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Market Research Report
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1022111

More Electric Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: | IMARC Services Private Limited | 143 Pages | Delivery time: 2-3 business days

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More Electric Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Published: August 2, 2021
IMARC Services Private Limited
Content info: 143 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The global more electric aircraft market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 8.5% during (2021-2026). More electric aircraft (MEA) involves the utilization of advanced electrical systems to replace the commonly used pneumatic equipment. In these aircraft, non-propulsive functions, such as pressurization, de-icing, engine starting, flight controls and actuation of the landing gear, are electrified, thereby making them highly energy efficient. They also utilize power electronics, energy storage devices, and thermal management, safety, battery and fuel cell systems. In comparison to the traditionally used aircraft, MEA are safer, environment-friendly and cause minimal noise pollution and generate lower carbon emissions.

Significant growth in the aviation industry, along with a growing need to optimize aircraft performance, is among the key factors driving the growth of the market. In line with this, widespread adoption of MEA, owing to associated benefits such as reduced operating and maintenance costs and increased reliability, is contributing to the market growth. This has further enabled the utilization of technologically advanced power electronics, fault-tolerant equipment, electro-hydrostatic actuators and flight control systems. Apart from this, various high-density electric motors, power conversion and generation systems are also used in the MEA. Additionally, the growing adoption of these aircraft in the commercial sector is also providing a boost to the market growth. New aircraft are now increasingly being integrated with more electric architecture that has potential advantages, such as improved fuel efficiency, aircraft reliability and minimal dependency on fossil fuels. Other factors, including the growing adoption of unmanned aerial vehicles (UAV) in the defense sector, along with the implementation of favorable government policies to ensure the continual research and development (R&D) and launch of effective and advanced product variants, are projected to drive the market further.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global more electric aircraft market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on application, technology, aircraft type and region.

Breakup by Application:

  • Air Pressurization and Conditioning
  • Configuration Management
  • Flight Control Operations Management
  • Power Generation Management
  • Power Distribution Management
  • Others

Breakup by Technology:

  • Safety Systems and Advanced Materials
  • Power Electronics
  • Energy Storage Devices
  • Thermal Management Systems
  • Others

Breakup by Aircraft Type:

  • Fixed Wing (Narrow Body/Wide Body/Very Large Body) Aircraft
  • Rotary Wing Aircraft
  • Unmanned Aerial Vehicles
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Airbus SE, Bombardier Inc., Honeywell International Inc., Lockheed Martin, Raytheon Company, Rolls-Royce Holdings Plc., Safran S.A., Thales Group, The Boeing Company, TTTech Computertechnik AG, United Technologies Corporation, etc. Key Questions Answered in This Report:

  • How has the global more electric aircraft market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global more electric aircraft market?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the aircraft type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global more electric aircraft market and who are the key players?
  • What is the degree of competition in the industry?
Product Code: SR1020E177_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global More Electric Aircraft Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Application

  • 6.1 Air Pressurization and Conditioning
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Configuration Management
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Flight Control Operations Management
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Power Generation Management
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Power Distribution Management
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast
  • 6.6 Others
    • 6.6.1 Market Trends
    • 6.6.2 Market Forecast

7 Market Breakup by Technology

  • 7.1 Safety Systems and Advanced Materials
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Power Electronics
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Energy Storage Devices
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Thermal Management Systems
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Aircraft Type

  • 8.1 Fixed Wing (Narrow Body/Wide Body/Very Large Body) Aircraft
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Rotary Wing Aircraft
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Unmanned Aerial Vehicles
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Others
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 United States
      • 9.1.1.1 Market Trends
      • 9.1.1.2 Market Forecast
    • 9.1.2 Canada
      • 9.1.2.1 Market Trends
      • 9.1.2.2 Market Forecast
  • 9.2 Asia Pacific
    • 9.2.1 China
      • 9.2.1.1 Market Trends
      • 9.2.1.2 Market Forecast
    • 9.2.2 Japan
      • 9.2.2.1 Market Trends
      • 9.2.2.2 Market Forecast
    • 9.2.3 India
      • 9.2.3.1 Market Trends
      • 9.2.3.2 Market Forecast
    • 9.2.4 South Korea
      • 9.2.4.1 Market Trends
      • 9.2.4.2 Market Forecast
    • 9.2.5 Australia
      • 9.2.5.1 Market Trends
      • 9.2.5.2 Market Forecast
    • 9.2.6 Indonesia
      • 9.2.6.1 Market Trends
      • 9.2.6.2 Market Forecast
    • 9.2.7 Others
      • 9.2.7.1 Market Trends
      • 9.2.7.2 Market Forecast
  • 9.3 Europe
    • 9.3.1 Germany
      • 9.3.1.1 Market Trends
      • 9.3.1.2 Market Forecast
    • 9.3.2 France
      • 9.3.2.1 Market Trends
      • 9.3.2.2 Market Forecast
    • 9.3.3 United Kingdom
      • 9.3.3.1 Market Trends
      • 9.3.3.2 Market Forecast
    • 9.3.4 Italy
      • 9.3.4.1 Market Trends
      • 9.3.4.2 Market Forecast
    • 9.3.5 Spain
      • 9.3.5.1 Market Trends
      • 9.3.5.2 Market Forecast
    • 9.3.6 Russia
      • 9.3.6.1 Market Trends
      • 9.3.6.2 Market Forecast
    • 9.3.7 Others
      • 9.3.7.1 Market Trends
      • 9.3.7.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Brazil
      • 9.4.1.1 Market Trends
      • 9.4.1.2 Market Forecast
    • 9.4.2 Mexico
      • 9.4.2.1 Market Trends
      • 9.4.2.2 Market Forecast
    • 9.4.3 Others
      • 9.4.3.1 Market Trends
      • 9.4.3.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Breakup by Country
    • 9.5.3 Market Forecast

10 SWOT Analysis

  • 10.1 Overview
  • 10.2 Strengths
  • 10.3 Weaknesses
  • 10.4 Opportunities
  • 10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis

  • 12.1 Overview
  • 12.2 Bargaining Power of Buyers
  • 12.3 Bargaining Power of Suppliers
  • 12.4 Degree of Competition
  • 12.5 Threat of New Entrants
  • 12.6 Threat of Substitutes

13 Price Indicators

14 Competitive Landscape

  • 14.1 Market Structure
  • 14.2 Key Players
  • 14.3 Profiles of Key Players
    • 14.3.1 Airbus SE
      • 14.3.1.1 Company Overview
      • 14.3.1.2 Product Portfolio
      • 14.3.1.3 Financials
      • 14.3.1.4 SWOT Analysis
    • 14.3.2 Bombardier Inc.
      • 14.3.2.1 Company Overview
      • 14.3.2.2 Product Portfolio
      • 14.3.2.3 Financials
      • 14.3.2.4 SWOT Analysis
    • 14.3.3 Honeywell International Inc.
      • 14.3.3.1 Company Overview
      • 14.3.3.2 Product Portfolio
      • 14.3.3.3 Financials
      • 14.3.3.4 SWOT Analysis
    • 14.3.4 Lockheed Martin
      • 14.3.4.1 Company Overview
      • 14.3.4.2 Product Portfolio
      • 14.3.4.3 Financials
      • 14.3.4.4 SWOT Analysis
    • 14.3.5 Raytheon Company
      • 14.3.5.1 Company Overview
      • 14.3.5.2 Product Portfolio
      • 14.3.5.3 Financials
      • 14.3.5.4 SWOT Analysis
    • 14.3.6 Rolls-Royce Holdings Plc
      • 14.3.6.1 Company Overview
      • 14.3.6.2 Product Portfolio
      • 14.3.6.3 Financials
      • 14.3.6.4 SWOT Analysis
    • 14.3.7 Safran S.A.
      • 14.3.7.1 Company Overview
      • 14.3.7.2 Product Portfolio
      • 14.3.7.3 Financials
    • 14.3.8 Thales Group
      • 14.3.8.1 Company Overview
      • 14.3.8.2 Product Portfolio
      • 14.3.8.3 Financials
    • 14.3.9 The Boeing Company
      • 14.3.9.1 Company Overview
      • 14.3.9.2 Product Portfolio
      • 14.3.9.3 Financials
      • 14.3.9.4 SWOT Analysis
    • 14.3.10 TTTech Computertechnik AG
      • 14.3.10.1 Company Overview
      • 14.3.10.2 Product Portfolio
      • 14.3.10.3 Financials
    • 14.3.11 United Technologies Corporation
      • 14.3.11.1 Company Overview
      • 14.3.11.2 Product Portfolio
      • 14.3.11.3 Financials
      • 14.3.11.4 SWOT Analysis

