More Electric Aircraft Trends and Forecast
The future of the global more electric aircraft market looks promising with opportunities in the civil and military markets. The global more electric aircraft market is expected to reach an estimated $8.8 billion by 2030 with a CAGR of 11.2% from 2024 to 2030. The major drivers for this market are increasing demand for powerful & fuel-efficient aircraft and rising emphasis of environmentally friendly aircraft.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
More Electric Aircraft by Segment
The study includes a forecast for the global more electric aircraft by aircraft type, aircraft system, application, end use, and region.
More Electric Aircraft Market by Aircraft Type [Shipment Analysis by Value from 2018 to 2030]:
• Fixed-Wing
• Rotary-Wing
More Electric Aircraft Market by Aircraft System [Shipment Analysis by Value from 2018 to 2030]:
• Propulsion System
• Airframe System
More Electric Aircraft Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Power Generation
• Power Distribution
• Power Conversion
• Energy Storage
More Electric Aircraft Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Civil
• Military
More Electric Aircraft Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of More Electric Aircraft Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies more electric aircraft companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the more electric aircraft companies profiled in this report include-
• Elbit Systems
• Raytheon Technologies
• BAE Systems
• Honeywell International
• Safran
• Thales Group
• Ametek
• Rolls-Royce Holdings
• GE Aviation
• Bombardier
More Electric Aircraft Market Insights
Lucintel forecasts that power distribution is expected to witness the highest growth over the forecast period.
Within this market, military is expected to witness the higher growth over the forecast period.
APAC is expected to witness highest growth over the forecast period.
Features of the Global More Electric Aircraft Market
Market Size Estimates: More electric aircraft market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: More electric aircraft market size by various segments, such as by aircraft type, aircraft system, application, end use, and region in terms of value ($B).
Regional Analysis: More electric aircraft market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different aircraft types, aircraft systems, applications, end uses, and regions for the more electric aircraft market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the more electric aircraft market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the more electric aircraft market size?
Answer: The global more electric aircraft market is expected to reach an estimated $8.8 billion by 2030.
Q2. What is the growth forecast for more electric aircraft market?
Answer: The global more electric aircraft market is expected to grow with a CAGR of 11.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the more electric aircraft market?
Answer: The major drivers for this market are increasing demand for powerful & fuel-efficient aircraft and rising emphasis of environmentally friendly aircraft.
Q4. What are the major segments for more electric aircraft market?
Answer: The future of the more electric aircraft market looks promising with opportunities in the civil and military markets.
Q5. Who are the key more electric aircraft market companies?
Answer: Some of the key more electric aircraft companies are as follows:
• Elbit Systems
• Raytheon Technologies
• BAE Systems
• Honeywell International
• Safran
• Thales Group
• Ametek
• Rolls-Royce Holdings
• GE Aviation
• Bombardier
Q6. Which more electric aircraft market segment will be the largest in future?
Answer: Lucintel forecasts that power distribution is expected to witness the highest growth over the forecast period.
Q7. In more electric aircraft market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the more electric aircraft market by aircraft type (fixed-wing and rotary-wing), aircraft system (propulsion system and airframe system), application (power generation, power distribution, power conversion, and energy storage), end use (civil and military), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to More Electric Aircraft Market, More Electric Aircraft Market Size, More Electric Aircraft Market Growth, More Electric Aircraft Market Analysis, More Electric Aircraft Market Report, More Electric Aircraft Market Share, More Electric Aircraft Market Trends, More Electric Aircraft Market Forecast, More Electric Aircraft Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.