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Aircraft Electric Motors Market worth $18.39 billion by 2030, growing at a CAGR of 10.51% - Exclusive Report by 360iResearch
Aircraft Electric Motors Market | 360iResearch
The Global Aircraft Electric Motors Market to grow from USD 9.13 billion in 2023 to USD 18.39 billion by 2030, at a CAGR of 10.51%.
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An aircraft electric motor is a type of electric motor designed to provide propulsion for an aircraft that converts electrical energy into mechanical energy to drive the propeller or rotor blades of the aircraft. The main advantage of electric motors is that they are more energy efficient than traditional combustion engines, which can potentially reduce fuel consumption and emissions. Aircraft electric motors used in aircraft are typically brushless DC (BLDC) or AC induction motors powered by batteries or fuel cells, which are more environmentally friendly and have lower operating costs than traditional fuel-based propulsion systems. The increasing development of large commercial and military aircraft fleets and the rising demand for aircraft electric motors to develop electric vehicles is boosting the demand for aircraft electric motors. However, fluctuating raw materials costs, technical constraints, and design complexities significantly impede the utilization of aircraft electric motors. In addition, favorable government and private organizations' investment in the development of electric aircraft and the demand for advanced aircraft electric motors to reduce weight and decrease end-user operating and maintenance costs is expected to create opportunities for the growth of the aircraft electric motors market.
In North America, the presence of the defense and civil aviation industry and increasing demand for machinery that reduces operating costs of motors have increased the demand for aircraft electric motors. In the Asia-Pacific, the regional market is expanding due to the rising purchase of new aircraft to expand fleets to accommodate the increasing air passenger traffic. The European aircraft electric motor market is growing significantly due to the region's rising demand for electric aircraft. The UK and France are investing in developing pollution-free aircraft. For instance, in June 2020, France announced a fund of USD 16.85 billion to support the aircraft industry. The scheme involves investing funds in small companies and launching carbon-neutral planes by 2035. Growing tourism in Middle Eastern countries and the increasing use of UAVs for modern agricultural practices in Latin American countries increase the adoption of aircraft electric motors. Countries in the European Union, UAE, Saudi Arabia, South Korea, and Canada have allied for net-zero carbon emissions by 2050. Increased demand for air carriers by the logistics and civil aviation industry that reduces the harmful effect on nature has increased demand for electric aircraft and aircraft electric motors.
Market Segmentation & Coverage:
This research report categorizes the Aircraft Electric Motors Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across AC Motor and DC Motor. The DC Motor is projected to witness significant market share during forecast period.
Based on Output Power, market is studied across 10-200 kW, Above 200 kW, and Up to 10 kW. The 10-200 kW is projected to witness significant market share during forecast period.
Based on Application, market is studied across Cabin Interior System, Door Actuation System, Engine Control System, Environmental Control System, Flight Control, Fuel Management System, Landing and Braking System, and Propulsion System. The Door Actuation System is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Aftermarket and OEM. The Aftermarket is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Aircraft Electric Motors Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Aircraft Electric Motors Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Aircraft Electric Motors Market, highlighting leading vendors and their innovative profiles. These include Aircraft Electric Motors, Inc., AJ Aircraft, AMETEK, Inc., ARC Systems Inc., Calnetix Technologies, LLC, Collins Aerospace, Diamond Aircraft Industries GmbH, Duxion Motors Inc., Electromech Technologies LLC, EMRAX d.o.o., Evolito Ltd., H3X Technologies Inc., Honeywell International Inc., Horizon Aircraft, Inc., Integral Powertrain Limited, Kawak Aviation Technologies, Inc., KDE Direct, LLC, Kite Magnetics Pty Ltd., MAGicALL, Inc., magniX, Meggitt PLC, MGM COMPRO, Moog, Inc., NEMA, PIPISTREL d.o.o., Regal Rexnord Corporation, Rolls-Royce PLC, Safran Group, Siemens AG, T-Motor, Windings Inc., Woodward, Inc., and Wright Electric.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Aircraft Electric Motors Market, by Type
7. Aircraft Electric Motors Market, by Output Power
8. Aircraft Electric Motors Market, by Application
9. Aircraft Electric Motors Market, by Distribution Channel
10. Americas Aircraft Electric Motors Market
11. Asia-Pacific Aircraft Electric Motors Market
12. Europe, Middle East & Africa Aircraft Electric Motors Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Aircraft Electric Motors Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Aircraft Electric Motors Market?
3. What is the competitive strategic window for opportunities in the Aircraft Electric Motors Market?
4. What are the technology trends and regulatory frameworks in the Aircraft Electric Motors Market?
5. What is the market share of the leading vendors in the Aircraft Electric Motors Market?
6. What modes and strategic moves are considered suitable for entering the Aircraft Electric Motors Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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