In 2022, the size for More Electric Aircraft Market reached USD 2.76 billion. By 2030, it is forecasted to soar to USD 10.26 billion, driven by a substantial compound annual growth rate (CAGR) of 17.8% during the forecast period from 2023 to 2030.
The research report offers a comprehensive analysis of the worldwide More Electric Aircraft industry. The market projections in the report are based on in-depth secondary research, primary interviews, and internal expert reviews. The study looks at every aspect of the global market. Market projections in the report are based on in-depth secondary research, primary interviews, and internal expert evaluations. These market projections were created by analyzing how several social, political, and economic variables, along with current market dynamics, affect market growth.
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Key Players:
The Major Players are
- GE Aviation
- Honeywell International Inc
- Thales Group
- AMETEK Inc
- BAE Systems plc
- Bombardier Inc.
- Raytheon Technologies Corporation
- Rolls-Royce Holdings plc
- Safran
- Elbit system Ltd
Forecasts for the following few years are included in the More Electric Aircraft market research report, along with an analysis of the market's current rate of revenue growth. These market projections were created by looking at how several social, political, and economic factors, along with current market dynamics, affect market growth. The market study offers projections for the upcoming years as well as a summary of revenue growth from the previous year.
Market Segmentation
By Aircraft Type
- Fixed Wing
- Rotary Wing
By Application
- Power Generation
- Power Distribution
- Power Conversion
- Energy Storage
By End User
- Civil
- Military
By Aircraft System
- Propulsion System
- Airframe System
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Research Methodology
After accepting an appointment for conducting telephonic interviews, questionnaires via email, and in some cases face-to-face interactions with various industry experts, primary research entails doing these things in order to get a more thorough and objective analysis of the global More Electric Aircraft market across various geographies. It is common practice to conduct initial interviews with industry experts to better understand the state of the market and validate earlier data analysis.
Primary interviews provide essential information about market trends, market size, the competitive environment, growth trends, and prognosis, among other things. These standards support the development of market expertise among the analytic team as well as the validity and consistency of secondary research findings.
Competitive Outlook
The competitive environment for the previous five years comprises the market positions of the leading rivals as well as new service/product launches, partnerships, corporate expansions, and acquisitions by businesses included in the More Electric Aircraft market study. The top market participants are thoroughly profiled, including a summary, insights, product benchmarking, and SWOT analysis. In light of recent changes, the industry's current and future market prospects are reviewed, including growth prospects and drivers, as well as challenges and restraints in both emerging and developed economies.
Reasons to Buy the More Electric Aircraft Market Report
This analysis offers actionable market insights into the effects of COVID-19 on each segment as well as a clear estimate of how each segment will contribute to the growth of the More Electric Aircraft market. An analysis of the variables that will influence market growth in the foreseeable future. This gives the report a distinctive viewpoint and overview of the worldwide components of the research, enabling accurate and sensible decision-making. Our strategic insights are created to offer dependable and useful solutions to market players' needs.
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