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

The global Electric Motors Market for Aircraft Propulsion System market is projected to witness a growth rate of 96.0% annually from 2021 to 2028, with an anticipated size of US$3.0 billion by 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 market, which provides a comprehensive outlook of the global and regional industry forecast, current & emerging market trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Market Statistics:

Market Size in 2028: US$145.3 million
Growth (CAGR): 96.0% during 2023-2028
Leading Aircraft Type: Advanced Air Mobility
Leading Product Type: DC Motor
Leading Motor Type: Permanent Magnet Motor
Leading Torque Type: >200NM
Leading Power Type: 10-200KW
Leading Specific Power Density Type: 2-5 KG/KW
Leading End-User Type: OE
Leading Region: Europe
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 & Market Share Analysis of the Electric Motors Market for Aircraft Propulsion System Market:

The global Electric Motors Market for Aircraft Propulsion System market is segmented based on Train type, Bearing type, Material type, and Region.

Based on the train 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 the 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.

Which region shows the most promising growth forecast and opportunity?

- Europe is expected to remain the largest demand generator for the electric motors market for aircraft propulsion systems during the forecast period. 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 Market Drivers:

Some of the key drivers listed in the report are given below.
- 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.

Competitive Landscape: Top Companies in the Electric Motors Market for Aircraft Propulsion System Market:

Most of the major players compete in some of the factors, including price, service offerings, regional presence, etc. The following are the key players in the Electric Motors Market for Aircraft Propulsion System Market:

• 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

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Please write to us at sales@stratviewresearch.com

What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the Electric Motors Market for Aircraft Propulsion System market, 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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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.