Global More Electric Aircraft Market by Application (Commercial, Military and UAV), by Platform (Commercial Aircraft, UAV and Military Aircraft), and by Geography – Forecast To 2021
Study Objectives of More Electric Aircraft Market
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global More Electric Aircraft Market
- To provide insights about factors affecting the market growth
- To analyse the Global More Electric Aircraft Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country-level analysis of the market with respect to the current market size and future prospective
- To provide country-level analysis of the market for segment by types and applications
- To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
- To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global More Electric Aircraft Market
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- In 2015, the market was led by Americas with a share of around 35%, followed by EMEA with XX%, and APAC with XX%.
- Shift to usage of fuel cells is one of the major market trend in the global more electric aircraft market.
- In 2015, commercial application has 70% of the market share and will dominate the market in forecast period, followed by military and UAV platform
The leading market players in the global more electric aircraft market primarily include Airbus, Honeywell International, Raytheon, Safran, The Boeing Company, United Technologies Corporation, Thales Group, Zodiac Aerospace SA, Bombardier, and TTTech Computertechnik.
Market Synopsis of More Electric Aircraft Market
The global more electric aircraft market is expected to grow at a CAGR of around 4% during 2016-2021. This growth is driven due to production of next generation aircraft with more electric capabilities
As per the MRFR analysis, the use of electrical system has reduced the overall cost, thus result in improved operation. This also helps to control emission. The challenges associated with the market are the issues with electrical power system, issues in electrical generator associated with civilian and commercial usage of more electric aircraft.
The Americas is leading the global more electric aircraft market; however the demand has increased from emerging nations such as EMEA and Asia Pacific in relation to growing demand for more electric aircraft in civil as well as military aircraft.
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Market Segmentation of More Electric Aircraft Market
As per the MRFR analysis, the Americas More Electric Aircraft market is poised to reach $XX Billion in 2021, to grow at a CAGR of around 4% during the forecasted period. Whereas, EMEA and Asia Pacific will grow at a CAGR of around XX% and XX% respectively.
The market report for More Electric Aircraft of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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