Global Aircraft Electric Motor Market Size, Drivers, Trends, Opportunities And Strategies – Includes Aircraft Electric Motor Market Demand
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
Expansion of the aviation industry are expected to drive innovation in aircraft electric motor manufacturing, thus driving the market during the forecast period.
The global aircraft electric motor market is expected to grow from $7.79 billion in 2022 to $8.62 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The aircraft electric motor market size is expected to grow to $12.02 billion in 2027 at a CAGR of 8.7%.
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Global Aircraft Electric Motor Market Segments Include:
- By Type: AC Motor, DC Motor
- By Aircraft Type: Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, Advanced Air Mobility
- By Torque: Up to 1 Nm, 1-50 Nm, 50-200 Nm, Above 200 Nm
- By Output Power: Up to 10 kW, 10-200 kW, Above 200 kW
- 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
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global aircraft electric motor market in 2021.
Major Market Players in the aircraft electric motor market include ltra Industrial Motion Corporation, Moog Inc., Meggitt PLC, Allied Motion Inc., Ametek Inc., Arc Systems Inc., Magneto Aero Dynamics, MagniX.
Technological advancement is the key trend gaining popularity in the aircraft electric motor market. Major companies operating in the aircraft electric motor market are focused on developing technologically advanced products to strengthen their market position. For instance, in July 2022, Collins Aerospace, a US-based supplier of aerospace and defense products developed the first functional prototype of its 500-kilowatt electric motor that is appropriate for the Airlander 10 aircraft. Hybrid-electric operation for Airlander 10 is expected to start in 2026, followed by an all-electric, zero-emission operation in 2030. In order to do this, Collins’ 500-kilowatt electric motors will be installed in place of the aircraft’s four fuel-burning engines, starting with the two forward engines in 2026 and the two rear engines in 2030.
The Aircraft Electric Motor Global Market Report 2023 provides a aircraft electric motor market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aircraft electric motor market forecast analyzes aircraft electric motor market size, aircraft electric motor market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Aircraft electric motors is motor powered by electricity through a battery. Electric motors use electromagnetic forces to move. The magnetic forces cause the electromagnet inside an electric motor to spin. The battery that powers an aircraft motor includes stacks of thin lithium-polymer cells.
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