[189 Pages Report] The Aircraft Electric Motors Market size was estimated at USD 9.13 billion in 2023 and expected to reach USD 10.03 billion in 2024, at a CAGR 10.51% to reach USD 18.39 billion by 2030.
An aircraft electric motor is a type of electric motor designed to provide propulsion for an aircraft that converts electrical energy into mechanical energy to drive the propeller or rotor blades of the aircraft. The main advantage of electric motors is that they are more energy efficient than traditional combustion engines, which can potentially reduce fuel consumption and emissions. Aircraft electric motors used in aircraft are typically brushless DC (BLDC) or AC induction motors powered by batteries or fuel cells, which are more environmentally friendly and have lower operating costs than traditional fuel-based propulsion systems. The increasing development of large commercial and military aircraft fleets and the rising demand for aircraft electric motors to develop electric vehicles is boosting the demand for aircraft electric motors. However, fluctuating raw materials costs, technical constraints, and design complexities significantly impede the utilization of aircraft electric motors. In addition, favorable government and private organizations’ investment in the development of electric aircraft and the demand for advanced aircraft electric motors to reduce weight and decrease end-user operating and maintenance costs is expected to create opportunities for the growth of the aircraft electric motors market.
Regional Insights
In North America, the presence of the defense and civil aviation industry and increasing demand for machinery that reduces operating costs of motors have increased the demand for aircraft electric motors. In the Asia-Pacific, the regional market is expanding due to the rising purchase of new aircraft to expand fleets to accommodate the increasing air passenger traffic. The European aircraft electric motor market is growing significantly due to the region’s rising demand for electric aircraft. The UK and France are investing in developing pollution-free aircraft. For instance, in June 2020, France announced a fund of USD 16.85 billion to support the aircraft industry. The scheme involves investing funds in small companies and launching carbon-neutral planes by 2035. Growing tourism in Middle Eastern countries and the increasing use of UAVs for modern agricultural practices in Latin American countries increase the adoption of aircraft electric motors. Countries in the European Union, UAE, Saudi Arabia, South Korea, and Canada have allied for net-zero carbon emissions by 2050. Increased demand for air carriers by the logistics and civil aviation industry that reduces the harmful effect on nature has increased demand for electric aircraft and aircraft electric motors.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Aircraft Electric Motors Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Aircraft Electric Motors Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Aircraft Electric Motors Market, highlighting leading vendors and their innovative profiles. These include Aircraft Electric Motors, Inc., AJ Aircraft, AMETEK, Inc., ARC Systems Inc., Calnetix Technologies, LLC, Collins Aerospace, Diamond Aircraft Industries GmbH, Duxion Motors Inc., Electromech Technologies LLC, EMRAX d.o.o., Evolito Ltd., H3X Technologies Inc., Honeywell International Inc., Horizon Aircraft, Inc., Integral Powertrain Limited, Kawak Aviation Technologies, Inc., KDE Direct, LLC, Kite Magnetics Pty Ltd., MAGicALL, Inc., magniX, Meggitt PLC, MGM COMPRO, Moog, Inc., NEMA, PIPISTREL d.o.o., Regal Rexnord Corporation, Rolls-Royce PLC, Safran Group, Siemens AG, T-Motor, Windings Inc., Woodward, Inc., and Wright Electric.
Market Segmentation & Coverage
This research report categorizes the Aircraft Electric Motors Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- AC Motor
- DC Motor
- Output Power
- 10-200 kW
- Above 200 kW
- Up to 10 kW
- Application
- Cabin Interior System
- Door Actuation System
- Engine Control System
- Environmental Control System
- Flight Control
- Fuel Management System
- Landing and Braking System
- Propulsion System
- Distribution Channel
- Aftermarket
- OEM
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Aircraft Electric Motors Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Aircraft Electric Motors Market?
- What are the technology trends and regulatory frameworks in the Aircraft Electric Motors Market?
- What is the market share of the leading vendors in the Aircraft Electric Motors Market?
- Which modes and strategic moves are suitable for entering the Aircraft Electric Motors Market?
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