More Electric Aircraft Market to Reach $10 Billion by 2021 - Reduction in Operating & Maintenance Cost is Leading to Growth - Research and Markets
DUBLIN, Dec 8, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "More Electric Aircraft Market by Technology, Application, Platform, and Region - Global Forecast to 2021" report to their offering.
The more electric aircraft market is projected to grow at a CAGR of 7.33% during the forecast period
The market is primarily driven by 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. Whereas, high amount of investment and lengthy clearance process for upgradation of components act as some of the major restraints for the more electric aircraft market.
The manufactured components need approval from various authorities, such the U.S. Federal Aviation Administration (FAA) and International Civil Aviation Organization (ICAO), before they are installed on board an aircraft. It is also difficult to obtain approval for the replacement of conventional systems with electric systems in an aircraft.
North America is expected to lead the more electric aircraft market during the forecast period. Countries in this region include the U.S. and Canada. The more electric aircraft market in North America is driven by the large number of original component manufacturers (OCMs) and original equipment manufacturers (OEMs), major technological upgradation of existing equipment by key players, and the presence of key market players, such as General Electric Co. (U.S.), The Boeing Company (U.S.), and United Technologies Corporation (U.S.).
Companies Mentioned:
- Bombardier Inc.
- Financial Highlights
- Honeywell International, Inc.
- Raytheon Company
- Safran SA
- Thales Group
- the Airbus Group
- the Boeing Company
- TTTech Computertechnik AG
- United Technologies Corporation
- Zodiac Aerospace SA
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 More Electric Aircraft Market, by Technology
8 More Electric Aircraft Market, by Application
9 More Electric Aircraft Market, by Platform
10 Regional Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/5m6hwn/more_electric
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