More Electric Aircraft Market - By Aircraft Type , By Technology , By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030

Report Code: AD 68101 Report Format: PDF + Excel

More Electric Aircraft Market Overview

More Electric Aircraft market size is forecast to reach US$10.2 billion by 2030, after growing at a CAGR of 11.8% during 2024-2030. A More Electric Aircraft (MEA) is an aircraft that uses electrical power for most of its non-propulsive systems instead of hydraulic and pneumatic systems. Rising fuel costs are pushing airlines to adopt systems that reduce fuel consumption. This is the main driver for MEA. As per the ICAO, the amount of CO2 emissions from aviation is set to grow around 3-4% per year. Regulatory pressure to reduce carbon emissions is driving MEA adoption. Additionally, electrification reduces overall weight by replacing heavy mechanical systems thereby improving performance.

One of the recent trends is innovation in battery technology. The future of More Electric Aircraft for both commercial and individual use has been shaped by revolutionary advancements in battery technology. Improved battery technology, with higher energy density and faster charging times, is enabling longer flight ranges and shorter turnaround times for More Electric Aircraft. Furthermore, MEA can achieve faster charging times with improved energy densities and efficient cooling systems. Another trend is investments and partnerships.  In November 2023, Beta Technologies, electric aircraft manufacturer received $300 million investment in a Series C funding led by Qatar’s sovereign wealth fund. Significant investments from both public and private sectors are driving the development of More Electric Aircraft technologies. Collaborations between aerospace companies, battery manufacturers and technology firms are accelerating innovation.

More Electric Aircraft Market - Report Coverage:

The “More Electric Aircraft Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the More Electric Aircraft Market.

Attribute Segment

By Aircraft Type
  • Commercial
  • Defense
  • Fixed Wing
  • Rotary Wing
  • Unmanned Aerial Vehicles

By Technology
  • Safety Systems and Advanced Material
  • Power Electronics
  • Energy Storage Devices
  • Thermal Management Systems

By Geography

  • North America (U.S, Canada and Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Netherlands, Belgium and Rest of Europe),
  • Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia and Rest of Asia-Pacific),
  • South America (Brazil, Argentina, Chile, Colombia and Rest of South America)
  • Rest of the World (Middle East and Africa).

COVID-19 / Ukraine Crisis - Impact Analysis:  

  • COVID-19 pandemic significantly disrupted the global aviation industry. Investor interest in cutting-edge technology like more electric aircraft declined as a result of the pandemic. Disruptions to the global supply chain further slowed down development by postponing the acquisition of vital parts needed for the creation of More Electric Aircraft.
  • Russia-Ukraine war has had significant global implications on the aviation industry. The war has led to global supply chain disruptions affecting the availability of critical components like batteries, electronics and rare earth metals. These disruptions delayed production timelines and led to increased costs for More Electric Aircraft manufacturers.

Key Takeaways

North America dominates the market

North America dominates the More Electric Aircraft market with a market share of 11.8%. Electric aviation has been strongly supported by the US government, which has contributed a substantial amount of money and assistance to research and development. In August 2024, Federal Aviation Administration awarded ZeroAvia $4.2 Million US federal grant to advance electric propulsion for clean aviation. Additionally, the presence of major players such as Boeing, RTX, Bombardier and more coupled with strong manufacturing capabilities places the region at the forefront of the aviation sector. Furthermore, stringent emission regulations from organizations like the FAA are pushing regional players to accelerate the adoption of MEA solutions.

Commercial is the Largest Segment

More Electric Aircraft, powered by electricity instead of fossil fuels, offer a promising solution to the aviation industry's environmental impact. By utilizing electric motors to drive propellers or turbines, these aircraft significantly reduce greenhouse gas emissions and air pollution. Heavy investments are made from companies like Rolls-Royce to achieve the milestone in aviation industry.  In 2021, Rolls-Royce's electric plane, the Spirit of Innovation, achieved a remarkable milestone by reaching a top speed of 555.9 km/h over a three-kilometer distance. This record-breaking flight was powered by a 400kW electric powertrain and a high-energy-density battery pack. As battery technology advances and infrastructure develops, More Electric Aircraft have the potential to revolutionize air travel, making it more sustainable and environmentally friendly. Electric planes will be a crucial part of its future, potentially impacting commercial air travel in numerous ways such as cost saving and reduction in noise. 

