More Electric Aircraft Market by System (Propulsion, Airframe), Component (Power Source, Actuators, Electric Pump, Power Electronics, Generator, Valves), Platform (Narrow Body, Wide Body, Regional Jet, Fighter Jet), Application, End Use - Forecast to 2029
The more electric aircraft market is projected to grow from USD 5.56 Billion in 2024 and reach USD 8.01 Billion by 2029, at a CAGR of 7.6% during the forecast period. In recent years, innovations in battery technology has been a critical factor driving the development of More Electric Aircraft (MEA), as these systems enable more sustainable and efficient power solutions. Among such innovation parts of solid-state batteries and higher energy densities, such batteries are safer and better at a long-lasting lifetime than conventional lithium-ion. The solid-state battery makes use of the solid material instead of the liquid electrolyte while trying to achieve lower energy levels. This actually reduces the risks associated with the thermal runaway and encourages their use in safety for high energy applications of aviation.
Based on application, Power conversion is expected to grow at the highest rate during the forecast period. Highly demanding aircraft systems including, flight control, landing gears, environmental controls have huge demands and require a system of conversion of electrical powers in airplanes that move on from hydraulics to pneumatics to the alternative electric version. Power conversion technology allows these systems to function on various levels of voltage, stepping the power up or down, ensuring stable and efficient operation across multiple functions..
Based on End User, Civil segment is expected to lead the market. The civil aviation sector is expected to lead the More Electric Aircraft (MEA) market due to the high demand for sustainable, fuel-efficient technologies among commercial airlines and operators. Environmental regulations and pressure from the industry to reduce greenhouse gas emissions have expedited the implementation of electric systems in civil aviation, making the sector lead the More Electric Aircraft (MEA) market. ICAO and other governments around the world are implementing more stringent emission requirements, and this forces airlines to pursue MEA technology in order to meet the new standards and reduce their carbon footprint. Many commercial aircraft manufacturers, therefore, highlight electric-driven systems for parts such as flight controls, landing gear, environmental controls, and power distribution.
Europe is expected to account for the largest share in 2024
Europe is expected to take the lead in the MEA market due to strategic focus on developing sustainable aviation and substantial government support for green technologies. The Green Deal and Clean Aviation program initiatives of the European Union have allocated huge funding and regulatory support for the development and deployment of MEA technologies. These programs intend to position Europe as a leader in green aviation solutions by incentivizing aerospace manufacturers to migrate from traditional systems to electric-driven alternatives. Another contributing factor is the region's strong emphasis on research cooperation between companies, universities, and government agencies that is accelerating MEA technology. National strategies for sustainable aviation have been established by the countries of France, Germany, and the United Kingdom as well, which have, in turn, created an environment of healthy competition between them for MEA innovations. This commitment places Europe in a natural leadership role regarding MEA adoption; the region will, therefore be well-positioned to help define industry standards for newer, greener, more electric-based aircraft technology for global markets.
The break-up of the profile of primary participants in the more electric aircraft market:
The report segments the more electric aircraft market based on component, application, system, platform, end-user, and Region. The more electric aircraft market is segmented into power sources, generators, actuators, electric pumps, power electronics, distribution devices, valves, based on components. Based on the application, the market is segmented into power generation, distribution, conversion, and energy storage. Based on the solution, the market is segmented into propulsion and airframe systems. Based on the platform, the market is segmented into fixed-wing and rotary-wing. Based on the end user, the market is segmented into civil and military. The more electric aircraft market has been studied in North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, as well as key strategies such as contracts, partnerships, agreements, new product and service launches, mergers and acquisitions, and recent developments in the more electric aircraft market. This research includes a competitive analysis of upcoming startups in the more electric aircraft market ecosystem.
Reasons to buy this report:
The research will provide industry leaders and potential entrants with information on the closest estimations of revenue figures for the more electric aircraft market. This study will assist stakeholders in better understanding the competitive environment and gaining new insights to position their businesses better and develop appropriate go-to-market strategies. The study also assists stakeholders in understanding the pulse of the industry and offers data on major market drivers, restraints, challenges, and opportunities.
Advancements in key power sources drive the more electric aircraft market.
The report provides insights on the following pointers:
Based on application, Power conversion is expected to grow at the highest rate during the forecast period. Highly demanding aircraft systems including, flight control, landing gears, environmental controls have huge demands and require a system of conversion of electrical powers in airplanes that move on from hydraulics to pneumatics to the alternative electric version. Power conversion technology allows these systems to function on various levels of voltage, stepping the power up or down, ensuring stable and efficient operation across multiple functions..
Based on End User, Civil segment is expected to lead the market. The civil aviation sector is expected to lead the More Electric Aircraft (MEA) market due to the high demand for sustainable, fuel-efficient technologies among commercial airlines and operators. Environmental regulations and pressure from the industry to reduce greenhouse gas emissions have expedited the implementation of electric systems in civil aviation, making the sector lead the More Electric Aircraft (MEA) market. ICAO and other governments around the world are implementing more stringent emission requirements, and this forces airlines to pursue MEA technology in order to meet the new standards and reduce their carbon footprint. Many commercial aircraft manufacturers, therefore, highlight electric-driven systems for parts such as flight controls, landing gear, environmental controls, and power distribution.
