Published Year: 2020
Global Unmanned Aerial Vehicle (UAV) Market: Focus on Class, Components, Applications, and End User
The global UAV market to grow at a significant CAGR of 13.27% based on value during the...
Market Research Report
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Table of Contents
1.1 Market Drivers
1.1.1 Need for Light, Efficient, High-Power Density Generators and Motors
1.1.2 Focus on Optimization of Aerodynamic Structure and Engine
1.1.3 Decrease in Operational and Maintenance Cost in More Electric Aircraft
1.2 Market Challenges
1.2.1 Technological Challenges in the Electrification of Aircraft
1.2.2 Thermal Management in Electrical Systems
1.3 Market Opportunities
1.3.1 Development of High-Density Battery for Capacity and Performance
1.3.2 Shift Toward Electric Propulsion
2.1 Key Strategies and Developments
2.1.1 Partnerships, Agreements, and Contracts
2.1.2 New Product Launch and Development
2.1.3 Merger, Acquisitions, and Joint Ventures
2.1.4 Other Developments
2.2 Competitive Benchmarking
3.1 Overview
3.2 Technology Trends
3.2.1 Comparative Analysis of a Conventional Aircraft and More Electric Aircraft
3.2.2 Electric and Hybrid Aircraft Platform for Innovation (E-HAPI)
3.2.3 Hybrid or Electric Propulsion
3.2.4 Penetration of Electrical Systems (by Aircraft Type)
3.2.5 System-on-Chip (SoC)
3.3 Future Scenarios for Aircraft Electrification
3.4 Electrical Power Demand
3.5 Patent Analysis
4.1 Assumptions and Limitations
4.2 Market Overview
5.1 Market Overview
5.2 Power Generation System
5.3 Power Distribution System
5.4 Power Conversion System
5.5 Thermal Management System
5.6 Energy Storage
5.6.1 Batteries
5.6.2 Fuel Cells
5.6.3 Solar Cells
6.1 Power Generation Management
6.2 Passenger Comfort
6.3 Air Pressurization and Conditioning
6.4 Configuration Management
6.5 Flight Controls and Operations
7.1 Commercial Aviation
7.1.1 Narrow-body Aircraft
7.1.2 Wide-body Aircraft
7.1.3 Very Large Aircraft
7.1.4 Regional Transport Aircraft
7.2 Military Aviation
7.2.1 Fighter Jets
7.2.2 Transport Aircraft
7.2.3 Unmanned Aerial Vehicles (UAVs)
7.3 Helicopters
8.1 Market Overview
8.2 North America
8.2.1 North America More Electric Aircraft Market (by System)
8.2.2 North America More Electric Aircraft Market (by Aircraft Type)
8.2.3 North America More Electric Aircraft Market (by Country)
8.2.3.1 U.S.
8.2.3.2 Canada
8.3 Europe
8.3.1 Europe More Electric Aircraft Market (by System)
8.3.2 Europe More Electric Aircraft Market (by Aircraft Type)
8.3.3 Europe More Electric Aircraft Market (by Country)
8.3.3.1 U.K.
8.3.3.2 France
8.3.3.3 Germany
8.3.3.4 Rest-of-Europe
8.4 Asia-Pacific
8.4.1 Asia-Pacific More Electric Aircraft Market (by System)
8.4.2 Asia-Pacific More Electric Aircraft Market (by Aircraft Type)
8.4.3 Asia-Pacific More Electric Aircraft Market (by Country)
8.4.3.1 China
8.4.3.2 India
8.4.3.3 Japan
8.4.3.4 Rest-of-Asia-Pacific
8.5 Rest-of-the-World
8.5.1 Rest-of-the-World More Electric Aircraft Market (by System)
8.5.2 Rest-of-the-World More Electric Aircraft Market (by Aircraft Type)
8.5.3 Rest-of-the-World More Electric Aircraft Market (by Region)
8.5.3.1 Latin America
8.5.3.2 Middle East
8.5.3.3 Africa
9.1 Airbus S.A.S
9.1.1 Company Overview
9.1.2 Role of Airbus S.A.S in Global More Electric Aircraft Market
9.1.3 Financials
9.1.4 SWOT Analysis
9.2 Astronics Corporation
9.2.1 Company Overview
9.2.2 Role of Astronics Corporation in Global More Electric Aircraft Market
9.2.3 Financials
9.2.4 SWOT Analysis
9.3 BAE Systems
9.3.1 Company Overview
9.3.2 Role of BAE Systems in Global More Electric Aircraft Market
9.3.3 Financials
9.3.4 SWOT Analysis
9.4 Bombardier
9.4.1 Company Overview
9.4.2 Role of Bombardier in Global More Electric Aircraft Market
9.4.3 Financials
9.4.4 SWOT Analysis
9.5 Elbit Systems Ltd.
9.5.1 Company Overview
9.5.2 Role of Elbit Systems Ltd. in Global More Electric Aircraft Market
9.5.3 Financials
9.5.4 SWOT Analysis
9.6 GE Aviation
9.6.1 Company Overview
9.6.2 Role of GE Aviation in Global More Electric Aircraft Market
9.6.3 SWOT Analysis
9.7 Honeywell International Inc.
9.7.1 Company Overview
9.7.2 Role of Honeywell International Inc. in Global More Electric Aircraft Market
9.7.3 Financials
9.7.4 SWOT Analysis
9.8 Israel Aerospace Industries
9.8.1 Company Overview
9.8.2 Role of Israel Aerospace Industries in Global More Electric Aircraft Market
9.8.3 Financials
9.8.4 SWOT Analysis
9.9 Lockheed Martin Corporation
9.9.1 Company Overview
9.9.2 Role of Lockheed Martin Corporation in Global More Electric Aircraft Market
9.9.3 Financials
9.9.4 SWOT Analysis
9.10 Raytheon Technologies Corporation
9.10.1 Company Overview
9.10.2 Role of Raytheon Technologies Corporation in Global More Electric Aircraft Market
9.10.3 Financials
9.10.4 SWOT Analysis
9.11 Rolls Royce plc
9.11.1 Company Overview
9.11.2 Role of Rolls Royce plc in Global More Electric Aircraft Market
9.11.3 Financials
9.11.4 SWOT Analysis
9.12 Safran
9.12.1 Company Overview
9.12.2 Role of Safran in Global More Electric Aircraft Market
9.12.3 Financials
9.12.4 SWOT Analysis
9.13 TTTech Computertechnik AG
9.13.1 Company Overview
9.13.2 Role of TTTech Computertechnik AG in Global More Electric Aircraft Market
9.13.3 SWOT Analysis Financials
9.14 Thales Group
9.14.1 Company Overview
9.14.2 Role of Thales Group in Global More Electric Aircraft Market
9.14.3 Financials
9.14.4 SWOT Analysis
9.15 The Boeing Company
9.15.1 Company Overview
9.15.2 Role of The Boeing Company in Global More Electric Market
9.15.3 Financials
9.15.4 SWOT Analysis
10.1 Scope of the Report
10.2 Global More Electric Aircraft Market Research Methodology
10.3 Assumptions and Limitations
11.1 Related Reports
Table 1.1: Technology Challenges in MEA Subsystems
Table 1.2: Energy Storage Timeframe
Table 3.1: On-going Projects for Electric and Hybrid Aircraft
Table 3.2: Trends and Insights in Commercial Aircraft Systems Emerging Technologies
Table 5.1: Global More Electric Aircraft Market (by System), $Billion, 2019-2025
Table 6.1: Global More Electric Aircraft Market (by Application), $Billion, 2019-2025
Table 6.2: Types of Power Systems for Various Aircraft Applications
Table 7.1: Global More Electric Aircraft Market (by Aircraft Type), Value ($Billion), 2019-2025
Table 8.1: Global More Electric Aircraft Market (by Region), $Billion, 2019-2025
Table 8.2: Boeing Aircraft Orders and Deliveries, April 2020
Table 8.3: North America More Electric Aircraft Market (by System), $Million, 2019-2025
Table 8.4: North America More Electric Aircraft Market (by Aircraft Type), $Million, 2019-2025
Table 8.5: Airbus Aircraft Orders and Deliveries, April 2020
Table 8.6: Europe More Electric Aircraft Market (by System), $Million, 2019-2025
Table 8.7: Europe More Electric Aircraft Market (by Aircraft Type), $Million, 2019-2025
Table 8.8: Asia-Pacific More Electric Aircraft Market (by System), $Million, 2019-2025
Table 8.9: Asia-Pacific More Electric Aircraft Market (by Aircraft Type), $Million, 2019-2025
Table 8.10: Rest-of-the-World More Electric Aircraft Market (by System), $Million, 2019-2025
Table 8.11: Rest-of-the-World More Electric Aircraft Market (by Aircraft Type), $Million, 2019-2025
Figure 1: Global More Electric Aircraft (by Value), $Billion, 2019 and 2025
Figure 2: Global More Electric Aircraft Market (by System), $Billion, 2019 and 2025
Figure 3: Global More Electric Aircraft Market (by Application), $Billion, 2019 and 2025
Figure 4: Global More Electric Aircraft Market (by Aircraft Type), $Billion, 2019 and 2025
Figure 1.1: Market Dynamics Snapshot
Figure 1.2: Airbus’ Timeline of Achievement in Electric Propulsion
Figure 2.1: Key Strategies Adopted by Market Players
Figure 2.2: Percentage Share of Strategies Adopted by Market Players, Jan 2017-June 2020
Figure 2.3: Partnerships, Agreements, and Contracts by Key Market Players, Jan 2017-June 2020
Figure 2.4: New Product Launch and Development by Key Market Players, Jan 2017- June 2020
Figure 2.5: Merger, Acquisitions and Joint Ventures by Key Market Players, Jan 2017- June 2020
