More Electric Aircraft (MEA) Global Market – Overview

Higher energy consumption, NOX emission and noise & Air pollution is taking its toll on quality of life. These critical matters need to be addressed due to such threats and even survivability of our future generations. Recently, significant efforts have been made to address these environmental and resource conservation issues.

The nature of the More Electric Aircraft (MEA) approach has made itself an integral part of the solution to accomplish the objectives listed above. There are two energy sources on conventional aircraft. The primary source that is engines on the aircraft and the secondary sources that are electric, pneumatic, and hydraulic systems powered by the primary source. In the last fifteen years, tremendous progress has been made in MEA, with the most outstanding being the ones on Boeing 787, Airbus 380, and Lockheed F35. These efforts have been mainly focused in the area of the secondary energy sources, i.e. replacing the pneumatic or hydraulic system with an electric on. Traditionally, the pneumatic system is utilized to power the environmental control system (ECS) and the anti/de-icing system, and the hydraulic system is used for flight control actuation, utility actuation, landing gear, etc. Recent research and development indicate that MEA will develop significantly further and progress into innovating the primary energy source.

The use of electrical system has reduced the overall cost, thus result in improved operation. This also helps to control emission. The challenges associated with the market are the issues with electrical power system, issues in electrical generator associated with civilian and commercial usage of more electric aircraft. According to a recent study report published by the Market Research Future, Globally, the market for More Electric Aircraft has increased its market growth in recent years and is expected to grow at a rapid pace during the forecast period. The global market of MEA is forecasted to witness a thriving growth by 2021, surpassing its previous growth records in terms of value with a striking CAGR of around 4% during the anticipated period (2016 – 2021).

Shift to usage of fuel cells is one of the major market trends in the global more electric aircraft market. Factors such as rise in the number of aircraft deliveries, reduction in operating and maintenance cost, and need for fuel-efficient aircraft with less carbon emission, among others are evaluated as major market growth propelling factors. Additionally, factors such as decrease in airport noise, and the need for optimized aircraft performance have fueled the market growth of MEA. On the other hand, high amount of investment and lengthy clearance process for upgradation of components pose as some of the major restraints for the more electric aircraft market.

Full Report @ https://www.marketresearchfuture.com/reports/more-electric-aircraft-market-1245

More Electric Aircraft Global Market – Key Players

The leading market players in the global more electric aircraft market primarily include Airbus, Honeywell International, Raytheon, Safran, The Boeing Company, United Technologies Corporation, Thales Group, Zodiac Aerospace SA, Bombardier, and TTTech Computertechnik.

More Electric Aircraft Global Market – Segmentation

The Global MEA Market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation By Application : Comprises Commercial, Military and UAV.

Segmentation By Platform : Comprises Commercial Aircraft, UAV and Military Aircraft.

Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

In 2015, commercial application has 70% of the market share and will dominate the market in forecast period, followed by military and UAV platform.