Press release
Aviation Industry Expansion Fuels Demand For Aircraft Electric Motors: Transformative Forces Shaping the Aircraft Electric Motor Market Landscape in 2025
Aircraft Electric Motor
What Will the Aircraft Electric Motor Industry Market Size Be by 2025?
In recent years, the size of the aircraft electric motor market has experienced substantial growth. Projections estimate that the market, valued at $8.8 billion in 2024, will increase to $9.43 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.2%. The historical growth trend can be linked to factors such as enhanced automation, energy efficiency initiatives, environmental regulatory measures, the use of lightweight materials, and the emergence of urban air mobility (uam).
What's the Long-Term Growth Forecast for the Aircraft Electric Motor Market Size Through 2029?
The market size of the aircraft electric motor can be foreseen to witness a robust growth in the coming couple of years. The market value is expected to ascend to $12.57 billion in 2029, with a compound annual growth rate (CAGR) of 7.4%. This growth in the projection period can be credited to factors like green aviation initiatives, governmental incentives, sustainability objectives, and initiatives along with urban air mobility. Some significant trends during the forecast period are the electrification of aircraft, development of lightweight motors, usage of advanced materials, enhancement of electric propulsion systems, and advancements in battery technology.
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What Are the Key Growth Drivers Fueling the Aircraft Electric Motor Market Expansion?
The growth of the aircraft electric motor market is projected to be fueled by the expansion of the aviation industry. All aspects of air transport, including the various activities supporting it, come under the aviation industry. This encompasses the complete airline sector, aircraft manufacturing, research bodies, military aviation, and many more. Electric aircraft, presently utilized in the aviation industry, have served as testing platforms for several years with limited payload and range. There's been a surge of electric aircraft projects recently, suggesting the advent of commercial electric flights. Consequently, as the aviation industry grows, so will the usage of electric aircraft, which will in turn stimulate demand for aircraft electric motors. As per the Air Transport Action Group (ATAG), a Switzerland-based team of aviation industry specialists focused on sustainability issues, the demand for air travel is projected to increase by an average of 3% annually over the next 20 years. By 2038, they predict the aviation sector will contribute 13.7 million direct jobs and a global GDP of $1.7 trillion. As such, the aircraft electric motor market is expected to be driven by the expansion of the aviation industry.
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What Are the Key Trends Driving Aircraft Electric Motor Market Growth?
The trend of technological progression is gaining momentum in the aircraft electric motor market. Major participants in this market are concentrating their efforts on creating innovative technological solutions to establish a stronger market presence. For instance, Collins Aerospace, a US firm specialising in aerospace and defense products, has, in July 2022, developed the premier functional prototype of a 500-kilowatt electric motor suitable for the Airlander 10 aircraft. The hybrid-electric function for Airlander 10 is set to launch in 2026, with a transition to a fully electric, zero-emission operation by 2030. To achieve this, Collins' 500-kilowatt electric motors will replace the aircraft's existing four fuel-burning engines, starting with the front two in 2026, and the remaining two in 2030.
How Is the Aircraft Electric Motor Market Segmented?
The aircraft electric motor market covered in this report 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
Subsegments:
1) By AC Motor: Synchronous AC Motors, Asynchronous AC Motors (Induction Motors), Permanent Magnet AC Motors, Brushless AC Motors
2) By DC Motor: Brushed DC Motors, Brushless DC Motors, Stepper Motors, Servo Motors
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Which Companies Are Leading the Charge in Aircraft Electric Motor Market Innovation?
Major companies operating in the aircraft electric motor market include Altra Industrial Motion Corporation, Moog Inc., Meggitt plc, Allied Motion Inc., Ametek Inc., Arc Systems Inc., Magneto Aero Dynamics, MagniX USA Inc., H3X Technologies Inc., Emrax d.o.o, Woodward Inc., Windings Inc., Xoar International LLC, Yasa Ltd., Rolls-Royce plc, Siemens AG, Honeywell International Inc., Parker Hannifin Corporation, Safran SA, General Electric Company, Nidec Corporation, ABB Ltd., Bühler Motor GmbH, CEF Industries LLC, Esterline Technologies Corporation, TQ Systems GmbH, Trust Automation Inc., Ultra Electronics Holdings plc, WEG S.A., Zunum Aero Inc., Maxon Motor AG, Nanotec Electronic GmbH & Co. KG, NovaTorque Inc., Parker Hannifin Corp., Pittman Motors, Portescap India Private Limited, Rotor Clip Company Inc., Shinano Kenshi Co. Ltd., ThinGap Inc.
Which Regions Are Leading the Global Aircraft Electric Motor Market in Revenue?
North America was the largest region in the aircraft electric motor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft electric motor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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