Europe is expected to account for the largest share in 2024
Europe is expected to take the lead in the MEA market due to strategic focus on developing sustainable aviation and substantial government support for green technologies. The Green Deal and Clean Aviation program initiatives of the European Union have allocated huge funding and regulatory support for the development and deployment of MEA technologies. These programs intend to position Europe as a leader in green aviation solutions by incentivizing aerospace manufacturers to migrate from traditional systems to electric-driven alternatives. Another contributing factor is the region's strong emphasis on research cooperation between companies, universities, and government agencies that is accelerating MEA technology. National strategies for sustainable aviation have been established by the countries of France, Germany, and the United Kingdom as well, which have, in turn, created an environment of healthy competition between them for MEA innovations. This commitment places Europe in a natural leadership role regarding MEA adoption; the region will, therefore be well-positioned to help define industry standards for newer, greener, more electric-based aircraft technology for global markets.
The break-up of the profile of primary participants in the more electric aircraft market:
- By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%
- By Designation: C Level – 55%, Director Level – 27%, and Others – 18%
- By Region: North America – 32%, Europe – 32%, Asia Pacific – 16%, Middle East & Africa – 10%, Latin America – 10%
The report segments the more electric aircraft market based on component, application, system, platform, end-user, and Region. The more electric aircraft market is segmented into power sources, generators, actuators, electric pumps, power electronics, distribution devices, valves, based on components. Based on the application, the market is segmented into power generation, distribution, conversion, and energy storage. Based on the solution, the market is segmented into propulsion and airframe systems. Based on the platform, the market is segmented into fixed-wing and rotary-wing. Based on the end user, the market is segmented into civil and military. The more electric aircraft market has been studied in North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. A thorough examination of the key industry players has been conducted in order to provide insights into their business overview, solutions, and services, as well as key strategies such as contracts, partnerships, agreements, new product and service launches, mergers and acquisitions, and recent developments in the more electric aircraft market. This research includes a competitive analysis of upcoming startups in the more electric aircraft market ecosystem.
Reasons to buy this report:
The research will provide industry leaders and potential entrants with information on the closest estimations of revenue figures for the more electric aircraft market. This study will assist stakeholders in better understanding the competitive environment and gaining new insights to position their businesses better and develop appropriate go-to-market strategies. The study also assists stakeholders in understanding the pulse of the industry and offers data on major market drivers, restraints, challenges, and opportunities.
Advancements in key power sources drive the more electric aircraft market.
The report provides insights on the following pointers:
- The report also helps stakeholders understand the market pulse and provides information on key market Drivers (Development of high-density battery solutions for more electric aircraft, Increasing use of electric technology to optimize aircraft performance, Lowering of operational and maintenance costs, Reduction in emissions and aircraft noise, Technological advancements in electric systems), Restraints ( High capital requirements and longer clearance periods, Potential for overheating of electrical systems), Opportunities (Introduction of alternative power sources for electric power generation, Development of advanced power electronics component, Adoption of Urban Air Mobility (UAM) technologies), and Challenges (Requirement for reliable cable systems, Significant increase in maximum take-off weight).
- Market Penetration: The market's leading companies provide comprehensive information about more electric aircraft.