Energy Storage Devices dominates the market

Energy storage devices, primarily batteries, are currently the dominant technology powering More Electric Aircraft because of the need for high-capacity energy storage known as the pillar of the More Electric Aircraft revolution. As the aviation industry seeks to reduce its carbon footprint and achieve cleaner energy sources, advancements in battery technology and other energy storage systems are opening new possibilities for electric aviation. These developments are making the way for a more sustainable future of air travel. According to Physics World, recent breakthrough in battery technology, achieving an energy density of over 700 Wh/kg, could revolutionize electric aviation. This high-energy-density battery enables longer flight ranges and faster charging, bringing electric flight closer to reality. As the industry grow, energy storage devices will transition from being a limiting factor to the most empowering technology in aviation.

Growing demand for sustainable aviation

The aviation industry is facing increasing pressure to reduce its carbon footprint. According to the International Energy Agency (IEA), aviation is responsible for around 2-3% of global carbon emissions. Governments worldwide are implementing stricter regulations to limit emissions from the aviation sector, electric aviation is rising as a critical solution to decarbonize the skies. MEAs offer the potential for significant cost savings because fuel is an important operating expenditure. They also considerably reduce noise pollution, which benefits nearby communities as well as travellers. It is expected that airplanes will transition to electric ones given net zero goals and growing environmental consciousness. Therefore, in coming years More Electric Aircraft will play an important role in achieving strict regulation implemented by the governing bodies and achieving net-zero emissions.

Electromagnetic Influences and Their Effect on Signal Transmission is a Challenge

Electromagnetic interference (EMI) is a significant challenge for More Electric Aircraft as the electrification of traditionally mechanical and hydraulic systems introduces a higher volume of electrical signals and power lines. High-density electric motors, power converters and actuators generate electromagnetic fields that can disrupt signal transmission leading to communication delays or malfunctions. The use of high-frequency devices such as those found in communication systems and radar can exacerbate EMI problems. The extensive wiring in MEAs can act as antennas radiating and receiving electromagnetic waves. These interferences can affect avionics, flight control systems and navigation equipment compromising safety and reliability.

More Electric Aircraft Market

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Key Market Players

Global More Electric Aircraft top 10 companies include:

  1. Thales Group
  2. Safran SA
  3. Rolls Royce Holdings Plc
  4. RTX
  5. Bombardier Inc.
  6. Airbus
  7.  Honeywell International Inc.
  8. BAE Systems
  9. Zodiac Aerospace
  10. Boeing

Scope of the Report: 

Report Metric Details

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

11.8%

Market Size in 2030

$10.2 Billion

Segments Covered

By Aircraft Type, By Technology and By Geography.

 

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands, Belgium and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Thailand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players
  1. Thales Group
  2. Safran SA
  3. Rolls Royce Holdings Plc
  4. RTX
  5. Bombardier Inc.
  6. Airbus
  7. Honeywell International Inc.
  8. BAE Systems
  9. Zodiac Aerospace
  10. Boeing

