The Rise of the More Electric Aircraft, Top 10 Manufactures, Market Share and Revenue

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The aviation industry is constantly evolving, and one of the most promising trends is the rise of the more electric aircraft. More electric aircraft (MEAs) use electric power for non-propulsive systems, such as flight controls, avionics, and cabin systems. This can lead to a number of benefits, including improved fuel efficiency, reduced emissions, and increased reliability.

Global Market Size

The global more electric aircraft market valued $1,809.20 million in 2019, and is projected to reach $4,612.69 million in 2027, registering a CAGR of 15.5%. 

Traditional Aircraft Vs More Electric Aircraft

Traditional aircraft and more electric aircraft (MEAs) are two different types of aircraft that have different advantages and disadvantages.

Traditional aircraft use hydraulic and pneumatic systems to power their non-propulsive systems, such as flight controls, avionics, and cabin systems. These systems are reliable and have been in use for many years, but they are not as efficient as electric systems.

MEAs use electric power to power their non-propulsive systems. This can lead to a number of benefits, including improved fuel efficiency, reduced emissions, and increased reliability. However, MEAs are still in the early stages of development, and there are some challenges that need to be addressed, such as the weight and cost of the electric systems.

Here is a table that compares the two types of aircraft:

Feature	Traditional Aircraft	More Electric Aircraft
Power system	Hydraulic and pneumatic	Electric
Advantages	Reliable, well-proven technology	More efficient, lower emissions, more reliable
Disadvantages	Less efficient, higher emissions, less reliable	Still in development, heavier, more expensive

Overall, MEAs offer a number of potential benefits over traditional aircraft. However, they are still in the early stages of development, and there are some challenges that need to be addressed before they can become widespread.

By Aircraft System

Here are some of the key benefits of MEAs:

• Improved fuel efficiency: Electric motors are more efficient than hydraulic and pneumatic systems. This can lead to significant fuel savings, which can reduce operating costs and emissions.
• Reduced emissions: MEAs can produce lower emissions than traditional aircraft. This is because electric motors do not produce any emissions, and the use of electric power can help to reduce the overall weight of the aircraft, which can also reduce emissions.
• Increased reliability: Electric systems are generally more reliable than traditional hydraulic and pneumatic systems. This is because electric systems are less prone to leaks and other problems.

Here are some of the key challenges of MEAs:

• Weight: Electric systems can add weight to an aircraft. This can reduce the payload capacity of the aircraft, which can limit its range and performance.
• Cost: Electric systems can be more expensive than traditional hydraulic and pneumatic systems. This can make MEAs more expensive to develop and produce.
• Safety: Electric systems can be more complex than traditional hydraulic and pneumatic systems. This can make them more difficult to design and certify, which can increase the cost and time to market.

Overall, MEAs offer a number of potential benefits over traditional aircraft. However, they are still in the early stages of development, and there are some challenges that need to be addressed before they can become widespread.

By Application

Benefits of More Electric Aircraft:

There are a number of benefits to using electric power in aircraft. These benefits include:

• Improved fuel efficiency: Electric motors are more efficient than traditional hydraulic and pneumatic systems. This can lead to significant fuel savings, which can reduce operating costs and emissions.
• Reduced emissions: MEAs can produce lower emissions than traditional aircraft. This is because electric motors do not produce any emissions, and the use of electric power can help to reduce the overall weight of the aircraft, which can also reduce emissions.
• Increased reliability: Electric systems are generally more reliable than traditional hydraulic and pneumatic systems. This is because electric systems are less prone to leaks and other problems.

Challenges of More Electric Aircraft:

There are also a number of challenges associated with MEAs. These challenges include:

• Weight: Electric systems can add weight to an aircraft. This can reduce the payload capacity of the aircraft, which can limit its range and performance.
• Cost: Electric systems can be more expensive than traditional hydraulic and pneumatic systems. This can make MEAs more expensive to develop and produce.
• Safety: Electric systems can be more complex than traditional hydraulic and pneumatic systems. This can make them more difficult to design and certify, which can increase the cost and time to market.

Despite the challenges, the benefits of MEAs are significant. MEAs have the potential to improve fuel efficiency, reduce emissions, and increase reliability. As the technology continues to develop, MEAs are likely to become more widespread in the aviation industry.

By Aircraft Type

Top 10 More Electric Aircraft Companies

Rank	Company	Country	Market Share	Revenue (2022)
1	Honeywell	USA	25%	$10 billion
2	Safran	France	15%	$6 billion
3	Thales	France	10%	$4 billion
4	GE Aviation	USA	10%	$4 billion
5	BAE Systems	UK	5%	$2 billion
6	Rockwell Collins	USA	5%	$2 billion
7	Moog	USA	4%	$1.6 billion
8	Parker Hannifin	USA	4%	$1.6 billion
9	Curtiss-Wright	USA	3%	$1.2 billion

By End User

Country-Specific Information

• USA: The USA is the largest market for more electric aircraft, accounting for over 40% of global demand. The top more electric aircraft companies in the USA are Honeywell, GE Aviation, and Rockwell Collins.
• Europe: Europe is the second-largest market for more electric aircraft, accounting for over 30% of global demand. The top more electric aircraft companies in Europe are Safran, Thales, and BAE Systems.
• China: China is the third-largest market for more electric aircraft, accounting for over 20% of global demand. The top more electric aircraft companies in China are AVIC and COMAC.
• Other: The remaining markets for more electric aircraft account for the remaining 10% of global demand. The top more electric aircraft companies in these markets include Moog, Parker Hannifin, and Curtiss-Wright.

The more electric aircraft market is a rapidly growing market, and the top 10 companies in this market are well-positioned to capitalize on this growth. These companies have the resources and expertise to develop and deliver the next generation of more electric aircraft, which will help to improve fuel efficiency, reduce emissions, and increase reliability.