29-03-2014, 12:21 PM
Aircraft Electrical Market worth $7.13 Billion by 2018
Electrical Market.pdf (Size: 681.78 KB / Downloads: 14)
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The need for fuel efficient and greener aircraft is a major driving factor, forcing the aircraft manufactures to opt for more
fuel efficient and more electric aircraft (MEA) concept. Recovering from economic crisis airlines across the world are
trying to nullify the effect of losses which they tasted in 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
manufactures 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 manufactures are still depending on
the fewer dominated player. Many reputed companies have increased their funding towards this segment and we will
see many innovative products for aircraft electrical system in near future. Boeings dream liner using bleed less engines
coupled with double the number of generators and other electrical system is a clear example how much aircraft
manufactures looking for more electric aircraft.
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