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More Electric Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2021-2026

Published on: Aug 2021 | From USD $2299 | Published By: IMARCGROUP | Number Of Pages: 143

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?

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

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

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

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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