More Electric Aircraft Market worth $10.94 Billion by 2021

1
More Electric Aircraft
10.94 Billion by 2021
Market
worth
This report provides the market analysis of the
more electric aircraft market for the next five
years. It discusses industry and technology
trends that are currently prevailing in the
market, along with analyzing drivers,
restraints, challenges, and threats to the
market. The more electric aircraft market is
projected to grow from USD 7.68 billion in 2016
to USD 10.94 billion by 2021, at a CAGR of 7.33
during the forecast period. Demand for
environment-friendly, highly efficient, low
maintenance, and reliable aircrafts is driving
the more electric aircraft market globally.
Growth of air passenger traffic in developing
countries, such as China and India, has also
increased the demand for fuel efficient low cost
carriers (LCCs). This has encouraged
manufacturers of more electric aircraft and
electrical components to invest in developing
countries. Download Sample of this
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this report. The concept of more electric
aircraft has led to the introduction of
innovative technologies that are cost effective
and environmentally friendly. For instance, the
E-taxiing systems help move an aircraft on
ground before take-off or after landing with
electric motors without the support of engines.
It saves considerable amount of fuel that is
burnt by aircraft as they taxi to and from the
runway, and also reduces emissions from taxiing
aircraft. The more electric aircraft architecture
consists of an electric cabin pressurization
system in which the compressors are driven by
electric energy to provide the cabin
pressurization function, with fresh air carried
on board via dedicated cabin air inlets. This
method is more efficient than the traditional
bleed system, as it avoids excessive energy
extraction from engines. Based on technology,
the power electronics segment of the more
electric aircraft market is estimated to grow at
a high rate during the forecast period, due to
increase in the number of aircraft deliveries.
Demand for better power electronics has been
driving the more electric aircraft market. For
instance, Boeing is expected to deliver 5,930
new aircraft by 2035. They include B737 Max,
747-8, and 787 Dreamliner, which are fitted with
more electric architecture. These aircraft use
various kinds of power electronics, which will
lead to growth of the power electronics segment.
On the basis of application,
2
the power generation management segment of the
market is projected to grow at a rapid pace
during the forecast period. The more electric
aircraft market in Europe is expected to grow at
the highest rate during the forecast period.
This growth can be attributed to the presence of
large OEMs (original equipment manufacturers)
and OCMs (original component manufacturers), such
as Safran SA (France) and Airbus Group
(Netherlands) in the region. Speak to
Analyst https//www.marketsandmarkets.com/speakto
analyst.asp?id138024896 About
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