Press release
Global and U.S. Axial Flux Permanent Magnet Motors (AFPMs) Market Report, Published by QY Research.
https://www.qyresearch.com/reports/5290311/axial-flux-permanent-magnet-motors
Core Market Data
Global market size: USD 1.1 billion
CAGR (2024-2030): 12.4%
Average price: USD 3400 per unit
Annual production: 320 kilounits
Gross margin: 37%
Production capacity: 410 kilounits
List of Main Players
YASA Limited (U.K.)
Magnax (Belgium)
Saietta Group (U.K.)
Turntide Technologies (U.S.)
Nidec Corporation (Japan)
Ziehl-Abegg (Germany)
EMRAX d.o.o. (Slovenia)
Alva Industries (Norway)
AVID Technology (U.K.)
Renault Group (France)
1. By Motor Configuration
Single-Rotor, Single-Stator
Double-Rotor, Single-Stator
Double-Stator, Single-Rotor
Integrated Rotor-Stator Hybrid Design
2. By Cooling Method
Air-Cooled
Liquid-Cooled
Oil-Cooled
Hybrid Thermal Management
3. By Power Range
Low Power
Medium Power
High Power
4. By Application
Electric Vehicles
Aerospace Propulsion Systems
Robotics and Industrial Automation
Renewable Energy (Wind and Marine)
Distributed Power Generation
5. By End-Use Sector
Automotive and Mobility
Aerospace and Defense
Industrial Machinery
Energy and Power Generation
Research and Prototyping
Case Study for Bidding
Time: March 2024
Supplier: Magnax (Belgium)
Buyer: Volvo Cars (Sweden)
Product: Liquid-cooled axial flux motors for next-generation EV drive systems
Quantity: 95,000 units
Contract Value: USD 337 million
Delivery Timeline: December 2025
Case Study for End Using
End User: Joby Aviation (U.S.)
Application: Integrated into electric vertical take-off and landing (eVTOL) aircraft propulsion systems.
Installation Location
Mounted directly on rotor hubs for distributed thrust generation.
Connected to inverter and battery modules through lightweight busbars.
Enclosed within carbon-composite housings for aerodynamic integration.
Purpose
Reduces propulsion weight and increases system efficiency.
Enables high torque output in limited installation space.
Enhances redundancy and fault tolerance in multi-motor configurations.
Effect
Achieved torque density exceeding 60 Nm/kg.
Improved overall power efficiency by 12% compared to radial flux alternatives.
Lowered system mass by 18%, increasing payload capacity.
Alternative Devices
Radial flux and induction motors offer robustness but lack the compact torque efficiency of axial flux architectures.
Therefore, Axial Flux Permanent Magnet Motors are increasingly vital for next-generation electric mobility and aerospace propulsion systems.
About QY Research
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