The More Electric Aircraft (MEA) market is set for significant growth, projected to rise from USD 5.56 billion in 2024 to USD 8.01 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.6% during the forecast period. This new report by MarketsandMarkets™ explores the continued integration of electric systems in aircraft, which is transforming aviation by improving energy efficiency, reducing emissions, and increasing the overall reliability and safety of aircraft.

The demand for More Electric Aircraft is growing as the aviation industry seeks innovative solutions to reduce its carbon footprint and enhance operational efficiency. From electric-powered flight control systems to electric-driven landing gear, MEA technology is increasingly being applied across various aircraft functions, making aviation more sustainable and cost-effective. Electric systems not only optimize energy use for environmental control systems but also provide a safer, more reliable solution for flight control and landing gear.

Key Growth Drivers in the MEA Market

The most prominent feature of More Electric Aircraft is its potential to reduce aircraft fuel usage and emissions, especially during ground operations. Electric Taxiing Systems (ETS), for example, enable aircraft to taxi without using engines, cutting both fuel consumption and emissions at the airport. Additionally, high-voltage power distribution systems ensure efficient power delivery to various subsystems, enhancing overall operational reliability. The continued advancements in battery technology, particularly with solid-state and lithium-sulfur batteries, are expected to further enhance the capabilities of electric-powered systems in aircraft.

While electric propulsion remains in its developmental stages, it holds significant promise for reducing emissions in short- to medium-haul flights, potentially revolutionizing regional air travel with minimal environmental impact.

Market Segmentation and Insights

The MEA market is segmented by platform, system, component, application, end-use, and region. Among the platforms, fixed-wing aircraft are expected to hold the largest share of the market, as these aircraft are used extensively in commercial, regional, and cargo aviation sectors. Fixed-wing aircraft are particularly suitable for MEA technologies due to their range and efficiency in long-distance travel, making them ideal candidates for innovations that enhance fuel efficiency and reduce emissions.

The military sector is forecasted to grow at the fastest rate within the MEA market, with electric systems offering crucial benefits in terms of reliability and maintenance. For instance, the F-35 Lightning II fighter jet uses electric flight control surfaces, which replace hydraulic systems, providing the aircraft with lighter weight, better responsiveness, and more efficient operation in extreme conditions.

Regional Growth and Opportunities

The European market is expected to contribute the largest share to the MEA market’s growth, from 2024 to 2029. European airlines are increasingly focused on upgrading fleets to meet rising passenger demand and comply with EU emissions regulations. As part of their efforts to meet net-zero emissions goals by 2050, European companies, like Airbus, are prioritizing the development of aircraft with MEA technologies. These innovations, such as electric actuation systems, power-by-wire technology, and electric environmental control, offer airlines more fuel-efficient solutions, reducing maintenance costs and improving performance.

The demand for environmentally-friendly and fuel-efficient aircraft is driving the integration of MEA technologies, making the region a key player in the development of the market. Additionally, electric systems have helped improve the performance of commercial aircraft, further encouraging their adoption in the airline industry.

Key Players in the MEA Market

Leading companies in the More Electric Aircraft market include S.A. (France), Honeywell International Inc. (US), RTX (US), General Electric (US), Parker Hannifin Corporation (US), Bae Systems plc (UK), Bombardier Inc. (Canada), Embraer S.A (Brazil), Liebherr (Switzerland), and Rolls-Royce Plc (UK). These companies are playing a vital role in developing the necessary power electronics, flight control systems, and battery technology that will enable the widespread adoption of more electric aircraft across the aviation industry.

As the market evolves, these companies are expected to lead the way in advancing electric systems and components, further driving the growth of the industry. Their continued efforts to develop more efficient and sustainable aircraft will play a crucial role in reducing the aviation sector’s overall environmental impact.

Market Challenges and Opportunities

One of the key challenges facing the MEA market is the significant increase in maximum take-off weight that electric systems can impose on aircraft. The increased weight from high-capacity batteries and electric systems can affect the performance and efficiency of the aircraft. However, this challenge is being addressed through ongoing innovations in battery technology and power electronics, which are expected to provide lighter, more efficient solutions in the future.

Moreover, the development of advanced power electronic components presents a key opportunity for market growth. These components will help reduce the size, weight, and cost of electric systems, enabling more efficient energy conversion and improving overall aircraft performance.

The Future of the MEA Market

The More Electric Aircraft market is set for significant growth in the coming years, driven by innovations in electric systems, battery technology, and sustainable aviation practices. As the aviation industry continues to prioritize fuel efficiency, emissions reductions, and environmental sustainability, MEA technologies are expected to play a crucial role in shaping the future of aviation.

With airlines and aircraft manufacturers increasingly embracing these technologies, the MEA market is poised to revolutionize air travel, offering more sustainable and efficient aircraft for a rapidly growing global market.

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