- Product Development/Innovation: In-depth information on future technologies, R&D efforts, and new product and service launches in the more electric aircraft market.
- Market Development: In-depth information on profitable markets - the study examines the more electric aircraft market in several areas.
- Market Diversification: Comprehensive data on new goods and services, new geographies, current advancements, and investments in the more electric aircraft market.
- Competitive Assessment: An in-depth examination of the more electric aircraft industry's major companies' market shares, growth strategies, and service offerings is provided.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED
1.3.3 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Insights from industry experts
2.2 FACTOR ANALYSIS
2.2.1 INTRODUCTION
2.2.2 DEMAND-SIDE INDICATORS
2.2.2.1 Growing preference for more electric technology
2.2.2.2 Increasing demand for new commercial aircraft
2.2.2.3 Surging demand for cleaner and quieter aircraft
2.2.3 SUPPLY-SIDE INDICATORS
2.2.3.1 Increasing adoption of electrical systems in aircraft
2.2.3.2 Rising use of fuel cells for electric power generation
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.1.1 Market size estimation
2.3.1.2 Research methodology
2.3.2 TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
2.6 RISK ANALYSIS
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MORE ELECTRIC AIRCRAFT MARKET
4.2 MORE ELECTRIC AIRCRAFT MARKET, BY APPLICATION
4.3 MORE ELECTRIC AIRCRAFT MARKET, BY KEY COUNTRIES
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Development of high-density battery solutions for more electric aircraft
5.2.1.2 Increasing use of electric technology to optimize aircraft performance
5.2.1.3 Lowering of operational and maintenance costs
5.2.1.4 Reduction in emissions and aircraft noise
5.2.1.5 Technological advancements in electric systems
5.2.2 RESTRAINTS
5.2.2.1 High capital requirements and longer clearance periods
5.2.2.2 Potential for overheating of electrical systems
5.2.3 OPPORTUNITIES
5.2.3.1 Introduction of alternative power sources for electric power generation
5.2.3.2 Advancements in power electronic components
5.2.3.3 Adoption of urban air mobility (UAM) technologies
5.2.4 CHALLENGES
5.2.4.1 Requirement for reliable cable systems
5.2.4.2 Significant increase in maximum take-off weight
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR MORE ELECTRIC AIRCRAFT MARKET
5.4 VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.5.1 PROMINENT COMPANIES
5.5.2 PRIVATE AND SMALL ENTERPRISES
5.5.3 END USERS
5.6 TECHNOLOGY ANALYSIS
5.6.1 KEY TECHNOLOGIES
5.6.1.1 Turbogenerators for powering electric motors and batteries
5.6.1.2 Electric actuators
5.6.2 ADJACENT TECHNOLOGIES
5.6.2.1 Fly-by-wire
5.7 CASE STUDY ANALYSIS
5.7.1 HONEYWELL OPTIMIZES MORE ELECTRIC ARCHITECTURE
5.7.2 HONEYWELL SUCCESSFULLY DESIGNS AUXILIARY POWER UNIT FOR BOEING
5.7.3 ELECTRIC TAXI SYSTEMS
5.8 PRICING ANALYSIS
5.8.1 AVERAGE SELLING PRICE RANGE, BY COMPONENT
5.8.2 INDICATIVE PRICING ANALYSIS, BY COMPONENT
5.8.3 AVERAGE SELLING PRICE RANGE, BY PLATFORM, 2023
5.9 MORE ELECTRIC AIRCRAFT, BY AIRCRAFT TYPE
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.10.2 BUYING CRITERIA
5.11 REGULATORY LANDSCAPE
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12 TRADE ANALYSIS
5.13 KEY CONFERENCES AND EVENTS, 2024–2025
5.14 BUSINESS MODEL
5.15 TOTAL COST OF OWNERSHIP
5.16 INVESTMENT AND FUNDING SCENARIO
5.17 BILL OF MATERIALS
5.18 TECHNOLOGY ROADMAP
5.19 IMPACT OF GENERATIVE AI
5.19.1 INTRODUCTION
5.19.2 ADOPTION OF AI IN AVIATION BY TOP COUNTRIES
5.19.3 IMPACT OF AI ON AVIATION: USE CASES
5.19.4 IMPACT OF AI ON MORE ELECTRIC AIRCRAFT MARKET
5.20 MACROECONOMIC OUTLOOK
5.20.1 NORTH AMERICA
5.20.2 EUROPE
5.20.3 ASIA PACIFIC
5.20.4 MIDDLE EAST
5.20.5 LATIN AMERICA
5.20.6 AFRICA
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 TECHNOLOGY TRENDS
6.2.1 SHIFT FROM HYDRAULIC TO ELECTRIC LANDING GEAR
6.2.2 USE OF ELECTRICAL AND ELECTRONICS TECHNOLOGIES IN MORE ELECTRIC AIRCRAFT
6.2.2.1 Machine technologies
6.2.2.2 Power electronics
6.2.2.3 Energy management
6.2.3 ADVANCED BATTERIES
6.2.3.1 Lithium-sulfur (Li-S)
6.2.4 ELECTRIC MOTOR-DRIVEN SMART PUMPS
6.2.5 HIGH-VOLTAGE POWER DISTRIBUTION
6.2.6 ELECTRIC ACTUATION SYSTEMS (FLY-BY-WIRE)
6.2.7 3D PRINTING
6.3 SUPPLY CHAIN ANALYSIS
6.4 IMPACT OF MEGATRENDS