For more Aerospace and Defense Market reports, please click here

  1. More Electric Aircraft Market- Market Overview
          1.1 Definitions and Scope
  2. More Electric Aircraft Market- Executive Summary
          2.1 Key trends by Aircraft Type
          2.2 Key trends by Technology
          2.3 Key trends by Geography
  3. More Electric Aircraft Market– Landscape
          3.1 Comparative analysis
                    3.1.1 Market Share Analysis- Major Companies
                    3.1.2 Product Benchmarking- Major Companies
                    3.1.3 Major 5 Financials Analysis
                    3.1.4 Patent Analysis- Top Companies
                    3.1.5 Pricing Analysis (ASPs will be provided)
  4. More Electric Aircraft Market- Startup companies Scenario Premium 
          4.1 Top startup company Analysis by
                    4.1.1 Investment
                    4.1.2 Revenue
                    4.1.3 Market Shares
                    4.1.4 Market Size and Application Analysis
                    4.1.5 Venture Capital and Funding Scenario
  5. More Electric Aircraft Market– Industry Market Entry Scenario Premium 
          5.1 Regulatory Framework Overview
          5.2 New Business and Ease of Doing business index
          5.3 Successful venture profiles
          5.4 Customer Analysis – Major companies
  6. More Electric Aircraft Market- Market Forces
          6.1 Market Drivers
          6.2 Market Constraints
          6.3 Porters Five Force Model
                    6.3.1 Bargaining Power of Suppliers
                    6.3.2 Bargaining Powers of Buyers
                    6.3.3 Threat of New Entrants
                    6.3.4 Competitive Rivalry
                    6.3.5 Threat of Substitutes 
  7. More Electric Aircraft Market– Strategic Analysis
          7.1 Value/Supply Chain Analysis
          7.2 Opportunity Analysis
          7.3 Product/Market Life Cycle
          7.4 Distributor Analysis – Major Companies 
  8. More Electric Aircraft Market- By Type (Market Size -$Million / $Billion)
          8.1 Commercial
                    8.1.1 Narrow Body Aircraft
                    8.1.2 Wide Body Aircraft
          8.2 Defense
          8.3 Fixed Wing
          8.4 Rotary Wing
          8.5 Unmanned Aerial Vehicles
  9. More Electric Aircraft Market- By Technology (Market Size -$Million / $Billion) 
      9.1    Safety Systems and Advanced Material
      9.2    Power Electronics
      9.3    Energy Storage Devices
            9.3.1    Battery Systems
            9.3.2    Fuel Cell Systems
      9.4    Thermal Management Systems
  10. More Electric Aircraft Market- By Geography 
          10.1 North America
                    10.1.1 USA
                    10.1.2 Canada
                    10.1.3 Mexico
          10.2 Europe
                    10.2.1 UK
                    10.2.2 Germany
                    10.2.3 France
                    10.2.4 Italy
                    10.2.5 Netherlands
                    10.2.6 Spain
                    10.2.7 Belgium
                    10.2.8 Denmark
                    10.2.9 Rest of Europe
          10.3 Asia-Pacific
                    10.3.1 China
                    10.3.2 Japan
                    10.3.3 India
                    10.3.4 South Korea
                    10.3.5 Australia 
                    10.3.6 New Zealand
                    10.3.7 Rest of APAC
          10.4 South America
                    10.4.1 Brazil
                    10.4.2 Argentina
                    10.4.3 Rest of South America
          10.5 Rest of the World
                    10.5.1 Middle East
                    10.5.2 Africa
  11. More Electric Aircraft Market– Entropy
          11.1 New Product Launches
          11.2 M&As, Collaborations, JVs and Partnerships
  12. More Electric Aircraft Market– Industry/Segment Competition Landscape 
           12.1.    Market Share Analysis
                 12.1.1    Market Share by Country - Top Companies
                 12.1.2    Market Share by Region - Top Companies
                 12.1.3    Market Share by Type of Application - Top Companies
                 12.1.4    Market Share by Type of Product/Product Category - Top Companies
      12.2.    Competition Matrix
      12.3.    Best Practices for Companies
  13. More Electric Aircraft Market– Key Company List by Country Premium 
  14. More Electric Aircraft Market Company Analysis
      14.1    Thales Group
      14.2    Safran SA
      14.3    Rolls Royce Holdings Plc
      14.4    RTX
      14.5    Bombardier Inc.
      14.6    Airbus
      14.7    Honeywell International
      14.8    BAE Systems
      14.9    Zodiac Aerospace
      14.10    Boeing
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LIST OF TABLES

