More Electric Aircraft Market Growing Significantly During 2026 – The Host

According to TMR, the global more electric aircraft market is worth $ 7.10 billion in 2017 and is expected to reach $ 14.43 billion by 2026, with a CAGR of 8.2%. Optimized aircraft performance, reduced operation and maintenance costs, and increased aircraft deliveries are some of the factors driving the market growth. However, a large amount of investment and a longer customs clearance period are likely to hamper the profit limits.

More Electric Aircraft (MEA) provides for the use of electric power for all non-propellant systems. Traditionally, these non-propulsive systems are driven by a combination of different secondary energy sources such as hydraulic, pneumatic, mechanical and electrical. Adoption of the MEA concept is seen as an important tool for the aviation industry to unlock major improvements in aircraft weight, fuel consumption, total life cycle costs, aircraft maintainability and reliability. .

On the basis of platform, the unmanned aerial vehicle (UAV) segment represents the strongest growth during the forecast period. UAV is an unmanned aircraft on board. They can be controlled by on-board electronic equipment or via control equipment from the ground. When controlled remotely from the ground, it is called RPV (Remotely Piloted Vehicle) and requires reliable wireless communication for control. By geography, North America is experiencing significant growth in the size of the more electric aircraft market due to increased defense spending in the region.

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Major players in the more electric aircraft market include Rolls Royce, Honeywell International, Inc., Thales Group, Lockheed Martin, Zodiac Aerospace SA, Safran Sa, United Technologies Corporation, Airbus, Raytheon Company and Bombardier Inc.

Covered platforms:
• Commercial
• Defense
• Fixed wing
• Rotating wing
• Unmanned aerial vehicles (UAV)

Covered technologies:
• Security systems and advanced equipment
• Power electronics
• Energy storage devices
• Thermal management systems

Applications covered:
• Air pressurization and air conditioning
• Commercial
• Configuration management
• Flight controls and operations
• Military
• Passenger comfort
• Energy distribution
• Energy production management

Regions covered:
• North America
o United States
o Canada
• Europe
o Germany
o France
o Spain
o Rest of Europe
• Asia Pacific
o China
o New Zealand
o South Korea
o Rest of Asia-Pacific
• South America
o Argentina
o Chile
o Rest of South America
• Middle East and Africa
o Saudi Arabia
o United Arab Emirates
o Qatar
South Africa
o Rest of the Middle East and Africa

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What our report offers:
– Market share assessments for regional and national segments
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– Market forecasts for a minimum of 9 years of all mentioned segments, sub-segments and regional markets
– Market trends (drivers, constraints, opportunities, threats, challenges, investment opportunities and recommendations)
– Strategic analysis: drivers and constraints, product / technology analysis, Porter’s five forces analysis, SWOT analysis, etc.
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