CHICAGO, Feb. 20, 2023 /PRNewswire/ — The aircraft electric motors market size is projected to grow from USD 8.2 Billion in 2022 to USD 12.9 Billion by 2027, at a CAGR of 9.4% from 2022 to 2027 according to a new report by MarketsandMarkets™. The anticipated growth in demand for commercial aircraft is driving market expansion.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=3248447
Browse in-depth TOC on “Aircraft Electric Motors Market”
350 – Tables
58 – Figures
275 – Pages
Engine Control Systems is expected to account for the largest share in 2022
Based on application, engine control systems segment is projected to lead the aircraft electric motors market during the forecast period. The increase in engine complexity caused by more control signals and better standards for performance and functionality is whats driving the market for aircraft electric motors engine control system segment growth.
The AC Motor is projected to dominate market share in the system segment during the forecast period
Based on Type, the AC Motor segment is projected to dominate the market share during the forecast period. Applications with various power requirements are to account for the growth of the aircraft electric motors markets AC motor segment. They are utilized in the hydraulic pumps and fan actuation systems of aircraft.
The above 10 kW/kg is projected to witness a higher CAGR during the forecast period.
Based on Power Density, the above 10 kW/kg segment is projected to hold the highest CAGE for the market during the forecast period. The constantly growing passenger traffic and the adoption of advanced mode of transportation to meet demand both have an impact on growth of the segment. The highest growth expansion is due to utilization for the heavy aircraft applications.
The Fixed Wing segment projected to lead aircraft electric motors market during the forecast period
Based on aircraft type, the fixed wing segment is projected to lead the aircraft electric motors market during the forecast period. The demand for fixed-wing aircraft is being driven down by the growing aircraft fleet, the markets desire for fuel-efficient aircraft, and a rise in airline passengers. The advanced air mobility to hold the highest CAGR for the forecast period.
The OEM segment is projected to dominate market share in the system segment during the forecast period
Based on End Use, the OEM segment is projected to dominate the market share during the forecast period. Over the years, there has been a substantial increase in demand for various types of aircraft across the regions. OEM are responsible for installing electric motors in an aircraft during the assembly stage and are subsequently made available for supply to aircraft manufacturers. Hence will drive the market for OEM segment. Additionally, the market growth for the OEM sectors will also be boosted by the deployment of advanced air mobility platforms for passenger transportation and freight delivery.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=3248447
North America is expected to account for the largest share in 2022
The aircraft electric motors market industry has been studied in North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. North America accounted for the largest market share in 2022, and Asia Pacific is projected to witness the highest CAGR during the forecast period. Rising demand for air travel is anticipated to be favourable for the market for aircraft electric motors in the aviation industry. Additionally, increased R&D spending by key companies and OEMs to provide superior electric motors to suit future aviation industry demand. Hence following factors are responsible to accelerate the market for aircraft electric motors in North America.
Major players operating in the aircraft electric motors market include Moog Inc. (US), Meggitt PLC (UK), Altra Industrial Motion Corporation (US), Woodward, Inc. (US), Allied Motion Inc.(US), Arkwin Industries Inc. (US) and Rolls-Royce PLC (UK) are some of the market players.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=3248447
Browse Adjacent Market: Aerospace and Defence Market Research Reports & Consulting
Related Reports:
Aircraft Hydraulic Systems Market by Type (Closed-center, Open-center), End user (Line-fit, Retrofit), Platform (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles), Component, Application and Region – Global Forecast to 2027
Aircraft Fuel Systems Market by Application (Commercial, Military and UAV), Engine Type (Jet engine, Turboprop engine, Helicopter engine and UAV engine), Component, Technology & Region – Global Forecasts to 2020
Electric Aircraft Market by Platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application, and Region (2021-2030)
Aircraft Electrification Market by Technology (More Electric, Hybrid Electric, Fully Electric), Component, Application, System, Platform (Commercial, Military, Business & General Aviation, UAV, AAM) and Region (2021-2030)
Aircraft Pumps Market by Type (Hydraulic pumps, Fuel pumps, Lube and scavenge pumps, Water and waste water pumps, Air conditioning and cooling pumps), Pressure, End Use (OEM, Aftermarket), Technology, Aircraft Type and Region (2021-2026)
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/aircraft-electric-motors-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/aircraft-electric-motors.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets