More Electric Aircraft Market Growth and Analysis by 2021

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More Electric Aircraft Market Growth and
Analysis by 2021
The report "More Electric Aircraft Market by
Technology (Power Electronics, Thermal
Management, Energy Storage Others), Application
(Power Generation, Passenger Comfort, Air
Pressurization Others) Platform (Fixed Wing,
Rotary Wing), and Region - Global Forecast to
2021", published by MarketsandMarkets, the more
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 from 2016 to 2021. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfd
ownloadNew.asp?id138024896 Browse 72 market
data Tables and 60 Figures spread through 142
Pages and in-depth TOC on "More Electric
Aircraft Market" http//www.marketsandmarkets.com
/Market- Reports/more-electric-aircraft-market-
138024896.html Early buyers will receive 10
customization on this report. Decrease in
aircraft operating and maintenance cost,
reduction in carbon emission and airport noise,
and the need for optimized aircraft performance
are the major factors driving the more electric
aircraft market. The use of electric power in
airframe systems saves fuel and helps in cost
reduction. The more electric aircraft
architecture also helps in reducing maintenance
costs as it requires fewer moving or non-moving
parts, as compared to the conventional aircraft
systems. These factors have led to the
manufacturing of aircraft engines and
architecture with improved electric
components. Power electronics segment projected
to lead the more electric aircraft market during
the forecast period Based on technology, the
power electronics segment is expected to account
for the largest market share during the forecast
period. The more electric aircraft uses
electrical energy instead of hydraulic,
pneumatic, and mechanical means to power
virtually all its subsystems, including flight
control actuation, environmental control system,
and utility function. Power electronics help
improve both the generator's (mechanical to
electric) and actuator's (electric to mechanical)
energy conversions and also enable better energy
regeneration. Power electronics also helps in
reducing
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weight, is easier to maintain, and provides more
controllability and intelligence which includes
fault detection and diagnosis. Power generation
management segment expected to grow at the
fastest rate during the forecast period Power
generation and management plays an important role
in the more electric aircraft architecture. With
the growing aircraft electrical system power
levels, the diversity of the power generation
types is increasing as well. Upcoming advanced
technologies and increasing application of more
electric architecture for different functions by
various OEMs in their aircraft are expected to
propel the demand for power generation management
systems during the forecast period. North
America estimated to be the largest market for
more electric aircraft North America is
estimated to lead the More Electric Aircraft
Market, owing to technological advancements in
more electric aircraft and presence of key
players, such as General Electric Co. (U.S.) and
United Technologies Corporation (U.S.) in the
region. Economic growth, expansion of commercial
military aviation, and space missions by
various space agencies are factors driving the
North American more electric aircraft market.
Growth of the North American more electric
aircraft market in military aviation application
can be attributed to the growing military
modernization programs, which include increased
procurement of spacecraft, manned unmanned
aircraft, and helicopters, among others. Inquiry
before buying _at_ http//www.marketsandmarkets.com/
Enquiry_Before_Buying.asp?id138024896 General
Electric Co. (U.S.), United Technologies
Corporation (U.S.), Rolls-Royce Holdings plc.
(U.K.), and Honeywell International, Inc. (U.S.),
are the key players operating in the more
electric aircraft market. A market share
analysis has been carried out by tracking all
products of key market players, their
geographical presence, and recent
developments. About MarketsandMarkets Marketsand
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