Figure 2.6: Other Developments by Key Market Players, Jan 2017- June 2020
Figure 2.7: Competitive Benchmarking Analysis
Figure 3.1: Industry Insights
Figure 3.2: Conventional Aircraft Vs MEA Aircraft
Figure 3.3: Parallel Hybrid Propulsion Architecture
Figure 3.4: Series Hybrid Propulsion Architecture
Figure 3.5: All-Electric Propulsion Architecture
Figure 3.6: Four Potential Electrical Propulsion Scenarios
Figure 3.7: Aircraft Electrical Power Demand
Figure 4.1: Global More Electric Aircraft Market, 2019-2025
Figure 5.1: Classification of the Global More Electric Aircraft Market (by System)
Figure 5.2: More Electric Aircraft Power Distribution System
Figure 6.1: Classification of the Global More Electric Aircraft Market (by Application)
Figure 7.1: Classification of the Global More Electric Aircraft Market (by Aircraft Type)
Figure 7.2: Global More Electric Aircraft Market for Narrow Body Aircraft, $Billion, 2019-2025
Figure 7.3: Global More Electric Aircraft Market for Wide Body Aircraft, Value ($Billion), 2019-2025
Figure 7.4: Global More Electric Aircraft Market for Very Large Aircraft, Value ($Million), 2019-2025
Figure 7.5: Global More Electric Aircraft Market for Regional Transport Aircraft, Value ($Million), 2019-2025
Figure 7.6: Global More Electric Aircraft Market for Fighter Jets, $Billion, 2019-2025
Figure 7.7: Global More Electric Aircraft Market for Transport Aircraft, $Million, 2019-2025
Figure 7.8: Global More Electric Aircraft Market for UAVs, $Million, 2019-2025
Figure 7.9: Global More Electric Aircraft Market for Helicopters, $Billion, 2019-2025
Figure 8.1: Classification of Global More Electric Aircraft Market (by Region)
Figure 8.2: U.S. More Electric Aircraft Market, $Billion, 2019-2025
Figure 8.3: Canada More Electric Aircraft Market, $Billion, 2019-2025
Figure 8.4: U.K. More Electric Aircraft Market, $Million, 2019-2025
Figure 8.5: France More Electric Aircraft Market, $Billion, 2019-2025
Figure 8.6: Germany More Electric Aircraft Market, $Million, 2019-2025
Figure 8.7: Rest-of-Europe More Electric Aircraft Market, $Million, 2019-2025
Figure 8.8: China More Electric Aircraft Market, $Billion, 2019-2025
Figure 8.9: India More Electric Aircraft Market, $Million, 2019-2025
Figure 8.10: Japan More Electric Aircraft Market, $Million, 2019-2025
Figure 8.11: Rest-of-Asia-Pacific More Electric Aircraft Market, $Million, 2019-2025
Figure 8.12: Latin America More Electric Aircraft Market, $Million, 2019-2025
Figure 8.13: Middle East More Electric Aircraft Market, $Million, 2019-2025
Figure 8.14: Africa More Electric Aircraft Market, $Million, 2019-2025
Figure 9.1: Airbus S.A.S – Product Offerings
Figure 9.2: Airbus S.A.S - Financials, 2017-2019
Figure 9.3: Airbus S.A.S - Business Revenue Mix, 2017-2019
Figure 9.4: Airbus S.A.S - Region Revenue Mix, 2017-2019
Figure 9.5: Airbus S.A.S – Research and Development Expenditure, 2017-2019
Figure 9.6: SWOT Analysis – Airbus S.A.S
Figure 9.7: Astronics Corporation – Product Offerings
Figure 9.8: Astronics Corporation - Financials, 2017-2019
Figure 9.9: Astronics Corporation - Business Revenue Mix, 2017-2019
Figure 9.10: Astronics Corporation - Region Revenue Mix, 2017-2019
Figure 9.11: Astronics Corporation - Research and Development Expenditure, 2017-2019
Figure 9.12: SWOT Analysis – Astronics Corporation
Figure 9.13: BAE Systems – Product Offerings
Figure 9.14: BAE Systems - Financials, 2017-2019
Figure 9.15: BAE Systems - Business Revenue Mix, 2018-2019
Figure 9.16: BAE Systems - Region Revenue Mix, 2017-2019
Figure 9.17: BAE Systems – Research and Development Expenditure, 2017-2019
Figure 9.18: SWOT Analysis – BAE Systems
Figure 9.19: Bombardier – Product Offerings
Figure 9.20: Bombardier- Financials, 2017-2019
Figure 9.21: Bombardier - Business Revenue Mix, 2017-2019
Figure 9.22: Bombardier- Region Revenue Mix, 2017-2019
Figure 9.23: Bombardier - Research and Development Expenditure, 2017-2019
Figure 9.24: SWOT Analysis – Bombardier
Figure 9.25: Elbit Systems Ltd. – Product Offerings
