More Electric Aircraft Market
More Electric Aircraft Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.) More Electric Aircraft Market 2018 More Electric Aircraft Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 More Electric Aircraft (MEA) approach is widely accepted & adopted worldwide mainly due to the growing ecological concerns. MEAs are proving to be effective in enabling the aircraft industry to witness significant improvements in terms of reducing aircraft weight, fuel consumption, enhancing aircraft reliability & maintenance reducing the total life cycle costs. Planes powered by carbon-based fuels like kerosene/gasoline are capable enough to carry a significant weight, providing the vast power required to lift large commercial airliners on journeys across the globe. However, their higher energy consumption, NOX emission, noise & Air pollution is taking its toll on quality of life. Also, with depleting oil resources & increasing greenhouse gas emissions penalties, the future of aviation is dependent on finding an alternative power source. Electrically powered aircraft is certainly the answer, accomplishing the objectives mentioned above. MEAs have evolved tremendously over the past couple of decades and the ones on Airbus 380, Lockheed F35 and Boeing 787 are the most outstanding MEAs. These aircrafts have developed mainly focusing upon replacing the secondary energy sources like hydraulic or pneumatic systems with an electric one. Recent research and development indicate that MEA will develop significantly further and progress into innovating the primary energy source. This will further increase the already growing global More Electric Aircraft market. 2 www.marketresearchfuture.com More Electric Aircraft Market 2018 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “More Electric Aircraft Market Research Report - Global Forecast 2023” Industry/ Innovation/ Related News: February 15, 2018 – Eviation Aircraft Ltd. (Israel) a Electric airplane manufacturing start-up announced that it has partnered with Kokam (South Korea) a leading battery supplier to develop its 9-seat commuter aircraft scheduled to fly by 2023. February 02, 2018 – Zunum Aero (US) announced commencement of building its first prototype electric airplane motor, and plans to put an upgraded version on a test aircraft in 2019. The company also mentioned that it is working on a new class of regional airplanes with hybrid electric propulsion systems, & scheduled to commence the service in 2022. The project is backed by the companies like JetBlue, Boeing including other investors. January 28, 2018 – Extra Aircraft Company (Germany) announced the actuation of two new seats in its electric aircraft - Extra 330LE. Matted to a Siemens electric motor the new ePlane soars up to 3,000 mtrs. in just 4.22 minutes, with a climbing rate of 11.5 m/s. The Extra 330LE is officially recognized by the FAI (Fédération Aéronautique Internationale) and has already created the best performance world record in November 2016. 3 www.marketresearchfuture.com More Electric Aircraft Market 2018 Segmentation: More Electric Aircraft have been proved effective in reducing the overall cost with the improved operations while being gentle on the environment reducing the carbon footprints. Other factors like increasing number of aircraft deliveries and the demand for fuel-efficient aircraft with less carbon emission etc. are some of the major market growth propelling factors. Prominent trend of the market observed during the analysis is shift to fuel cells usage. On the other hand, factors such as issues pertaining to the electrical power system along with the issues of electrical generator associated with the civilian and commercial usage of MEA are posing challenges to the market growth. Besides, heavy investments and lengthy clearance process required for components upgrade are restricting the market growth. Nevertheless, some of the unique advantages of MEAs like reduced noise & air pollution coupled with the demand for optimized aircraft performance will fuel the growth of the more electric aircraft market globally. Technological advancements transpired in power electronics, electro-hydrostatic actuators, fault-tolerant architecture, high density electric motors, flight control systems, power generation and conversion systems; have elevated the market growth of the MEA. Leverage to this trend of technological development aircraft OEMs are increasingly collaborating with their suppliers to design new systems and implement new electrical-intensive architectures. Browse Report @ https://www.marketresearchfuture.com/reports/more-electric-aircraft-market-1245 4 www.marketresearchfuture.com More Electric Aircraft Market 2018 Application & Major Players in this Research: More Electric Aircraft Market Prominent Players: Raytheon, Safran, Airbus, Honeywell International, The Boeing Company, Thales Group, United Technologies Corporation, Bombardier, TT Tech Computer technik, and Zodiac Aerospace SA are some of the leaders driving the Global More Electric Aircraft Market. Profiling those in its analysis MRFR finds out their strategies placing them at the forefront of completion.. . Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/1245 5 www.marketresearchfuture.com More Electric Aircraft Market 2018 More Electric Aircraft Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: In case of regional analysis of America, in 2013, there were 8,030 aircraft in service in America; 6,650 aircraft in North America; and the remaining 1,380 aircraft in Latin America. The region is expected to witness demand for 10,500 new aircraft over the next two decades. The growing demand for MEA has resulted in the emergence of advanced technologies in the field of aerospace, such as replacement of auxiliary power units with more efficient fuel cells to provide electricity on board. Another trend is the development of more electric engines pioneered by Rolls-Royce that will better support MEA. The increased usage of electrical components in aircraft is another trend in the market. Aircraft manufacturers, such as Boeing and Airbus, are investing in new electrical technologies to reduce costs and increase efficiency. This evolving trend in the presence of electrical systems in aircraft has led to the development of an all-electric aircraft. The global MEA market is highly competitive and vendors participate in variables of cost, reliability of product, quality, and customer service. To sustain and succeed in such a competitive environment, it is very important for vendors to provide cost-effective and high-quality MEA with the latest technology and materials. 6 www.marketresearchfuture.com ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. 7 www.marketresearchfuture.com THANK YOU MARKET RESEARCH FUTURE salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) 8 www.marketresearchfuture.com
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