Aircraft Electric Motors Market Size, Share & Growth Analysis

^{_{Updated on : Oct 22, 2024}}

The Global 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. A variety of factors including an increase in aircraft renewals and an increase in the development of UAVs and hybrid VTOLs, are driving the aircraft electric motors industry. Additionally the aircraft electric motors are becoming more prominent because of the demand for advanced aircraft systems on modern aircraft, which reduces weight and lowers operating costs.

Aircraft Electric Motors Market Forecast to 2027

To know about the assumptions considered for the study, Request for Free Sample Report

Aircraft Electric Motors Market Analysis

Aircraft Electric Motors Market Trends

Aircraft Electric Motors Market Dynamics

Driver: Increase in use of UAVs and hybrid VTOLs

Companies across industries are optimistic about the use of drones to perform critical activities such as medical sample delivery, infrastructure inspections, and imaging capabilities. Electric motors are extensively used in UAVs and e-VTOLs to power their flights, resulting in fully electric propulsion. The multipurpose use of UAVs encourages state and local governments to invest in drone technology and research, with university pilot programs to strengthen smart city models. The market has a strong presence in defense and military applications and seeks to expand in vertical markets. The increasing usability of UAVs in business applications leads to a spike in demand for UAVs.  

High voltage and thermal issues of aircraft electrical systems

Transmitting large quantities of electricity around an aircraft (from batteries or generators to electric motors) is ideally done at high voltages. Also, with the use of high-power density batteries and motors in aircraft systems, the operating voltage will be significantly higher during the flight. This may generate hundreds of kilowatts of dissipated heat from multiple sources such as electric motors, batteries, power electronics, or cabling. The overheating can be mitigated with the use of an efficient cooling system in place; the absence of this, however, can have a detrimental effect. The Boeing 787 lithium-ion battery failure incidence of 2013 is one example of overheating in the aircraft’s electrical system. Hence, a heat generation mitigation system should be in place to prevent such incidences and ensure safety. Additionally, improvements in the thermal and electrical insulation materials and other changes are required to cope with the high output power of batteries and motors.

Opportunity: Use of electric aircraft for logistics operations

The logistics sector has been concerned about the emissions resulting from cargo airplanes and is in a race toward zero-emission logistics. Stakeholders in this sector are investing in electric modes of transportation to reduce their carbon footprint. Therefore, the use of all-electric aircraft as a mode of transport in logistics opens up new avenues for electric aircraft manufacturers. Cargo or freight aircraft are used for logistics operated by civil passengers, cargo airlines by private individuals, or defense forces of individual countries. According to Statista, the global air freight volume has increased significantly in the last few years, reaching 55.9 million metric tons in 2020. This volume is expected to increase further, owing to the rise of e-commerce. A few logistics companies have started adding all-electric aircraft to their fleet to minimize the resulting carbon emissions. For example, DHL Express (Germany), an air cargo subsidiary of Deutsche Post AG, has recently ordered 12 fully electric cargo aircraft from Eviation Aircraft Ltd. These aircraft, named Alice, are expected to be delivered by 2024 and will be able to carry 1,179 kg of cargo and travel at a range of 440 nautical miles.

Challenge: Re-designing of aircraft for electrification

The growing preference for more electric aircraft has given rise to a new challenge for aircraft engineers in terms of design considerations. Manufacturers also face the dilemma of developing an all-electric aircraft from scratch or retrofitting electrical systems onboard. This will become even more challenging in large commercial aircraft from Boeing and Airbus. In an aircraft, there are different design requirements for each subsystem component, and this poses a challenge for manufacturers.

Aircraft Electric Motors Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of aircraft electric motors. These companies have been operating in the market for several years and possess a diversified product portfolio, state-of-the-art technologies, and strong global sales and marketing networks. Prominent companies include Moog Inc. (US), Meggitt PLC (UK), and Maxon (Switzerland), Woodward, Inc. (U.S.), Moog Inc. (US), Meggitt plc (UK), Woodward, Inc. (US), and Rolls-Royce PLC (UK). Airlines, global air forces, business jet users, private flyers, MROs, and chartered operators are some of the leading consumers of aircraft electric motors.

Engine Control Systems to dominate market share during the forecast period.

