More Electric Aircraft Market Statistics, Opportunities and Forecast to 2025

1. More electric aircraft (MEA) is a concept that involves the use of electric power (as opposed to pneumatic and hydraulic sources of power) for all non-propulsive systems in an aircraft. The use of electric power reduces the weight, consumption, greenhouse emissions of an aircraft. systems also help cut down the assembly and maintenance aircraft and faster manufacturing. By application, market is segmented into power generation, power distribution, conversion, and energy helps overall fuel and Electrical costs facilitate of the MEA power storage. The More Electric Aircraft Market is estimated to be USD 1.5 billion in 2020 and is projected to reach USD 3.3 billion by 2025, at a CAGR of 17.4% during the forecast period. Recent technological advancements in the field of power electronics, fault-tolerant architecture, electro-hydrostatic actuators, flight control systems, high-density electric motors, and power generation and conversion systems have fuelled the adoption of MEA. Advancements in high-density battery solutions and the need for the optimization of aircraft performance are other factors fuelling the growth of the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=138024896 Based on aircraft system, the airframe system segment is estimated to dominate the more electric aircraft market in 2020. Airframe systems include environmental control system, accessory drive system, landing gear system, power management system, cabin interior system, and flight control system. Increasing modification in the airframe systems is expected to fuel the growth for more electric aircraft. Based on the application, the market has been segmented into power generation, power distribution, power conversion and energy storage. The growth of the more electric aircraft market across the globe can be attributed to the increased focus on reducing operational costs, emissions, and aircraft noise. Based on the aircraft type, the market has been segmented into fixed wing and rotary wing. The fixed wing segment accounts for the largest market size during the forecast period. Growth in the Asia-Pacific fixed wing market is primarily driven by increase in international as well as domestic passenger movement which lead to raise the demand for fuel efficient aircraft. Enhancement in aircraft performance by providing

2. efficient electrical components is a significant factor contributing to the growth of the market. Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=138024896 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441