Global Aircraft Electric Taxiing Systems Market 2017-2021

Overview of the global aircraft electric taxiing systems market

As per the Technavio’s market research report, the global aircraft electric taxiing systems market is expected to grow at a steady rate and post a CAGR of more than 10% during the forecast period. The growing demand for eTaxi solutions will drive the growth prospects for the global aircraft electric taxiing systems market during the projected period. The market is witnessing a high rate of adoption of new developments such as electric taxiing system (ETS) since it allows zero fuel consumption and is proved to be a cost-efficient method. Also, several vendors and airline operators are increasingly working together by testing ETS on aircraft to improve fuel efficiency and reduce greenhouse gas and carbon emissions, which in turn, will drive the market’s growth in the coming years. Moreover, the increasing interests of various carriers like easyJet, Air France, GoAir, KLM, and Icelandair to support the development and evaluation of electrical green taxing systems (EGTS) will further enhance the market’s growth.

The emergence of zero-emissions hydrogen fuel cell technology will be one of the key trends in the aircraft electric taxiing systems market. The development of new technologies such as hydrogen fuel system results in zero-emission during taxiing operations as the system allows energy capture and charge lightweight batteries of the aircraft, which, in turn, will benefit the global aircraft electric taxiing systems market.

Competitive landscape and key vendors

The global aircraft ETS market comprises of very few multinational stakeholders and regional suppliers. The market includes few vendors since it is highly capital intensive. The vendors ion the market mainly compete based on factors such as technological advancements, cost, quality, and reliability. Several vendors are increasingly focusing on developing innovative products that are high on the technical front and are less expensive than the products introduced by their competitors.

Key vendors in this market are -

• Aerospace Industries
• Technodinamika
• WheelTug

Segmentation by product and analysis of the aircraft electric taxiing systems market

• Non-vehicular aircraft ETS
• Vehicular aircraft ETS

The non-vehicular aircraft ETS segment dominated the global aircraft electric taxiing systems market during 2016 and its dominance is expected to continue until the end of 2021. The increasing efforts of airline operators to reduce carbon emissions by adopting extensive cost-efficient solutions and complying with the relevant regional regulations will accelerate the rate of revenue generation in this market segment.

Segmentation by geography and analysis of the aircraft electric taxiing systems market

• Americas
• APAC
• EMEA

During 2016, the Americas was the leading revenue contributor to the market and the region is expected to continue its market dominance during the forecast period as well. Factors such as the increasing adoption of stringent policies by aviation stakeholders to reduce environment pollution, the efforts taken by US aviation industry to cut down on greenhouse gas release, and the existence of stringent noise regulations, will encourage the adoption of ETS in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global aircraft electric taxiing systems market?
• What are the key market trends impacting the growth of the global aircraft electric taxiing systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global aircraft electric taxiing systems market?
• What are the market opportunities and threats faced by the vendors in the global aircraft electric taxiing systems market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global aircraft electric taxiing systems market?

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