According to MarkNtel Advisors’ research report titled “Global More Electric Aircraft Market Analysis, 2020”, the Global More Electric Aircraft market is anticipated to grow at a CAGR of around 7% during 2021-26F. The coronavirus pandemic has had an enormous impact on the travel and tourism industry on account of lockdown imposition which adversely affected passenger traffic, air cargo demand, airport workforce due to which the airline industry has incurred much loss. However, it is estimated that the market will grow at a steady rate in the near future. The resumption of air travel and rising government initiatives to boost travel and tourism are projected to upsurge the growth of the market.
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Key questions answered in the study
- What are the current and future trends of the More Electric Aircraft industry?
- How the industry has been evolving in terms of end-user demand and application areas?
- How the competition has been shaping across the countries followed by their comparative factorial indexing?
- What are the key growth drivers and challenges for the More Electric Aircraft industry?
- What is the customer orientation, purchase behavior, and expectations from the More Electric Aircraft firms across various regions?
“Global More Electric Aircraft Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for More Electric Aircraft providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor’s capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Europe to Exhibit Fastest Growth
Europe is anticipated to grow at a highest rate over the forthcoming timeline. The growth is attributed to imposition of strict regulatory policies and norms toward aircraft emissions, introduction of various initiatives and research programs by government bodies, and escalating GHG emissions are encouraging aircraft manufacturers to adopt greater number of electric aircraft. Besides these, significant rise in the number of aircraft deliveries, burgeoning demand for fuel-efficient aircraft with less carbon emission, and increasing funding in R&D are projected to propel the growth of More Electric Aircraft market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global More Electric Aircraft Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Global More Electric Aircraft market are BAE Systems, Airbus SAS, The Boeing Company, Bombardier, GE Aviation, Astronics Corporation, Elbit Systems Ltd, Israel Aerospace Industries, Lockheed Martin Corporation, Raytheon Technologies Corporation, Rolls Royce Plc, Safran, Thales Group, TTTech Computertechnik AG, Honeywell International Inc., etc.
- By System (Power Generation, Power Application, Power Conversion, Thermal Energy Management, Energy Storage [Battery System, Fuel Cells, Solar Cells])
- By Application (Power Generation Management/ Application, Passenger Comfort, Air Pressurization & Conditioning, Configuration Management, Flight Controls & Operations)
- By Aircraft Type (Commercial [Narrow Body Aircraft, Wide Body Aircraft, Very Large Aircraft, Transport Aircraft], Military [Warfare Aircraft, Transport Aircraft, UAVs], Helicopters)
- By Region (North America, Europe, Asia-Pacific, Rest of the World)
- By Country (US, Canada, UK, Germany, France, China, Japan, India),
- By Company (BAE Systems, Airbus SAS, The Boeing Company, Bombardier, GE Aviation, Astronics Corporation, Elbit Systems Ltd, Israel Aerospace Industries, Lockheed Martin Corporation, Raytheon Technologies Corporation, Rolls Royce Plc, Safran, Thales Group, TTTech Computertechnik AG, Honeywell International Inc., etc.)