Global More Electric Aircraft Market Report 2024

More Electric Aircraft Global Market Report 2024 – By Type( Fixed Wing, Rotary Wing, Hybrid Wing), By Aircraft System( Propulsion System, Airframe System ), By Application( Power Generation, Power Distribution, Power Conversion, Energy Storage), By End User( Civil, Military) – Market Size, Trends, And Global Forecast 2024-2033

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More Electric Aircraft Market Definition And Segments

A more electric aircraft is an aircraft that employs a greater proportion of electrical secondary power than a legacy or traditional aircraft. Electric motors generate electricity more efficiently than combustion of fossil fuels in an aviation engine.

The main types of more electric aircraft are fixed-wing, rotary-wing, and hybrid-wing aircraft. Fixed-wing aircraft refer to those that are propeller-driven or jet engine-powered and have wings that do not move. The various aircraft systems include propulsion systems and airframe systems that are applied in power generation, power distribution, power conversion, and energy storage and are used in civil and military applications.

The more electric aircraft market covered in this report is segmented –

1) By Type: Fixed Wing, Rotary Wing, Hybrid Wing

2) By Aircraft System: Propulsion System, Airframe System

3) By Application: Power Generation, Power Distribution, Power Conversion, Energy Storage

4) By End User: Civil, Military

The more electric aircraft market size has grown rapidly in recent years. It will grow from $2.86 billion in 2023 to $3.27 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to fuel efficiency demands, environmental regulations, advancements in power electronics, reduction in maintenance costs, enhanced aircraft performance, increased reliability, and redundancy.

The more electric aircraft market size is expected to see rapid growth in the next few years. It will grow to $5.5 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to adoption of distributed electric propulsion, advancements in energy storage systems, integration of sustainable aviation fuels, investment in electric propulsion research, global efforts to combat climate change, government incentives for electrification. Major trends in the forecast period include integrated modular avionics (IMA), electrified flight control systems, increased use of electric brakes, innovations in power generation, integration of distributed electric propulsion, collaborations for research and development.

Rising Air Passenger Traffic Propelling More Electric Aircraft Market Growth

The increase air passenger traffic is expected to propel the growth of the more electric aircraft market going forward. Air passenger traffic refers to the number of passengers in an aircraft. More electric aircraft are used to carry commercial and business passengers with advanced features such as computer-controlled, electrically driven propellers. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, overall air traveler numbers will reach 4.0 billion in 2024, exceeding pre-COVID-19 levels by 103%. Therefore, the rise in air passenger traffic is driving the growth of the more electric aircraft market.

Commercial Aircraft Demand Fueling More Electric Aircraft Market Growth

The increased demand for commercial aircraft is expected to propel the growth of the more electric aircraft market going forward. A commercial aircraft is an aircraft used for transporting passengers and/or cargo for payment or other consideration, including money or services rendered. More Electric Aircraft (MEA) are future-generation aircraft that can be used as commercial aircraft for carrying passenger and cargo loads. The adoption of electrical components in conjunction with various systems and sub-systems in aircraft has substantially increased the demand for More Electric Aircraft in the commercial sector. For instance, in February 2023, according to Airbus SE, a Netherlands-based aerospace corporation, there were 1,078 gross orders for commercial aircraft in 2022, up from 771 in 2021, and 820 net orders (after cancellations), up from 507 in 2021. With the consolidated order book valued at $449 billion at the end of 2022, the consolidated order intake by value increased to $90.8 billion. Therefore, the increased demand for commercial aircraft is driving the growth of the more electric aircraft market.

Major companies operating in the more electric aircraft market report are AMETEK Inc., BAE Systems PLC, Bombardier Inc., Elbit Systems Ltd., GE Aviation, Honeywell International Inc., Raytheon Technologies Corporation, Rolls-Royce Holdings PLC, Safran Group, Thales Group, Boeing, Airbus S.A.S, Lockheed Martin, Parker-Hannifin Corp., Eaton, Ampaire, Bye Aerospace, Dixion Motors Inc., Dufour Aerospace, Electric Aircraft Corporation, Embraer SA, Eviation Alice, Faradair, Joby Aviation, Longanair Ltd., Magnix, Pipistrel USA, Siemens, Wright Electric, Zunum Aero, AeroTEC

Innovation In More Electric Aircraft

Innovations in electric aircraft are a key trend gaining popularity in the more electric aircraft market. Major market players are concentrating their efforts on creating innovative technologies, such as the Spirit of Innovation Plane for more electric aircraft. For instance, in November 2021, Rolls-Royce, a UK-based company manufacturer of aircraft engines, marine propulsion systems, and power-generation systems launched its all-electric ‘Spirit of Innovation’ aircraft, the world’s fastest all-electric aircraft, having established two new, independently verified world records. The aircraft broke the previous record by 213.04 km/h, reaching a high speed of 555.9 km/h (345.4 mph) over three kilometers (132 mph). In additional tests at the Boscombe Down experimental aircraft testing facility operated by the UK Ministry of Defense, the aircraft surpassed the previous record by 292.8 km/h (182 mph) and reached 532.1 km/h (330 mph) over 15 kilometers.

