More Electric Aircraft Market Size, Share, Trends and Global Forecast to 2025

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The report "More Electric Aircraft Market by End
User (Civil, Military), Aircraft System,
Component, Application (Power Generation, Power
Distribution, Power Conversion, Energy
Storage), Aircraft Type (Fixed Wing, Rotary
Wing), Region - Global Forecast to 2025", 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 period. Recent
the forecast technological the field of
advancements in
power electronics, fault-tolerant architecture,
electro-hydrostatic actuators, flight control
systems, high-density electric motors, and power
generation and conversion systems have fueled the
adoption of MEA. Browse 311 market data Tables
and 63 Figures spread through 274 Pages and
in-depth TOC on "More Electric Aircraft Market -
Global Forecast to 2025" Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id138024896 COVID-19 impact on the More
Electric Aircraft Market The COVID-19 pandemic
has impacted the more electric aircraft market
significantly. Due to the closure of borders and
air travel restrictions globally, many companies
in the more electric aircraft market were
compelled to halt manufacturing. This break in
business operations is directly influencing the
revenue of the more electric aircraft market.
Even though some industries continued operations,
delays in raw material supplies and the limited
supply of produced goods capped production and
reduced capacity utilization rates. Based on
aircraft system, propulsion segment projected to
lead more electric aircraft market during the
forecast period Based on aircraft system, the
more electric aircraft market is segmented into
propulsion system and airframe system.
Electrification of various propulsion and
airframe systems enables aircraft to reduce
carbon emissions and the overall operational
cost. The rising focus of major OEMs such as
Airbus on the development of electric propulsion
systems is expected to drive the propulsion
system segment during the forecast period. Based
on application, power distribution segment
projected to lead more electric aircraft market
during the forecast period
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Based on application, the more electric aircraft
is segmented into power generation, power
distribution, power conversion, and energy
storage. The power distribution system is highly
flexible, fault-tolerant, and is controlled by a
redundant microprocessor system. In this system,
electrical power is supplied to the primary
power distribution system, wherein the contactor
control unit (CCU) and high-power contactor are
located across generators, auxiliary power units
(APU), batteries, and ground sources. Based on
end user, the civil segment accounts for the
largest market size during the forecast
period. Based on end user, the more electric
aircraft market is segmented into civil and
military. The civil segment is estimated to
account for a larger share in 2020 as compared
to the military segment. Carbon and nitrogen
oxide emissions, high fuel consumption, and high
maintenance costs are some of the challenges in
the civil segment. Middle East and Africa are
expected to be the fastest-growing region for
more electric aircraft market during the forecast
period Middle East Africa are among the
fastest-growing regions for more electric
aircraft market. An increase in the delivery of
fuel-efficient aircraft is expected to propel the
demand for more electric aircraft in the region.
Israel, Saudi Arabia, the UAE, South Africa, and
the Rest of Middle East Africa have been
considered under this region for market
analysis. According to Boeing, the Middle East
region is expected to require 3,310 new aircraft
worth USD 770 million over the next 20 years,
which will impact the growth of more electric
aircraft market. Additional factors expected to
drive the growth of the market include border
disputes and rising threats from terror outfits,
which have forced Middle Eastern countries to
increase their defense spending, thereby
increasing the procurement of military unmanned
aerial vehicles and aircraft. These factors have
led to an increase in demand for more electric
aircraft in the aviation industry. Key Market
Players Some of the players operating in the
market include AMETEK (US), Safran (France),
Astronics Corporation (US), Amphenol Corporation
(US), Honeywell International, Inc. (US),
Meggitt (UK), and Thales Group (France). These
companies have well- equipped strong
distribution networks across the North American,
European, Asia Pacific, the Middle East
African and Latin American regions. Ask for
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