Figure 9.26: Elbit Systems Ltd.- Financials, 2017-2019
Figure 9.27: Elbit Systems Ltd. - Business Revenue Mix, 2017-2019
Figure 9.28: Elbit Systems Ltd. – Research and Development Expenditure, 2017-2019
Figure 9.29: SWOT Analysis – Elbit Systems Ltd.
Figure 9.30: GE Aviation – Product Offerings
Figure 9.31: SWOT Analysis – GE Aviation
Figure 9.32: Honeywell International Inc.– Product Offerings
Figure 9.33: Honeywell International Inc. - Financials, 2017-2019
Figure 9.34: Honeywell International Inc.- Business Revenue Mix, 2017-2019
Figure 9.35: Honeywell International Inc.- Region Revenue Mix, 2017-2019
Figure 9.36: Honeywell International Inc.- Research and Development Expenditure, 2017-2019
Figure 9.37: SWOT Analysis – Honeywell International Inc.
Figure 9.38: Israel Aerospace Industries– Product Offerings
Figure 9.39: Israel Aerospace Industries - Financials, 2017-2019
Figure 9.40: Israel Aerospace Industries - Business Revenue Mix, 2017-2019
Figure 9.41: Israel Aerospace Industries - Region Revenue Mix, 2016-2018
Figure 9.42: Israel Aerospace Industries - Research and Development Expenditure, 2016-2018
Figure 9.43: SWOT Analysis – Israel Aerospace Industries
Figure 9.44: Lockheed Martin Corporation – Product Offerings
Figure 9.45: Lockheed Martin Corporation - Financials, 2017-2019
Figure 9.46: Lockheed Martin Corporation - Business Revenue Mix, 2017-2019
Figure 9.47: Lockheed Martin Corporation - Region Revenue Mix, 2017-2019
Figure 9.48: Lockheed Martin Corporation - Research and Development Expenditure, 2017-2019
Figure 9.49: SWOT Analysis – Lockheed Martin Corporation
Figure 9.50: Raytheon Technologies Corporation – Product Offerings
Figure 9.51: Raytheon Technologies Corporation - Financials, 2017-2019
Figure 9.52: Raytheon Technologies Corporation - Business Revenue Mix, 2017-2019
Figure 9.53 Raytheon Technologies Corporation - Region Revenue Mix, 2016-2018
Figure 9.54: Raytheon Technologies Corporation – Research and Development Expenditure, 2017-2019
Figure 9.55: SWOT Analysis – Raytheon Technologies Corporation
Figure 9.56: Rolls Royce plc – Product Offerings
Figure 9.57: Rolls Royce plc - Financials, 2017-2019
Figure 9.58: Rolls Royce plc - Business Revenue Mix, 2017-2019
Figure 9.59: Rolls Royce plc - Region Revenue Mix, 2017-2019
Figure 9.60: Rolls Royce plc – Research and Development Expenditure, 2017-2019
Figure 9.61: SWOT Analysis – Rolls Royce plc
Figure 9.62: Safran: Product Offerings
Figure 9.63: Safran - Financials, 2017-2019
Figure 9.64: Safran- Business Revenue Mix, 2017-2019
Figure 9.65: Safran - Region Revenue Mix, 2017-2019
Figure 9.66: Safran– Research and Development Expenditure, 2017-2019
Figure 9.67: SWOT Analysis – Safran
Figure 9.68: TTTech Computertechnik AG– Product Offerings
Figure 9.69: SWOT Analysis – TTTech Computertechnik AG
Figure 9.70: Thales Group – Product Offerings
Figure 9.71: Thales Group - Financials,2017-2019
Figure 9.72: Thales Group - Business Revenue Mix, 2017-2019
Figure 9.73: Thales Group - Region Revenue Mix, 2017-2019
Figure 9.74: Thales Group – Research and Development Expenditure, 2017-2019
Figure 9.75: SWOT Analysis – Thales Group
Figure 9.76: The Boeing Company – Product Offerings
Figure 9.77: The Boeing Company - Financials, 2017-2019
Figure 9.78: The Boeing Company - Business Revenue Mix, 2017-2019
Figure 9.79: The Boeing Company - Region Revenue Mix, 2017-2019
Figure 9.80: The Boeing Company – Research and Development Expenditure, 2017-2019
Figure 9.81: SWOT Analysis – The Boeing Company
Figure 10.1: Global More Electric Aircraft Market Segmentation
Figure 10.2: Global More Electric Aircraft Market Research Methodology
Figure 10.3: Data Triangulation
Figure 10.4: Top-Down and Bottom-Up Approach
Figure 10.5: More Electric Aircraft Market Influencing Factors:
Figure 10.6: Assumptions and Limitations
Global More Electric Aircraft Market Report Coverage
|
Global More Electric Aircraft Market |
|||
|
Base Year |
2019 |
Market Size in 2020 |
$10.76 Billion |
|
Forecast Period |
2020-2025 |
Value Projection and Estimation by 2025 |
