More Electric Aircraft Market Growth Predictions for 2022-2027

1. MoreElectricAircraftMarketGrowth Predictions for2022-2027 According to a recent report, the More Electric Aircraft Marketis projected to grow fromUSD4.1Billionin2022toUSD7.3Billionby2027,ataCAGRof12.6%during theforecastperiod.Thisgrowthisdrivenbyseveralfactors,includingadvancements in high-density battery solutions, the expansion of sophisticated power electronic components, andthe development of alternative power sources for electric power production. The aviation industryis constantly looking for improve evolvingand new ways to aircraft reduce and performance, operational maintenance costs,and lower emissions andnoise pollution. One solution to these challenges is the development of more electric aircraft,whichrelyonelectricalpowersystemsinsteadoftraditionalmechanicaland hydraulicsystems. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138024896 Thereportalsonotesthatthemoreelectricaircraftmarketisfurthersegmented into fixed-wing and rotary-wing aircraft based on aircraft type. The development of more dependable and efficient auxiliary power supply systems is needed to drive fixed- wing aircraft, while recent technical improvements in the realm of power electronics and flight control system operations are expected to drive the expansion of rotary- wingaircraft. Furthermore, the market is classified into civil and military based on end-user. The demand for more electric civil airplanes for carrying passengers and freight has expanded tremendously, while the rising usage of the developed electrical system in military tactical airlifters for airborne refueling and medical evacuation is likely to drive marketexpansion. The analysis of the regional market for more electric aircraft has been conducted acrossNorthAmerica,Europe,AsiaPacific,MiddleEast&Africa,andLatinAmerica. The European market holds the largest market share and is expected to grow at the highest CAGR during the forecasted period. This is attributed to the presence of key players and OEMs such as Airbus, Thales Group, and Safran S.A. These systemand componentmanufacturersareprominentcompaniesintheregionandhavepotential customers worldwide. The Asia-Pacific market is expected to witness significant growth during the forecast period, with countries like China and Japan expected to remainimportantparticipantsinthemarket.India,ontheotherhand,isemerging

2. as the fastest-growing market for more electric civil aircraft during the same period, driven by its strong expansion in the commercial aviationsector. Key MarketPlayers ThemoreelectricaircraftmarketisdominatedbykeyplayerssuchasAMETEK(US), Safran (France), Astronics Corporation (US), Amphenol Corporation (US), Honeywell International, Inc (US), Meggitt (UK), Safran S.A. (France), Rolls Royce Plc (UK), Raytheon Technologies Corporation (US), Thales Group (France), and General Electric(US). News Also Covered: https://www.prnewswire.com/news-releases/more-electric- aircraft-market-worth-7-3-billion-by-2027---exclusive-report-by- marketsandmarkets-301672627.html AboutMarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth forclients. TheB2Beconomyiswitnessingtheemergenceof$25trillionofnewrevenuestreams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Contact: Mr. Aashish Mehra MarketsandMarkets™INC. 630 DundeeRoad Suite 430 Northbrook, IL60062 USA:1-888-600-6441