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

The electric motors market for aircraft propulsion systems refers to the industry focused on electric propulsion technologies used in aircraft to improve efficiency, reduce emissions, and enable next-generation electric and hybrid aircraft platforms. According to Stratview Research, the market is projected to reach US$ 145.3 million by 2028, growing at a remarkable CAGR of 96.0% during the forecast period of 2023-2028. The most important growth driver is the increasing development of electric aircraft and advanced air mobility platforms, as these aircraft require high-performance electric motors to enable sustainable aviation and meet tightening emission requirements.

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Market Statistics

• Forecast value: US$ 145.3 million by 2028
• CAGR: 96.0%
• Forecast period: 2023-2028
• Total number of segments: 7
• Tables & figures: 100+
• Country-Level Market Assessment: 20

Market Segmentation

By Aircraft Type
• Commercial Aircraft
• Regional Aircraft
• General Aviation
• Unmanned Aerial Vehicle
• Advanced Air Mobility

By Product Type
• AC Motor
• DC Motor

By Motor Type
• Induction Motor
• Permanent Magnet Motor

By Torque Type
• 50-200NM
• >200NM

By Power Type
• 10-200KW
• >200KW

By Specific Power Density Type
• 2-5 kW/kg
• 5-8 kW/kg
• >8 kW/kg

By End-User Type
• OE
• Aftermarket

By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World

Segment Analysis

By aircraft type, advanced air mobility is expected to be both the dominant and fastest-growing segment due to increasing demand for eVTOL aircraft and the growing number of pre-orders for next-generation electric aircraft platforms. The expansion of urban air mobility programs is accelerating the need for electric propulsion technologies, encouraging motor manufacturers to align product development with emerging AAM requirements.

By product type, DC motors are expected to remain dominant and also witness faster growth due to their suitability for lightweight electric aircraft and their flexibility in delivering different torque and speed combinations. Their compatibility with compact aircraft designs is accelerating adoption across electric aviation programs, prompting suppliers to prioritize DC motor innovation to maintain technological competitiveness.

By motor type, permanent magnet motors are expected to dominate and grow the fastest due to their high torque density, lightweight characteristics, and thermal efficiency advantages. These performance benefits are increasing their use in electric aircraft propulsion architectures, encouraging companies to focus on advanced magnet motor technologies to strengthen their aerospace portfolios.

By torque type, motors above 200NM are expected to remain the largest and fastest-growing segment as they are required for aircraft platforms needing higher propulsion power, particularly regional aircraft and advanced air mobility vehicles. The growing demand for high-power propulsion is expected to push manufacturers toward higher torque motor development programs.

By power type, the 10-200KW segment is expected to remain dominant and grow the fastest as most UAVs, advanced air mobility platforms, and general aviation electric aircraft fall within this power range. The concentration of electric aircraft programs within this category is likely to drive focused investments in this power band.

By end-user type, OE is expected to remain both dominant and the fastest-growing segment due to the increasing number of upcoming electric aircraft programs, particularly in the advanced air mobility space. This makes OEM collaborations essential for companies seeking early positioning in future aircraft platforms.

Regional Insights

Europe is expected to remain the dominant region due to the presence of leading electric aircraft OEMs and electric motor manufacturers, along with strong research activities supporting electric aviation. The concentration of key industry participants and ongoing development programs continues to strengthen the region's leadership position, making it an important market for suppliers aiming to establish strategic aerospace partnerships.

Asia-Pacific is expected to be the fastest-growing region due to increasing investments in aerospace manufacturing and growing interest in electric aircraft technologies. Expanding aviation infrastructure and industrial capabilities are expected to support regional market expansion, creating opportunities for new entrants to establish regional supply chains.

Market Drivers

• Growing push toward sustainable aviation by aircraft manufacturers developing electric propulsion aircraft to reduce emissions
• Increasing investments by aerospace companies in electric and hybrid aircraft programs to meet future mobility requirements
• Rising development of unmanned aerial vehicles by defense and aerospace companies requiring efficient electric propulsion
• Technology advancements by major aerospace companies enabling high-power density electric motors for aircraft propulsion
• Strategic acquisitions such as Rolls-Royce plc acquiring YASA Limited to strengthen electric propulsion capabilities

Competitive Landscape

Top Companies in the 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

FAQs

1. How large could the electric motors market for aircraft propulsion systems become by 2028?
The market is expected to reach US$ 145.3 million by 2028, supported by rapid adoption of electric aircraft technologies.

2. Which aircraft programs are creating the most demand for electric propulsion motors?
Advanced air mobility and eVTOL aircraft programs are expected to generate the highest demand due to increasing development activity.

3. Which region should suppliers target first for partnerships in electric aircraft motors?
Europe currently offers strong opportunities due to the presence of major electric aircraft developers and motor manufacturers.

4. Are OEM partnerships more important than aftermarket channels in this market?
Yes, OEM demand dominates as most electric propulsion programs are still in development and production phases.

5. Which motor technologies are aerospace companies focusing on for future propulsion platforms?
Permanent magnet motors are gaining strong attention due to their high efficiency, lightweight properties, and high torque density.

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