List of Figures

  • Figure 1: Global: More Electric Aircraft Market: Major Drivers and Challenges
  • Figure 2: Global: More Electric Aircraft Market: Sales Value (in Billion US$), 2015-2020
  • Figure 3: Global: More Electric Aircraft Market: Breakup by Application (in %), 2020
  • Figure 4: Global: More Electric Aircraft Market: Breakup by Technology (in %), 2020
  • Figure 5: Global: More Electric Aircraft Market: Breakup by Aircraft Type (in %), 2020
  • Figure 6: Global: More Electric Aircraft Market: Breakup by Region (in %), 2020
  • Figure 7: Global: More Electric Aircraft Market Forecast: Sales Value (in Billion US$), 2021-2026
  • Figure 8: Global: More Electric Aircraft (Air Pressurization and Conditioning) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 9: Global: More Electric Aircraft (Air Pressurization and Conditioning) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 10: Global: More Electric Aircraft (Configuration Management) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 11: Global: More Electric Aircraft (Configuration Management) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 12: Global: More Electric Aircraft (Flight Control Operations Management) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 13: Global: More Electric Aircraft (Flight Control Operations Management) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 14: Global: More Electric Aircraft (Power Generation Management) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 15: Global: More Electric Aircraft (Power Generation Management) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 16: Global: More Electric Aircraft (Power Distribution Management) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 17: Global: More Electric Aircraft (Power Distribution Management) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 18: Global: More Electric Aircraft (Others) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 19: Global: More Electric Aircraft (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 20: Global: More Electric Aircraft (Safety Systems and Advanced Materials) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 21: Global: More Electric Aircraft (Safety Systems and Advanced Materials) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 22: Global: More Electric Aircraft (Power Electronics) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 23: Global: More Electric Aircraft (Power Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 24: Global: More Electric Aircraft (Energy Storage Devices) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 25: Global: More Electric Aircraft (Energy Storage Devices) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 26: Global: More Electric Aircraft (Thermal Management Systems) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 27: Global: More Electric Aircraft (Thermal Management Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 28: Global: More Electric Aircraft (Others) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 29: Global: More Electric Aircraft (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 30: Global: More Electric Aircraft (Fixed Wing- Narrow Body/Wide Body/Very Large Body) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 31: Global: More Electric Aircraft (Fixed Wing- Narrow Body/Wide Body/Very Large Body)) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 32: Global: More Electric Aircraft (Rotary Wing Aircraft) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 33: Global: More Electric Aircraft (Rotary Wing Aircraft) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 34: Global: More Electric Aircraft (Unmanned Aerial Vehicles) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 35: Global: More Electric Aircraft (Unmanned Aerial Vehicles) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 36: Global: More Electric Aircraft (Others) Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 37: Global: More Electric Aircraft (Others) Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 38: North America: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 39: North America: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 40: United States: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 41: United States: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 42: Canada: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 43: Canada: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 44: Asia Pacific: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 45: Asia Pacific: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 46: China: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 47: China: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 48: Japan: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 49: Japan: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 50: India: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 51: India: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 52: South Korea: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 53: South Korea: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 54: Australia: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 55: Australia: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 56: Indonesia: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 57: Indonesia: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 58: Others: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 59: Others: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 60: Europe: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 61: Europe: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 62: Germany: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 63: Germany: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 64: France: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 65: France: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 66: United Kingdom: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 67: United Kingdom: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 68: Italy: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 69: Italy: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 70: Spain: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 71: Spain: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 72: Russia: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 73: Russia: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 74: Others: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 75: Others: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 76: Latin America: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 77: Latin America: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 78: Brazil: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 79: Brazil: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 80: Mexico: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 81: Mexico: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 82: Others: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 83: Others: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 84: Middle East and Africa: More Electric Aircraft Market: Sales Value (in Million US$), 2015 & 2020
  • Figure 85: Middle East and Africa: More Electric Aircraft Market Forecast: Sales Value (in Million US$), 2021-2026
  • Figure 86: Global: More Electric Aircraft Industry: SWOT Analysis
  • Figure 87: Global: More Electric Aircraft Industry: Value Chain Analysis
  • Figure 88: Global: More Electric Aircraft Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: More Electric Aircraft Market: Key Industry Highlights, 2020 and 2026
  • Table 2: Global: More Electric Aircraft Market Forecast: Breakup by Application (in Million US$), 2021-2026
  • Table 3: Global: More Electric Aircraft Market Forecast: Breakup by Technology (in Million US$), 2021-2026
  • Table 4: Global: More Electric Aircraft Market Forecast: Breakup by Aircraft Type (in Million US$), 2021-2026
  • Table 5: Global: More Electric Aircraft Market Forecast: Breakup by Region (in Million US$), 2021-2026
  • Table 6: Global: More Electric Aircraft Market Structure
  • Table 7: Global: More Electric Aircraft Market: Key Players