The purpose of this report is to identify business opportunities that arise when the pneumatic and hydraulic power source is replaced with electrical technology. More electric aircraft (MEA) technology plays a crucial role in increasing fuel efficiency of the aircraft, along with increasing its reliability and reducing gas emissions. Other benefits include the use of composite materials that reduce the weight of the aircraft and increase its electrical resistance.
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In the European commercial aircraft batteries and accessories market, leading players have adopted strategies such as the launch of new products, product approvals, partnerships, agreements, collaborations, joint ventures, acquisitions, and expansions. Market players can thus access new technologies, expand their product portfolios, enter growing markets, and increase their market share. In addition to the top market players, companies such as Concorde Battery Corporation, Gill Electric Company and GS Yuasa Corporation also primarily focus on strategic agreements, partnerships, and collaborations to widen their customer base.
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There is an increase in the number of aircraft fleets in several countries including China and India, among others. This report analyzes the factors driving the MEA technology market and the market for batteries and accessories, factors restraining market growth, market opportunities, and the challenges faced in this market.
