More Electric Aircraft - Global Strategic Business Report

Global More Electric Aircraft Market to Reach $10 Billion by 2030

The global market for More Electric Aircraft estimated at US$2.8 Billion in the year 2022, is projected to reach a revised size of US$10 Billion by 2030, growing at a CAGR of 17.1% over the analysis period 2022-2030. Power Distribution, one of the segments analyzed in the report, is projected to record 17.1% CAGR and reach US$4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Power Generation segment is readjusted to a revised 18.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $854.2 Million, While China is Forecast to Grow at 16.4% CAGR

The More Electric Aircraft market in the U.S. is estimated at US$854.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.7 Billion by the year 2030 trailing a CAGR of 16.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.2% and 14.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.5% CAGR.

Select Competitors (Total 44 Featured) -

• Airbus Group
• Bombardier, Inc.
• Honeywell International, Inc.
• Raytheon Company
• Safran Group
• Thales Group
• The Boeing Company
• TTTech Computertechnik AG
• United Technologies Corporation (UTC)
• Zodiac Aerospace SA

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