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

The global aircraft electric motor market has witnessed a remarkable growth spurt, surging from $7.79 billion in 2022 to $8.62 billion in 2023, showcasing an impressive compound annual growth rate (CAGR) of 10.6%. Projections indicate a continued upward trajectory, with the market size expected to reach $12.02 billion in 2027 at a CAGR of 8.7%. At the heart of this growth lies the expansion of the aviation industry, encompassing all aspects of air transport and serving as a catalyst for the demand in the aircraft electric motor market.

• Aviation Industry Expansion:
  • Encompasses air transport and related activities.
  • Includes airline sector, aircraft manufacturing, research organizations, military aviation, and more.
  • Electric aircraft emerging as a key player in the industry.

• Demand Projections:
  • According to Air Transport Action Group (ATAG), demand for air travel expected to grow by 3% annually.
  • By 2038, the aviation sector anticipated to support 13.7 million direct jobs and $1.7 trillion in global GDP.

Industry Titans: Key Players in the Aircraft Electric Motor Market
Major players driving the dynamics of the aircraft electric motor market include Ultra Industrial Motion Corporation, Moog Inc., Meggitt PLC, Allied Motion Inc., Ametek Inc., Arc Systems Inc., Magneto Aero Dynamics, MagniX, H3X Technologies Inc., Emrax d.o.o, Woodward Inc., Windings Inc., Xoar International LLC, Yasa Ltd., and Rolls-Royce PLC. These industry giants play a pivotal role in shaping the landscape of the market and driving technological advancements.

• Industry Leaders:
  • Ultra Industrial Motion Corporation
  • Moog Inc.
  • Meggitt PLC
  • Allied Motion Inc.
  • Ametek Inc.

Tech Innovation: A Key Trend in the Aircraft Electric Motor Market
Technological advancement stands out as a prominent trend in the aircraft electric motor market. Major companies are dedicated to developing cutting-edge products to strengthen their market position. Notably, in July 2022, Collins Aerospace, a US-based aerospace and defense products supplier, unveiled the first functional prototype of its 500-kilowatt electric motor designed for the Airlander 10 aircraft. The hybrid-electric operation for Airlander 10 is slated to commence in 2026, paving the way for an all-electric, zero-emission operation by 2030.

• Technological Advancements:
  • Focus on developing advanced products.
  • Collins Aerospace’s 500-kilowatt electric motor prototype.
  • All-electric, zero-emission operation in the pipeline.

Market Segmentation: Unveiling the Nuances
The global aircraft electric motor market is intricately segmented based on type, aircraft type, torque, output power, and application. Understanding these segments provides a comprehensive view of the diverse applications and requirements within the market.

• 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

Global Reach: Regional Dynamics
In 2022, North America emerged as the largest region in the aircraft electric motor market. However, the forecast points to Asia-Pacific as the fastest-growing region in the coming years, underscoring the global nature of the market and the shifting dynamics in different regions.

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The Aircraft Electric Motor Global Market Report 2023  provides an overview of the aircraft electric motor market 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 and their market positions.

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