6.4.1 SUSTAINABLE AVIATION FUEL
6.5 PATENT ANALYSIS
7 MORE ELECTRIC AIRCRAFT MARKET, BY END USER
7.1 INTRODUCTION
7.2 CIVIL
7.2.1 FOCUS ON REDUCING EMISSIONS TO PROPEL MARKET
7.3 MILITARY
7.3.1 INCREASED DEFENSE SPENDING TO DRIVE MARKET
8 MORE ELECTRIC AIRCRAFT MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 POWER GENERATION
8.2.1 INCREASING DEMAND FOR MORE ELECTRIC ARCHITECTURE
TO FUEL MARKET
8.3 POWER DISTRIBUTION
8.3.1 ABILITY TO DETECT VOLTAGE AND PROVIDE PROMPT LOAD SHUT-OFF
TO DRIVE DEMAND
8.4 POWER CONVERSION
8.4.1 NEED TO INCREASE OPERATIONAL EFFICIENCY TO GENERATE DEMAND
8.5 ENERGY STORAGE
8.5.1 INCREASED USE OF ADVANCED BATTERY AND FUEL CELL SYSTEMS
TO BOOST MARKET
9 MORE ELECTRIC AIRCRAFT MARKET, BY PLATFORM
9.1 INTRODUCTION
9.2 FIXED-WING
9.2.1 IMPROVED FUEL CONSUMPTION AND RELIABILITY TO DRIVE DEMAND
9.2.2 NARROW-BODY AIRCRAFT (NBA)
9.2.2.1 Reduction in weight factor to drive market
9.2.3 WIDE-BODY AIRCRAFT (WBA)
9.2.3.1 Need to lower carbon footprint to fuel market
9.2.4 REGIONAL AIRCRAFT
9.2.4.1 Increase in air passenger traffic to fuel demand
9.2.5 FIGHTER JETS
9.2.5.1 Increasing military budgets to boost market
9.3 ROTARY-WING
9.3.1 NEED FOR INCREASED OPERATIONAL EFFICIENCY TO DRIVE MARKET
10 MORE ELECTRIC AIRCRAFT MARKET, BY SYSTEM
10.1 INTRODUCTION
10.2 PROPULSION SYSTEMS
10.2.1 FUEL MANAGEMENT SYSTEMS
10.2.1.1 Help reduce fuel usage
10.2.2 THRUST REVERSER SYSTEMS
10.2.2.1 Facilitate reduced brake wear
10.3 AIRFRAME SYSTEMS
10.3.1 ENVIRONMENTAL CONTROL SYSTEMS
10.3.1.1 Ensure comfortable cabin environment
10.3.2 ACCESSORY DRIVE SYSTEMS
10.3.2.1 Help increase power transmission capabilities
10.3.3 POWER MANAGEMENT SYSTEMS
10.3.3.1 Increase energy efficiency in aircraft
10.3.4 CABIN INTERIOR SYSTEMS
10.3.4.1 Used to enhance customer experience
10.3.5 FLIGHT CONTROL SYSTEMS
10.3.5.1 Employed to control aircraft direction
10.3.6 LANDING GEAR SYSTEMS
10.3.6.1 Facilitate take-off and landing
11 MORE ELECTRIC AIRCRAFT MARKET, BY COMPONENT
11.1 INTRODUCTION
11.2 POWER SOURCES
11.2.1 BATTERIES
11.2.1.1 Nickel-based batteries
11.2.1.1.1 High capacity and quick-charging capabilities
11.2.1.2 Lead-acid batteries
11.2.1.2.1 Increasing use due to low cost and limited maintenance
11.2.1.3 Lithium-based batteries
11.2.1.3.1 Wide adoption in futuristic applications requiring high energy density and low weight
11.2.2 FUEL CELLS
11.2.2.1 Increase efficiency and help to reduce fuel load
11.2.3 SOLAR CELLS
11.2.3.1 Eliminate requirement for liquid fuel
11.3 ACTUATORS
11.3.1 ELECTRIC
11.3.2 OFFER GREATER RELIABILITY
11.3.3 HYBRID ELECTRIC
11.3.4 HELP SAVE ENERGY
11.3.4.1 Electro-hydrostatic actuators (EHA)
11.3.4.2 Electro-mechanical actuators (EMA)
11.3.4.3 Electrical-backup hydraulic actuators
11.4 ELECTRIC PUMPS
11.4.1 SUITED TO NEXT-GENERATION AIRCRAFT
11.5 POWER ELECTRONICS
11.5.1 RECTIFIERS
11.5.1.1 Used for AC to DC conversion
11.5.2 INVERTERS
11.5.2.1 Facilitate DC to AC conversion
11.5.3 CONVERTERS
11.5.3.1 Provide high-quality DC electrical power for aerospace networks
11.6 DISTRIBUTION DEVICES
11.6.1 WIRES & CABLES
11.6.1.1 Increasing demand due to shift toward more electric aircraft
11.6.2 CONNECTORS & CONNECTOR ACCESSORIES
11.6.2.1 Rising need for well-connected wiring systems to boost demand
11.6.3 BUSBARS
11.6.3.1 Easy installation to increase adoption
11.7 GENERATORS
11.7.1 STARTER GENERATORS
11.7.1.1 Acts as parallel electrical power supply units
11.7.2 AUXILIARY POWER UNITS (APU)
11.7.2.1 Provide back-up electrical supply for aircraft
11.7.3 VARIABLE SPEED CONSTANT FREQUENCY (VSCF) GENERATORS
11.7.3.1 Offer more flexible electrical system architecture
11.8 VALVES
11.8.1 REGULATE GAS LEVELS IN MEA ENGINES
12 MORE ELECTRIC AIRCRAFT MARKET, BY REGION
12.1 INTRODUCTION
12.2 NORTH AMERICA
12.2.1 NORTH AMERICA: PESTLE ANALYSIS
12.2.2 US
12.2.2.1 Presence of leading OEMs to drive market
12.2.3 CANADA
12.2.3.1 Increasing R&D activities to boost market
12.3 EUROPE
12.3.1 EUROPE: PESTLE ANALYSIS
12.3.2 UK
12.3.2.1 Presence of prominent aircraft OEMs to fuel market
12.3.3 FRANCE
12.3.3.1 High investments in aerospace industry to drive market
12.3.4 GERMANY
12.3.4.1 Developments in electric propulsion technologies to drive demand
12.3.5 RUSSIA
12.3.5.1 Growing aviation sector to boost market
12.3.6 ITALY
12.3.6.1 Increasing demand for aircraft to fuel market
12.3.7 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 ASIA PACIFIC: PESTLE ANALYSIS
