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Global More Electric Aircraft Market Size study & Forecast, by Aircraft System (Propulsion System and Airframe System), by Application (Power Generation, Power Distribution, Power Conversion, and Energy Storage), by Aircraft Type (Fixed-wing and Rotary-wing), by End User (Civil and Military) and Regional Analysis, 2023-2030

July 2023 | 200 pages | ID: G14CEBB0FC0DEN
Bizwit Research & Consulting LLP

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Global More Electric Aircraft Market is valued approximately at USD 2787.61 million in 2022 and is anticipated to grow with a healthy growth rate of more than 15.5% over the forecast period 2023-2030. More electric aircraft (MEA) is a term used to describe aircraft that rely on electrical systems for various functions traditionally powered by hydraulic or pneumatic systems. MEA technology aims to increase efficiency, reduce emissions, and improve the overall performance of aircraft. The Electrical systems are generally more efficient than hydraulic or pneumatic systems. They eliminate the need for hydraulic fluid or compressed air, reducing energy losses associated with fluid leakage and system inefficiencies. The global more electric aircraft market is expected to grow due to increased innovation and development of new aircraft technologies. The adoption of more electric aircraft technology is driven by the desire to enhance performance, increase fuel efficiency, and address environmental concerns. Also, governments and regulatory bodies in different countries are promoting the use of sustainable technologies such as more electric aircraft to reduce air and noise pollution.

Military organizations around the world are increasingly recognizing the potential benefits of more electric aircraft technology. The military's focus on modernizing its aircraft fleet to meet evolving threats and operational requirements creates a strong demand for advanced technologies like more electric aircraft. According to the SIPRI in 2022, global military expenditure reached its highest recorded level, rising by 3.7% in real terms to USD 2,240 billion in 2022. This represents a significant increase and indicates the continued importance placed on military investments globally. Moreover, the total global military spending accounted for 2.2% of the global gross domestic product (GDP) in 2022, highlighting the significant economic resources dedicated to military endeavors. Additionally, development of advanced power electronics components and emergence of alternative power sources is anticipated to create the lucrative opportunity for the market during forecast period. However, high capital investment for the establishment of more electric aircraft manufacturing stifles the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global More Electric Aircraft Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to a significant number of aircraft deliveries incorporating more electric architecture, strong emphasis on research and development, along with the development of necessary infrastructure for electrifying aircraft subsystems. Asia Pacific is expected to fastest growing significantly during the forecast period, owing to rapid growth in the commercial aviation sector. Additionally, the region is expected to experience substantial market growth due to the increasing fleet size in the military sector.
Major market player included in this report are:
BAE Systems Plc
GE Aerospace
Elbit Systems Ltd.
Ametek, Inc.
Raytheon Technologies Corporation
Honeywell International Inc.
Rolls-Royce Holdings Plc
Bombardier Inc
Thales Group
Safran S.A
Recent Developments in the Market:
In January 2022, Wisk, a well-known Advanced Air Mobility (AAM) firm and the creator of the first all-electric, self-flying air taxi in the United States, has successfully received USD 450 million in investment from The Boeing firm. Wisk's continuous efforts to create cutting-edge AAM technology and revolutionise the transportation industry are likely to be bolstered by this large investment.
In January 2022, Lockheed Martin Corporation's venture capital arm made a significant investment in Electra Inc., providing the electric short takeoff and landing (eSTOL) aircraft idea both a financial and credibility boost. This move is expected to hasten the development of Electra's unique eSTOL aircraft, which has the potential to revolutionise short-haul transportation and make substantial progress towards sustainable aviation.
Global More Electric Aircraft Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered – Aircraft System, Application, Aircraft Type, End User, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Aircraft System:
Propulsion System
Airframe System
By Application:
Power Generation
Power Distribution
Power Conversion
Energy Storage
By Aircraft Type:
Fixed-wing
Rotary-wing
By End User:
Civil
Military
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
  1.2.1. More Electric Aircraft Market, by region, 2020-2030 (USD Million)
  1.2.2. More Electric Aircraft Market, by Aircraft System, 2020-2030 (USD Million)
  1.2.3. More Electric Aircraft Market, by Application, 2020-2030 (USD Million)
  1.2.4. More Electric Aircraft Market, by Aircraft Type, 2020-2030 (USD Million)
  1.2.5. More Electric Aircraft Market, by End User, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MORE ELECTRIC AIRCRAFT MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MORE ELECTRIC AIRCRAFT MARKET DYNAMICS

