Global Aircraft Electric Motors Market Size, Share, and COVID-19 Impact Analysis, By Type (AC Motor and DC Motor), By Applications (Propulsion System, Flight Control System, Environmental Control System, Engine Control System, Avionics System, and Other Systems), By Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles and Advanced Air Mobility), By Output Power (Up to 10 kW, 10-200 kW and Above 200 kW), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032

Industry: Aerospace & Defense

RELEASE DATE Jul 2023
REPORT ID SI2420
PAGES 200
REPORT FORMAT PathSoft

Global Aircraft Electric Motors Market Size Insights Forecasts to 2032.

  • The Global Aircraft Electric Motors Market Size was valued at USD 8.12 Billion in 2022.
  • The Market is Growing at a CAGR of 9.3% from 2022 to 2032
  • The Worldwide Aircraft Electric Motors Market Size is expected to reach USD 19.87 Billion by 2032
  • Asia Pacific is expected to grow the fastest during the forecast period

 

Global Aircraft Electric Motors Market

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The Global Aircraft Electric Motors Market size is anticipated to exceed USD 19.87 Billion by 2032, growing at a CAGR of 9.3% from 2022 to 2032. The aircraft electric motors industry is being driven by a number of aspects, such as a surge in aircraft renewals and a rise in the development of UAVs and hybrid VTOLs. Furthermore, due to the demand for sophisticated aircraft systems on modern aircraft, which reduces weight and lowers operating costs, aircraft electric motors are becoming more prominent.        

 

Market Overview

An aircraft electric motor is a type of electric motor developed specifically for usage in aircraft propulsion systems. It transforms electrical energy into mechanical energy, which is then used to power the aircraft's propellers or rotors. Electric motors in aircraft are an essential part of electric propulsion systems, in order to reduce reliance on conventional combustion engines and transition to cleaner, more sustainable aircraft technology. The surge in regulations on carbon emissions and environmental sustainability, advancements in electric motor technology, and government policies, incentives, and funding programs for aircraft services and replacement are driving the aircraft electric motor market. Furthermore, there is a growing awareness and concern in the aviation industry about environmental issues. This trend in the aviation electric motor industry has pushed for the use of electric propulsion systems powered by electric motors as a way to minimize carbon emissions and increase sustainability. Rapid developments in electric motor technology, battery technology, and power management systems promote electric propulsion system efficiency and performance. These developments help to drive industry growth and the use of electric motors in aeroplanes.

 

Report Coverage

This research report categorizes the market for the global aircraft electric motors market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the aircraft electric motors market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the aircraft electric motors market.

 

Global Aircraft Electric Motors Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 8.12 Billion
Forecast Period:2022-2032
Forecast Period 2022-2032 CAGR:9.3%
2032 Value Projection:USD 19.87 Billion
Historical Data for:2018-2021
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Type, By Applications, By Aircraft Type, By Output Power, By Region, and COVID-19 Impact Analysis.
Companies Covered: MagniX, Pipistrel, Safran Electrical & Power, Meggitt PLC, Siemens, Allied Motion Technologies, ARC Systems Inc., NEMA Ltd., Windings Inc., H3X Technologies Inc., EMRAX d.o.o., MGM COMPRO, Xoar International LLC and other key venders.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

Manufacturers across sectors are optimistic on the use of drones for essential tasks like healthcare sample delivery, infrastructure inspections, and imaging. Electric motors are widely used to power the flights of UAVs and e-VTOLs, resulting in fully electric propulsion. The multipurpose use of unmanned aerial vehicles (UAVs) promotes state and local governments to make investments in drone technology and research, with university pilot programs to strengthen smart city models. The market is strong in defense and military applications and is looking to expand into vertical markets. The increased usability of UAVs in business applications drives up demand for UAVs. 

 

Restraining Factors

Copper cables, steel bars, permanent magnets, special alloys, and other essential aircraft components and materials are widely manufactured in China. A few Chinese manufacturers control the pricing of these raw materials. The price of the product determines the market dominance of certain suppliers. As a result, price fluctuations must be borne by other market suppliers and manufacturers. Raw material suppliers face low profit margins because they are unable to pass on price increases to end customers.

 

Market Segmentation

The Global Aircraft Electric Motors Market share is classified into type, applications, and output power.

 

  • The AC motor segment is expected to hold the largest share of the global aircraft electric motors market during the forecast period.   

The global aircraft electric motors market is categorized by type into AC motor and DC motor. Among these, the AC motor segment is expected to hold the largest share of the global aircraft electric motors market during the forecast period. The market will be driven by rising demand for the electrification of aircraft systems in order to improve efficiency. The widespread integration with actuation systems is driving demand for AC Motors. Due to the widespread use of AC motors in various applications such as pumps and compressors in aircraft, the AC motor segment will be the largest in the market throughout the forecast period.

 

  • The engine control system segment is expected to dominate the market share during the study period.      

Based on the applications, the global aircraft electric motors market is divided into propulsion system, flight control system, environmental control system, engine control system, avionics system, and other systems. Among these, the engine control system segment is expected to dominate the market share during the study period. The growing need for sophisticated and lightweight aircraft electric systems with high performance and efficiency is one of the main drivers propelling the engine control segment.

     

  • The 10-200 kW segment is expected to grow at the fastest pace in the global aircraft electric motors market during the forecast period.           

Based on the output power, the global aircraft electric motors market is divided into Up to 10 kW, 10-200 kW, and above 200 kW. Among these, the 10-200 kW segment is expected to grow at the fastest pace in the global aircraft electric motors market during the forecast period. The motors are frequently utilized in fuel transfer pumps, hydraulic pumps, flap drives, helicopter host drives, undercarriage drives, turret drives, actuator drives, compressor drives, and door actuation.            

 

Regional Segment Analysis of the Global Aircraft Electric Motors Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America accounted for the largest share of the global aircraft electric motors market in 2022.

 

Global Aircraft Electric Motors Market

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North America accounted for the largest share of the global aircraft electric motors market in 2022. North America includes the United States, Canada, and Mexico. The existence of major aviation companies in the region, as well as an increase in aircraft demand, drive the growth of the North American aircraft electric motor market throughout the forecast period. Furthermore, increasing aircraft electrification propels the aircraft electric motor market share in the electric motor industry. As the aviation industry embraces electric propulsion systems, this trend indicates a growing demand for electric motors specifically designed for aviation applications. The aircraft electric motor market is expanding rapidly due to its critical role in increasing efficiency, lowering emissions, and improving sustainability in the aviation industry.   

 

Asia Pacific is expected to grow at the fastest pace in the global aircraft electric motors market during the forecast period. The increase is due to increased aviation investment by countries such as India, China, Japan, and others. The increasing procurement of new aircraft to expand fleets to meet rising air passenger traffic is projected to propel regional market growth. These market participants are constantly investing in R&D to develop advanced aircraft electric motors with higher efficiency and reliability. They are also concentrating on developing more electric aircraft systems rather than hydraulic aircraft systems.     

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global aircraft electric motors along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • MagniX 
  • Pipistrel 
  • Safran Electrical & Power 
  • Meggitt PLC 
  • Siemens 
  • Allied Motion Technologies 
  • ARC Systems Inc. 
  • NEMA Ltd. 
  • Windings Inc.
  • H3X Technologies Inc. 
  • EMRAX d.o.o. 
  • MGM COMPRO 
  • Xoar International LLC 
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In July 2022, In collaboration with Hybrid Air Vehicles and the University of Nottingham, Collins Aerospace created the first working prototype of its 500-kilowatt electric motor suitable for the Airlander 10 aircraft.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Aircraft Electric Motors Market based on the below-mentioned segments:

 

Global Aircraft Electric Motors Market, By Type

  • AC Motor
  • DC Motor

 

Global Aircraft Electric Motors Market, By Applications

  • Propulsion System
  • Flight Control System
  • Environmental Control System
  • Engine Control System
  • Avionics System
  • Other Systems

 

Global Aircraft Electric Motors Market, By Aircraft Type

  • Fixed Wing
  • Rotary Wing
  • Unmanned Aerial Vehicles
  • Advanced Air Mobility

 

Global Aircraft Electric Motors Market, By Output Power

  • Up to 10 kW
  • 10-200 kW
  • Above 200 kW

 

Global Aircraft Electric Motors Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

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