12.4.2 CHINA
12.4.2.1 Growing demand for aerospace products to fuel market
12.4.3 INDIA
12.4.3.1 Rapidly expanding aviation sector to spur market growth
12.4.4 JAPAN
12.4.4.1 Increasing in-house development of aircraft to drive demand
12.4.5 SOUTH KOREA
12.4.5.1 Presence of electric component manufacturers to support market
12.4.6 AUSTRALIA
12.4.6.1 Increasing air traffic to boost demand
12.4.7 REST OF ASIA PACIFIC
12.5 MIDDLE EAST & AFRICA
12.5.1 MIDDLE EAST & AFRICA: PESTLE ANALYSIS
12.5.2 UAE
12.5.2.1 Presence of leading global airlines to drive market
12.5.3 SAUDI ARABIA
12.5.3.1 Significant growth in advanced power electronics to drive market
12.5.4 ISRAEL
12.5.4.1 Growing need to ramp up aircraft fleet to accelerate market
12.5.5 SOUTH AFRICA
12.5.5.1 Expanding tourism sector to fuel market
12.5.6 REST OF MIDDLE EAST & AFRICA
12.6 LATIN AMERICA
12.6.1 LATIN AMERICA: PESTLE ANALYSIS
12.6.2 BRAZIL
12.6.2.1 Presence of leading airlines to boost market
12.6.3 MEXICO
12.6.3.1 Government initiatives to drive market
12.6.4 REST OF LATIN AMERICA
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
13.3 RANKING ANALYSIS
13.4 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2020–2023
13.5 MARKET SHARE ANALYSIS, 2023
13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
13.6.1 STARS
13.6.2 EMERGING LEADERS
13.6.3 PERVASIVE PLAYERS
13.6.4 PARTICIPANTS
13.6.5 COMPANY FOOTPRINT
13.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
13.7.1 PROGRESSIVE COMPANIES
13.7.2 RESPONSIVE COMPANIES
13.7.3 DYNAMIC COMPANIES
13.7.4 STARTING BLOCKS
13.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
13.8 COMPANY VALUATION AND FINANCIAL METRICS
13.9 BRAND/PRODUCT COMPARISON
13.10 COMPETITIVE SCENARIO
13.10.1 PRODUCT LAUNCHES
13.10.2 DEALS
14 COMPANY PROFILES
14.1 INTRODUCTION
14.2 KEY PLAYERS
14.2.1 SAFRAN S.A.
14.2.1.1 Business overview
14.2.1.2 Products/Solutions/Services offered
14.2.1.3 Recent developments
14.2.1.3.1 Deals
14.2.1.4 MnM view
14.2.1.4.1 Key strengths
14.2.1.4.2 Strategic choices
14.2.1.4.3 Weaknesses and competitive threats
14.2.2 HONEYWELL INTERNATIONAL, INC.
14.2.2.1 Business overview
14.2.2.2 Products/Solutions/Services offered
14.2.2.3 Recent developments
14.2.2.3.1 Product launches
14.2.2.3.2 Deals
14.2.2.4 MnM view
14.2.2.4.1 Key strengths
14.2.2.4.2 Strategic choices
14.2.2.4.3 Weaknesses and competitive threats
14.2.3 RTX
14.2.3.1 Business overview
14.2.3.2 Products/Solutions/Services offered
14.2.3.3 Recent developments
14.2.3.3.1 Deals
14.2.3.4 MnM view
14.2.3.4.1 Key strengths
14.2.3.4.2 Strategic choices
14.2.3.4.3 Weaknesses and competitive threats
14.2.4 GENERAL ELECTRIC
14.2.4.1 Business overview
14.2.4.2 Products/Solutions/Services offered
14.2.4.3 Recent developments
14.2.4.3.1 Deals
14.2.4.4 MnM view
14.2.4.4.1 Key strengths
14.2.4.4.2 Strategic choices
14.2.4.4.3 Weaknesses and competitive threats
14.2.5 PARKER HANNIFIN CORPORATION
14.2.5.1 Business overview
14.2.5.2 Products/Solutions/Services offered
14.2.5.3 Recent developments
14.2.5.3.1 Deals
14.2.6 BAE SYSTEMS PLC
14.2.6.1 Business overview
14.2.6.2 Products/Solutions/Services offered
14.2.7 BOMBARDIER INC.
14.2.7.1 Business overview
14.2.7.2 Products/Solutions/Services offered
14.2.8 EMBRAER S.A.
14.2.8.1 Business overview
14.2.8.2 Products/Solutions/Services offered
14.2.9 LIEBHERR
14.2.9.1 Business overview
14.2.9.2 Products/Solutions/Services offered
14.2.10 AMETEK, INC.
14.2.10.1 Business overview
14.2.10.2 Products/Solutions/Services offered
14.2.10.3 Recent developments
14.2.10.3.1 Deals
14.2.11 NABTESCO CORPORATION
14.2.11.1 Business overview
14.2.11.2 Products/Solutions/Services offered
14.2.12 MOOG INC.
14.2.12.1 Business overview
14.2.12.2 Products/Solutions/Services offered
14.2.12.3 Recent developments
14.2.12.3.1 Deals
14.2.13 ASTRONICS CORPORATION
14.2.13.1 Business overview
14.2.13.2 Products/Solutions/Services offered
14.2.14 ROLLS-ROYCE PLC
14.2.14.1 Business overview
14.2.14.2 Products/Solutions/Services offered
14.2.14.3 Recent developments
14.2.15 EATON
14.2.15.1 Business overview
14.2.15.2 Products/Solutions/Services offered
14.2.16 AMPHENOL CORPORATION
14.2.16.1 Business overview
14.2.16.2 Products/Solutions/Services offered
14.3 OTHER PLAYERS
14.3.1 PBS AEROSPACE
14.3.2 AVIONIC INSTRUMENTS, LLC
14.3.3 EAGLEPICHER TECHNOLOGIES LLC
