Aircraft Electric Motors Market Share, Trends, Revenue, Scope, CAGR Status, Growth Drivers, Challenges and Future Strategies Till 2033

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Aircraft Electric Motors Market Share, Trends, Revenue, Scope, CAGR Status, Growth Drivers, Challenges and Future Strategies Till 2033: SPER Market Research


 Category : Power & Energy

 Published: Jul-2023
 Author: SPER Analyst


Aircraft Electric Motors Market is projected to be worth USD 22.38 billion by 2033 and is anticipated to surge at a CAGR of 9.62%.

Electric motors designed specifically for use in aircraft are known as aircraft electric motors. The propulsion systems, flight controls, auxiliary systems, and other systems and functions of the aircraft depend on these motors for power and propulsion. They have many advantages over conventional mechanical systems, including greater effectiveness, lower emissions, increased dependability, and better performance. Depending on the needs and design of the aircraft, different energy sources, such as electric batteries or on-board generators, can be used to power the electric motors. The market for electric motors specifically created for use in aircraft applications is referred to as the "aerospace electric motors market."

Global Aircraft Electric Motors Market Driving Factors and Challenges

Several important factors that support the growth and development of the global aircraft electric motors market are its primary drivers. First off, there is an increasing demand for electric propulsion systems in aircraft due to the increased attention being paid to reducing greenhouse gas emissions and the need for more sustainable aviation solutions. Compared to conventional combustion engines, electric motors have higher energy efficiency and fewer emissions, which is in line with the industry's objectives for environmental sustainability.

Secondly, the applications of electric motors in aircraft systems have grown as a result of improvements in power density, reliability, and thermal management. These technological advancements have resulted in the creation of more effective and potent electric motors, enhancing aircraft performance and extending their range.

Even though the market for aircraft electric motors is expanding significantly, it still has challenges that could affect what drives that growth. One challenge is the current battery technologies' low energy density and capacity, which prevents them from being suitable for larger aircraft and long-distance flights. To overcome this obstacle and allow the use of electric motors in a wider variety of aircraft applications, advancements in battery technology are required. Another difficulty is developing an adequate infrastructure for refuelling or charging electric aircraft, which necessitates significant financial and logistical investments. The widespread adoption and trouble-free operation of electric motors in aircraft depend on the development of a strong infrastructure network specifically designed for electric aviation.


Impact of COVID-19 on Global Aircraft Electric Motors Market
The COVID-19 pandemic has had a significant impact on the Global Aircraft Electric Motors Market resulting in reduced capital expenditure and a focus on cost-saving measures. As a result, there have been fewer investments made in modernising and upgrading aircraft, which has had an effect on the demand for aircraft electric motors. The outbreak has severely reduced demand for air travel and reduced aircraft production in the aviation sector. The demand for aircraft electric motors has been impacted as a result of the decreased need for new aircraft and the retrofitting of existing aircraft.

Aircraft Electric Motors Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Altra Industrial Motion Corporation (US), Meggitt PLC (UK), Moog Inc. (US), Rolls-Royce PLC (UK), Woodward, Inc. (US).


Global Aircraft Electric Motors Market Segmentation:

By Type: Based on the Type, Global Aircraft Electric Motors Market is segmented as; AC Motors, DC Motors.

By Output Power: Based on the Output Power, Global Aircraft Electric Motors Market is segmented as; 10-200KW, above 200KW, Up to 10KW, Other.

By Torque: Based on the Torque, Global Aircraft Electric Motors Market is segmented as; 1-50Nm, 50-200Nm, above 200Nm, Up to 1Nm, others. 

By Power Density: Based on the Power Density, Global Aircraft Electric Motors Market is segmented as; 5–10 kW/kg, Above 10 kW/kg, Up to 5 kW/kg, Others.

By Aircraft Type: Based on the Aircraft Type, Global Aircraft Electric Motors Market is segmented as; Advanced Air Mobility, Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, Others 

By End Use: Based on the End Use, Global Aircraft Electric Motors Market is segmented as; Aftermarket, OEM, Others 

By Application: Based on the Application, Global Aircraft Electric Motors Market is segmented as; Avionics Systems, Cabin Interior Systems, Door Actuation Systems, Engine Control Systems, Environmental Control Systems, Flight Control Systems, Landing and Braking Systems, Propulsion Systems.

By Region: This report also provides the data for key regional segments ofAsia-Pacific, Europe, Middle East and Africa, North America, Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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