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Aircraft Electric Motors Market

Aircraft Electric Motors Market by Motor Type (Alternate Current Motor and Direct Current Motor), Application (Industrial, HVAC, Medical Equipment, Industrial Machinery, Home Appliances, and Others), Output Power (Integral Horsepower Output and Fractional Horsepower Output) by Regions and Global Forecast 2022-2028

Report Id: SNS/A&D/1297 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Aircraft Electric Motors Market was valued at USD 8.9 billion in 2021 and US$ 9.60 billion in 2022, expected to reach USD 15.15 billion by 2028, and grow at a CAGR of 7.9% over the forecast period 2022-2028.

An electric motor is a device that converts electrical energy into mechanical energy. The rotor, bearings, stator, air gap, windings, and commutator are among its components.

Aircraft Electric Motors Market Revenue Graph

Alternate Converter motors are an excellent choice for robotic system manufacturers due to factors such as torque requirements, angular movement, speed, acceleration, and control. DC motors include shunt, series, and endless magnets, while AC motors include compatible mechanics and unwanted motors. Electric motors are widely used in OEM products, pumps, transport systems, compressors, fans, and industrial equipment. AC and DC motors can be created by combining computer and sensor components to provide predictable care and save downtime during repair.

The increase in the need for greater mechanical control in the automotive industry, due to the high efficiency of AC synchronous motors, is driving an increase in the market for electric vehicles. Regulations such as the Low Performance Standards have resulted in the construction of energy-efficient motors to increase vehicle output.

This has led to the adoption of energy-efficient motors for devices, accelerating the global expansion of the electric motors market. Demand for electric vehicles has increased in temperature, ventilation and air conditioning due to benefits such as higher torque and lower noise level.

MARKET DYNAMICS:

KEY DRIVERS:

  • Trending market demand

  • Reduce maintenance cost

  • Reduce fuel consumption

RESTRAINTS:

  • Lack of awareness

OPPORTUNITIES:

  • Enhance air mobility

  • Boost up air mobility market

CHALLENGES:

  • Public safety

  • Public acceptance

  • Strict govt policies

THE IMPACT OF COVID-19

The COVID-19 pandemic has already had a significant impact on the first and second quarters of 2020. Several countries, like Germany, Italy, and India, have imposed strict restrictions on people mobility and other economic activity. As a result, construction projects have been halted, resulting in a drop in sales of new electric motors. The automobile sector fell by 25–30 percent in 2020 compared to 2019 and is predicted to rebound only in the second half of 2021. Similarly, the HVAC industry was severely hurt by the closure of the transportation and logistics businesses. Furthermore, travel, tourism, and other activities have been restricted around the world as a result of government policies designed to maintain social distance. As a result, the need for new electric motors was restricted, and sales were decreases

The light & ultralight aircraft segment is expected to grow the largest, based on the platform of electric aircraft. Various technological Enhancement and aircraft up-gradation programs are expected to boost the overall market for electric aircraft. Low noise electric UAVs are adopted increasingly in civil and military applications. Rising incorporate activities and the need for aircraft with low carbon footprints are driving the demand for electric aircraft. According to the system, the battery category would develop at the fastest CAGR in the electric aircraft market over the projection year. Because of their great storage capacity, batteries are the most frequent onboard energy storage components of electric aircraft. Most modern batteries are rechargeable and made of lithium. Battery power density advancements would be the driving force in this market.

The global electric motor market is divided into four segments motor type, output power, application, and geography. The market is separated into two types of motors: alternative current motors and direct current motors. The market is segmented into integral horsepower output and fractional horsepower output based on output power. The market is divided into applications such as automotive, HVAC, medical equipment, industrial machinery, home appliances, and others.

The OEM sector is expected to develop at the fastest CAGR for the aviation electric motors market during the forecast period. OEMs are in charge of installing electric motors in aircraft during the assembly stage, after which they are made available for delivery to aircraft manufacturers. Demand for various aircraft types has increased significantly across geographies throughout the years.

MARKET KEY PLAYER

ABB, Siemens, ARC Systems Inc, DENSO CORPORATION, NIDEC CORPORATION, Regal Rexnord Corporation, Johnson Electric Holdings Limited, Maxon, Emerson Electric Co. Rockwell Automation Inc, and other players.

KEY MARKET SEGMENTATION:

by Motor Type:

  • Alternate Current Motor

  • Direct Current Motor

by Application:

  • Industrial, HVAC

  • Medical Equipment

  • Industrial Machinery

  • Home Appliances

  • Others

by Output Power:

  • Integral Horsepower Output

  • Fractional Horsepower Output

by Platform:

  • Regional Transport Aircraft

  • Business Jets

  • Light Aircraft

  • Ultralight Aircraft

by System:

  • Batteries

  • Electric Motors

  • Aerostructures

  • Avionics

  • Software

Aircraft Electric Motors Market Segment Chart

REGIONAL ANALYSIS:

North America is expected to be the largest regional market share of the aviation electric vehicle at the time of forecasting. A key feature for North America, it is leading the market for aircraft electric vehicles due to the rapid growth of the most developed electric motors in the region. In North America, rising orders for aviation have encouraged manufacturers of aircraft engines to increase their sales year after year. The growing demand for commercial aircraft and the presence of some of the leading players in the market, such as MagniX, H3X, Koll morgen, Windings Inc., Honeywell International, Inc., are expected to boost the North American aircraft car market. These players are focused on R&D to grow their product lines and utilize advanced systems, sub-systems, and other components to produce electric aircraft motors.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Aircraft Electric Motors Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 8.9 Billion
Market Size by 2028 US$ 15.15 Billion
CAGR CAGR of 7.9% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Motor Type (Alternate Current Motor and Direct Current Motor), Application (Industrial, HVAC, Medical Equipment, Industrial Machinery, Home Appliances, and Others), Output Power (Integral Horsepower Output and Fractional Horsepower Output)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles ABB, Siemens, ARC Systems Inc, DENSO CORPORATION, NIDEC CORPORATION, Regal Rexnord Corporation, Johnson Electric Holdings Limited, Maxon, Emerson Electric Co. Rockwell Automation Inc, and other players.
DRIVERS • Trending market demand
• Reduce maintenance cost
• Reduce fuel consumption
RESTRAINTS • Lack of awareness


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Aircraft Electric Motors Market, by Motor Type

8.1 Alternate Current Motor

8.2 Direct Current Motor

 

9. Aircraft Electric Motors Market, by Application

9.1 Industrial, HVAC

9.2 Medical Equipment

9.3 Industrial Machinery

9.4 Home Appliances

9.5 Others

 

10. Aircraft Electric Motors Market, by Output Power

10.1 Integral Horsepower Output

10.2 Fractional Horsepower Output

 

11. Aircraft Electric Motors Market, by Platform

11.1 Regional Transport Aircraft

11.2 Business Jets

11.3 Light Aircraft

11.4 Ultralight Aircraft

 

12. Aircraft Electric Motors Market, by System

12.1 Batteries

12.2 Electric Motors

12.3 Aerostructures

12.4 Avionics

12.5 Software

 

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2    Canada

13.2.3    Mexico

13.3        Europe

13.3.1    Germany

13.3.2    UK

13.3.3    France

13.3.4    Italy

13.3.5    Spain

13.3.6    The Netherlands

13.3.7    Rest of Europe

13.4        Asia-Pacific

13.4.1    Japan

13.4.2    South Korea

13.4.3    China

13.4.4    India

13.4.5    Australia

13.4.6    Rest of Asia-Pacific

13.5        The Middle East & Africa

13.5.1    Israel

13.5.2    UAE

13.5.3    South Africa

13.5.4    Rest

13.6        Latin America

13.6.1    Brazil

13.6.2    Argentina

13.6.3    Rest of Latin America

 

14. Company Profiles

14.1 ABB

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 ARC Systems Inc.

14.3 DENSO CORPORATION

14.4 Emerson Electric Co.

14.5 Johnson Electric Holdings Limited

14.6 Maxon

14.7 NIDEC CORPORATION

14.8 Regal Rexnord Corporation

14.9 Rockwell Automation Inc.

14.10 Siemens

 

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share analysis

15.3 Recent Developments

 

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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