In-depth analysis of More Electric Aircraft Market is a crucial thing for various stakeholders like investors, CEOs, traders, suppliers and others included in the Aerospace & Defence sector. The More Electric Aircraft Market research report is a resource, which provides technical and financial details of the industry. Industry experts project More Electric Aircraft market to grow at a CAGR of 4.09% during the period 2018-2023.
About More Electric Aircraft
MEA are advanced aircraft that use a large number of electrical components to reduce the non-propulsive power systems such as mechanical, hydraulic, and pneumatic systems, all of which derive its power from the aircraft engine. This, conceptually, reduces the weight of aircraft, leading to a low cost of ownership, use of less fuel, reduction in emissions, increased reliability, and several other added benefits.
Market analysts forecast the global more electric aircraft market to grow at a CAGR of 4.09% during the period 2017-2023.