Aviation High Speed Motor Market To Cross US$ 3.8 Billion By 2028

How Big is the Aviation High Speed Motor Market ? :

IMARC Group's latest report, titled "Aviation High Speed Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global aviation high speed motor market size reached US$ 2.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2028, exhibiting a growth rate (CAGR) of 6.1% during 2023-2028.

What are Aviation High Speed Motor and Uses ? :

Compared to its counterparts, an aviation high speed motor refers to a device that exhibits higher power density and lower power voltage. It plays a crucial role in aircraft propulsion, transmission, and flight control systems. Nowadays, there is a growing reliance on air transport, owing to its convenience, reliability, and status as the fastest mode of transportation. Air conveyance is extensively utilized for conducting rescue operations during natural disasters, such as earthquakes, floods, and famines. In addition to this, this transportation also contributes to economic growth and job creation and facilitates international trade and tourism. As a result, the demand for aviation high speed motors is positively influenced globally.

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Who are the key Players Operating in the Industry ? :

• Allied Motion Technologies Inc
• ARC Systems Inc
• EMRAX d.o.o
• H3x Technologies Inc
• MagniX
• Meggitt PLC
• NEMA Ltd
• Pipistrel d.o.o
• Safran S.A
• Siemens AG
• Windings Inc

What are the Growth Prospects and Trends in the Aviation High Speed Motor Industry ? :

The rising number of economic carriers, the inflating investments in airport infrastructure by the leading organizations, and the escalating air passengers are among the primary factors driving the aviation high speed motor market. Besides this, the elevating requirement for these devices, owing to their usage in rescue operations during calamities, such as earthquakes, floods, and famines, is further augmenting the market growth. Moreover, aviation high speed motors power unmanned aerial vehicles (UAVs) utilized by the armed forces for military operations, which is also catalyzing the global market.

Apart from this, continuous advancements in energy storage systems, electrical motors, and power electronics converters (PEC) are acting as significant growth-inducing factors. Additionally, the extensive utilization of these devices in electric airplanes, as they offer the advantage of emitting no emissions during operation and requiring less maintenance than combustion engines, is also stimulating the market growth. Furthermore, the growing popularity of air travel has led to improved aircraft acquisitions, which is expected to bolster the aviation high speed motor market in the coming years.

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Key Market Segmentation:

Breakup by Type:

• AC Motor
• DC Motor

Breakup by Application:

• Propulsion System
• Flight Control System
• Fuel Management System
• Others

Breakup by End Use:

• Commercial Aviation
• General Aviation
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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