Growing demand for lightweight, durable and fuel-efficient air carriers has advocated the importance of more electric aircraft market, along with the need for lower operating and maintenance costs. The substitution of conventional aircraft components including mechanical, hydraulic and pneumatic systems with electrical equipment offers optimized operational efficiency and invariably helps reduce carbon emissions. Increasing efforts to develop greener aircrafts will stimulate the aerospace sector to seek innovative ways for integrating additional electrical systems that enhance the airplane performance.

Expanding tourism segment and subsequent increase in air traffic has encouraged major airplane manufacturers to not only grow their production capacity but also invest in novel technologies to boost performance. Global air passenger volume has surged across developed nations as well as emerging economies, coercing airlines to expand their fleets. In fact, in India the number of passengers opting for air transport in 2018 were about 12.5 million as against 11.5 million in the previous year. As worldwide commercial fleets witness a swift growth, more electric aircraft market will benefit from a booming customer base.

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The rise in sales of military aircraft will be a major factor spurring the demand for power electronics systems. The multiple benefits offered by these systems include more controllability of aircraft, easier maintenance, easier fault detection & diagnosis, and lightweight. These systems further augment the actuator operation and generator and aid energy regeneration.

Constant innovations in the area of power electronic equipment such as high-temperature electronics along with stringent onboard electrical hardware safety regulations will expand the growth of more electric aircraft market. For the record, ASTM (American Society for Testing Materials) regulates the alteration, design, and certification for airplane electrical systems. Meanwhile, companies are making hefty investing in R&D to enhance the heat dissipation of electrical systems. They are utilizing special resins over a large surface area and are developing heat sinks to improve performance of electrical systems.

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The North America market for more electric aircraft will hold noteworthy revenue share in the projected timeframe driven by rising air travel and lucrative investment in the aerospace sector. The International Air Transport Association (IATA) estimates that passenger air transport is expected to account for 8.2 billion by the year 2037. Increasing defense and military investment by governments could endorse new development in the aerospace sector as well as support modification of air pressurization & conditioning and thermal management systems.

Key players in the more electric aircraft market like United Technologies, Safran, Boeing, Airbus, Bombardier, Raytheon, Honeywell International, and Zodiac aerospace are focusing on strategic mergers and acquisitions to enhance their portfolio and market share. Highlighting an instance, in 2018, United Technologies completed the acquisition of Rockwell Collins to boost its portfolio of digital products such as flight controls and avionics. Certain electric aviation companies like Eviation, magniX, Pipistrel, Ampaire, Bye Aerospace, and Zunum Aero are also making considerable advancements in electric aircraft landscape.

Major Key Points from Table of Content:

Chapter 5. More Electric Aircraft Market, By System

5.1. Global more electric aircraft market share by system, 2018 & 2025

5.2. Power Electronics

5.2.1. Global market estimates and forecasts, 2013 – 2025

5.2.2. Market estimates and forecast, by region, 2013 – 2025

5.3. Thermal Management System

5.3.1. Global market estimates and forecasts, 2013 – 2025

5.3.2. Market estimates and forecast, by region, 2013 – 2025

5.4. Safety System & Advanced Material

5.4.1. Global market estimates and forecasts, 2013 – 2025

5.4.2. Market estimates and forecast, by region, 2013 – 2025

5.5. Energy Storage Devices

5.5.1. Global market estimates and forecasts, 2013 – 2025

5.5.2. Market estimates and forecast, by region, 2013 – 2025

Chapter 6. More Electric Aircraft Market, By Application

6.1. Global more electric aircraft market share by application, 2018 & 2025

6.2. Power Distribution

6.2.1. Global market estimates and forecasts, 2013 – 2025

6.2.2. Market estimates and forecast, by region, 2013 – 2025

6.3. Passenger Comfort

6.3.1. Global market estimates and forecasts, 2013 – 2025

6.3.2. Market estimates and forecast, by region, 2013 – 2025

6.4. Air Pressurization & Conditioning

6.4.1. Global market estimates and forecasts, 2013 – 2025

6.4.2. Market estimates and forecast, by region, 2013 – 2025

6.5. Flight Control & Operations

6.5.1. Global market estimates and forecasts, 2013 – 2025

6.5.2. Market estimates and forecast, by region, 2013 – 2025

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Related News -   https://www.marketwatch.com/press-release/industrial-communication-market-2021-2025-by-trends-outlook-growth-forecast-2021-06-25

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