The global aircraft electric motors market size is expected to reach USD 20.44 billion by 2032, according to a new study by Polaris Market Research. The report “Aircraft Electric Motors Market Share, Size, Trends, Industry Analysis Report, By Application; By Type; By Aircraft Type; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The consistent market revenue growth of aircraft electric motors can be attributed to the demand for aviation electrical systems. All aircraft designs depend on their electrical systems. A modern, multi-engine commercial jet aircraft and a single-engine, piston-powered, light general aviation aircraft differ greatly in terms of electrical system complexity and capacity. Several parts of an airplane's electrical system can produce power.
The increase in aircraft deliveries and renewals is another factor that has an impact on the growth of market revenue. Since 2003, Airbus has held the title of top commercial aircraft manufacturer, and 611 jets will be delivered in 2021. Airbus and Boeing are the two main manufacturers of aircraft worldwide. Both businesses manufacture satellites, rockets, missiles, commercial and military aircraft, as well as communications technology.
The power density limitations of electric propulsion technology are a significant element that are projected to restrict market revenue growth. Electric propulsion system installation in ground transportation appears to be less difficult than in aircraft. Due to their underdeveloped electric storage and propulsion systems, which make them far more sensitive to mass, aircraft are unable to handle more weight as well as ground-based vehicles.
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The market has recently seen an increase in demand for electric aircraft. Entrepreneurs are investigating ways to reduce the 3% of global greenhouse gas emissions attributable to air travel by deploying electric airplanes. According to a recent analysis, the issue is that an electric aircraft could only safely fly up to 30 miles with between one and twelve other passengers. Electric flight is a great idea in many respects.
Aircraft Electric Motors Market Report Highlights
Polaris Market Research has segmented the Aircraft Electric Motors Market report based on Application, Type, Aircraft Type and region:
Aircraft Electric Motors, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Aircraft Electric Motors, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Aircraft Electric Motors, Aircraft Type Outlook (Revenue - USD Billion, 2019 - 2032)
Aircraft Electric Motors, Regional Outlook (Revenue - USD Billion, 2019 - 2032)