Based on application, the aircraft electric motors market has been segmented into propulsion systems, flight control systems, environmental control systems, engine control systems, avionics systems, door actuation systems, landing and braking systems, cabin interior systems, and other systems. One of the primary factors propelling the engine control segment is the increased demand for advanced and lightweight aircraft electric systems with high performance and better efficiency.

AC Motors to lead the market for aircraft electric motors during the forecast period.

Based on Type, the aircraft electric motors market has been segmented into AC Motors and DC Motors. Increasing demand for the electrification of aircraft systems to enhance efficiency will drive the market. The wide integration with the actuation systems to propel the demand for the AC Motors.

10–200 kW segment to witness higher demand during the forecast period

Based on Output Power, the aircraft electric motors market has been classified into Up to 10kW, 10-200 kW and above 200 kW. The motors are widely adopted for the application in hydraulic pumps, fuel transfer pumps, flap drives, undercarriage drives, helicopter host drives, turret drives, compressor drives, actuator drives, and door actuation.

Up to 10 Nm to acquire the largest market share during the forecast period.

Based on Torque, the aircraft electric motors market has been classified into Up to 1 Nm, 1-50 Nm, 50-200 Nm and above 200 Nm. The growth of motors is attributed to wide adoption in valves and actuators to perform critical operations where speed and quick response are required, such as regulating fuel flow or airflow.

5-10 kW/kg to acquire the largest market share during the forecast period.

Based on power density, the aircraft electric motors market has been classified into Up to 5 kW/kg, 5-10 kW/kg and above 10 kW/kg. Motors with this power density enable the miniaturization of end devices and are of the utmost importance for actuation systems in aircraft. This will enhance the growth of the segment.

Fixed wing system segment to hold major market share during the forecast period.

Based on aircraft type, the aircraft electric motors market has been classified into fixed wing, unmanned aerial vehicles, rotary wing, and advanced air mobility. The increase in the air passenger travel will drive the aviation industry, that will proportionally enhance the market for the market. Additionally growing demand for air travel is one of the major factors driving the commercial fixed-wing segment of the aircraft electric motors market.

OEM segment to hold major market share during the forecast period.

Based on end use, the aircraft electric motors market has been classified into OEM and aftermarket. The growing demand for advanced aircraft, combined with the need for the electrification of aircraft systems, is driving the OEM segment in the market.

Regional Analysis - Aircraft Electric Motors Market

North America is projected to witness the highest market share during the forecast period.

North America leads the aircraft electric motors market due Presence of big players, OEMs, and component manufacturers are some of the factors expected to boost the growth of the aircraft electric motors systems market in North America. The growth in this region can be attributed to the presence of several electrical motors and systems manufacturers such as magniX, H3X, Kollmorgen, Windings Inc., and Honeywell International, Inc, among others in the region. These market players continuously invest in R&D to develop advanced aircraft electric motors with improved efficiency and reliability. They are also focused on developing more electric aircraft systems than hydraulics in aircraft.

Aircraft Electric Motors Market by Region

To know about the assumptions considered for the study, download the pdf brochure

Top Aircraft Electric Motors Companies - Key Market Players

The aircraft electric motors companies are dominated by globally established players such as Moog Inc. (US), Meggitt plc (UK), Altra Industrial Motion Corporation (US), Woodward, Inc. (US), and Rolls-Royce PLC (UK) are some leading players in the aircraft electric motors market.

Aircraft Electric Motors Industry Overview

The Aircraft Electric Motors Industry is experiencing a paradigm shift as the aviation sector increasingly embraces electrification. This overview highlights the industry's evolution, driven by technological advancements and a growing commitment to reducing the carbon footprint of air travel. The market is characterized by a diverse range of electric motor applications, from propulsion systems to auxiliary power units. Major aerospace manufacturers are integrating electric motors to enhance fuel efficiency and operational performance. The industry is also marked by significant investments in R&D and strategic collaborations, positioning electric motors as a cornerstone of future aviation innovation.

Scope of the Aircraft Electric Motors Market Report

Aircraft Electric Motors Market Highlights

This research report categorizes the Aircraft Electric motors Market based on Application, Type, End Use, Aircraft Type, Power Density, Torque, Output Power and Region.

Recent Developments

• In April 2021, Maxon supplied six brushed DC motors for NASA's Ingenuity helicopter, which successfully completed its pioneering flight on Mars. This was the first controlled flight of a powered, unmanned spaceflight to another planet.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst