More Electric Aircraft Market Growth Predictions for 2022-2027

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More Electric Aircraft Market Growth Predictions
for 2022-2027
According to a recent report, the More Electric
Aircraft Market is projected to grow from USD
4.1 Billion in 2022 to USD 7.3 Billion by 2027,
at a CAGR of 12.6 during the forecast period.
This growth is driven by several factors,
including advancements in high-density battery
solutions, the expansion of sophisticated power
electronic components, and the development of
alternative power sources for electric power
production. The aviation industry is
constantly looking for improve
evolving and
new ways to aircraft reduce and
performance, operational maintenance
costs, and

• lower emissions and noise
• pollution. One solution to these challenges is
  the development of more electric aircraft, which
  rely on electrical power systems instead of
  traditional mechanical and hydraulic systems.
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• The report also notes that the more electric
  aircraft market is further segmented 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- wing aircraft.
• 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 market expansion.
• The analysis of the regional market for more
  electric aircraft has been conducted across
  North America, Europe, Asia Pacific, Middle East
  Africa, and Latin America. 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 system and component
  manufacturers are prominent companies in the
  region and have potential customers worldwide.
  The Asia-Pacific market is expected to witness
  significant growth during the forecast period,
  with countries like China and Japan expected to
  remain important participants in the market.
  India, on the other hand, is emerging

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as the fastest-growing market for more electric
civil aircraft during the same period, driven by
its strong expansion in the commercial aviation
sector. Key Market Players The more electric
aircraft market is dominated by key players such
as AMETEK (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-rele
ases/more-electric- aircraft-market-worth-7-3-bil
lion-by-2027---exclusive-report-by-
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