More Electric Aircraft Market Size, Share, Analysis, Trends, Growth Report, 2032
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
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 4.64 Billion | USD 13.39 Billion | 12.5% | 2023 |
Table Of Content
- Chapter 1.Preface
- 1.1.Report Description
- 1.2.Report Scope
- Chapter 2.Research Methodology
- 2.1.Research Methodology
- 2.2.Secondary Research
- 2.3.Primary Research
- 2.4.Models
- 2.4.1.Company Share Analysis Model
- 2.4.2.Revenue Based Modeling
- 2.5.Research Limitations
- Chapter 3.Executive Summary
- 3.1.Global More Electric Aircraft Market, 2016 – 2019 (USD Million)
- 3.2.Global More Electric Aircraft Market: Snapshot
- Chapter 4.More Electric Aircraft Market – Industry Analysis
- 4.1.Introduction
- 4.2.Market Drivers
- 4.2.1.Driving Factor 1 Analysis
- 4.2.2.Driving Factor 2 Analysis:
- 4.3.Market Restraints
- 4.3.1.Restraining Factor Analysis
- 4.4.Market Opportunities
- 4.4.1.Market Opportunity & Use-case Anaysis
- 4.4.2.Use – Cases for More Electric Aircraft
- 4.5.Porter’s Five Forces Analysis
- 4.6.COVID 19 Impact Analysis
- 4.6.1.1.Impact on Product Development and Technology Adoption
- 4.6.1.2.Gap Analysis
- Chapter 5.Investment Proposition Analysis
- 5.1.Global More Electric Aircraft Market Attractiveness, By Platform
- 5.2.Global More Electric Aircraft Market Attractiveness, By System
- 5.3.Global More Electric Aircraft Market Attractiveness, By Application
- 5.4.Global More Electric Aircraft Market Attractiveness, By Region
- Chapter 6.Competitive Landscape
- 6.1.Company Market Share Analysis - 2019
- 6.1.1.Global More Electric Aircraft Market: Company Market Share, 2019
- 6.2.Strategic Developments
- 6.1.Company Market Share Analysis - 2019
- Chapter 7.More Electric Aircraft Market – Platform Segment Analysis
- 7.1.Global More Electric Aircraft Market Overview: by Platform
- 7.1.1.Global More Electric Aircraft Market Revenue Share, by Platform, 2019 & 2026
- 7.2.Global More Electric Aircraft Market Analysis/Overview – By Platform
- 7.2.1.Fixed Wing – Overview/Analysis
- 7.2.2.Rotary Wing – Overview/Analysis
- 7.3.Fixed Wing
- 7.3.1.Global More Electric Aircraft Market for Fixed Wing, Revenue (USD Million) 2016 - 2019
- 7.4.Rotary Wing
- 7.4.1.Global More Electric Aircraft Market for Rotary Wing, Revenue (USD Million) 2016 - 2019
- 7.1.Global More Electric Aircraft Market Overview: by Platform
- Chapter 8.More Electric Aircraft Market – System Segment Analysis
- 8.1.Global More Electric Aircraft Market Overview: by System
- 8.1.1.Global More Electric Aircraft Market Revenue Share, by System, 2019 & 2026
- 8.2.Global More Electric Aircraft Market Analysis/Overview – By System
- 8.2.1.Power Electronics – Overview/Analysis
- 8.2.2.Energy Storage Equipment – Overview/Analysis
- 8.2.3.Thermal Management System – Overview/Analysis
- 8.3.Power Electronics
- 8.3.1.Global More Electric Aircraft Market for Power Electronics, Revenue (USD Million) 2016 - 2019
- 8.4.Energy Storage Equipment
- 8.4.1.Global More Electric Aircraft Market for Energy Storage Equipment, Revenue (USD Million) 2016 - 2019
- 8.5.Thermal Management System
- 8.5.1.Global More Electric Aircraft Market for Thermal Management System, Revenue (USD Million) 2016 - 2019
- 8.1.Global More Electric Aircraft Market Overview: by System
- Chapter 9.More Electric Aircraft Market – Application Segment Analysis
- 9.1.Global More Electric Aircraft Market Overview: by Application
- 9.1.1.Global More Electric Aircraft Market Revenue Share, by Application, 2019 & 2026
- 9.2.Global More Electric Aircraft Market Analysis/Overview – By Application
- 9.2.1.Power Distribution – Overview/Analysis
- 9.2.2.Flight Contrul & Operations – Overview/Analysis
- 9.2.3.Passenger Comfort – Overview/Analysis
- 9.2.4.Air Pressurization & Conditioning – Overview/Analysis
- 9.3.Power Distribution
