April 9, 2013 /PRNewswire/ --
According to a new market research report, "
Aircraft Electrical & Enviornmental Systems Market, Forecast & Analysis (2013
2018)", the total global commercial aircraft electrical & environmental systems market is expected to reach
$7.13 billion by 2018 with a CAGR of 6.50%.
- 80 market data tables
- 16 figures
- 134 Slides and an in-depth Table of Contents on the Aircraft Electrical & Environmental Systems Market.
Early buyers will receive 10% customization on this report.
The need for fuel efficient and greener aircraft is a major driving factor, forcing aircraft manufacturers to opt for more fuel efficient and more electric aircraft (MEA) concept. Recovering from the economic crisis airlines across the world are trying to nullify the effect of losses which they tasted in the austerity crisis. Fuel efficient commercial aircraft can add immense value to their primary goal of making profit. The increasing number of airline passengers has blessed the aircraft manufacturers with enormous aircraft orders. The increasing number of aircraft delivery coupled with the need for more efficient airlines and increasing need for power output by passengers will boost the electrical and environmental system industry.
There is lots of scope for innovative products in this industry, many promising research and development programs are still undergoing effectively. Market entry to this industry is very difficult as aircraft manufacturers are still depending on the less dominated players. Many reputed companies have increased their funding towards this segment and we will see many innovative products for aircraft electrical systems in the near future. Boeing's dream liner using bleed-less engines, coupled with double the number of generators and other electrical systems, is a clear example of how much aircraft manufacturers are looking for more electric aircraft.