All Electric Passenger Planes To Meet The Growing Demand

Major companies operating in the more electric aircraft market are focused on introducing all electric passenger planes, such as Alice, to gain a competitive edge in the market. An all-electric passenger plane is an aircraft that is fully powered by electricity, typically outfitted with rechargeable lithium-ion batteries and electric motors. For instance, in September 2022, Eviation Aircraft, a US-based developer of electric aircraft, launched Alice, the first all-electric passenger plane. The plane, which seats nine, will have the ability to travel for one hour, or about 250 nautical miles. Due to its battery-powered operation, the aircraft is noticeably slower than those with conventional engines. While the average commercial airline flies between 550 and 600 miles per hour, the Alice only permits a maximum cruise speed of 250 nautical miles. The advantage of the Alice is that the aircraft and propulsion are future-proof, so they are ready to utilize the best that batteries will have to offer as time progresses.

Textron's Acquisition Of Pipistrel Bolsters More-Electric Aircraft Portfolio

In April 2022, Textron, a US-based company that provides airborne solutions for government, military, and commercial customers, acquired Pipistrel for $235m (€218m). With this acquisition, Textron intends to increase the production facilities' capacity for manufacturing and product development. Pipistrel is a Slovenian-based more-electric aircraft manufacturer company.

Europe was the largest region in the more electric aircraft market in 2023. The regions covered in the more electric aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the more electric aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The more electric aircraft market consists of sales of airships, unmanned aircraft, vertical flight, experimental demonstrators, solar aircraft, general aviation, and airliner projects. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The more electric aircraft market research report is one of a series of new reports from The Business Research Company that provides more electric aircraft market statistics, including more electric aircraft industry global market size, regional shares, competitors with a more electric aircraft market share, detailed more electric aircraft market segments, market trends and opportunities, and any further data you may need to thrive in the more electric aircraft industry. This more electric aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

    Table Of Contents

    1. Executive Summary

    2. More Electric Aircraft Market Characteristics

    3. More Electric Aircraft Market Trends And Strategies

    4. More Electric Aircraft Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global More Electric Aircraft Market Size and Growth

    5.1. Global More Electric Aircraft Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global More Electric Aircraft Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global More Electric Aircraft Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. More Electric Aircraft Market Segmentation

    6.1. Global More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Fixed Wing

    Rotary Wing

    Hybrid Wing

    6.2. Global More Electric Aircraft Market, Segmentation By Aircraft System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Propulsion System

    Airframe System  

    6.3. Global More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Power Generation

    Power Distribution

    Power Conversion

    Energy Storage

    6.4. Global More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Civil

    Military

    7. More Electric Aircraft Market Regional And Country Analysis

    7.1. Global More Electric Aircraft Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global More Electric Aircraft Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific More Electric Aircraft Market  

    8.1. Asia-Pacific More Electric Aircraft Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China More Electric Aircraft Market  

    9.1. China More Electric Aircraft Market Overview  

    9.2. China More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India More Electric Aircraft Market  

    10.1. India More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan More Electric Aircraft Market  

    11.1. Japan More Electric Aircraft Market Overview  

    11.2. Japan More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia More Electric Aircraft Market  

    12.1. Australia More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia More Electric Aircraft Market  

    13.1. Indonesia More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea More Electric Aircraft Market  

    14.1. South Korea More Electric Aircraft Market Overview  

    14.2. South Korea More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe More Electric Aircraft Market  

    15.1. Western Europe More Electric Aircraft Market Overview

    15.2. Western Europe More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK More Electric Aircraft Market  

    16.1. UK More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany More Electric Aircraft Market  

    17.1. Germany More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France More Electric Aircraft Market  

    18.5. France More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy More Electric Aircraft Market  

    19.9. Italy More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain More Electric Aircraft Market  

    20.13. Spain More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe More Electric Aircraft Market  

    21.1. Eastern Europe More Electric Aircraft Market Overview

    21.2. Eastern Europe More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia More Electric Aircraft Market  

    22.1. Russia More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America More Electric Aircraft Market  

    23.1. North America More Electric Aircraft Market Overview

    23.2. North America More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA More Electric Aircraft Market  

    24.1. USA More Electric Aircraft Market Overview

    24.2. USA More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada More Electric Aircraft Market  

    25.1. Canada More Electric Aircraft Market Overview

    25.2. Canada More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America More Electric Aircraft Market  

    26.1. South America More Electric Aircraft Market Overview

    26.2. South America More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil More Electric Aircraft Market  

    27.1. Brazil More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East More Electric Aircraft Market  

    28.1. Middle East More Electric Aircraft Market Overview

    28.2. Middle East More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa More Electric Aircraft Market  

    29.1. Africa More Electric Aircraft Market Overview

    29.2. Africa More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. More Electric Aircraft Market Competitive Landscape And Company Profiles

    30.1. More Electric Aircraft Market Competitive Landscape

    30.2. More Electric Aircraft Market Company Profiles

    30.2.1. AMETEK Inc.

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. BAE Systems plc

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Bombardier Inc.

