More Electric Aircraft Market research report for Aerospace and Defense Industry categorizes global market by Platform (Military, Commercial and UAV ), Technology (Thermal Management System, Power Electronics, Safety Systems and Advanced Material) & by Geography (North America, Europe, APAC, Middle East, Latin America and Africa)
Dallas, TX -- (SBWIRE) -- 10/22/2014 -- The more electric aircraft market is estimated to be at $17191.39 million in 2014 and expected to register a CAGR of 4.62% to reach $22548.59 million by 2020.
The aviation industry calls for aircraft that are more fuel efficient than the current fleet. Super conducting machine offers the only viable path to reach the power densities needed in airborne applications; the main issue involved in using superconductors for aero propulsion is to investigate the feasibility of superconducting electric propulsion and to integrate in aircraft. Superconductivity enables technology for more efficient turbo-electric aircraft of the future.
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This report describes the analysis and forecast of the more electric aircraft market. It is segmented on the basis of types, regions, and countries. The report highlights factors driving the market, along with its restraints. It also contains a brief about the recent technologies, market, and industry trends.
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 growth in the MEA market has been propelled by the use of autonomous systems in the market. The need for optimized aircraft performance, decrease in operational and maintenance cost, reducing gas emissions and airport noise, and the tremendous increase in aircraft deliveries have been growth factors for the MEA market . The restraints identified in the market include macro-economic shocks and regulatory issues. The challenges faced by this market includethermal management in electrical systems, reliability of electrical systems in harsh environment, and the optimization of the mass of electrical systems.
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Among the threetechnology types including power electronics, thermal management system, and advanced materials & safety system; the power electronics market is expected to account for the highest market share during the forecast period.
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.
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