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Global More Electric Aircraft Market: Growth, Trends, and Forecast (Outlook to 2030)

Global More Electric Aircraft Market: Growth, Trends, and Forecast (Outlook to 2030)

Market Research Reports | Q1 2024 | Report ID: BR0334

About the Report

Relative to conventional aircraft, More Electric Aircraft (MEA) result in less dependency on carbon-based fuels, less NOx and Carbon emissions, higher efficiency, more reliability, and reduced noise, which could end night flight bans in many airports. All these attributes act as critical drivers of the more electric aircraft market, helping the aviation industry cut their fuel and maintenance expenditure and increase their profit margins. 


More electric aircraft are conventional aircraft but with the increased number of functions performed electrically by new and improved sub electric systems at a reduced weight.


More Electric Aircraft (MEA) applications demand high reliability, high availability, and high-power density. New electric-driven systems are being developed to meet these requirements and provide significant technical and economic improvements over conventional mechanical, hydraulic, or pneumatic systems. They do this while also aiming to reduce weight, complexity, fuel consumption, operational costs, and environmental impact.


Tremendous technological progress has been made with the latest-generation combustion engines and Smart electronic management, making them potentially more compatible with new digital technologies, allowing data to be collected and analyzed for greater automation, optimized flight, and better power conversion failure prediction and management. Hybrid layouts are another way to reduce weight, fuel burn, and environmental impact, especially by avoiding the need to design the main combustion engine to meet maximum power requirements, for example, at take-off.


Restraints to More Electric Aircraft Market

  • High initial capital requirement
  • Safety and reliability concerns over electrification
  • Regulatory challenges such as long airworthiness clearence time
  • Immature energy storage device technology for aviation


MEA technologies are continually evolving, which offer growth opportunities as systems continue to be enhanced. For instance, BAE Systems introduced fly-by-wire technology (an electronic system that is lighter and can save fuel). It replaced the flight control components, which were mechanical, and used cables and pulleys to connect the pilot's yoke and pedals to the aircraft's control surfaces. The system has successfully flown on more than 50 different aircrafts and accumulated more than 150 million flight hours.


As MEA technologies advance, smaller components will be used, continuing to reduce costs and improve operating efficiencies.


The transition to an all electric aircraft market, which would be controlled by small, computerized electric motors, is still many years in the future. Meanwhile, MEA will bridge two eras in aircraft technology as planes shed some of the traditional pneumatic and hydraulic systems for lighter, simpler, electric, and electronic replacements.


Recent Developments in More Electric Aircraft Market

  • Honeywell International Inc launched 'Anthem', the first cloud-connected cockpit system. It improves flight efficiency, operations, safety, and comfort; can be customized for every type of aircraft.
  • Safran has developed electric taxiing solution, with an electric motor in the landing gear, powered by the APU (Auxiliary Power Unit), so that the pilots no longer have to use jet engines for taxiing. Electric taxiing offers 4% fuel savings. This innovation is being developed with Airbus for the new A320 Neo. The technology is going to be rolled out to service in 2022 
  • Most OEMs such as Safran, Honeywell International Inc, Rolls Royce Holdings PLC are working on the electric propulsion system.


Blackridge Research's Global More Electric Aircraft Market report provides insights into the current global and regional market demand scenario and its outlook.


The study offers a detailed analysis of various factors instrumental in affecting the Global More Electric Aircraft Market's growth. The study also comprehensively analyses the global more electric aircraft market by segmenting it based on geography (North America, Europe, Asia Pacific, Rest of the World), by aircraft system (Propulsion system and Airframe system), by application, and by aircraft type.


The report also addresses present and future market opportunities, trends, developments, Covid 19 impact on the more electric aircraft market, critical commercial developments, key companies, trends, regions, and segments poised for the fastest-growth, competitive landscape.


Further, global more electric aircraft market size, demand forecast, growth rates, and trade (imports and exports) will also be provided in the report.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Analysis of Covid-19 Impact
  • 3.5 Market Opportunities
  • 3.6 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Aircraft Type
    • 5.1.1 Fixed Wing
    • 5.1.2 Rotary Wing
  • 5.2 By Aircraft System
    • 5.2.1 Propulsion System
    • 5.2.2 Airframe System
  • 5.3 By Application
    • 5.3.1 Power Generation
    • 5.3.2 Power Distribution
    • 5.3.3 Power Conversion
    • 5.3.4 Energy Storage

6. Regional Market Analysis

  • 6.1 North America
  • 6.2 Europe
  • 6.3 Asia-Pacific
  • 6.4 Rest of the World

7. Key Company Profiles

  • 7.1 EMETEK Inc
  • 7.2 OPAL RT Technologies
  • 7.3 AERTEC Group
  • 7.4 Triumph Group
  • 7.5 Embraer SA
  • 7.6 Safran SA
  • 7.7 GE Aviation
  • 7.8 Thales Group
  • 7.9 Rolls Royce Holdings
  • 7.10 Raytheon Technologies

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.3 Market Share Analysis
  • 8.4 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures


Additional Notes


  This report helps to:-

  • Gain a deeper understanding of the impact of Covid-19 on the Global More Electric Aircraft Market.
  • Equip yourself with rigorous analysis and forward-looking insights into the global more electric aircraft market across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market data and forecasts to understand how the demands across various segments evolve over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position.

  Who need this report?

  • OEMs, Contract Manufacturers & Suppliers
  • Urban Air Mobility Operators 
  • regulatory agencies
  • Investor Community
  • Government Bodies and Industry Organizations
  • Others

  What's included

Report - Global More Electric Aircraft Market Outlook to 2030.pdf
Market Data - Global More Electric Aircraft Market Outlook to 2030.xls

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