Press release
Aircraft Electric Motor Global Market Size is Expected to grow $12.28 Billion By 2028 with CAGR of 8.1% | key Players: Moog Inc., Meggitt PLC, Allied Motion Inc., Ametek Inc., Arc Systems Inc.
Aircraft Electric Motor Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Aircraft Electric Motor industry. This report on Aircraft Electric Motor market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The aircraft electric motor market size has grown strongly in recent years. It will grow from $8.3 billion in 2023 to $9 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increased automation, energy efficiency, environmental regulations, lightweight materials, urban air mobility (UAM). The aircraft electric motor market size is expected to see strong growth in the next few years. It will grow to $12.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.
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Key Market Players:
Altra Industrial Motion Corporation, Moog Inc., Meggitt PLC, Allied Motion Inc., Ametek Inc., Arc Systems Inc., The Progressive Corporation are prominent players in the Aircraft Electric Motor industry.
Market Drivers:
Expansion of the aviation industry is expected to propel the growth of the aircraft electric motor market going forward. 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.
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Market segments for Aircraft Electric Motor include:
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
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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