More Electric Aircraft Market: Analysis | Leading Players, Industry Updates, Future Growth, Business Prospects Research Report Foresight To 2017 - 2025
The key factor influencing the market for more electric aircraft is the reduction in operational as well as maintenance cost in more electric aircrafts . The usage of electrical appliances in an aircraft reduces the effort to maintain various mechanical and hydraulic parts of an aircraft, thus reducing the maintenance cost. The electrical appliances helps in increasing the operational efficiency and hence minimizing the operational cost. This factor is impacting positively on the growth of market over the period. Moreover, the global aerospace industry is witnessing a huge demand for aircrafts, which is leading the manufacturers to adopt the electric aircraft concept. The rise in demand for aircrafts in order to meet the growing air traffic, is boosting the growth of market for more electric aircraft. The major factor hindering the growth of the more electric aircraft market is the reliability factor of electrical systems or appliances in harsh environment. The electrical systems o...