains such as configuration management, passenger comfort, power generation management, flight control & command, and air conditioning & pressurization.

Power Electronics Technology Likely To Dominate In The Electric Aircraft Market Throughout The Projected Phase

The use of electrical energy rather than mechanical, pneumatic, and hydraulic energy in the more electric aircraft can help improve both actuator's and generator's energy conversions, i.e., from electric to mechanical and vice versa.  Moreover, the power electronics technology helps in slashing significant weight, provides more intelligence & controllability, and is easier to maintain.

North America Projected To Sustain The Dominating Position In The Global More Electric Aircraft Market

As the majority of key players in the more electric aircraft market, such as United Technologies Corporation and General Electronics Co., are headquartered in North America, the region is likely to attain the leading position across the globe. Some other factors that push North America ahead of other regions are its extensive economic growth, multiple space missions launched by various US-based space missions, and the expansion of military & commercial aviation.

Browse the full “More Electric Aircraft Market by Platform (Fixed Wing, Rotary Wing) System (Power Electronics, Energy Storage Equipment, Thermal Management System) Application (Power Distribution, Flight Control & Operations, Passenger Comfort, Air Pressurization & Conditioning): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” Report at https://www.zionmarketresearch.com/report/more-electric-aircraft-market

The ZMR-published market research report segments the global more electric aircraft market as follows:

By Platform:

• Rotary Wing
• Fixed Wing

By Technology:

• Safety Systems
• Thermal Management Systems
• Power Electronics
• Energy Storage Devices

By Application:

• Configuration Management
• Passenger Comfort
• Power Generation Management
• Flight Control & Command
• Air Conditioning And Pressurization

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com