14.3.4 PIONEER MAGNETICS
14.3.5 WRIGHT ELECTRIC
14.3.6 MAGNIX
14.3.7 RADIANT POWER CORPORATION
14.3.8 AMPAIRE
14.3.9 WOODWARD
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED
1.3.3 INCLUSIONS AND EXCLUSIONS
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Insights from industry experts
2.2 FACTOR ANALYSIS
2.2.1 INTRODUCTION
2.2.2 DEMAND-SIDE INDICATORS
2.2.2.1 Growing preference for more electric technology
2.2.2.2 Increasing demand for new commercial aircraft
2.2.2.3 Surging demand for cleaner and quieter aircraft
2.2.3 SUPPLY-SIDE INDICATORS
2.2.3.1 Increasing adoption of electrical systems in aircraft
2.2.3.2 Rising use of fuel cells for electric power generation
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
2.3.1.1 Market size estimation
2.3.1.2 Research methodology
2.3.2 TOP-DOWN APPROACH
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS
2.6 RISK ANALYSIS
2.7 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN MORE ELECTRIC AIRCRAFT MARKET
4.2 MORE ELECTRIC AIRCRAFT MARKET, BY APPLICATION
4.3 MORE ELECTRIC AIRCRAFT MARKET, BY KEY COUNTRIES
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Development of high-density battery solutions for more electric aircraft
5.2.1.2 Increasing use of electric technology to optimize aircraft performance
5.2.1.3 Lowering of operational and maintenance costs
5.2.1.4 Reduction in emissions and aircraft noise
5.2.1.5 Technological advancements in electric systems
5.2.2 RESTRAINTS
5.2.2.1 High capital requirements and longer clearance periods
5.2.2.2 Potential for overheating of electrical systems
5.2.3 OPPORTUNITIES
5.2.3.1 Introduction of alternative power sources for electric power generation
5.2.3.2 Advancements in power electronic components
5.2.3.3 Adoption of urban air mobility (UAM) technologies
5.2.4 CHALLENGES
5.2.4.1 Requirement for reliable cable systems
5.2.4.2 Significant increase in maximum take-off weight
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.3.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR MORE ELECTRIC AIRCRAFT MARKET
5.4 VALUE CHAIN ANALYSIS
5.5 ECOSYSTEM ANALYSIS
5.5.1 PROMINENT COMPANIES
5.5.2 PRIVATE AND SMALL ENTERPRISES
5.5.3 END USERS
5.6 TECHNOLOGY ANALYSIS
5.6.1 KEY TECHNOLOGIES
5.6.1.1 Turbogenerators for powering electric motors and batteries
5.6.1.2 Electric actuators
5.6.2 ADJACENT TECHNOLOGIES
5.6.2.1 Fly-by-wire
5.7 CASE STUDY ANALYSIS
5.7.1 HONEYWELL OPTIMIZES MORE ELECTRIC ARCHITECTURE
5.7.2 HONEYWELL SUCCESSFULLY DESIGNS AUXILIARY POWER UNIT FOR BOEING
5.7.3 ELECTRIC TAXI SYSTEMS
5.8 PRICING ANALYSIS
5.8.1 AVERAGE SELLING PRICE RANGE, BY COMPONENT
5.8.2 INDICATIVE PRICING ANALYSIS, BY COMPONENT
5.8.3 AVERAGE SELLING PRICE RANGE, BY PLATFORM, 2023
5.9 MORE ELECTRIC AIRCRAFT, BY AIRCRAFT TYPE
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
5.10.2 BUYING CRITERIA
5.11 REGULATORY LANDSCAPE
5.11.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.12 TRADE ANALYSIS
5.13 KEY CONFERENCES AND EVENTS, 2024–2025
5.14 BUSINESS MODEL
5.15 TOTAL COST OF OWNERSHIP
5.16 INVESTMENT AND FUNDING SCENARIO
5.17 BILL OF MATERIALS
5.18 TECHNOLOGY ROADMAP
5.19 IMPACT OF GENERATIVE AI
5.19.1 INTRODUCTION
5.19.2 ADOPTION OF AI IN AVIATION BY TOP COUNTRIES
5.19.3 IMPACT OF AI ON AVIATION: USE CASES
5.19.4 IMPACT OF AI ON MORE ELECTRIC AIRCRAFT MARKET
5.20 MACROECONOMIC OUTLOOK
5.20.1 NORTH AMERICA
5.20.2 EUROPE
5.20.3 ASIA PACIFIC
5.20.4 MIDDLE EAST
5.20.5 LATIN AMERICA
5.20.6 AFRICA
6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 TECHNOLOGY TRENDS
6.2.1 SHIFT FROM HYDRAULIC TO ELECTRIC LANDING GEAR
6.2.2 USE OF ELECTRICAL AND ELECTRONICS TECHNOLOGIES IN MORE ELECTRIC AIRCRAFT
6.2.2.1 Machine technologies
6.2.2.2 Power electronics
6.2.2.3 Energy management
6.2.3 ADVANCED BATTERIES
6.2.3.1 Lithium-sulfur (Li-S)
6.2.4 ELECTRIC MOTOR-DRIVEN SMART PUMPS
6.2.5 HIGH-VOLTAGE POWER DISTRIBUTION
6.2.6 ELECTRIC ACTUATION SYSTEMS (FLY-BY-WIRE)
6.2.7 3D PRINTING
6.3 SUPPLY CHAIN ANALYSIS
6.4 IMPACT OF MEGATRENDS
6.4.1 SUSTAINABLE AVIATION FUEL
6.5 PATENT ANALYSIS
7 MORE ELECTRIC AIRCRAFT MARKET, BY END USER
7.1 INTRODUCTION
7.2 CIVIL
7.2.1 FOCUS ON REDUCING EMISSIONS TO PROPEL MARKET
7.3 MILITARY
7.3.1 INCREASED DEFENSE SPENDING TO DRIVE MARKET
8 MORE ELECTRIC AIRCRAFT MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 POWER GENERATION
