The global nanotech-enabled aircraft power solutions market to grow at a CAGR of 8.89% during the period 2017-2021.
The report, Global Nanotech-Enabled Aircraft Power Solutions Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the emergence of zero-fuel aircraft. Zero-fuel aircraft use photovoltaic panels that absorb energy from the sun and convert them into energy to thrust the engines. Of late, there has been an increasing interest in the commercial and civil sectors for using such aircraft in applications, including agriculture, aerial photography, 3D mapping, wildlife protection, and provision of internet access in remote places. With the growing need for reduction of greenhouse gases emissions, government agencies, in collaboration with private entities, are significantly developing new approaches, such as the use of solar technologies and maximizing the absorption of solar power.
According to the report, one of the major drivers for this market is demand for lightweight and fuel-efficient aircraft. To address the challenges arising from global warming and climatic changes, aerospace stakeholders are actively promoting carbon-reducing measures and energy savings. These initiatives are expected to bring down greenhouse gas emissions that have adverse environmental impacts. Since the late 90s, a number of initiatives have been directed toward substantially reducing the fuel consumptions during flight, landing, and taxiing of aircraft.
Further, the report states that one of the major factors hindering the growth of this market is constrained durability and instability of nanoparticles. The robustness of fuel cell systems is lower compared with the internal combustion engines, particularly in the specific temperature and humidity ranges in which an aircraft driven by a fuel cell would operate. The durability of a commonplace fuel cell stack is half the optimum durability required for its use in commercial aviation.