Aircraft Electric Motors Companies - Moog Inc (US), and Ametek Inc.(US) are the Key Players
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. It is anticipated that demand for commercial aviation would be influenced globally by the need for lightweight aircraft components for new aircraft and an increase in air traffic. However, it is anticipated that industrial advancements would be hampered throughout the forecast period due to delay in aircraft purchase.
Aircraft electric motors are used onboard an aircraft to convert electrical energy to mechanical energy. This helps control systems across various applications in an aircraft, including fuel systems, engines, and hydraulic systems. These electric motors are used across various aircraft types, such as commercial, military, business, and general aviation. Demand for environment friendly aircraft, an increase in aircraft renewals and deliveries, and a rise in development for UAVs and Hybrid VTOLs are key factors propelling the growth of the aircraft electric motors market.
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Major Aircraft Electric Motors Companies Include:
- Moog Inc (US)
- Ametek Inc.(US)
- Woodward, Inc. (US)
- Altra Industrial Motion Corporation (US)
- Meggitt PLC (UK)
Contracts, partnerships, agreements, new product & service launches, mergers, and acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the aircraft electric motors market.
Moog Inc (US). is one of the leading companies that develops and manufactures electric motors for aircraft used in commercial and military applications. Moog Inc. is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and controls systems for a broad range of applications in the aerospace & defense and industrial markets.
Ametek Inc.(US), is a manufacturer of electronic instruments and electromechanical devices and operates across North America, Europe, Asia, and South America. The company operates through two main segments: Electronic Instruments Group (EIG) and Electromechanical Group (EMG). EIG designs and manufactures instruments for the process, power, industrial, and aerospace markets. EMG supplies precision motion control solutions, thermal management systems, specialty metals, and electrical interconnects. Its end markets include aerospace & defense, medical, automation, and other industrial markets. It also provides radio frequency and microwave test & measurement solutions and services.
Woodward, Inc. (US) is one of the leading manufacturers and distributors of aircraft electric motors. It is an independent designer, manufacturer, and service provider of energy control and optimization solutions for the aerospace and industrial markets. The company’s aerospace systems and components optimize the performance of fixed wing and rotorcraft platforms in commercial, business, and military aircraft, ground vehicles, and other equipment. Woodward’s global footprint has expanded to 42 locations in 13 countries.
Altra Industrial Motion Corporation
Altra Industrial Motion Corporation (US) has a wide product portfolio catering to various commercial, military, business, and general aviation applications. Its products include precision motors, miniature motors, linear systems, and engine braking systems. Under this segment, the brands Kollmorgen and Portescap deal in the designing and manufacturing of electric motors.
Meggitt PLC (UK) is another major player of in the aircraft electric motors market. It is one of the key players and has a significant customer base in the aircraft electric motors market consisting of global aircraft manufacturers. The company provides various products and solutions for fire control solutions, safety solutions, power & motion, fuel systems, avionics & sensors, and other related products for about 51,000 civil and 22,000 defense aircraft.
Related Reports:
Aircraft Electric Motors Market by Application, Type ( AC Motors, DC Motors ), End Use, Aircraft Type (Fixed Wing, Rotary Wing, Unmanned Aerial Vehicles, Advanced Air Mobility), Power Density, Torque, Output Power & Region - Global Forecast to 2027
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