USD 5.89 billion
Aircraft Electric Motors Market Size, Share, Growth Analysis, By Application(Propulsion Systems, Flight Control Systems, Environmental Control Systems, Engine Control Systems), By Output Power(Up to 10 kW, 10–200 kW, Above 200 kW), By Type(AC Motors, DC Motors), By Torque(Up to 1 Nm, 1–50 Nm, 50–200 Nm, Above 200 Nm), By Power Density(Up to 5 kW/kg, 5–10 kW/kg, Above 10 kW/kg), By End Use(OEM, Aftermarket), By Aircraft Type(Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, Advanced Air Mobility), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2115 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Aircraft Electric Motors Market Insights
Global Aircraft Electric Motors Market size was valued at USD 6.54 billion in 2022 and is poised to grow from USD 7.14 billion in 2023 to USD 13.58 billion by 2031, growing at a CAGR of 8.6% in the forecast period (2024-2031).
The global aircraft electric motors market is currently witnessing significant growth and transformation as technological advancements and sustainability concerns drive the adoption of electric propulsion systems in the aviation industry.
Presently, there is a growing emphasis on developing electric aircraft, including urban air mobility vehicles, electric vertical take-off and landing (eVTOL) aircraft, and hybrid-electric regional and commercial planes. This trend is primarily attributed to the advantages offered by electric motors, such as improved efficiency, reduced emissions, lower operational costs, and quieter operation, thereby promoting eco-friendly and sustainable aviation solutions.
Additionally, ongoing research and development efforts by key players and aerospace manufacturers are enhancing the performance and reliability of aircraft electric motors, further bolstering market growth. The rising focus on urban air mobility and the increasing demand for short-haul flights are propelling the adoption of electric propulsion systems.
Moreover, favorable government initiatives and regulations aimed at reducing carbon footprints in the aviation sector are providing lucrative opportunities for market expansion. However, challenges related to battery technology, limited range capabilities, and high initial costs remain to be addressed.
Nevertheless, with continuous innovations and collaborative efforts between industry stakeholders, the global aircraft electric motors market is poised to experience remarkable growth in the present and foreseeable future.
US Aircraft Electric Motors Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
AC Motor
Fastest Growth
AC Motor
Growth Rate
8.6% CAGR
Global Aircraft Electric Motors Market ($ Bn)
Country Share for North America Region (%)
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Aircraft Electric Motors Market Segmental Analysis
Global Aircraft Electric Motors Market is segmented by Application, Output Power, Type, Torque, Power Density, End Use, Aircraft Type and region. Based on Application, the market can be segmented into Propulsion Systems, Flight Control Systems, Environmental Control Systems, Engine Control Systems, Avionics Systems, Door Actuation Systems, Landing and Braking Systems, Cabin Interior Systems, Others. Based on Output Power, the market can be segmented into Up to 10 kW, 10–200 kW, Above 200 kW. Based on Type, the market can be segmented into AC Motors, DC Motors. Based on Torque, the market can be segmented into Up to 1 Nm, 1–50 Nm, 50–200 Nm, Above 200 Nm. Based on Power Density, the market is segmented into Up to 5 kW/kg, 5–10 kW/kg, Above 10 kW/kg. Based on End Use, the market is segmented into OEM, Aftermarket. Based on Aircraft Type, the market is segmented into Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, Advanced Air Mobility. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Aircraft Electric Motors Market Analysis By Type
The dominant segment in the global aircraft electric motors market is the AC motor. They offer significant advantages in terms of scalability and adaptability, making them the primary choice for various aviation applications, including commercial aircraft and urban air mobility vehicles.
The fastest-growing segment in the global aircraft electric motors market is the DC motor. While AC motors currently dominate the market, DC motors are experiencing rapid growth owing to their compact size, lightweight nature, and excellent torque characteristics. The increasing focus on urban air mobility and the demand for electric-powered regional aircraft are propelling the adoption of DC motors in the aviation industry, contributing to their accelerated growth rate.
Aircraft Electric Motors Market Analysis By Application
The dominant segment in the global aircraft electric motors market is the Propulsion Systems. The growing focus on sustainability and the increasing demand for eco-friendly aviation solutions are driving the widespread integration of electric motors in propulsion systems, making it the leading application segment in the market.
The fastest-growing segment in the global aircraft electric motors market is flight control systems. As aircraft manufacturers and operators seek advanced technologies to enhance flight safety, maneuverability, and automation, the demand for electric motors in flight control systems is experiencing rapid growth. Additionally, the ongoing developments in fly-by-wire systems and the integration of electric motors in next-generation aircraft are propelling the expansion of the flight control systems application segment in the market.
Global Aircraft Electric Motors Market By Type
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Aircraft Electric Motors Market Regional Insights
The dominant segment in the global aircraft electric motors market is North America. The region holds a leading position due to its well-established aerospace industry, presence of major aircraft manufacturers, and ongoing technological advancements in electric propulsion systems. North America benefits from a strong focus on research and development, government initiatives to promote sustainable aviation, and a high demand for electric aircraft in both commercial and military applications, making it the dominant region in the market.
