Global Aircraft Electric Motors Market By Type (AC Motor and DC Motor), Applications (Propulsion System, Flight Control System, Environmental Control System, Engine Control System, Avionics System, Door Actuation System, Landing and Braking System, Cabin Interior System and Other Systems), Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles and Advanced Air Mobility), Output Power (Up to 10 kW, 10-200 kW and Above 200 kW), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the aircraft electric motors market would exhibit a CAGR of 7.40% for the forecast period. Rising demand for aircraft electric motors for a wide range of end use applications such as propulsion system, flight control system, environmental control system, engine control system, avionics system, door actuation system, landing, and braking system, cabin interior system and other systems, rising demand for electric aircrafts and increased focus of the manufacturers on the technological advancements are the major factors attributable to the growth of aircraft electric motors market. This signifies that, the global aircraft electric motors market would stand tall by USD 13.95 billion by the year 2028.
From the name itself, it is clear that aircraft electric motors are the mechanical devices that are used in electric aircrafts. Electric aircraft can be charged using batteries, solar, cells, fuel cells, power beaming, and much more, and this is where aircraft electric motors play a crucial role.
Growth and expansion of aviation industry has resulted in growth in the aircraft electric motors market value. Growth in the awareness about the benefits of electric aircrafts such as no air and noise pollution and no harmful gas emissions will also create lucrative growth opportunities for the aircraft electric motors market. Increased demand for the replacement of petrochemical consumption with cleaner and battery-powered electricity will also foster the aircraft electric motors market growth. Stringent regulations imposed by the government on harmful gas emissions coupled with rising environmental concerns will further carve the way for the growth of aircraft electric motors market.
However, lower power to weight ratio of batteries in an electric aircraft will pose a major challenge to the aircraft electric motors market growth rate. Also, non-feasibility costs of electric aircrafts and fluctuations in the prices of raw materials used in the manufacturing process will hamper the aircraft electric motors market growth rate. Inability of the electric aircrafts to cover long distances will further restrict the scope of growth for the aircraft electric motors market.
This global aircraft electric motors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on aircraft electric motors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Aircraft Electric Motors Market Scope and Market Size
The global aircraft electric motors market is segmented on the basis of type, application, aircraft type, and output power. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on type, the global aircraft electric motors market is segmented into AC motor and DC motor.
- On the basis of application, the aircraft electric motors market is segmented into propulsion system, flight control system, environmental control system, engine control system, avionics system, door actuation system, landing and braking system, cabin interior system, and other systems.
- On the basis of aircraft type, the aircraft electric motors market is segmented into fixed wing, rotary wing, unmanned aerial vehicles, and advanced air mobility.
- On the basis of output power, the aircraft electric motors market is segmented into 10 KW, 10-200 KW, and above 200 KW
Global Aircraft Electric Motors Market Country Level Analysis
The global aircraft electric motors market is analysed, and market size insights and trends are provided by country, type, application, aircraft type and output power as referenced above.
The countries covered in the aircraft electric motors market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the aircraft electric motors market and will continue to flourish its trend of dominance during the forecast period owing to the rapid growth of the technologically advanced electric motors especially in U.S.A and Canada. Asia-Pacific region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the growth and expansion of the aviation industry and huge investments made by the emerging economies like India and China.
The country section of the aircraft electric motors market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to significant or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Aircraft Electric Motors Market Share Analysis
The aircraft electric motors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to aircraft electric motors market.
The major players covered in the aircraft electric motors market report are Honeywell International, Inc., Allied Motion, Inc., Altra Industrial Motion Corp., AMETEK.Inc., ARC Systems Inc., Electromech Technologies, EMRAX d.o.o., FAULHABER MICROMO, LLC., H3X Technologies Inc., KDE Direct, magniX., maxon., Meggitt PLC., MGM COMPRO, Moog Inc., PIPISTREL d.o.o., Rolls-Royce plc, T-Motor, Holding "Technodinamika" and Thin Gap. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.