3.1. More Electric Aircraft Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Increasing demand for high-performance fuel-efficient aircrafts
    3.1.1.2. Rise in adoption of electric components for auxiliary power and other crucial systems in aircraft
  3.1.2. Market Challenges
    3.1.2.1. High Cost of device and components
  3.1.3. Market Opportunities
    3.1.3.1. Advancement in battery solutions and electronic components
    3.1.3.2. Development of alternative power sources

CHAPTER 4. GLOBAL MORE ELECTRIC AIRCRAFT MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MORE ELECTRIC AIRCRAFT MARKET, BY AIRCRAFT SYSTEM

5.1. Market Snapshot
5.2. Global More Electric Aircraft Market by Aircraft System, Performance - Potential Analysis
5.3. Global More Electric Aircraft Market Estimates & Forecasts by Aircraft System 2020-2030 (USD Million)
5.4. More Electric Aircraft Market, Sub Segment Analysis
  5.4.1. Propulsion System
  5.4.2. Airframe System

CHAPTER 6. GLOBAL MORE ELECTRIC AIRCRAFT MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global More Electric Aircraft Market by Application, Performance - Potential Analysis
6.3. Global More Electric Aircraft Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. More Electric Aircraft Market, Sub Segment Analysis
  6.4.1. Power Generation
  6.4.2. Power Distribution
  6.4.3. Power Conversion
  6.4.4. Energy Storage

CHAPTER 7. GLOBAL MORE ELECTRIC AIRCRAFT MARKET, BY AIRCRAFT TYPE

7.1. Market Snapshot
7.2. Global More Electric Aircraft Market by Aircraft Type, Performance - Potential Analysis
7.3. Global More Electric Aircraft Market Estimates & Forecasts by Aircraft Type 2020-2030 (USD Million)
7.4. More Electric Aircraft Market, Sub Segment Analysis
  7.4.1. Fixed-wing
  7.4.2. Rotary-wing

CHAPTER 8. GLOBAL MORE ELECTRIC AIRCRAFT MARKET, BY END USER

8.1. Market Snapshot
8.2. Global More Electric Aircraft Market by End User, Performance - Potential Analysis
8.3. Global More Electric Aircraft Market Estimates & Forecasts by End User 2020-2030 (USD Million)
8.4. More Electric Aircraft Market, Sub Segment Analysis
  8.4.1. Civil
  8.4.2. Military

CHAPTER 9. GLOBAL MORE ELECTRIC AIRCRAFT MARKET, REGIONAL ANALYSIS

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. More Electric Aircraft Market, Regional Market Snapshot
9.4. North America More Electric Aircraft Market
  9.4.1. U.S. More Electric Aircraft Market
    9.4.1.1. Aircraft System breakdown estimates & forecasts, 2020-2030
    9.4.1.2. Application breakdown estimates & forecasts, 2020-2030
    9.4.1.3. Aircraft Type breakdown estimates & forecasts, 2020-2030
    9.4.1.4. End User breakdown estimates & forecasts, 2020-2030
  9.4.2. Canada More Electric Aircraft Market
9.5. Europe More Electric Aircraft Market Snapshot
  9.5.1. U.K. More Electric Aircraft Market
  9.5.2. Germany More Electric Aircraft Market
  9.5.3. France More Electric Aircraft Market
  9.5.4. Spain More Electric Aircraft Market
  9.5.5. Italy More Electric Aircraft Market
  9.5.6. Rest of Europe More Electric Aircraft Market
9.6. Asia-Pacific More Electric Aircraft Market Snapshot
  9.6.1. China More Electric Aircraft Market
  9.6.2. India More Electric Aircraft Market
  9.6.3. Japan More Electric Aircraft Market
  9.6.4. Australia More Electric Aircraft Market
  9.6.5. South Korea More Electric Aircraft Market
  9.6.6. Rest of Asia Pacific More Electric Aircraft Market
9.7. Latin America More Electric Aircraft Market Snapshot
  9.7.1. Brazil More Electric Aircraft Market
  9.7.2. Mexico More Electric Aircraft Market
9.8. Middle East & Africa More Electric Aircraft Market
  9.8.1. Saudi Arabia More Electric Aircraft Market
  9.8.2. South Africa More Electric Aircraft Market
  9.8.3. Rest of Middle East & Africa More Electric Aircraft Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Company
  10.1.2. Company
  10.1.3. Company
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. BAE Systems Plc
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Recent Developments
  10.3.2. GE Aerospace
  10.3.3. Elbit Systems Ltd.
  10.3.4. Ametek, Inc.
  10.3.5. Raytheon Technologies Corporation
  10.3.6. Honeywell International Inc.
  10.3.7. Rolls-Royce Holdings Plc
  10.3.8. Bombardier Inc
  10.3.9. Thales Group
  10.3.10. Safran S.A

