Electric Motors Market for Aircraft Propulsion System is Forecasted to Reach US$ 145.3 Million in 2028, Says Stratview Research

The global Electric Motors Market for Aircraft Propulsion System is projected to witness a growth rate of 96.0% annually from 2023 to 2028, with an anticipated size of US$ 145.3 million in 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Electric Motors Market for Aircraft Propulsion System which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 145.3 million
Growth (CAGR): 96.0% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 8
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Electric Motors Market for Aircraft Propulsion System :

The global Electric Motors Market for Aircraft Propulsion System is segmented aircraft type, product type, Motor type, torque type, power type, specific power density type, end-user type and region

Based on aircraft type: The electric motors market for aircraft propulsion systems is classified as commercial aircraft, regional aircraft, general aviation, unmanned aerial vehicle, and advanced air mobility. Among all the aircraft types, advanced air mobility is likely to hold the largest share of the market during the forecast period and is also anticipated to witness the fastest growth over the same period.
This is majorly owing to an increase in the demand for eVTOLS across regions. In addition, there have been multiple pre-orders of such aircraft, which is projected to propel the market growth in the coming years.

Based on product type: The market is segmented into AC motors and DC motors. Between product types, the DC motor is expected to remain the dominant as well as the fastest-growing market segment during the forecast period. With the use of these motors, there has been a substantial increase in the use of simple and lightweight electric aircraft models. Depending on the application's load, different DC motors have different torque and speeds, which is driving the market for DC motors.

Based on motor type: The market is bifurcated into induction motors and permanent magnet motors. Between motor types, permanent magnet motor is expected to dominate the market during the forecast period.
These motors have a higher torque density and are less fault-tolerant by nature. These motors have several other benefits, such as being lightweight, high thermal resistivity, and lower price, which are driving the adoption of these motors.

Based on torque type: The market is segmented into 50-200NM and >200NM. The. >200NM is expected to remain the largest as well as the fastest-growing market segment by torque type during the forecast period. The torque type is expected to grow at a fastest pace during the forecast period. This growth can be attributed to large or heavy applications by providing high torque at a slower speed.

Based on power type: The market is segmented into 10-200KW and >200KW. In the coming years, the 10-200KW market segment is expected to grow at a faster pace and be the bigger market category during 2023-2028. The majority of the motors used in UAVs, AAMs, and general aviation aircraft will be in this power range.

Based on end-user type: The market is segmented into OE and aftermarket. Between these end-user types, OE is likely to hold the dominant share during the forecast period. The growth of the segment is driven by a series of upcoming electric aircraft programs, especially at the advanced air mobility level.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/3184/electric-motors-market-for-aircraft-propulsion-system.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis Europe is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the highest rate during the forecast period. This growth outlook is majorly attributed to the following-
• This region is home to Pipistrel d.o.o., which is one of the leading electric aircraft OEMs.
• Also, the presence of key electric motor manufacturers, such as Safran, Rolls-Royce plc, and MGM COMPRO, is driving the growth of the regional market.

Electric Motors Market for Aircraft Propulsion System Drivers:
The Electric Motors Market for Aircraft Propulsion System is driven by several key factors, including:
• The need for new technology in the aviation sector is driven by rising environmental awareness and anticipated increases in air traffic in the coming decades.
• The use of electric propulsion in electric aircraft may reduce carbon emissions, but only if new technologies can offer the appropriate power, weight, and reliability, required for a successful aircraft fleet.
• The rising demand for more electric aircraft and unmanned aerial vehicles (UAVs) is expected to increase the employment of high-speed electric motors to power airplanes.
• Although the market is still at the nascent stage, it is anticipated that there will be further development in the market competition with the rise in the demand for electric motors for propulsion systems.
• This is owing to several benefits of electric motors over ICE engines, such as lighter weight, lesser noise, compactness, mechanical simplicity, provision of higher efficiency, and lower energy cost.

Top 10 Companies in the Electric Motors Market for Aircraft Propulsion System:
Stratview Research has identified the following companies as the top market players:
• EMRAX d.o.o.
• H3X Technologies Inc.
• Honeywell Aerospace
• MAGicALL, Inc.
• magniX
• MGM COMPRO
• Plettenberg Elektromotoren GmbH & Co. KG
• Rolls-Royce plc
• Safran
• YASA Limited

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Electric Motors Market for Aircraft Propulsion System , answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

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• Aircraft Propeller Systems Market: https://www.stratviewresearch.com/626/aircraft-propeller-system-market.html
• Aircraft Fuel Systems Market: https://www.stratviewresearch.com/261/aircraft-fuel-systems-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.