8.2.1 INCREASING DEMAND FOR MORE ELECTRIC ARCHITECTURE
TO FUEL MARKET
8.3 POWER DISTRIBUTION
8.3.1 ABILITY TO DETECT VOLTAGE AND PROVIDE PROMPT LOAD SHUT-OFF
TO DRIVE DEMAND
8.4 POWER CONVERSION
8.4.1 NEED TO INCREASE OPERATIONAL EFFICIENCY TO GENERATE DEMAND
8.5 ENERGY STORAGE
8.5.1 INCREASED USE OF ADVANCED BATTERY AND FUEL CELL SYSTEMS
TO BOOST MARKET
9 MORE ELECTRIC AIRCRAFT MARKET, BY PLATFORM
9.1 INTRODUCTION
9.2 FIXED-WING
9.2.1 IMPROVED FUEL CONSUMPTION AND RELIABILITY TO DRIVE DEMAND
9.2.2 NARROW-BODY AIRCRAFT (NBA)
9.2.2.1 Reduction in weight factor to drive market
9.2.3 WIDE-BODY AIRCRAFT (WBA)
9.2.3.1 Need to lower carbon footprint to fuel market
9.2.4 REGIONAL AIRCRAFT
9.2.4.1 Increase in air passenger traffic to fuel demand
9.2.5 FIGHTER JETS
9.2.5.1 Increasing military budgets to boost market
9.3 ROTARY-WING
9.3.1 NEED FOR INCREASED OPERATIONAL EFFICIENCY TO DRIVE MARKET
10 MORE ELECTRIC AIRCRAFT MARKET, BY SYSTEM
10.1 INTRODUCTION
10.2 PROPULSION SYSTEMS
10.2.1 FUEL MANAGEMENT SYSTEMS
10.2.1.1 Help reduce fuel usage
10.2.2 THRUST REVERSER SYSTEMS
10.2.2.1 Facilitate reduced brake wear
10.3 AIRFRAME SYSTEMS
10.3.1 ENVIRONMENTAL CONTROL SYSTEMS
10.3.1.1 Ensure comfortable cabin environment
10.3.2 ACCESSORY DRIVE SYSTEMS
10.3.2.1 Help increase power transmission capabilities
10.3.3 POWER MANAGEMENT SYSTEMS
10.3.3.1 Increase energy efficiency in aircraft
10.3.4 CABIN INTERIOR SYSTEMS
10.3.4.1 Used to enhance customer experience
10.3.5 FLIGHT CONTROL SYSTEMS
10.3.5.1 Employed to control aircraft direction
10.3.6 LANDING GEAR SYSTEMS
10.3.6.1 Facilitate take-off and landing
11 MORE ELECTRIC AIRCRAFT MARKET, BY COMPONENT
11.1 INTRODUCTION
11.2 POWER SOURCES
11.2.1 BATTERIES
11.2.1.1 Nickel-based batteries
11.2.1.1.1 High capacity and quick-charging capabilities
11.2.1.2 Lead-acid batteries
11.2.1.2.1 Increasing use due to low cost and limited maintenance
11.2.1.3 Lithium-based batteries
11.2.1.3.1 Wide adoption in futuristic applications requiring high energy density and low weight
11.2.2 FUEL CELLS
11.2.2.1 Increase efficiency and help to reduce fuel load
11.2.3 SOLAR CELLS
11.2.3.1 Eliminate requirement for liquid fuel
11.3 ACTUATORS
11.3.1 ELECTRIC
11.3.2 OFFER GREATER RELIABILITY
11.3.3 HYBRID ELECTRIC
11.3.4 HELP SAVE ENERGY
11.3.4.1 Electro-hydrostatic actuators (EHA)
11.3.4.2 Electro-mechanical actuators (EMA)
11.3.4.3 Electrical-backup hydraulic actuators
11.4 ELECTRIC PUMPS
11.4.1 SUITED TO NEXT-GENERATION AIRCRAFT
11.5 POWER ELECTRONICS
11.5.1 RECTIFIERS
11.5.1.1 Used for AC to DC conversion
11.5.2 INVERTERS
11.5.2.1 Facilitate DC to AC conversion
11.5.3 CONVERTERS
11.5.3.1 Provide high-quality DC electrical power for aerospace networks
11.6 DISTRIBUTION DEVICES
11.6.1 WIRES & CABLES
11.6.1.1 Increasing demand due to shift toward more electric aircraft
11.6.2 CONNECTORS & CONNECTOR ACCESSORIES
11.6.2.1 Rising need for well-connected wiring systems to boost demand
11.6.3 BUSBARS
11.6.3.1 Easy installation to increase adoption
11.7 GENERATORS
11.7.1 STARTER GENERATORS
11.7.1.1 Acts as parallel electrical power supply units
11.7.2 AUXILIARY POWER UNITS (APU)
11.7.2.1 Provide back-up electrical supply for aircraft
11.7.3 VARIABLE SPEED CONSTANT FREQUENCY (VSCF) GENERATORS
11.7.3.1 Offer more flexible electrical system architecture
11.8 VALVES
11.8.1 REGULATE GAS LEVELS IN MEA ENGINES
12 MORE ELECTRIC AIRCRAFT MARKET, BY REGION
12.1 INTRODUCTION
12.2 NORTH AMERICA
12.2.1 NORTH AMERICA: PESTLE ANALYSIS
12.2.2 US
12.2.2.1 Presence of leading OEMs to drive market
12.2.3 CANADA
12.2.3.1 Increasing R&D activities to boost market
12.3 EUROPE
12.3.1 EUROPE: PESTLE ANALYSIS
12.3.2 UK
12.3.2.1 Presence of prominent aircraft OEMs to fuel market
12.3.3 FRANCE
12.3.3.1 High investments in aerospace industry to drive market
12.3.4 GERMANY
12.3.4.1 Developments in electric propulsion technologies to drive demand
12.3.5 RUSSIA
12.3.5.1 Growing aviation sector to boost market
12.3.6 ITALY
12.3.6.1 Increasing demand for aircraft to fuel market
12.3.7 REST OF EUROPE
12.4 ASIA PACIFIC
12.4.1 ASIA PACIFIC: PESTLE ANALYSIS
12.4.2 CHINA
12.4.2.1 Growing demand for aerospace products to fuel market
12.4.3 INDIA
12.4.3.1 Rapidly expanding aviation sector to spur market growth
12.4.4 JAPAN
12.4.4.1 Increasing in-house development of aircraft to drive demand