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global More Electric Aircraft Market, report scope
TABLE 2. Global More Electric Aircraft Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3. Global More Electric Aircraft Market estimates & forecasts by Aircraft System 2020-2030 (USD Million)
TABLE 4. Global More Electric Aircraft Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 5. Global More Electric Aircraft Market estimates & forecasts by Aircraft Type 2020-2030 (USD Million)
TABLE 6. Global More Electric Aircraft Market estimates & forecasts by End User 2020-2030 (USD Million)
TABLE 7. Global More Electric Aircraft Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8. Global More Electric Aircraft Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9. Global More Electric Aircraft Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10. Global More Electric Aircraft Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11. Global More Electric Aircraft Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12. Global More Electric Aircraft Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13. Global More Electric Aircraft Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14. Global More Electric Aircraft Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15. Global More Electric Aircraft Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 16. Global More Electric Aircraft Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 17. U.S. More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 18. U.S. More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 19. U.S. More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20. Canada More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 21. Canada More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 22. Canada More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23. UK More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 24. UK More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 25. UK More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26. Germany More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 27. Germany More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 28. Germany More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29. France More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 30. France More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 31. France More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32. Italy More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 33. Italy More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 34. Italy More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35. Spain More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 36. Spain More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 37. Spain More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38. RoE More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 39. RoE More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 40. RoE More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41. China More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 42. China More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 43. China More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44. India More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 45. India More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 46. India More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47. Japan More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 48. Japan More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 49. Japan More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50. South Korea More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 51. South Korea More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 52. South Korea More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53. Australia More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 54. Australia More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 55. Australia More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56. RoAPAC More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 57. RoAPAC More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 58. RoAPAC More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59. Brazil More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 60. Brazil More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 61. Brazil More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62. Mexico More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 63. Mexico More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 64. Mexico More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65. RoLA More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 66. RoLA More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 67. RoLA More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68. Saudi Arabia More Electric Aircraft Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 69. South Africa More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 70. RoMEA More Electric Aircraft Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 71. List of secondary sources, used in the study of global More Electric Aircraft Market
TABLE 72. List of primary sources, used in the study of global More Electric Aircraft Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered
List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global More Electric Aircraft Market, research methodology
FIG 2. Global More Electric Aircraft Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global More Electric Aircraft Market, key trends 2022
FIG 5. Global More Electric Aircraft Market, growth prospects 2023-2030
FIG 6. Global More Electric Aircraft Market, porters 5 force model
FIG 7. Global More Electric Aircraft Market, pest analysis
FIG 8. Global More Electric Aircraft Market, value chain analysis
FIG 9. Global More Electric Aircraft Market by segment, 2020 & 2030 (USD Million)
FIG 10. Global More Electric Aircraft Market by segment, 2020 & 2030 (USD Million)
FIG 11. Global More Electric Aircraft Market by segment, 2020 & 2030 (USD Million)
FIG 12. Global More Electric Aircraft Market by segment, 2020 & 2030 (USD Million)
FIG 13. Global More Electric Aircraft Market by segment, 2020 & 2030 (USD Million)
FIG 14. Global More Electric Aircraft Market, regional snapshot 2020 & 2030
FIG 15. North America More Electric Aircraft Market 2020 & 2030 (USD Million)
FIG 16. Europe More Electric Aircraft Market 2020 & 2030 (USD Million)
FIG 17. Asia pacific More Electric Aircraft Market 2020 & 2030 (USD Million)
FIG 18. Latin America More Electric Aircraft Market 2020 & 2030 (USD Million)
FIG 19. Middle East & Africa More Electric Aircraft Market 2020 & 2030 (USD Million)
List of tables and figures are dummy in nature, final lists may vary in the final deliverable


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