Aircraft Market size valued at over USD 30 billion in 2018 and is estimated to exhibit around 15% CAGR from 2019 to 2025. Fixed wing accounted for a significant share in the more electric aircraft market. This can be attributed to the increasing demand for such aircrafts from military. The benefits offered by these aircrafts including lower noise emission and limited detection through ISR at low flight height is further escalating the platform demand. The incorporation of electro hydrostatic actuators in such aircrafts for efficient power distribution along with improving efficiency further supports the segment share over the study timeframe. Rotary wing will showcase considerable demand in the more electric aircraft market revenue over the forecast timeframe. This can be credited to the rising investments by aircraft manufacturers for introducing low cost and reliable helicopters for a wide range of applications including military combat, surveillance, emergency backup, and tourism among others. The lower maintenance costs coupled with improving efficiency are some of the major factors enhancing the segment share. Moreover, the diversified range of applications including vertical take-off and landing operations, along with the capability to hover further improves the segment share over the study timeframe. Excerpt from prnewswire.com.
Western U.S Market
Eco Helicopters is placing an additonal 25 aircraft in service under both Part 91 and unlimited FAA Part 135 on-demand/scheduled/HAA cerificate.