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Aircraft Electric Motor Global Market Insights: Growth Drivers, Size & Forecasts to 2029
Aircraft Electric Motor
What Is the Forecasted Market Growth Rate of the Aircraft Electric Motor Industry?
In recent years, the aircraft electric motor market has seen robust growth. It is projected to increase from $8.8 billion in 2024 to $9.36 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%. The earlier growth in this market can be traced back to factors like heightened automation, superior energy efficiency, environmental norms, the use of lightweight materials, and advancements in urban air mobility (uam).
How Will the Aircraft Electric Motor Market Size Evolve From 2025 to 2029?
The market size of the aircraft electric motor is projected to experience robust growth over the upcoming years. It is set to expand to $12.3 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 7.1%. Factors contributing to this rise during the forecast period include initiatives aimed at green aviation, governmental incentives, sustainability objectives, and the shift to urban air mobility. Leading trends forecasted for this period encompass aircraft electrification, manufacturing of lightweight motors, usage of advanced materials, the development of electric propulsion systems, and advancements in battery technology.
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What Are the Main Growth Drivers in the Aircraft Electric Motor Market Today?
The aircraft electric motor market is expected to grow in tandem with the expansion of the aviation industry. This industry encompasses all aspects of air transport, including the support activities related to it. It extends to all sectors of airline operations, aircraft production, research entities, military aviation, and more. Electric aircraft form part of the aviation industry, serving as experiments for years, with limited payload and range. However, there has been an explosive growth in electric aircraft projects recently, indicating that commercial electric flights are imminent. As the aviation industry expands, so does the use of electric aircraft, which in turn increases the demand for aircraft electric motors. For example, the Air Transport Action Group (ATAG), a coalition of aviation industry experts based in Switzerland, focusing on sustainable development, predicted in 2022 that the demand for air travel would grow by an average of 3% per year over the next 20 years. By 2038, the aviation sector is expected to contribute to 13.7 million direct jobs and $1.7 trillion in global GDP. As a result, the growth of the aviation industry is anticipated to fuel the demand for aircraft electric motors.
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Which Aircraft Electric Motor Market Segment Is Expected to Lead Through 2029?
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
Which Market Trends Are Expected to Dominate Aircraft Electric Motor Industry Growth?
The trend of technological innovation is increasingly becoming popular in the aircraft electric motor market. Aiming to bolster their market standing, numerous top-tier firms are striving to produce technologically superior products. For instance, Collins Aerospace, a US based provider of aerospace and defence products, introduced their first functional prototype of a 500-kilowatt electric motor in July 2022. This motor is suitable for the Airlander 10 aircraft. The schedule for introducing hybrid-electric operation for the Airlander 10 starts from 2026, followed by the adoption of an all-electric, zero-emission operation in 2030. To accomplish this, the 500-kilowatt electric motors developed by Collins will replace the aircraft's four fuel-burning engines, beginning with the two fore engines in 2026 and the remaining two in 2030.
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Which Companies Hold the Largest Market Share in the Aircraft Electric Motor Sector?
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.
Where Is the Aircraft Electric Motor Market Experiencing the Highest Growth?
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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