Market Synopsis:

More Electric Aircraft Market Research Report- Global Forecast to 2023

 The technological advances in the field of power electronics, high-density electric motors, flight control systems, fault-tolerant architecture, power generation and conversion systems have ushered the era of the More Electric Aircraft (MEA). The latest report published by Market Research Future (MRFR) reveals that the global more electric aircraft market will incur expansion at 4% CAGR throughout the forecast period 2017 to 2023.

The adoption of MEA is enabling the aircraft industry to unlock significant developments such as aircraft reliability, lesser oil consumption, etc. The utilization of electrical appliances in aircraft has elevated the performance level and lowered the associated operational cost. Other factors that are responsible for the growth of the market are enhanced reliability, reduction in weight of the aircraft, reduced loss in propulsion, etc.

The adoption of MEA is accelerating in the defense sector which is expected to amplify demand in the global MEA market over the next couple of years. The widespread acceptance of the technology in military operations is due to its silent electric engine operation which enables them to fly low without being detected. The initiatives taken by governments for reducing carbon emissions has introduced developments in the performances of MEA.

The major restraints to the growth of the market which will affect the market expansion adversely over the assessment period are requirement for enormous electric power, thermal management, etc.

Market Segmentation:

By application, the global more electric aircraft market has been segmented into commercial, and, military.

By platform, the global market for more electric aircraft is segmented into fixed wing aircraft, rotary wing aircraft, and, unmanned aerial vehicle (UAV).

Global More Electric Aircraft Market Report Information by Application (Commercial and Military), by Platform (Fixed Wing Aircraft, Rotary Wing Aircraft, and UAV), and by Region - Forecast To 2023 : https://www.marketresearchfuture.com/reports/more-electric-aircraft-market-1245