DUBLIN--(BUSINESS WIRE)--Sep 12, 2018--The "Global More-Electric Aircraft Market - Segmented by Product Type, Application, and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The Opportunities for These Systems are Immense in Military Applications

MEAs find major acceptance and application from the military, due to the inherent nature of silent electric engine operation. The military needs aircraft that can fly low and not be detected during ISR, and hence MEAs are widely used for small electric aircraft and UAVs.

Some militaries use small electric aircrafts and UAVs to train their pilots in air-to-air combat. The MEA brings in the integration of systems for control and intelligence of operating in-flight systems.

The more-electric approach has allowed aircraft industry to reduce loss in propulsion thrust by 59% just by converting pneumatic/hydraulic/mechanical actuator systems into power electronics.

The Need to Minimize Greenhouse Gas Emissions Will Drive the Market

The Environmental Protection Agency (EPA) had declared that jet engine exhaust endangers public health to a significant extent by contributing to climate change. The agency is in the process of developing regulations which are meant to reduce carbon emissions from commercial aircrafts. It is reported that large commercial jets usually account for 11 percent of all emissions from the global transportation sector. Aircraft emissions are usually expected to grow by 50 percent by 2050 with the increase in the demand for air travel.

The Clean Sky initiative launched in public-private partnership between the European Commission and the European aeronautics industry had announced plans to improve the MEA performance to reach 20-30% lesser fuel consumption and related CO2 emissions. Airbus and Boeing are two aircraft dealers operating MEA, and Boeing's B787 is the only aircraft in the MEA segment which has successfully balanced fuel consumption and weight to deliver power equal to that of a fully ATF powered aircraft engine.

Although the range of flight is slightly less compared to other aircraft in the same engine power segment, the cost of operation has reduced by few dollars per person, per mile. Geographically the MEAs are expected to make sales in the EU and US region where the push for pollution-free vehicles is strong.

Key Market Developments

Oct, 2017: Zunum Aero has revealed its plans to fly a hybrid electric aircraft 2020. The aircraft would have a range of around 700 miles at launch which indicates that the aircraft will be suitable for regional air transport, and the plan is to extend the flying range to 1,000 miles by 2030 which will make these aircraft commercially viable across the world.

Companies Featured

Airbus Boeing Rolls Royce Raytheon Company United Technologies Corporation Thales Group Honeywell International Inc. Safran SA Lockheed Martin Corporation Zodiac Aerospace SA Bombardier Inc. Rockwell Collins

Key Topics Covered

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Global More-Electric Aircraft Market, Segmented By Platform

6. Global More-Electric Aircraft Market, Segmented By Technology

7. Global More-Electric Aircraft Market, Segmented By Geography

8. Competitive Landscape

9. Key Vendor Analysis

10. Future Market Outlook

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Related Topics:Aircraft

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT AIR MANUFACTURING AEROSPACE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/12/2018 02:29 PM/DISC: 09/12/2018 02:29 PM

http://www.businesswire.com/news/home/20180912005946/en