The more electric aircraft market for aerospace and military is estimated to be at $17191.39 million in 2014. The market is expected to register a CAGR of 4.62% and rise to approximately $22548.59 million by 2020.
Technologies are reaching maturity, development tools are up and running, and everybody has focused their energies on common goal. The next step is to integrate this innovative approach to aircraft power management in new aircraft models. The concept is too revolutionary to be adapted to current aircraft, even for upgraded versions such as the new A320neo.
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The report also provides information on the basis of topology of distribution system and the functions of the More Electric Aircraft market. The topology of distribution system includes centralized electric power distribution system, Semi distributed electric power distribution system, advanced electric power distribution system and the fault tolerant electric power distribution system. The functions include power generation management, Flight control and operations, configuration management and Air pressurization & conditioning.
The MEA market has been segmented into four categories including technology, platforms, geography and country. This report divides the overall market into geographical segments including North America, Europe, Asia-Pacific (APAC), the Middle East, Latin America, and Africa. North America currently accountsfor the highest market shareas compared to other regions. Given the forecast period, the APAC region is expected to grow at a higher CAGR and is expected to account for the highest market share by 2020.
The leading companies in the more electric aircraft market covered in the report include Safran S.A (France), Boeing (U.S.), Airbus (France ), Honeywell International Inc(U.S.), and Raytheon (U.S.).
The more electric aircraft report carries in-depth analysis of the more electric systems market. It provides information on the various types of technology used in aerospace. The analysis has been carried out with respect to geography, technology, and the current market scenario.
It throws light on current market trends, the drivers and restraints, the challenges faced, and the opportunities that will impact growth in more electric aircraft market.
The report also delivers information about the technology roadmap that underlines the trends for the more electric technology market, and also highlights the technologies that is expected to dominate the more electric aircraft market in the future.
Asia-Pacific (APAC) is expected to restore its technology platform in the future, to meet the changing demands of the stake holders in this industry. The APAC region is projected to grow significantly during the forecast period. One of the reasons for their growth is the military Keynesianism.
The more electric aircraft market analysis exemplifies the forecast for three major types: power electronics, thermal management system, and safety system advanced management. The geographical analysis describes the more electric aircraft forecast for major regions including North America, Europe, Asia-Pacific (APAC), the Middle East, Latin America, and Africa. Currently, North America and Europe are currently dominating the market; however, the APAC region is expected to register the highest CAGR by 2020.
The report offers leading competitors in the global more electric aircraft market; the general overview of companies, along with their financial position, key products, and market sizes. The key players in this market include Boeing, Airbus, Safran S.A, Honeywell International, and Raytheon.
Market Report on More Electric Aircraft Market @
Power generation system and electric power convertor are used for commercial and business aircraft. Power generation helps the aircraft in propulsion systems, braking and landing system, electric flight control actuator, and manages electrical power from transmission to wiring.
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