USD 2.69 billion
Report ID:
SQMIG20A2256 |
Region:
Global |
Published Date: April, 2024
Pages:
201
|Tables:
90
|Figures:
70
Aviation High Speed Motor Market size was valued at USD 2.84 Billion in 2023 and is poised to grow from USD 3 Billion in 2024 to USD 4.65 Billion by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
High speed motors designed specifically for aviation applications are known as aviation high speed motors. Growing emphasis on improving aircraft performance and speed in commercial and military aviation is projected to boost sales of aviation high speed motors over the coming years. Advancements in motor technologies and the growing use of electric propulsion aircraft are also estimated to benefit aviation high speed motor market development going forward. High emphasis on sustainability and growing efforts of the aviation industry to reduce emissions are also estimated to act in favor of aviation high speed motor companies. Rising sales of electric and hybrid aircraft are also estimated to create new opportunities for aviation high speed motor market players in the future. Growing sales of UAVs (unmanned aerial vehicles) and the development of new propulsion systems are also slated to augment the demand for aviation high speed motors in the long run. However, regulatory compliance issues and complexity in installation and use are slated to slow down aviation high speed motor market growth prospects through 2031.
Global Market Size
USD 2.69 billion
Largest Segment
AC Motor
Fastest Growth
DC Motor
Growth Rate
5.6% CAGR
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The global aviation high speed motor market is segmented based on application, type, end use, and region. In terms of application, the market is segmented into propulsion system, flight control system, fuel management system, and others. In terms of type, the market is bifurcated into AC motor and DC motor. Based on end use, the market is divided into f commercial aviation, general aviation, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Type
AC motors are forecasted to account for a dominant stance in the global aviation high speed motor market. High use of AC motors in different aircraft components such as compressors and pumps are what allows this segment to hold sway over other types of motors.
Meanwhile, the demand for DC motors is predicted to increase at a rapid pace across the forecast period. The growing popularity of electric and hybrid propulsion aircraft around the world is a major contributor to the rising demand for DC motors going forward. Increasing electrification of the aviation industry is estimated to boost market growth via this segment in the future.
Analysis by End Use
Commercial aviation is estimated to dominate the global aviation high speed motor demand outlook in the future. The growing number of air travelers and the increasing number of commercial flights around the world are helping this segment hold a high market share. Expansion of air fleet by acquisition of new aircraft by airlines around the world is also bolstering the high market share of commercial aviation.
Demand for aviation high speed motors in general aviation applications is forecasted to increase at a robust pace over the coming years. Replacement of fuel-powered and hydraulic components by electric components will benefit the demand for aviation high speed motor in general aviation going forward.
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North America is estimated to hold a prominent chunk of the global aviation high speed motor demand outlook. This region’s dominance can be ascribed to the presence of key aerospace manufacturers, high demand for UAVs in the military, and rapid adoption of advanced aviation technologies. The United States is slated to spearhead the sales of aviation high speed motors in the long run owing to high military expenditure and a growing number of aircraft in the country. Canada is another significant market for aviation high speed motor suppliers in this region.
Europe is slated to emerge as the fastest-growing market for aviation high speed motor companies in the world owing to surging demand for electric aircraft in this region. Imposition of stringent mandates on aviation industry to reduce its carbon footprint and growing awareness regarding benefits of electric aircraft are contributing to the rising sales of aviation high speed motor in this region. The United Kingdom, Germany, Sweden, and Norway are slated to be highly lucrative markets for aviation high speed motor companies operating in Europe.
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Drivers
Adoption of Electric Aircraft
Emphasis on Improved Aircraft Performance
Restraints
Complex Development and Deployment
Regulatory Compliance Issues
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Aviation high speed motor providers should ride the sustainability wave and collaborate with electric aircraft manufacturers to improve their sales and revenue generation potential in the future. Companies can also invest in the R&D of novel motors that are efficient yet powerful. Aviation high speed motor market players can also focus on creating motors that can be retrofitted to old aircrafts as retrofitting of old aircraft opens up loads of money-making opportunities.
Top Player’s Company Profiles
Recent Developments
Growing Use of Electric Propulsion: Aviation high speed motor providers can target the growing use of electric propulsion systems in hybrid and electric aircraft. Companies can focus on the development of specialized aviation high speed motors for different aerospace applications to maximize their revenue generation in the future.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, rapidly expanding commercial aviation sector and growing emphasis on improving aircraft efficiency are key factors promoting the demand for aviation high speed motors over the coming years. On the contrary, stringent regulations imposed by regulatory bodies and governments on aircraft components are estimated to hamper market growth going forward. Presence of key aerospace companies is contributing to North America’s dominance in the global aviation high speed motor market. High adoption of electric propulsion systems and growing use of electric aircraft and hybrid aircraft are slated to create new opportunities for aviation high speed motor providers.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.84 Billion |
Market size value in 2032 | USD 4.65 Billion |
Growth Rate | 5.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Aviation High Speed Motor 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 Aviation High Speed Motor 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aviation High Speed Motor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aviation High Speed Motor 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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Report ID: SQMIG20A2256
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