Fast Market Research announces the availability of the new TechNavio report, "Global More Electric Aircraft Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/18/2015 -- More electric aircrafts are advanced next generation aircrafts that make more use of electrical systems to reduce the use of non-propulsive power systems like mechanical, hydraulic, and pneumatics. This has resulted in reduced weight of the aircraft, leading to low cost of ownership, less usage of fuel, reduced emissions, and other benefits.
Technavio's analysts forecast the global more electric aircraft market to grow at a CAGR of 3.79% over the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said, "One major trend in this market is a fuel cell transforms chemical energy from using fuel into electricity through a chemical reaction. The increased use of fuel cells in aircraft is because of their multiple uses. For instance, the use of fuel cells in combination with turbines, compressors, and other components of the APU will increase the efficiency of converting fuel into electricity by 60%. "
Get More Details on this Report and a Full Table of Contents at Global More Electric Aircraft Market 2015-2019
According to the report, one key driver of this market is the cost associated with ownership and operation. The use of more electric equipment in the aircraft has resulted in the replacement of the heavier and costlier mechanical and pneumatic systems. The use of electrical systems has reduced the weight of the aircraft by 3,307 lbs and led to a reduction in the overall cost of manufacturing the aircraft.
Further, the report states that one of the major challenges is the issues with Electrical Power System. Traditional aircraft use a fluctuating wild frequency AC as the source of power generation, but MEA need a controlled frequency AC with controlled voltage as well as 270V DC power distribution architecture, including distribution topology and generation and power conversion, as they consume 10 times more electric power than traditional aircraft.
The key players in Global More Electric Aircraft Market: Airbus, Boeing, Honeywell International, Raytheon and Safran while other prominent vendors include Bombardier, Thales Group, United Technologies and Zodiac Aerospace.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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