Aircraft Electric Motors Market Size Worth $20.44 Billion By 2032 | CAGR: 9.5%

Aircraft Electric Motors Market Size Worth $20.44 Billion By 2032 | CAGR: 9.5%

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

  • The engine control system segment is predicted to dominate the global market in terms of revenue share throughout the course of the forecast period. Engine control systems have a number of benefits. A mounted electronic control called the Electronic Engine Controller (EEC) monitors a variety of engine- and flight-related factors.
  • In terms of revenue share, the DC motors segment is predicted to rule the global market. Radio-controlled aircraft is just one of the many applications for a direct current motor, or DC motor. The main energy conversion it does is from electrical to mechanical. Nowadays, there are three types of direct current motors: brushed, stepper, and brushless.
  • Over the predicted period, North America is expected to represent the largest revenue share. For instance, a part of United Airlines' goal to eliminate its carbon footprint by the year 2050 is to use electric aircraft on regional flights by the end of the decade.
  • Moog Inc., Meggitt PLC, Altra Industrial Motion Corporation, Woodward Inc., Rolls-Royce PLC, Allied Motion Inc., Ametek Inc., MGM Compro, Emrax D.O.O., and Maxon are a few of the prominent companies active on the international market.

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)

  • Propulsion System
  • Flight Control System
  • Engine Control System
  • Environmental Control System

Aircraft Electric Motors, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • AC Motors
  • DC Motors

Aircraft Electric Motors, Aircraft Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Fixed Wing
  • Rotatory Wing
  • Unnamed Aerial Vehicle

Aircraft Electric Motors, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa