The Business Research Company’s More Electric Aircraft Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The More Electric Aircraft Global Market Report 2023 evaluates more electric aircraft market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global more electric aircraft market size is expected to grow from $2.50 billion in 2022 to $2.86 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global more electric aircraft is expected to grow to $4.80 billion in 2027 at a CAGR of 13.8%.

The increase air passenger traffic is expected to propel the growth of the more electric aircraft market going forward. Air passenger traffic refers to the number of passengers in an aircraft. More electric aircraft are used to carry commercial and business passengers with advanced features such as computer-controlled, electrically driven propellers. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, overall air traveller numbers will reach 4.0 billion in 2024, exceeding pre-COVID-19 levels by 103% of the 2019 total. Therefore, the rise in air passenger traffic is driving the growth of the more electric aircraft market.

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The more electric aircraft market segments in the report are:

1) By Type: Fixed Wing, Rotary Wing, or Hybrid Wing

2) By Aircraft System: Propulsion System, Airframe System

3) By Application: Power Generation, Power Distribution, Power Conversion, and Energy Storage

4) By End User: Civil, Military

The table of contents in TBRC’s more electric aircraft market report includes:

Executive Summary
More Electric Aircraft Market Characteristics
More Electric Aircraft Market Trends And Strategies
More Electric Aircraft Market - Macro Economic Scenario
More Electric Aircraft Market Size And Growth
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Africa More Electric Aircraft Market
More Electric Aircraft Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The More Electric Aircraft Market
More Electric Aircraft Market Future Outlook and Potential Analysis
Appendix
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