More Electric Aircraft Market's Journey to USD 7.3 Billion by 2027

Posted by Sandeep Roy on August 21st, 2023

Aviation aficionados and industry enthusiasts, brace yourselves for a captivating journey into the world of cutting-edge technology and sustainable aviation. The latest market report titled "More Electric Aircraft Market" is here, shedding light on a transformation that's set to redefine the skies!

Key Insights:

The More Electric Aircraft Market is projected to surge from USD 4.1 Billion in 2022 to a staggering USD 7.3 Billion by 2027, boasting a remarkable CAGR of 12.6% during the forecast period.

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What's propelling this growth? It's a blend of improved aircraft performance, reduced operational and maintenance costs, and a significant decrease in emissions and noise pollution - driving a paradigm shift in the aviation landscape.

While soaring toward innovation, challenges are also on the horizon: increased investments and elongated clearance periods may pose obstacles to market growth in the coming years.

Spotlight on Opportunities:

High-density battery solutions and alternative power sources for electric power production are poised to revolutionize the industry.

Advanced power electronic components are opening doors to limitless possibilities for the more electric aircraft sector.

Market Details:

For an in-depth dive into the nitty-gritty, peruse the comprehensive report containing 320 market data tables, 60 figures, and an exhaustive table of contents.

Taking Flight - Segment Highlights:

Aircraft Types: The market spans both fixed-wing and rotary-wing aircraft. Enhanced auxiliary power systems are poised to redefine the fixed-wing segment, while advancements in power electronics promise to boost the rotary-wing sector.

End-Users: The commercial and military sectors are set to embrace the more electric aircraft trend. From civil airplanes transporting passengers and cargo to military tactical airlifters aiding airborne refueling and medical evacuation - the sky is not the limit!

Global Perspectives:

The report delves into regions that shape the industry landscape. Europe takes the lead, driven by key players and industry giants like Airbus, Thales Group, and Safran S.A. Meanwhile, Asia-Pacific, led by powerhouses such as China and Japan, is projected to be a major growth catalyst.

Key Market Players:

The key market players in the more electric aircraft market are AMETEK (US), Safran (France), Astronics Corporation (US), Amphenol Corporation (US), Honeywell International, Inc (US), Meggitt (UK), Safran S.A. (France), Rolls Royce Plc (UK), Raytheon Technologies Corporation (US), Thales Group (France), and General Electric (US).

Browse in-depth TOC on “More Electric Aircraft Market Trends, Market Report, Market Value, Market Forecast & Market Growth” @

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Sandeep Roy

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Sandeep Roy
Joined: August 7th, 2019
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