Aircraft Electric Motor Market Size, Manufacturers, Growth Analysis, Top Players And Future Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Aircraft Electric Motor Global Market Report 2023 identifies expansion of the aviation industry as the major driver for the aircraft electric motor market's growth in the forecast period. The aviation industry includes virtually all facets of air transport as well as the activities that support it. It covers the entire airline sector as well as the manufacture of aircraft, research organizations, military aviation, and much more. Electric aircraft are being used in the aviation industry. These aircraft served as test beds for years with minimal payload and scant range. The number of electric aircraft projects has skyrocketed recently, and commercial electric flights seem to be just around the corner. Therefore, the expansion of the aviation industry would also expand the electric aircraft which would lead to an increase in the demand for aircraft electric motors.

The global aircraft electric motor market size grew from $7.79 billion in 2022 to $8.62 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The aircraft electric motor market size is expected to grow to $12.02 billion in 2027 at a CAGR of 8.7%.

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Major competitors in the aircraft electric motor market are ltra Industrial Motion Corporation, Moog Inc., Meggitt PLC, Allied Motion Inc., Ametek Inc., Arc Systems Inc., Magneto Aero Dynamics.

A key trend in the aircraft electric motor market includes technological advancement. Major companies operating in the aircraft electric motor market are focused on developing technologically advanced products to strengthen their market position. For instance, in July 2022, Collins Aerospace, a US-based supplier of aerospace and defense products developed the first functional prototype of its 500-kilowatt electric motor that is appropriate for the Airlander 10 aircraft. Hybrid-electric operation for Airlander 10 is expected to start in 2026, followed by an all-electric, zero-emission operation in 2030. In order to do this, Collins' 500-kilowatt electric motors will be installed in place of the aircraft's four fuel-burning engines, starting with the two forward engines in 2026 and the two rear engines in 2030.

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The aircraft electric motor market is segmented -
1) By Type: AC Motor, DC Motor

2) By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, Advanced Air Mobility

3) By Torque: Up to 1 Nm, 1-50 Nm, 50-200 Nm, Above 200 Nm

4) By Output Power: Up to 10 kW, 10-200 kW, Above 200 kW

5) By Application: Propulsion System, Flight Control System, Environmental Control System, Engine Control System, Avionics System, Door Actuation System, Landing and Braking System, Cabin Interior System, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the aircraft electric motor market.

The Business Research Company's "Global Aircraft Electric Motor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Aircraft Electric Motor Market Include:
1. Executive Summary
2. Aircraft Electric Motor Market Characteristics
3. Aircraft Electric Motor Market Trends And Strategies
4. Aircraft Electric Motor Market - Macro Economic Scenario
5. Aircraft Electric Motor Market Size And Growth
……
26. Africa Aircraft Electric Motor Market
27. Aircraft Electric Motor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aircraft Electric Motor Market
29. Aircraft Electric Motor Market Future Outlook and Potential Analysis
30. Appendix

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