The More Electric Aircraft is a new segment in the eco-friendly transportation systems. It is widely used in military and next generation commercial aircraft for better operational efficiencies. After the successful launch and operation of electric motors, their application in the transportation for commercial purpose has seen significant acceptance by consumers. Also the reduced emission of the electric motors has pushed the lawmakers and FAA to open their doors for this latest technology, change in laws and the intricacies of the pollution control law has allowed the electric motor industry to shift its focus from motors to transportation in all areas.
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The Global market for more electric aircraft market is expected to grow at a compound annual growth rate (CAGR) of 4.6% in the 2015-2020 period. Electric aircraft have the benefit of a quieter flight experience running on electric motors with renewable energy sources. Passengers and pilots then could go for an earplug less flight, something of luxurious comfort rarely experienced in aircraft in the current ATF run segment.
MEA finds major acceptance and application in the military due to the inherent nature of silent electric engine operation. The military needs aircraft that can fly low and not be detected during ISR, and hence MEA is widely used for small electric aircraft and UAVs. Some militaries use small electric aircrafts and UAVs to train their pilots in air to air combat.
The MEA brings in integration of systems for control and intelligence of operating in-flight systems. MEA has allowed aircraft industry to reduce loss in propulsion thrust by 59% just by converting pneumatic/hydraulic/mechanical actuator systems into power electronics.
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The Clean Sky initiative launched in public-private partnership between the European Commission and the European aeronautics industry had announced plans to improve the MEA performance to reach 20-30% lesser fuel consumption and related CO2 emissions. As of today Airbus and Boeing are two aircraft dealers operating more electric aircraft, and Boeing’s B787 is the only aircraft in the MEA segment which has successfully balanced fuel consumption and weight to deliver power equal to that of a fully ATF powered aircraft engine. Although the range of flight is slightly less compared to other aircraft in the same engine power segment, the cost of operation has reduced by few dollars per person, per mile. Geographically the MEA’s are expected to make sales in the EU and US region where the push for pollution free vehicles is strong.
Pipistrel is the leading innovator in MEA systems that uses alternative fuels and sports a fully electric engines. Their latest model Pipistrel Tauras G4 is the best in class fully electric engine aircraft. Pipistrel’s Tauras G2 model available for private aviation has received great accolades and interest from industries, developers and consumers. Hopefully with the launch of soon to be available Tauras G4 the MEA market will see new competition in the small aircraft segment, as this aircraft is claimed to be a one-time investment, with minimal expense on fuel and a lifetime of free flights.
Boeing, Airbus, and Pipistrel are some of the key leading vendors in MEA market. The market is segmented by Platform (Commercial, Military, and UAV), Technology (Power Electronics, Thermal Management, Safety Systems, and Advanced Materials), and Geography (North America, South America, Europe, Middle East & Africa and Asia Pacific).
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TABLE OF CONTENT
1.1 Research Methodology
1.2 Key Findings of the Study
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW AND TRENDS
3.2 Market Trends
3.3 Porters Five Force Framework
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Competitve rivalry within the Industry
4. MARKET DYNAMICS
5. GLOBAL MORE ELECTRIC AIRCRAFT MARKET, SEGMENTED BY PLATFORM
6. GLOBAL MORE ELECTRIC AIRCRAFT MARKET, SEGMENTED BY TECHNOLOGY
6.1 Power Electronics
6.2 Thermal Management
6.3 Safety Systems
6.4 Advanced Materials
7. GLOBAL MORE ELECTRIC AIRCRAFT MARKET, SEGMENTED BY GEOGRAPHY
7.1 North America
7.1.1 United States
7.2 South America
7.3 Asia Pacific
7.4.1 United Kingdom
7.5 Africa and Middle East
7.5.2 South Africa
7.5.3 Saudi Arabia
8. COMPETITIVE LANDSCAPE
8.2 Market Share Analysis
8.3 Developments of Key Players
9. KEY VENDOR ANALYSIS (Overview, Products & Services, Strategies)
9.4 Solar Impulse
9.5 Aero Electric Aircraft Corporation
9.7 PC -Aero
9.9 Lange Aviation
9.11 Electric Aircraft Corporation
10. FUTURE OUTLOOK OF THE MARKET
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