1.Global More Electric Aircraft Market, By Platform Market 2023-2030 ($M)
1.1 Commercial Market 2023-2030 ($M) - Global Industry Research
1.1.1 Narrow Body Aircraft Market 2023-2030 ($M)
1.1.2 Very Large Body Aircraft Market 2023-2030 ($M)
1.1.3 Wide Body Aircraft Market 2023-2030 ($M)
1.2 Defense Market 2023-2030 ($M) - Global Industry Research
1.3 Fixed Wing Market 2023-2030 ($M) - Global Industry Research
1.4 Rotary Wing Market 2023-2030 ($M) - Global Industry Research
1.5 Unmanned Aerial Vehicles Market 2023-2030 ($M) - Global Industry Research
2.Global More Electric Aircraft Market, By Technology Market 2023-2030 ($M)
2.1 Safety Systems and Advanced Material Market 2023-2030 ($M) - Global Industry Research
2.2 Power Electronics Market 2023-2030 ($M) - Global Industry Research
2.3 Energy Storage Devices Market 2023-2030 ($M) - Global Industry Research
2.3.1 Battery Systems Market 2023-2030 ($M)
2.3.2 Fuel Cell Systems Market 2023-2030 ($M)
2.4 Thermal Management Systems Market 2023-2030 ($M) - Global Industry Research
3.Global Company Profiling Market 2023-2030 ($M)
3.1 Rolls Royce Market 2023-2030 ($M) - Global Industry Research
3.2 Honeywell International, Inc. Market 2023-2030 ($M) - Global Industry Research
3.3 Thales Group Market 2023-2030 ($M) - Global Industry Research
3.4 Lockheed Martin Market 2023-2030 ($M) - Global Industry Research
3.5 Zodiac Aerospace Sa Market 2023-2030 ($M) - Global Industry Research
3.6 Safran Sa Market 2023-2030 ($M) - Global Industry Research
3.7 United Technologies Corporation Market 2023-2030 ($M) - Global Industry Research
3.8 Airbus Market 2023-2030 ($M) - Global Industry Research
3.9 Raytheon Company Market 2023-2030 ($M) - Global Industry Research
3.10 Bombardier Inc. Market 2023-2030 ($M) - Global Industry Research
4.Global More Electric Aircraft Market, By Platform Market 2023-2030 (Volume/Units)
4.1 Commercial Market 2023-2030 (Volume/Units) - Global Industry Research
4.1.1 Narrow Body Aircraft Market 2023-2030 (Volume/Units)
4.1.2 Very Large Body Aircraft Market 2023-2030 (Volume/Units)
4.1.3 Wide Body Aircraft Market 2023-2030 (Volume/Units)
4.2 Defense Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Fixed Wing Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Rotary Wing Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Unmanned Aerial Vehicles Market 2023-2030 (Volume/Units) - Global Industry Research
5.Global More Electric Aircraft Market, By Technology Market 2023-2030 (Volume/Units)
5.1 Safety Systems and Advanced Material Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Power Electronics Market 2023-2030 (Volume/Units) - Global Industry Research
5.3 Energy Storage Devices Market 2023-2030 (Volume/Units) - Global Industry Research
5.3.1 Battery Systems Market 2023-2030 (Volume/Units)
5.3.2 Fuel Cell Systems Market 2023-2030 (Volume/Units)
5.4 Thermal Management Systems Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Company Profiling Market 2023-2030 (Volume/Units)
6.1 Rolls Royce Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Honeywell International, Inc. Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Thales Group Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Lockheed Martin Market 2023-2030 (Volume/Units) - Global Industry Research
6.5 Zodiac Aerospace Sa Market 2023-2030 (Volume/Units) - Global Industry Research
6.6 Safran Sa Market 2023-2030 (Volume/Units) - Global Industry Research
6.7 United Technologies Corporation Market 2023-2030 (Volume/Units) - Global Industry Research
6.8 Airbus Market 2023-2030 (Volume/Units) - Global Industry Research
6.9 Raytheon Company Market 2023-2030 (Volume/Units) - Global Industry Research
6.10 Bombardier Inc. Market 2023-2030 (Volume/Units) - Global Industry Research
7.North America More Electric Aircraft Market, By Platform Market 2023-2030 ($M)
7.1 Commercial Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Narrow Body Aircraft Market 2023-2030 ($M)
7.1.2 Very Large Body Aircraft Market 2023-2030 ($M)
7.1.3 Wide Body Aircraft Market 2023-2030 ($M)
7.2 Defense Market 2023-2030 ($M) - Regional Industry Research
7.3 Fixed Wing Market 2023-2030 ($M) - Regional Industry Research
7.4 Rotary Wing Market 2023-2030 ($M) - Regional Industry Research
7.5 Unmanned Aerial Vehicles Market 2023-2030 ($M) - Regional Industry Research
8.North America More Electric Aircraft Market, By Technology Market 2023-2030 ($M)
8.1 Safety Systems and Advanced Material Market 2023-2030 ($M) - Regional Industry Research
8.2 Power Electronics Market 2023-2030 ($M) - Regional Industry Research
8.3 Energy Storage Devices Market 2023-2030 ($M) - Regional Industry Research
8.3.1 Battery Systems Market 2023-2030 ($M)
8.3.2 Fuel Cell Systems Market 2023-2030 ($M)
8.4 Thermal Management Systems Market 2023-2030 ($M) - Regional Industry Research
9.North America Company Profiling Market 2023-2030 ($M)
9.1 Rolls Royce Market 2023-2030 ($M) - Regional Industry Research
9.2 Honeywell International, Inc. Market 2023-2030 ($M) - Regional Industry Research
9.3 Thales Group Market 2023-2030 ($M) - Regional Industry Research
9.4 Lockheed Martin Market 2023-2030 ($M) - Regional Industry Research
9.5 Zodiac Aerospace Sa Market 2023-2030 ($M) - Regional Industry Research
9.6 Safran Sa Market 2023-2030 ($M) - Regional Industry Research
9.7 United Technologies Corporation Market 2023-2030 ($M) - Regional Industry Research
9.8 Airbus Market 2023-2030 ($M) - Regional Industry Research
9.9 Raytheon Company Market 2023-2030 ($M) - Regional Industry Research
9.10 Bombardier Inc. Market 2023-2030 ($M) - Regional Industry Research
10.South America More Electric Aircraft Market, By Platform Market 2023-2030 ($M)
10.1 Commercial Market 2023-2030 ($M) - Regional Industry Research
10.1.1 Narrow Body Aircraft Market 2023-2030 ($M)
10.1.2 Very Large Body Aircraft Market 2023-2030 ($M)
10.1.3 Wide Body Aircraft Market 2023-2030 ($M)
10.2 Defense Market 2023-2030 ($M) - Regional Industry Research
10.3 Fixed Wing Market 2023-2030 ($M) - Regional Industry Research
10.4 Rotary Wing Market 2023-2030 ($M) - Regional Industry Research
10.5 Unmanned Aerial Vehicles Market 2023-2030 ($M) - Regional Industry Research
11.South America More Electric Aircraft Market, By Technology Market 2023-2030 ($M)
11.1 Safety Systems and Advanced Material Market 2023-2030 ($M) - Regional Industry Research
11.2 Power Electronics Market 2023-2030 ($M) - Regional Industry Research
11.3 Energy Storage Devices Market 2023-2030 ($M) - Regional Industry Research
11.3.1 Battery Systems Market 2023-2030 ($M)
11.3.2 Fuel Cell Systems Market 2023-2030 ($M)
11.4 Thermal Management Systems Market 2023-2030 ($M) - Regional Industry Research
12.South America Company Profiling Market 2023-2030 ($M)
12.1 Rolls Royce Market 2023-2030 ($M) - Regional Industry Research
12.2 Honeywell International, Inc. Market 2023-2030 ($M) - Regional Industry Research
12.3 Thales Group Market 2023-2030 ($M) - Regional Industry Research
12.4 Lockheed Martin Market 2023-2030 ($M) - Regional Industry Research
12.5 Zodiac Aerospace Sa Market 2023-2030 ($M) - Regional Industry Research
12.6 Safran Sa Market 2023-2030 ($M) - Regional Industry Research
12.7 United Technologies Corporation Market 2023-2030 ($M) - Regional Industry Research
12.8 Airbus Market 2023-2030 ($M) - Regional Industry Research
12.9 Raytheon Company Market 2023-2030 ($M) - Regional Industry Research
12.10 Bombardier Inc. Market 2023-2030 ($M) - Regional Industry Research
13.Europe More Electric Aircraft Market, By Platform Market 2023-2030 ($M)
13.1 Commercial Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Narrow Body Aircraft Market 2023-2030 ($M)
13.1.2 Very Large Body Aircraft Market 2023-2030 ($M)
