More Electric Aircraft Market to Grow at 14.84% CAGR During the Forecast Period from 2020 to 2025
The global more electric aircraft market is gaining widespread importance owing to increasing efforts from companies such as major OEMs and aircraft system providers as well as their increasing investment for developing enhanced technological systems
By: BIS Research
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In a more electric aircraft (MEA), the aircraft employs more electrical equipment in place of systems that would earlier have been mechanical, hydraulic, or pneumatic. The B737 became the first aircraft which introduced electrical cabin equipment and avionics. After this, MEA trend followed the introduction of the fly by wire (FBW) system in the Airbus A320 in the late 1980s. This MEA concept then led to the introduction of the A380 and the employment of an electrically actuated thrust reverser, along with hybrid electro-hydraulic actuation systems for wing and tail flight control surfaces. After this, the 787 became the first large commercial aircraft to have an electrically powered environmental control system (ECS) and to implement electrically actuated brakes, as well as electrical de-icing.
The key drivers in the move toward more electric aircraft are reduced system weight, ease of maintenance, increased engine efficiency, reduction of engine use on ground, controllability, automatic reconfiguration, and advanced diagnostics and prognostics.
The more electric aircraft market is expected to have significant growth during the forecast period 2020-2025. The factors attributing to the growth of the market include the need for light, efficient, high power density generators and motors, focus on optimization of aerodynamic structure and engine, decrease in operational and maintenance cost in more electric aircraft, development of high-density battery for capacity and performance, and shift toward electric propulsion. However, the market is also facing technological challenges such as overall system power demands and battery performance in the electrification of aircraft.
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The global more electric aircraft market is led by various players who are actively partnering with each other to support the trend toward more electric architecture. The key players that are actively participating in the more electric aircraft market include Boeing, Thales, Raytheon Technologies Corporation (previously UTC), TTTech Computertechnik AG, Safran, Lockheed Martin, Rolls Royce, Israel Aerospace Industries (IAI), Honeywell International, Inc., GE Aviation, Elbit Systems, BAE Systems, Bombardier, Astronics, and Airbus, among others.