The more electric aircraft market has witnessed different market dynamics across various regions of the globe. The following represents the global more electric aircraft by region. It includes North America, Europe, Asia-Pacific, and Rest-of-the-World. The global more electric aircraft market is led by various players who are actively partnering with each other to support the trend toward more electric architecture. The key players that are actively participating in the more electric aircraft market include Boeing, Thales, United Technologies Corporation (UTC), TTTech Computertechnik AG, Safran, Lockheed Martin, Rolls Royce, Israel Aerospace Industries (IAI), Honeywell International, Inc., GE Aviation, Elbit Systems, BAE Systems, Bombardier, Astronics, and Airbus, among others. The prominent players in the more electric aircraft market adopted strategies of contracts, partnerships, agreements, and acquisitions to enhance the next-generation aircraft and their power systems.
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The aviation industry has been working on the more electric aircraft for the past decade. Some of the more electric aircraft include Airbus 380, Boeing 787, Airbus 350, and the F-35 JSF. The sector is focusing on developing hybrid-electric, turbo-electric, and all-electric aircraft. These aircraft will require light, efficient, and high-power density motors that will be suitable with the weight and size constraints of an aircraft, mainly for architecture that uses multiple distributed fans to obtain high propulsive efficiency. In addition to high power density motors, the hybrid-electric and turbo-electric architectures will also need light, efficient and high-power density generators that convert shaft power to electricity, together with an intermediate, lightweight gearbox which will reduce the turbine’s high rotational speed to a slower rate suitable for a generator.
For instance, for individual generators, the power output conditions will be around a factor of 40 higher in an all-electric large commercial aircraft than in the B787, which is one of the world’s most electric aircraft, that generates 1 MW electrical power from four 250 kW engine-mounted generators, along with around 40 MW of thrust power. The move toward more electric aircraft will require such high-power density generators and motors, which will support the more electric aircraft architecture power demand. In addition to this, the aviation industry is focusing on aircraft weight reduction. With these light-weight power components, this will also meet the demand for lightweight more electric aircraft.
Strategies employed to enhance more electric aircraft market have been varying from product launch, acquisitions, partnerships, agreements, and contracts. This segment provides comprehensive insights regarding several development activities that the key players in the industry are adopting to compete directly. To lead the market as well as engage in the process of overall market growth, a company needs to introduce new products to the market, improve the existing products’ framework, work in collaboration with the top market leaders or win new contracts, and acquire the relatively weaker companies into its stronghold.
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The emerging strategies and developments by major stakeholders have resulted in the development of products in the market. Moreover, the market growth is further expected to attract the involvement of leading aviation companies across different segments of the value chain. The key players that are actively participating in the more electric aircraft market include Boeing, Thales, Raytheon Technologies (previously United Technologies Corporation), TTTech Computertechnik AG, Safran, Lockheed Martin, Rolls Royce, Israel Aerospace Industries (IAI), Honeywell International, Inc., GE Aviation, Elbit Systems, BAE Systems, Bombardier, Astronics, and Airbus, among others. The prominent players in the more electric aircraft market adopted strategies of product launches, contracts, acquisitions, and collaborations to enhance more electric aircraft systems and technologies. Companies such as Boeing, Thales, Raytheon Technologies, and Safran have entered into partnerships and collaborations to enhance aircraft power systems and cater to the growing demand for more efficient aircraft.
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