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Elbit Systems Ltd.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. GE Aviation

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global More Electric Aircraft Market Competitive Benchmarking

    32. Global More Electric Aircraft Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The More Electric Aircraft Market

    34. More Electric Aircraft Market Future Outlook and Potential Analysis

    34.1 More Electric Aircraft Market In 2028 - Countries Offering Most New Opportunities

    34.2 More Electric Aircraft Market In 2028 - Segments Offering Most New Opportunities

    34.3 More Electric Aircraft Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global More Electric Aircraft Market, Segmentation By Aircraft System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global More Electric Aircraft Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global More Electric Aircraft Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: AMETEK Inc. Financial Performance
  • Table 76: BAE Systems plc Financial Performance
  • Table 77: Bombardier Inc. Financial Performance
  • Table 78: Elbit Systems Ltd. Financial Performance
  • Table 79: GE Aviation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global More Electric Aircraft Market, Segmentation By Aircraft System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global More Electric Aircraft Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global More Electric Aircraft Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, More Electric Aircraft Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, More Electric Aircraft Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, More Electric Aircraft Market, Segmentation  By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: AMETEK Inc. Financial Performance
  • Figure 76: BAE Systems plc Financial Performance
  • Figure 77: Bombardier Inc. Financial Performance
  • Figure 78: Elbit Systems Ltd. Financial Performance
  • Figure 79: GE Aviation Financial Performance
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Frequently Asked Questions

What is the definition of the more electric aircraft market?

A more electric aircraft is an aircraft that employs a greater proportion of electrical secondary power than a legacy or traditional aircraft. Electric motors generate electricity more efficiently than combustion of fossil fuels in an aviation engine. For further insights on the more electric aircraft market, request a sample here

How will the more electric aircraft market drivers and restraints affect the more electric aircraft market dynamics? What forces will shape the more electric aircraft industry going forward?

The more electric aircraft market major growth driver - rising air passenger traffic propelling more electric aircraft market growth. For further insights on the more electric aircraft market, request a sample here

What is the forecast market size or the forecast market value of the more electric aircraft market ?

The more electric aircraft market size has grown rapidly in recent years. It will grow from $2.86 billion in 2023 to $3.27 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to fuel efficiency demands, environmental regulations, advancements in power electronics, reduction in maintenance costs, enhanced aircraft performance, increased reliability and redundancy. The more electric aircraft market size is expected to see rapid growth in the next few years. It will grow to $5.5 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to adoption of distributed electric propulsion, advancements in energy storage systems, integration of sustainable aviation fuels, investment in electric propulsion research, global efforts to combat climate change, government incentives for electrification. Major trends in the forecast period include integrated modular avionics (ima), electrified flight control systems, increased use of electric brakes, innovations in power generation, integration of distributed electric propulsion, collaborations for research and development. For further insights on the more electric aircraft market, request a sample here

How is the more electric aircraft market segmented?

The more electric aircraft market is segmentedThe more electric aircraft market covered in this report is segmented –
1) By Type: Fixed Wing, Rotary Wing, Hybrid Wing
2) By Aircraft System: Propulsion System, Airframe System
3) By Application: Power Generation, Power Distribution, Power Conversion, Energy Storage
4) By End User: Civil, MilitaryFor further insights on the more electric aircraft market,
request a sample here

Which region has the largest share of the more electric aircraft market? What are the other regions covered in the report?

Europe was the largest region in the more electric aircraft market in 2023. The regions covered in the more electric aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the more electric aircraft market, request a sample here.

Who are the major players in the more electric aircraft market?

Major companies operating in the more electric aircraft market report are AMETEK Inc., BAE Systems plc, Bombardier Inc., Elbit Systems Ltd., GE Aviation, Honeywell International Inc., Raytheon Technologies Corporation, Rolls-Royce Holdings plc, Safran Group, Thales Group, Boeing, Airbus S.A.S, Lockheed Martin, Parker-Hannifin Corp., Eaton, Ampaire, Bye Aerospace, Dixion Motors Inc., Dufour Aerospace, Electric Aircraft Corporation, Embraer SA, Eviation Alice, Faradair, Joby Aviation, Longanair Ltd., Magnix, Pipistrel USA, Siemens, Wright Electric, Zunum Aero, AeroTEC For further insights on the more electric aircraft market, request a sample here.

What are the key trends in the more electric aircraft market?

Major trend in the more electric aircraft market - innovation in more electric aircraft. For further insights on the more electric aircraft market, request a sample here.

What are the major opportunities in the more electric aircraft market? What are the strategies for the more electric aircraft market?

For detailed insights on the major opportunities and strategies in the more electric aircraft market, request a sample here.

How does the more electric aircraft market relate to the overall economy and other similar markets?

For detailed insights on more electric aircraft market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the more electric aircraft industry?

For detailed insights on the mergers and acquisitions in the more electric aircraft industry, request a sample here.

What are the key dynamics influencing the more electric aircraft market growth? SWOT analysis of the more electric aircraft market.

For detailed insights on the key dynamics influencing the more electric aircraft market growth and SWOT analysis of the more electric aircraft industry, request a sample here.