Aircraft Electric Motors Market to Reach $13.64 Billion by 2030 Amidst Sustainability Drive

► Global Aircraft Electric Motors Market Poised for Significant Growth Amidst Technological Advancements and Sustainability Initiatives

The global aircraft electric motors market is on a robust growth trajectory, driven by the aviation industry's shift towards sustainable and efficient propulsion systems. Valued at USD 8.44 billion in 2023, the market is projected to reach approximately USD 13.64 billion by 2030, registering a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030.

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► Market Dynamics and Regional Insights

The increasing demand for low-maintenance and environmentally friendly aircraft has propelled the adoption of electric motors in aviation. North America currently dominates the market, accounting for around 40% of global revenue in 2024, driven by the presence of major aircraft manufacturers and technological innovators. The Asia-Pacific region is experiencing the fastest growth, fueled by substantial investments in aviation infrastructure and a burgeoning demand for air travel.

► Competitive Landscape

The market features key players such as Ametek, Inc., Meggitt plc, Altra Industrial Motion Corp., Woodward, Inc., and Rolls-Royce plc. These companies are focusing on research and development, strategic partnerships, and mergers and acquisitions to enhance their product offerings and market presence.

► Country-Specific Developments

• Vietnam: Emerging Opportunities in Aviation Electrification

Vietnam's growing aviation sector presents opportunities for the adoption of electric propulsion systems. The government's focus on modernizing aviation infrastructure aligns with the global trend towards sustainable aviation solutions.​

• Thailand: Trends in Sustainable Aviation Initiatives

Thailand is witnessing an increased emphasis on sustainable aviation, with initiatives aimed at reducing carbon emissions. This focus is driving interest in electric motor technologies for aircraft applications.

• japan: Growth in Electric Aircraft Research

Japan's commitment to technological innovation is evident in its research and development efforts focused on electric aircraft. Collaborations between government agencies and private enterprises are fostering advancements in this field.​

• South Korea: Updation in Aerospace Technologies

South Korea is updating its aerospace technologies by investing in electric propulsion systems. The country's emphasis on reducing dependence on fossil fuels is propelling the adoption of electric motors in aviation.​

• Singapore: Opportunities in Green Aviation Solutions

Singapore's strategic initiatives towards green aviation are creating opportunities for electric motor applications. The nation's focus on sustainability is driving investments in eco-friendly aircraft technologies.​

• United States: Consolidation in Electric Propulsion Sector

The U.S. is experiencing consolidation in the electric propulsion sector, with major companies acquiring innovative startups to bolster their electric aircraft capabilities. For instance, Meggitt plc's strategic acquisitions reflect this trend.​

• China: Trends in Electric Aircraft Manufacturing

China's substantial investments in electric aircraft manufacturing are positioning the country as a significant player in the global market. The government's support for sustainable aviation is fostering the development of electric propulsion technologies.​

• Europe: Growth in Collaborative Electric Aviation Projects

European nations are engaging in collaborative projects to advance electric aviation. Initiatives supported by the European Union aim to achieve carbon neutrality by 2050, driving the adoption of electric motors in aircraft.

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• Global Aircraft Electric Motors Market Segmentation

• By Type

AC Motor
DC Motor

By Type, the AC motor segment plays a crucial role in the Global Commercial Aircraft Electric Motor Market, as it constitutes a substantial part of the propulsion systems found in contemporary commercial aircraft. Motors that use alternating current (AC) are known for their effective conversion of electrical energy into mechanical power. These motors are extensively used in a variety of applications, such as actuation systems, environmental control systems, and other essential functions within an aircraft. The AC motor segment is preferred due to its dependability, scalability, and compatibility with various types and sizes of aircraft.

• By Torque

Up to 1 Nm
1-50 Nm
50-200 Nm
Above 200 Nm

Torque, A growing demand for aircraft capable of transporting heavy loads has predicted that motors with torque exceeding 200 Nm will prevail in the Torque segment of the Global Aircraft Electric Motors market in the near future. The increasing preference for aircraft motors that deliver high torque at lower speeds has predicted this segment's growth during the forecasted period. The rise in the utilization of aircraft that can accommodate fewer than 20 individuals or carry under 1000 Kg has led to a heightened demand for Aircraft Electric Motors with Torque Capacities between 50 Nm and 200 Nm in 2023.

• By Output Power

Less than 5 kW
5-10 kW
More than 10 kW

• By Aircraft Type

Fixed Wing
Rotary Wing
Advanced Air Mobility
UAV

By Aircraft Type, the demand for remotely operated machinery from military and commercial sectors is expected to result in the UAV segment dominating the Aircraft Type category of the Global Aircraft Electric Motors Market in the coming years. Due to the growing inclination toward economical drones powered by alternative energy, the demand for aircraft electric motors among UAV producers has surged in 2023. The rise in demand for fuel-efficient helicopters from both the defense and civil aviation sectors has led to an increased demand for aircraft electric motors for rotary wing aircraft in 2023.

• By Application

Avionics System
Flight Control System
Engine Control System
Cabin Interior System
Landing & Braking System
Propulsion System
Environmental Control System
Others

In the Application segment of the Global Aircraft Electric Motors Market, the Propulsion system is projected to become dominant in the coming years due to a heightened demand for affordable machinery that can fly and operate aircraft. The aviation industry has seen a 1.8% rise in demand for Avionics and Flight Control systems this decade due to heightened need for self-operating mechanisms that can offer pilots relief during long-duration flights.

• By End Use

OEM
Aftersales

According to forecasts, the demand for fully constructed and operational air carriers will lead OEM to dominate the End User segment of the Global Aircraft Electric Motors Market in the coming years. According to a Reuters report published on July 13, 2021, United Airlines has ordered 100 electric aircraft from Heart Aerospace, each with a capacity of 20 passengers. It has been stated that the presence of assembly lines and demand for ready-to-use aircraft has led to a 7.3% increase in demand for Aircraft Electric Motors from Original Equipment Manufacturers in 2023 compared to the period from 2018 to 2023, following several large orders received
by Boeing and Airbus.

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• Global Aircraft Electric Motors Market Key Players

1.Altra Industrial Motion Corporation
2.Moog Inc.
3.Woodward Inc.
4.Meggitt PLC
5.Rolls Royce PLC
6.Allied Motion, Inc.
7.Ametek, Inc.
8.Arc Systems Inc.
9.Magneto Aero Dynamics
10.MagniX
11.H3X Technologies Inc.
12.Emrax D.O.O.
13.Pipistrel D.O.O.
14.Windings Inc.
15.Xoar International LLC
16.Yasa Ltd.
17. Safran Group
18. Delta TechOps
19. Lufthansa Technik

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