The fastest-growing segment in the global aircraft electric motors market is Asia Pacific. The region is witnessing rapid growth in the aviation industry, with a surge in air passenger traffic and increasing investments in the development of electric aircraft technologies. Countries like China and India are driving the growth in Asia Pacific, with rising urbanization, population, and demand for regional connectivity, leading to a greater emphasis on electric aircraft and propulsion systems. Additionally, supportive government policies and the presence of emerging electric aircraft manufacturers are further accelerating the adoption of electric motors in the aviation sector, making Asia Pacific the fastest-growing region in the market.
Global Aircraft Electric Motors Market By Geography
- Largest
- Fastest
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Aircraft Electric Motors Market Dynamics
Aircraft Electric Motors Market Drivers
Increasing Emphasis On Environmental Sustainability
- One key driver of the global aircraft electric motors market is the growing emphasis on environmental sustainability and the need to reduce greenhouse gas emissions in the aviation industry. As concerns over climate change continue to rise, governments, aviation authorities, and airlines are increasingly pushing for greener and more eco-friendly aircraft solutions. Electric motors offer a significant advantage in this regard, as they contribute to lower emissions, reduced noise pollution, and improved fuel efficiency compared to traditional combustion engines. This environmental consciousness is driving the adoption of electric propulsion systems, thus propelling the growth of the aircraft electric motors market.
Aircraft Electric Motors Market Restraints
Current Limitations Of Battery Technology
- A key restraint of the global aircraft electric motors market is the current limitations of battery technology. While electric motors offer promising benefits, the energy storage capacity and efficiency of batteries remain a challenge. As aircraft require reliable and high-performance energy sources to power electric motors for extended durations, existing battery technologies may fall short in meeting these demanding requirements. The weight and volume of batteries can also impact aircraft range and payload capabilities, especially for larger commercial planes and long-haul flights. Overcoming these battery-related limitations is crucial for achieving the full potential of electric propulsion in the aviation industry and unlocking further growth in the aircraft electric motors market.
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Aircraft Electric Motors Market Competitive Landscape
The competitive landscape of the global aircraft electric motors market is characterized by intense rivalry among industry players striving to innovate and establish a strong market presence. Major participants are actively engaged in research and development to enhance electric motor technology, aiming for improved efficiency, power output, and lightweight designs. Collaborations and partnerships between aerospace companies and electric motor manufacturers are also common to leverage expertise and expand market reach. Moreover, strategic initiatives, such as mergers and acquisitions, are shaping the competitive dynamics, leading to increased market consolidation. As the demand for electric aircraft propulsion systems grows, competition is expected to further intensify, driving the industry to push the boundaries of electric motor technology for the aviation sector.
Aircraft Electric Motors Market Top Player’s Company Profiles
- Wright Electric (US)
- SAFRAN (France)
- Maxon (Switzerland)
- Moog Inc. (US)
- Ametek, Inc. (US)
- H3X Technologies Inc. (US)
- MagniX Corporation (US)
- Woodward, Inc. (US)
- MGM COMPRO (Czech Republic)
- EMRAX d.o.o. (Slovenia)
- Siemens AG (Germany)
- GE Aviation (US)
- Rolls-Royce Holdings plc (UK)
- Honeywell International Inc. (US)
- Safran Electrical & Power (France)
- United Technologies Corporation (US)
- ABB (Switzerland)
- Parker Hannifin Corporation (US)
- Moticont (US)
- Nova Electric (US)
Aircraft Electric Motors Market Recent Developments
- In June 2022, Zoetis Inc. completed the acquisition of Basepaws, enhancing its portfolio in the field of precision animal health and paving the way for future innovations in pet care.
- In May 2022, Safran formed a partnership with TCab Tech to equip the E20 full-electric eVTOL aircraft with ENGINeUS electric smart motors, a diverse product line featuring electric motors with power outputs ranging from single digits to 500 kW.
Aircraft Electric Motors Key Market Trends
Increasing Focus On Electric Propulsion Systems For Aircraft
- One key market trend in the above market is the increasing focus on electric propulsion systems for aircraft, driven by the aviation industry's growing emphasis on sustainability and eco-friendly solutions. This trend is evident in various developments, partnerships, and acquisitions, where companies are actively investing in and adopting electric motor technologies to power aircraft, ranging from eVTOLs to high altitude and unmanned vehicles. The trend reflects a shift towards greener aviation practices and a recognition of the potential benefits electric motors can offer in terms of reduced emissions, improved fuel efficiency, and quieter operation, aligning with the broader global push towards more environmentally responsible transportation solutions.
Aircraft Electric Motors Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global aircraft electric motors market analysis, the global aircraft electric motors market is witnessing significant growth and transformation driven by the aviation industry's increasing focus on sustainability and eco-friendly solutions. Electric propulsion systems are gaining traction, offering advantages such as reduced emissions, improved fuel efficiency, and quieter operation. Major players are actively investing in research and development to enhance electric motor technology, leading to collaborations, partnerships, and strategic acquisitions. Notable developments include the adoption of electric motors in eVTOL aircraft, high altitude vehicles, and all-electric aircraft, with companies aiming to capitalize on the potential benefits of electric propulsion for aviation. This market trend reflects a broader shift towards greener aviation practices and showcases the industry's commitment to embracing innovative and environmentally responsible solutions for the future of air travel.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 6.54 billion |
| Market size value in 2031 | USD 13.58 billion |
| Growth Rate | 8.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aircraft Electric Motors Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aircraft Electric Motors Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aircraft Electric Motors Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aircraft Electric Motors Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aircraft Electric Motors Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aircraft Electric Motors Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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