13.1.3 Wide Body Aircraft Market 2023-2030 ($M)
13.2 Defense Market 2023-2030 ($M) - Regional Industry Research
13.3 Fixed Wing Market 2023-2030 ($M) - Regional Industry Research
13.4 Rotary Wing Market 2023-2030 ($M) - Regional Industry Research
13.5 Unmanned Aerial Vehicles Market 2023-2030 ($M) - Regional Industry Research
14.Europe More Electric Aircraft Market, By Technology Market 2023-2030 ($M)
14.1 Safety Systems and Advanced Material Market 2023-2030 ($M) - Regional Industry Research
14.2 Power Electronics Market 2023-2030 ($M) - Regional Industry Research
14.3 Energy Storage Devices Market 2023-2030 ($M) - Regional Industry Research
14.3.1 Battery Systems Market 2023-2030 ($M)
14.3.2 Fuel Cell Systems Market 2023-2030 ($M)
14.4 Thermal Management Systems Market 2023-2030 ($M) - Regional Industry Research
15.Europe Company Profiling Market 2023-2030 ($M)
15.1 Rolls Royce Market 2023-2030 ($M) - Regional Industry Research
15.2 Honeywell International, Inc. Market 2023-2030 ($M) - Regional Industry Research
15.3 Thales Group Market 2023-2030 ($M) - Regional Industry Research
15.4 Lockheed Martin Market 2023-2030 ($M) - Regional Industry Research
15.5 Zodiac Aerospace Sa Market 2023-2030 ($M) - Regional Industry Research
15.6 Safran Sa Market 2023-2030 ($M) - Regional Industry Research
15.7 United Technologies Corporation Market 2023-2030 ($M) - Regional Industry Research
15.8 Airbus Market 2023-2030 ($M) - Regional Industry Research
15.9 Raytheon Company Market 2023-2030 ($M) - Regional Industry Research
15.10 Bombardier Inc. Market 2023-2030 ($M) - Regional Industry Research
16.APAC More Electric Aircraft Market, By Platform Market 2023-2030 ($M)
16.1 Commercial Market 2023-2030 ($M) - Regional Industry Research
16.1.1 Narrow Body Aircraft Market 2023-2030 ($M)
16.1.2 Very Large Body Aircraft Market 2023-2030 ($M)
16.1.3 Wide Body Aircraft Market 2023-2030 ($M)
16.2 Defense Market 2023-2030 ($M) - Regional Industry Research
16.3 Fixed Wing Market 2023-2030 ($M) - Regional Industry Research
16.4 Rotary Wing Market 2023-2030 ($M) - Regional Industry Research
16.5 Unmanned Aerial Vehicles Market 2023-2030 ($M) - Regional Industry Research
17.APAC More Electric Aircraft Market, By Technology Market 2023-2030 ($M)
17.1 Safety Systems and Advanced Material Market 2023-2030 ($M) - Regional Industry Research
17.2 Power Electronics Market 2023-2030 ($M) - Regional Industry Research
17.3 Energy Storage Devices Market 2023-2030 ($M) - Regional Industry Research
17.3.1 Battery Systems Market 2023-2030 ($M)
17.3.2 Fuel Cell Systems Market 2023-2030 ($M)
17.4 Thermal Management Systems Market 2023-2030 ($M) - Regional Industry Research
18.APAC Company Profiling Market 2023-2030 ($M)
18.1 Rolls Royce Market 2023-2030 ($M) - Regional Industry Research
18.2 Honeywell International, Inc. Market 2023-2030 ($M) - Regional Industry Research
18.3 Thales Group Market 2023-2030 ($M) - Regional Industry Research
18.4 Lockheed Martin Market 2023-2030 ($M) - Regional Industry Research
18.5 Zodiac Aerospace Sa Market 2023-2030 ($M) - Regional Industry Research
18.6 Safran Sa Market 2023-2030 ($M) - Regional Industry Research
18.7 United Technologies Corporation Market 2023-2030 ($M) - Regional Industry Research
18.8 Airbus Market 2023-2030 ($M) - Regional Industry Research
18.9 Raytheon Company Market 2023-2030 ($M) - Regional Industry Research
18.10 Bombardier Inc. Market 2023-2030 ($M) - Regional Industry Research
19.MENA More Electric Aircraft Market, By Platform Market 2023-2030 ($M)
19.1 Commercial Market 2023-2030 ($M) - Regional Industry Research
19.1.1 Narrow Body Aircraft Market 2023-2030 ($M)
19.1.2 Very Large Body Aircraft Market 2023-2030 ($M)
19.1.3 Wide Body Aircraft Market 2023-2030 ($M)
19.2 Defense Market 2023-2030 ($M) - Regional Industry Research