$21.50 Billion |
|
CAGR During Forecast Period |
14.84% |
|
|
Key Market Players and Competition Synopsis
The companies that are profiled in the global more electric aircraft market have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent names in this market are:
• Boeing, Thales
• Raytheon Technologies Corporation (previously UTC)
• TTTech Computertechnik AG
• Safran
• Lockheed Martin
• Rolls Royce
• Israel Aerospace Industries (IAI)
• Honeywell International, Inc.,
• GE Aviation
• Elbit Systems
• BAE Systems
• Bombardier
• Astronics
• Airbus
Key Questions Answered in this Report:
• What are the major driving forces that tend to increase the demand for the more electric aircraft during the forecast period 2020-2025?
• What are the major challenges inhibiting the growth of the global more electric aircraft market?
• Who are the key players in the global more electric aircraft market?
• What is the estimated revenue generated by the more electric aircraft market by segments (system, application, and aircraft type) in 2019, and what will be the estimates by 2025?
• What are the industry trends in the global more electric aircraft market?
• How will the industry evolve during the forecast period 2020-2025?
• What are the new strategies adopted by the existing market players to enhance more electric aircraft?
• What are the major opportunities that the more electric aircraft stakeholders foresee?
Introduction to Global More Electric Aircraft Market
The global more electric aircraft market was valued at $10.76 billion in 2020 and is expected to reach $21.50 billion by 2025, growing at a CAGR of 14.84% during the forecast period 2020-2025. North America is expected to dominate the global more electric aircraft market with an estimated share of 34.66% in 2019. North America, including the major countries such as the U.S., is the most prominent region for the more electric aircraft market. The U.S. has a presence of major more electric aircraft system and technology providers such as Raytheon Technologies Corporation (previously UTC), GE Aviation, Astronics, and Honeywell International.
The global more electric aircraft market is gaining widespread importance owing to increasing efforts from companies such as major OEMs and aircraft system providers as well as their increasing investment for developing enhanced technological systems that support the more electric aircraft trend. Moreover, the development of technologies such as hybrid or electric propulsion, development of light, efficient, high power density generators and motors, and high-density battery for capacity are some of the factors that may propel the market growth.
Scope of the More Electric Aircraft Market
The purpose of the market analysis is to examine the more electric aircraft market outlook in terms of factors driving the market, trends, technological developments, and competitive benchmarking, among others.
The report further takes into consideration the market dynamics and the competitive landscape of the key players operating in the market.
Global More Electric Aircraft Market Segmentation
The more electric aircraft market is further segmented on the basis of system, application, aircraft type, and region. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the industry. The report analyzes different applications that include power generation management, passenger comfort, air pressurization and conditioning, configuration management, and flight controls and operations. In the aircraft type segment, the market is segmented into commercial aviation, military aviation, and helicopters.
The more electric aircraft market is segregated by region under four major regions, namely, North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions is provided in the market study.
Global More Electric Aircraft Market
Focus on System, Application, and Aircraft Type - Analysis and Forecast, 2020-2025
(Includes COVID-19 Impact)
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