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More Electric Aircraft Market To Reach USD 4,612.69 Million In 2027 at a CAGR of 15.5%

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BANGALORE, India, May 7, 2021 /PRNewswire/
More Electric Aircraft Market by Aircraft System (Propulsion System and Airframe System), Application (Power Generation, Power Distribution, Power Conversion, and Energy Storage), and Aircraft Type (Fixed-wing and Rotary-wing), and End User (Civil and Military). This report is published on
Valuates Reports in the
Autos & Vehicles Category.
The global More Electric Aircraft Market valued USD 1,809.20 million in 2019 and is projected to reach USD 4,612.69 million in 2027, registering a CAGR of 15.5%.
Major factors driving the growth of more electric aircraft market are:
Growing demand for high-performance fuel-efficient aircraft and an increase in demand for less polluting aircraft
Recent technological advancements in the field of power electronics, fault-tolerant architecture, electro-hydrostatic actuators, flight control systems, high-density electric motors, and power generation and conversion sy ....

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$ 2.45 Billion Growth in More Electric Aircraft Market During 2021-2025 | Featuring Key Vendors Including Besco Medical Ltd., Better Medical Technology Co. Ltd., and Carex Health Brands

$ 2.45 Billion Growth in More Electric Aircraft Market During 2021-2025 | Featuring Key Vendors Including Besco Medical Ltd., Better Medical Technology Co. Ltd., and Carex Health Brands
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More Electric Aircraft Market Worth $3.3 Billion by 2025 - Press Release

Middle East and Africa are expected to be the fastest-growing region for more electric aircraft market during the forecast period
Middle East & Africa are among the fastest-growing regions for more electric aircraft market. An increase in the delivery of fuel-efficient aircraft is expected to propel the demand for more electric aircraft in the region. Israel, Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa have been considered under this region for market analysis. According to Boeing, the Middle East region is expected to require 3,310 new aircraft worth USD 770 million over the next 20 years, which will impact the growth of more electric aircraft market. Additional factors expected to drive the growth of the market include border disputes and rising threats from terror outfits, which have forced Middle Eastern countries to increase their defense spending, thereby increasing the procurement of military unmanned aerial vehicles and aircraft. These f ....

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More Electric Aircraft Market by End-user, Aircraft System, Component, Application, Aircraft Type and Region

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ResearchAndMarkets.com s offering.
The global more electric aircraft market is estimated to be USD 1,504 million in 2020 and is projected to reach USD 3,359 million by 2025, at a CAGR of 17.4% during the forecast period.
Recent technological advancements in the field of power electronics, fault-tolerant architecture, electro-hydrostatic actuators, flight control systems, high-density electric motors, and power generation and conversion systems have fueled the adoption of MEA.
The COVID-19 outbreak has impacted the aviation industry adversely due to air travel restrictions on domestic as well as international flights across countries, resulting in the sudden decrease in the air traffic. This is expected to negatively impact the more electric aircraft market in the short term; slow recovery is expected in Q1 of 2021. The aviation industry could take 2-3 years to recover from the financial effects of COVID-19, leading to lower ....

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