12.4.5 SOUTH KOREA
12.4.5.1 Presence of electric component manufacturers to support market
12.4.6 AUSTRALIA
12.4.6.1 Increasing air traffic to boost demand
12.4.7 REST OF ASIA PACIFIC
12.5 MIDDLE EAST & AFRICA
12.5.1 MIDDLE EAST & AFRICA: PESTLE ANALYSIS
12.5.2 UAE
12.5.2.1 Presence of leading global airlines to drive market
12.5.3 SAUDI ARABIA
12.5.3.1 Significant growth in advanced power electronics to drive market
12.5.4 ISRAEL
12.5.4.1 Growing need to ramp up aircraft fleet to accelerate market
12.5.5 SOUTH AFRICA
12.5.5.1 Expanding tourism sector to fuel market
12.5.6 REST OF MIDDLE EAST & AFRICA
12.6 LATIN AMERICA
12.6.1 LATIN AMERICA: PESTLE ANALYSIS
12.6.2 BRAZIL
12.6.2.1 Presence of leading airlines to boost market
12.6.3 MEXICO
12.6.3.1 Government initiatives to drive market
12.6.4 REST OF LATIN AMERICA
13 COMPETITIVE LANDSCAPE
13.1 INTRODUCTION
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020–2024
13.3 RANKING ANALYSIS
13.4 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2020–2023
13.5 MARKET SHARE ANALYSIS, 2023
13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
13.6.1 STARS
13.6.2 EMERGING LEADERS
13.6.3 PERVASIVE PLAYERS
13.6.4 PARTICIPANTS
13.6.5 COMPANY FOOTPRINT
13.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
13.7.1 PROGRESSIVE COMPANIES
13.7.2 RESPONSIVE COMPANIES
13.7.3 DYNAMIC COMPANIES
13.7.4 STARTING BLOCKS
13.7.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
13.8 COMPANY VALUATION AND FINANCIAL METRICS
13.9 BRAND/PRODUCT COMPARISON
13.10 COMPETITIVE SCENARIO
13.10.1 PRODUCT LAUNCHES
13.10.2 DEALS
14 COMPANY PROFILES
14.1 INTRODUCTION
14.2 KEY PLAYERS
14.2.1 SAFRAN S.A.
14.2.1.1 Business overview
14.2.1.2 Products/Solutions/Services offered
14.2.1.3 Recent developments
14.2.1.3.1 Deals
14.2.1.4 MnM view
14.2.1.4.1 Key strengths
14.2.1.4.2 Strategic choices
14.2.1.4.3 Weaknesses and competitive threats
14.2.2 HONEYWELL INTERNATIONAL, INC.
14.2.2.1 Business overview
14.2.2.2 Products/Solutions/Services offered
14.2.2.3 Recent developments
14.2.2.3.1 Product launches
14.2.2.3.2 Deals
14.2.2.4 MnM view
14.2.2.4.1 Key strengths
14.2.2.4.2 Strategic choices
14.2.2.4.3 Weaknesses and competitive threats
14.2.3 RTX
14.2.3.1 Business overview
14.2.3.2 Products/Solutions/Services offered
14.2.3.3 Recent developments
14.2.3.3.1 Deals
14.2.3.4 MnM view
14.2.3.4.1 Key strengths
14.2.3.4.2 Strategic choices
14.2.3.4.3 Weaknesses and competitive threats
14.2.4 GENERAL ELECTRIC
14.2.4.1 Business overview
14.2.4.2 Products/Solutions/Services offered
14.2.4.3 Recent developments
14.2.4.3.1 Deals
14.2.4.4 MnM view
14.2.4.4.1 Key strengths
14.2.4.4.2 Strategic choices
14.2.4.4.3 Weaknesses and competitive threats
14.2.5 PARKER HANNIFIN CORPORATION
14.2.5.1 Business overview
14.2.5.2 Products/Solutions/Services offered
14.2.5.3 Recent developments
14.2.5.3.1 Deals
14.2.6 BAE SYSTEMS PLC
14.2.6.1 Business overview
14.2.6.2 Products/Solutions/Services offered
14.2.7 BOMBARDIER INC.
14.2.7.1 Business overview
14.2.7.2 Products/Solutions/Services offered
14.2.8 EMBRAER S.A.
14.2.8.1 Business overview
14.2.8.2 Products/Solutions/Services offered
14.2.9 LIEBHERR
14.2.9.1 Business overview
14.2.9.2 Products/Solutions/Services offered
14.2.10 AMETEK, INC.
14.2.10.1 Business overview
14.2.10.2 Products/Solutions/Services offered
14.2.10.3 Recent developments
14.2.10.3.1 Deals
14.2.11 NABTESCO CORPORATION
14.2.11.1 Business overview
14.2.11.2 Products/Solutions/Services offered
14.2.12 MOOG INC.
14.2.12.1 Business overview
14.2.12.2 Products/Solutions/Services offered
14.2.12.3 Recent developments
14.2.12.3.1 Deals
14.2.13 ASTRONICS CORPORATION
14.2.13.1 Business overview
14.2.13.2 Products/Solutions/Services offered
14.2.14 ROLLS-ROYCE PLC
14.2.14.1 Business overview
14.2.14.2 Products/Solutions/Services offered
14.2.14.3 Recent developments
14.2.15 EATON
14.2.15.1 Business overview
14.2.15.2 Products/Solutions/Services offered
14.2.16 AMPHENOL CORPORATION
14.2.16.1 Business overview
14.2.16.2 Products/Solutions/Services offered
14.3 OTHER PLAYERS
14.3.1 PBS AEROSPACE
14.3.2 AVIONIC INSTRUMENTS, LLC
14.3.3 EAGLEPICHER TECHNOLOGIES LLC
14.3.4 PIONEER MAGNETICS
14.3.5 WRIGHT ELECTRIC
14.3.6 MAGNIX
14.3.7 RADIANT POWER CORPORATION
14.3.8 AMPAIRE
14.3.9 WOODWARD
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
