$ 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 | Technavio

NEW YORK, March 26, 2021 /PRNewswire/ -- Technavio announces the release of its latest report on the more electric aircraft market. The market is segmented by application (manned and unmanned) and geography (North America, Europe, APAC, South America, and MEA). The report offers an in-depth analysis of recent developments, changes in market regulations, product approvals, product launches, and the market behavior across various segments.

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More Electric Aircraft Market: Key Findings

• More electric aircraft market value to grow by USD 2.45 billion at over 2% CAGR during 2021-2025
• Based on the application, the manned segment will offer maximum opportunities for vendors during the forecast period
• Based on the geography, APAC dominated the market with a 28% share in 2020
• More electric aircraft market is expected to have a negative impact due to the spread of COVID-19

More Electric Aircraft Market: Growth Drivers

Supportive regulations to reduce emissions is one of the prime factors driving the growth of the market. Governments across the world are introducing stringent regulations to reduce transportation-based emissions. However, with the increasing number of air travelers, GHG emissions from the aviation industry is expected to increase by multiple folds by 2030. This has increased investments in the development of efficient aircraft such as electric aircraft, which is driving the market growth.

"The development of integrated propulsion control will further boost market growth during the forecast period", says a senior analyst at Technavio.

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More Electric Aircraft Market: Major Vendors

Airbus SE

Airbus SE operates its business through segments such as Airbus, Helicopter, and Defence and Space. The company offers electric and hybrid-electric propulsion for aircrafts to achieve zero-emission flights.

Bombardier Recreational Products Inc.

Bombardier Recreational Products Inc. operates its business through segments such as Powersports and Marine. The company offers electric systems which can replace traditional pneumatic systems in commercial aircraft.

Embraer SA

Embraer SA operates its business through segments such as Commercial aviation, Executive jets, Defense and security, Service and Support, and Other. The company offers electric propulsion technology for powering the aircrafts.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
Website: www.technavio.com/
Report: www.technavio.com/report/more-electric-aircraft-market-industry-analysis

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SOURCE Technavio