19.3 Fixed Wing Market 2023-2030 ($M) - Regional Industry Research
19.4 Rotary Wing Market 2023-2030 ($M) - Regional Industry Research
19.5 Unmanned Aerial Vehicles Market 2023-2030 ($M) - Regional Industry Research
20.MENA More Electric Aircraft Market, By Technology Market 2023-2030 ($M)
20.1 Safety Systems and Advanced Material Market 2023-2030 ($M) - Regional Industry Research
20.2 Power Electronics Market 2023-2030 ($M) - Regional Industry Research
20.3 Energy Storage Devices Market 2023-2030 ($M) - Regional Industry Research
20.3.1 Battery Systems Market 2023-2030 ($M)
20.3.2 Fuel Cell Systems Market 2023-2030 ($M)
20.4 Thermal Management Systems Market 2023-2030 ($M) - Regional Industry Research
21.MENA Company Profiling Market 2023-2030 ($M)
21.1 Rolls Royce Market 2023-2030 ($M) - Regional Industry Research
21.2 Honeywell International, Inc. Market 2023-2030 ($M) - Regional Industry Research
21.3 Thales Group Market 2023-2030 ($M) - Regional Industry Research
21.4 Lockheed Martin Market 2023-2030 ($M) - Regional Industry Research
21.5 Zodiac Aerospace Sa Market 2023-2030 ($M) - Regional Industry Research
21.6 Safran Sa Market 2023-2030 ($M) - Regional Industry Research
21.7 United Technologies Corporation Market 2023-2030 ($M) - Regional Industry Research
21.8 Airbus Market 2023-2030 ($M) - Regional Industry Research
21.9 Raytheon Company Market 2023-2030 ($M) - Regional Industry Research
21.10 Bombardier Inc. Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
2.Canada More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
3.Mexico More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
4.Brazil More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
5.Argentina More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
6.Peru More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
7.Colombia More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
8.Chile More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
9.Rest of South America More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
10.UK More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
11.Germany More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
12.France More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
13.Italy More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
14.Spain More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
15.Rest of Europe More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
16.China More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
17.India More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
18.Japan More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
19.South Korea More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
20.South Africa More Electric Aircraft Global Market Revenue, 2023-2030 ($M)
21.North America More Electric Aircraft Global By Application
22.South America More Electric Aircraft Global By Application
23.Europe More Electric Aircraft Global By Application
24.APAC More Electric Aircraft Global By Application
25.MENA More Electric Aircraft Global By Application

The More Electric Aircraft Market is projected to grow at 11.8% CAGR during the forecast period 2024-2030.

The More Electric Aircraft Market size is estimated to be $4.7 billion in 2023 and is projected to reach $10.2 billion by 2030

The leading players in the More Electric Aircraft Market are Thales Group, Safran SA, Rolls Royce Holdings Plc, RTX, Bombardier Inc. and others.

Battery technology and investment in the form of partnership or collaboration between aviation company and research organisation are the major trends that will shape the More Electric Aircraft market in the future.

The surge in demand for eco-friendly aircraft, escalating fuel costs, need for quieter aircraft and growing need to reduce emissions is propelling the growth of the More Electric Aircraft market.