Global Aircraft Electric Motors Market Report and Forecast 2024-2032

Global Aircraft Electric Motors Market Outlook

The global aircraft electric motors market size reached approximately USD 9.44 billion in 2023. The market is projected to grow at a CAGR of 8.5% between 2024 and 2032, reaching a value of around USD 19.68 billion by 2032.

Key Trends in the Market

Aircraft electric motors are devices that are utilised to convert electrical energy into mechanical energy to drive various aircraft systems. They are a key component of electric propulsion systems used in electric and hybrid-electric aircraft. These motors provide thrust or generate rotational motion to power the aircraft's propellers or fans.

• The aircraft electric motors market development is being supported by rapid advancements in electric motor technologies. The development of high-performance electric motors, including brushless DC motors and permanent magnet motors, with improved power-to-weight ratio and overall efficiency, is enabling the aviation sector to explore electrification solutions.

• Additionally, advancements in battery technology, such as the emergence of high-energy-density lithium-ion batteries, are further enhancing the aircraft electric motors market growth.

• Electric motors are a crucial component of drones and eVTOLs to enable them to achieve fully electric propulsion. Hence, the rising utilisation of UAVs and eVTOLs for critical operations such as surveying, medical sample delivery, imaging, and infrastructural inspection, among others, propels the aircraft electric motors market demand. Moreover, companies and governments are increasingly investing in the development of drone technology for various applications, which is likely to further augment the market expansion in the coming years.

• The increasing focus on environmental sustainability has become one of the major focuses in the aviation sector. Electric motors are significantly advantageous over fossil fuel engines as they provide improved energy efficiency while reducing emissions and noise. This shifting interest presents itself as a major aircraft electric motors market trend. Regulatory bodies around the world are actively implementing strict standards to reduce carbon emissions and noise pollution caused by air travel.

Market Analysis

Based on type, the market is segmented into AC motors and DC motors. On the basis of output power, the market can be bifurcated into less than 10 kW, 10 to 200 kW, and more than 200 kW. The market segmentation, based on aircraft type, includes fixed wing, rotary wing, unmanned aerial vehicle, and advanced air mobility.

The global aircraft electric motors market segmentation, based on application, includes propulsion systems, flight control systems, environmental control system, engine control systems, avionics systems, door actuation systems, landing and braking systems, and cabin interior systems, among other systems. The market, based on sales channel, is bifurcated into OEM and aftermarket. The major regional markets for aircraft electric motors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global aircraft electric motors market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Regal Rexnord Corporation

• Allied Motion, Inc.

• Rolls-Royce Holdings plc

• Moog Inc.

• Meggitt PLC.

• Woodward Inc

• Electromech Technologies 

• Mgm Compro

• ARC Systems Inc.

• Integral Powertrain Limited

• Others

Market Share by Type

According to the aircraft electric motors market analysis, AC motors are likely to experience significant growth in the forecast period, owing to the integration of electric motors with actuation systems. AC motors offer a reliable and flexible way to deliver high speeds. These motors deliver precise and smooth control of mechanical movements, making them ideal for applications such as flight control surfaces, landing gear, and wing flap systems.

Market Share by Application

Engine control systems are anticipated to hold a major portion of the aircraft electric motors market share. The demand for electric engine control systems is expected to surge during the forecast period owing to their advantages such as reduced weight, high performance, and increased efficiency. They allow for fine-tuning and real-time adjustments, ensuring optimal engine operation under various flight conditions.

Competitive Landscape

Regal Rexnord Corporation is an international electric motor manufacturer, and it is currently headquartered in Wisconsin, the United States. The company’s establishment was in the year 1955 and since then it has developed its portfolio to include technologies such as motors, power transmission components, airflow, and power generation solutions, among others.

Allied Motion, Inc. stands as one of the major advanced motion control components and systems manufacturers. The company's history dates to 1962 when it was established as a public company. Today, the company has solidified its position as a leader in the sector, choosing to set up its headquarters in the city of New York, within the United States.

Rolls-Royce Holdings plc is a British multinational engineering company. It has developed various products for the aerospace, defence, marine, and energy sectors. The company was founded in 1904 and has its headquarters in London, United Kingdom.

Other aircraft electric motors market players include Moog Inc., Meggitt PLC., Woodward Inc, Electromech Technologies, Mgm Compro, ARC Systems Inc., and Integral Powertrain Limited, among others.

Key Highlights of the Report