Aircraft electric motors are essential components of electrically powered aircraft, utilizing electricity stored in batteries to generate mechanical energy for propulsion. These motors operate through electromagnetic forces, where electrical energy is converted into rotational motion, driving propellers or fans to produce thrust.
The aircraft electric motor market consists of sales, by entities (organizations, sole traders or partnerships), of aircraft electric motors that refer to a type of motor specifically designed to convert electrical energy into mechanical energy for use in aviation applications. These motors are a key component in electric propulsion systems, enabling aircraft to fly using electricity, rather than traditional fossil fuels.
The global aircraft electric motor market was valued at $6,462.50 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.00%.
Steady Expansion Of The Aviation Industry
A steady expansion of the aviation industry boosted the growth of the aircraft electric motor market during the historic period. Airlines and manufacturers increasingly prioritized electric propulsion systems for their cost-effectiveness, fuel efficiency and reduced emissions, meeting both operational needs and environmental regulations. This trend aligned with the industry's push for sustainable solutions, accelerating electric motor adoption across new aircraft models, especially as electric motor technology evolved to enhance performance and reliability. According to data published by the General Aviation Manufacturers Association (GAMA), a US-based industry trade association representing general aviation aircraft manufacturers and related enterprises, general aviation shipments and billings rose across all aircraft segments, with total deliveries valued at $28.3 billion in 2023, up 3.3% from 2022. Airplane deliveries included an 11.8% rise in piston aircraft (1,682 units), a 9.6% increase in turboprops (638 units) and a slight uptick in business jets to 730 units, totaling $23.4 billion in value, a 2.2% rise. Helicopter deliveries saw a 7.7% increase in piston models (209 units) and a 9.9% gain in civil-commercial turbines (811 units), valued at $4.9 billion, up 9.0%. Therefore, a steady expansion of the aviation industry contributed to the growth of the aircraft electric motor market.
Innovative Developments In Electric Propulsion Units Aimed At Enhancing Efficiency In Small Aircraft
Major companies in the aircraft electric motor market are innovating electric propulsion units to boost efficiency in small aircraft. These include lightweight, air-cooled motors that are designed to replace piston engines, enhancing fuel efficiency and cutting operational costs through advanced materials and manufacturing techniques. For instance, in March 2023, Kite Magnetics, an Australia-based aerospace company developing new materials and technologies for electric motors for small passenger airplanes, launched the KM-120 electric motor at the Avalon Air Show in Victoria. This 120-kW electric propulsion unit is engineered to replace piston engines in 2-4 seat light aircraft. The air-cooled, direct-drive motor aims to enhance efficiency and performance in small aircraft.
The global aircraft electric motor market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 10.33% of the total market in 2023.
Aircraft Electric Motor Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global aircraft electric motor market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for aircraft electric motor? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The aircraft electric motor market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider aircraft electric motor market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by aircraft type, by torque, by output power and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the Russia-Ukraine war, impact of the COVID-19 pandemic and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the aircraft electric motor market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by aircraft type, by torque, by output power and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for aircraft electric motor providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: AC Motor; DC Motor
- 2) By Aircraft Type: Fixed Wing; Rotary Win; Unmanned Aerial Vehicles; Advanced Air Mobility
- 3) By Torque: Up To 1 Nm; 1-50 Nm; 50-200 Nm; Above 200 Nm
- 4) By Output Power: Up To 10 kW; 10-200 kW; Above 200 kW
- 5) By Application: Propulsion System; Flight Control System; Environmental Control System; Engine Control System; Other Applications
- Companies Mentioned: Moog Inc; Woodward Inc; Ametek Inc; Rolls-Royce Holdings plc; Safran SA
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia.
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; aircraft electric motor indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.