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The Aircraft Electric Motors Market was valued at USD 10.53 billion in 2023 and is expected to reach USD 20.87 billion by 2032 and grow at a CAGR of 7.9% over the forecast period 2024-2032.
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.
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.
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
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.
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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
The Major Players are 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.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 10.53 Billion |
| Market Size by 2033 | US$ 20.87 Billion |
| CAGR | CAGR of 7.9% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| 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 |
Ans: The Aircraft Electric Motors is to grow at a CAGR of 7.9% Over the Forecast Period 2023-2030.
Ans: The Aircraft Electric Motors Market size was valued at US$ 9.60 billion in 2022.
The leading Aircraft Electric Motors Market players include ABB, Siemens, ARC Systems Inc, Denso Corporation, Nidec Corporation, Regal Rexnord Corporation, Johnson Electric Holdings Limited, Maxon, Emerson Electric Co., and Rockwell Automation Inc.
The Covid-19 pandemic affected the Aircraft Electric Motors Market negatively. The detailed analysis is included in the final report.
North America region is expected to show the highest growth in the Aircraft Electric Motors Market during the forecast period.
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
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
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