- 9.3.1.Global More Electric Aircraft Market for Power Distribution, Revenue (USD Million) 2016 - 2019
- 9.4.Flight Contrul & Operations
- 9.4.1.Global More Electric Aircraft Market for Flight Contrul & Operations, Revenue (USD Million) 2016 - 2019
- 9.5.Passenger Comfort
- 9.5.1.Global More Electric Aircraft Market for Passenger Comfort, Revenue (USD Million) 2016 - 2019
- 9.6.Air Pressurization & Conditioning
- 9.6.1.Global More Electric Aircraft Market for Air Pressurization & Conditioning, Revenue (USD Million) 2016 - 2019
- 9.1.Global More Electric Aircraft Market Overview: by Application
- Chapter 10.More Electric Aircraft Market – Regional Analysis
- 10.1.Global More Electric Aircraft Market: Regional Overview
- 10.1.1.Global More Electric Aircraft Market Revenue Share, by Region, 2019 & 2026
- 10.1.2.Global More Electric Aircraft Market Revenue, by Region, 2016 – 2019 (USD Million)
- 10.2.North America
- 10.2.1.North America More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
- 10.2.2.North America More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
- 10.2.3.North America More Electric Aircraft Market Revenue, by Platform, 2016 – 2019
- 10.2.4.North America More Electric Aircraft Market Revenue, by System, 2016 – 2019
- 10.2.5.North America More Electric Aircraft Market Revenue, by Application, 2016 – 2019
- 10.2.6. U.S.
- 10.2.7.Canada
- 10.2.8.Mexico
- 10.3.Europe
- 10.3.1.Europe More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
- 10.3.2.Europe More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
- 10.3.3.Europe More Electric Aircraft Market Revenue, by Platform, 2016 – 2019
- 10.3.4.Europe More Electric Aircraft Market Revenue, by System, 2016 – 2019
- 10.3.5.Europe More Electric Aircraft Market Revenue, by Application, 2016 – 2019
- 10.3.6.Germany
- 10.3.7.France
- 10.3.8. U.K.
- 10.3.9.Italy
- 10.3.10.Spain
- 10.3.11.Rest of Europe
- 10.4.Asia Pacific
- 10.4.1.Asia Pacific More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
- 10.4.2.Asia Pacific More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
- 10.4.3.Asia Pacific More Electric Aircraft Market Revenue, by Platform, 2016 – 2019
- 10.4.4.Asia Pacific More Electric Aircraft Market Revenue, by System, 2016 – 2019
- 10.4.5.Asia Pacific More Electric Aircraft Market Revenue, by Application, 2016 – 2019
- 10.4.6.China
- 10.4.7.Japan
- 10.4.8.India
- 10.4.9.South Korea
- 10.4.10.Rest of Asia Pacific
- 10.5.Latin America
- 10.5.1.Latin America More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
- 10.5.2.Latin America More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
- 10.5.3.Latin America More Electric Aircraft Market Revenue, by Platform, 2016 – 2019
- 10.5.4.Latin America More Electric Aircraft Market Revenue, by System, 2016 – 2019
- 10.5.5.Latin America More Electric Aircraft Market Revenue, by Application, 2016 – 2019
- 10.5.6.Brazil
- 10.5.7.Rest of Latin America
- 10.6.The Middle-East and Africa
- 10.6.1.The Middle-East and Africa More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
- 10.6.2.The Middle-East and Africa More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
- 10.6.3.The Middle-East and Africa More Electric Aircraft Market Revenue, by Platform, 2016 – 2019
- 10.6.4.The Middle-East and Africa More Electric Aircraft Market Revenue, by System, 2016 – 2019
- 10.6.5.The Middle-East and Africa More Electric Aircraft Market Revenue, by Application, 2016 – 2019
- 10.6.6.GCC Countries
- 10.6.7.South Africa
- 10.6.8.Rest of Middle-East Africa
- 10.1.Global More Electric Aircraft Market: Regional Overview
- Chapter 11.Company Profiles
- 11.1.Raytheon Company
- 11.1.1.Company Overview
- 11.1.2.Financial Overview
- 11.1.3.Product Portfolio
- 11.1.4.Business Strategy
- 11.1.5.Recent Developments
- 11.2.Boeing
- 11.3.Zodiac Aerospace
- 11.4.Airbus S.A.S
- 11.5.Lockheed Martin
- 11.6.United Technologies Corporation
- 11.7.Honeywell International Inc.
- 11.8.Thales Group
- 11.9.Safran SA
- 11.1.TTTech Computertechnik AG
- 11.11.Bombardier
- 11.12.United Technologies Corporation
- 11.13.Thales Group
- 11.1.Raytheon Company
Table Of Figures
List of Figures
FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global More Electric Aircraft Market
FIG. 6 Global More Electric Aircraft Market Attractiveness, By Platform
FIG. 7 Global More Electric Aircraft Market Attractiveness, By System
FIG. 8 Global More Electric Aircraft Market Attractiveness, By Application
FIG. 9 Global More Electric Aircraft Market Attractiveness, By End-User
FIG. 10 Company Share Analysis, 2019
FIG. 11 Global More Electric Aircraft Market Revenue Share, by Platform, 2019 & 2026
FIG. 12 Global More Electric Aircraft Market for Fixed Wing, Revenue (USD Million) 2016 - 2019
FIG. 13 Global More Electric Aircraft Market for Rotary Wing, Revenue (USD Million) 2016 - 2019
FIG. 14 Global More Electric Aircraft Market Revenue Share, by System, 2019 & 2026
FIG. 15 Global More Electric Aircraft Market for Power Electronics, Revenue (USD Million) 2016 - 2019
FIG. 16 Global More Electric Aircraft Market for Energy Storage Equipment, Revenue (USD Million) 2016 - 2019
FIG. 17 Global More Electric Aircraft Market for Thermal Management System, Revenue (USD Million) 2016 - 2019
FIG. 18 Global More Electric Aircraft Market Revenue Share, by Application, 2019 & 2026
FIG. 19 Global More Electric Aircraft Market for Power Distribution, Revenue (USD Million) 2016 - 2019
FIG. 20 Global More Electric Aircraft Market for Flight Control & Operations, Revenue (USD Million) 2016 - 2019
FIG. 21 Global More Electric Aircraft Market for Passenger Comfort, Revenue (USD Million) 2016 - 2019
FIG. 22 Global More Electric Aircraft Market for Air Pressurization & Conditioning, Revenue (USD Million) 2016 - 2019
FIG. 23 Global More Electric Aircraft Market Revenue Share, by Region, 2019 & 2026
FIG. 24 North America More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 25 Europe More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 26 Asia Pacific More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 27 Latin America More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 28 The Middle-East and Africa More Electric Aircraft Market Revenue, 2016 - 2019 (USD Million)
FIG. 29 Raytheon Company Business Segment Revenue Share, 2018 (%)
FIG. 30 Raytheon Company Geographical Segment Revenue Share, 2018 (%)
Table Of Tables
List of Tables
TABLE 1 Global More Electric Aircraft Market: Snapshot
TABLE 2 Drivers of the More Electric Aircraft Market: Impact Analysis
TABLE 3 Restraints for the More Electric Aircraft Market: Impact Analysis
TABLE 4 Global More Electric Aircraft Market Revenue, by Region, 2016 – 2019 (USD Million)
TABLE 5 North America More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
TABLE 6 North America More Electric Aircraft Market Revenue, by Platform, 2016 – 2019 (USD Million)
TABLE 7 North America More Electric Aircraft Market Revenue, by System, 2016 – 2019 (USD Million)
TABLE 8 North America More Electric Aircraft Market Revenue, by Application, 2016 – 2019 (USD Million)
TABLE 9 Europe More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
TABLE 10 Europe More Electric Aircraft Market Revenue, by Platform, 2016 – 2019 (USD Million)
TABLE 11 Europe More Electric Aircraft Market Revenue, by System, 2016 – 2019 (USD Million)
TABLE 12 Europe More Electric Aircraft Market Revenue, by Application, 2016 – 2019 (USD Million)
TABLE 13 Asia Pacific More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
TABLE 14 Asia Pacific More Electric Aircraft Market Revenue, by Platform, 2016 – 2019 (USD Million)
TABLE 15 Asia Pacific More Electric Aircraft Market Revenue, by System, 2016 – 2019 (USD Million)
TABLE 16 Asia Pacific More Electric Aircraft Market Revenue, by Application, 2016 – 2019 (USD Million)
TABLE 17 Latin America More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
TABLE 18 Latin America More Electric Aircraft Market Revenue, by Platform, 2016 – 2019 (USD Million)
TABLE 19 Latin America More Electric Aircraft Market Revenue, by System, 2016 – 2019 (USD Million)
TABLE 20 Latin America More Electric Aircraft Market Revenue, by Application, 2016 – 2019 (USD Million)
TABLE 21 The Middle-East and Africa More Electric Aircraft Market Revenue, by Country, 2016 – 2019 (USD Million)
TABLE 22 The Middle-East and Africa More Electric Aircraft Market Revenue, by Platform, 2016 – 2019 (USD Million)
TABLE 23 The Middle-East and Africa More Electric Aircraft Market Revenue, by System, 2016 – 2019 (USD Million)
TABLE 24 The Middle-East and Africa More Electric Aircraft Market Revenue, by Application, 2016 – 2019 (USD Million)
Methodology
FrequentlyAsked Questions
More Electric Aircraft refers to airplanes that replace many traditional mechanical, hydraulic, and pneumatic systems with electric-powered alternatives. In MEAs, systems such as flight control, landing gear, and environmental control systems are powered by electricity instead of older mechanical systems.
Need for reducing operational as well as maintenance costs to a large extent in aircraft will boost the more electric aircraft market trends. Apart from this, a massive requirement for fuel conserving, lightweight and durable airplane coupled with the necessity of minimizing maintenance & operating expenditure will vitalize the growth of the business over the years to come.
According to a study, the global more electric aircraft Industry size was $4.64 Billion in 2023 and is projected to reach $13.39 Billion by the end of 2032.
The global more electric aircraft market is expected to grow at a CAGR of 12.5% during the forecast period.
North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
More electric aircraft market in Europe is projected to witness a humungous surge due to the enforcement of strict laws addressing the need for curbing fuel emissions from aircraft.
Some of the major participants in more electric aircraft market are Raytheon Company, Boeing, Zodiac Aerospace, Airbus S.A.S, Lockheed Martin, United Technologies Corporation, Honeywell International Inc., Thales Group, Safran SA, TTTech Computertechnik AG, Bombardier, United Technologies Corporation, and Thales Group.
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List of Contents
Market InsightsMarket:OverviewWhat is a (MEA)?Market:Growth FactorsMarket:SegmentationReport ScopeMarket:Regional InsightsMarket:Competitive SpaceThe ZMR-published market research report segments the global more electric aircraft market as follows:By Platform:By Technology:By Application:Regional Segment AnalysisNorth AmericaRelatedNews
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