Aircraft Electric Motors Market Share, Size, Trends, Analysis, Forecast 2023-28
Aircraft Electric Motors Market Outlook
According to a new report by Expert Market Research titled, global aircraft electric motors market trends, Share, Analysis, Report and Forecast 2023-2028″ the aircraft electric motors market reached a value of approximately USD 8.7 billion in 2022. Aided by the rising demand for fuel-efficient aircraft and the growing applications of electric motors in various aviation sectors, the market is projected to further grow at a CAGR of 8.5% between 2023 and 2028 to reach a value of USD 14.2 billion by 2028.
Aircraft electric motors are a crucial component in the aviation industry, used for various applications like actuation systems, cabin ventilation, flight control systems, and electric power generation. They play a vital role in improving aircraft performance, reducing fuel consumption, and overall operational efficiency. Besides their core functionalities, aircraft electric motors are essential in reducing greenhouse gas emissions, aligning with the industry’s shift towards sustainable and eco-friendly practices.
The increasing emphasis on fuel-efficient aircraft is driving the global aircraft electric motors market growth. With the escalating fuel prices and growing environmental concerns, there has been a substantial shift towards aircraft electric motors, leading to a surge in demand for electric and hybrid electric aircraft. These aircraft not only offer substantial fuel savings but also reduce noise and emissions, meeting stringent environmental regulations.
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Furthermore, advancements in technology and the rising trend of automation have also contributed to the increasing the aircraft electric motors market demand. These motors, particularly brushless DC motors, are increasingly used in UAVs (Unmanned Aerial Vehicles), given their lightweight, high-torque, and energy-efficient properties. The expanding UAV market, spurred by their applications in defence, commercial, and recreational sectors, significantly propels the aircraft electric motors market.
The ongoing efforts to enhance aircraft performance and reliability also play a pivotal role in boosting the aircraft electric motors market expansion. The aviation industry extensively employs electric motors in advanced flight control systems, air conditioning systems, and electric power generation systems to ensure optimal aircraft performance and passenger comfort.
Additionally, the growth of the electric aircraft market, marked by investments in electric Vertical Take-off and Landing (eVTOL) aircraft and electric passenger drones, provides a considerable boost to the aircraft electric motors market. These innovative applications are anticipated to reshape the future of urban mobility and air travel, further elevating the demand for aircraft electric motors.
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Aircraft Electric Motors Market Segmentation
The market can be divided based on type, output power, aircraft type, application, sales channel, and region.
Market Breakup by Type
- AC Motors
- DC Motors
Market Breakup by Output Power
- Less than 10 kW
- 10 to 200 kW
- More than 200 kW
Market Breakup by Aircraft Type
- Fixed Wing
- Rotary Wing
- Unmanned Aerial Vehicle
- Advanced Air Mobility
Market Breakup by Application
- Propulsion Systems
- Flight Control Systems
- Environmental Control System
- Engine Control Systems
- Avionics Systems
- Door Actuation Systems
- Landing and Braking Systems
- Cabin Interior Systems
- Other Systems
Market Breakup by Sales Channel
- OEM
- Aftermarket
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global aircraft electric motors companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Regal Rexnord Corporation
- Allied Motion, Inc.
- Rolls-Royce Holdings plc
- Moog Inc.
- Meggitt PLC.
- Woodward Inc
- Electromech Technologies
- Mgm Compro
- ARC Systems Inc.
- Integral Powertrain Limited
- Others
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