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MarketsandMarkets Brings Out Report on Electric Aircraft Market [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) MarketsandMarkets recently released a report offering an in- depth analysis of the "More Electric Aircraft Market by Technology (Power Electronics, Thermal Management, Safety Systems and Advanced Materials), Platform (Commercial, Military and UAV) & by Geography (North America, Europe, APAC, Middle East, Latin America and Africa) - Forecasts & Analysis to 2014-2020." The group noted the MEA equipment market is projected to reach $22548.59 Million by 2020, growing at a high CAGR of 4.62 percent from 2014-2020. In current scenario, despite uncertain economic conditions, commercial aviation is experiencing continuous growth in aircraft movements as well as passenger traffic. According to a release, the growth in the MEA market has been propelled by the use of autonomous systems in the market. The need for optimized aircraft performance, decrease in operational and maintenance cost, reducing gas emissions and airport noise, and the tremendous increase in aircraft deliveries have been growth factors for the MEA market. The restraints identified in the market include macro-economic shocks and regulatory issues. The challenges faced by this market include thermal management in electrical systems, reliability of electrical systems in harsh environment, and the optimization of the mass of electrical systems. Among the three technology types including power electronics, thermal management system, and advanced materials & safety system; the power electronics market is expected to account for the highest market share during the forecast period. The companies in the more electric aircraft market covered in the report include Safran S.A (France), Boeing (U.S.), Airbus (France ), Honeywell International Inc(U.S.), and Raytheon (U.S.). MarketsandMarkets is a global market research and consulting company. More details: http://www.marketsandmarkets.com/Market-Reports/more-electric- aircraft-market-138024896.html ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |