Aircraft Electric Motors Market worth $12.1 billion by 2026

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The report "Aircraft Electric Motors Market
by Type (AC motor, DC motor), Application,
Output Power, Torque, Power Density, End User,
Aircraft Type (Fixed Wing, Rotary Wing,
Unmanned Aerial Vehicles, Advanced Air
Mobility), and Region - Forecast to 2026", size
is projected to grow from USD 8.4 billion in
2021 to USD 12.1 billion by 2026, at a CAGR of
7.4 from 2021 to 2026. The market is driven by
various factors, such as as increase in aircraft
renewals and rise in development of UAvs
and hybrid VTOLs. Download PDF Brochure _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id3248447 Key Market Players The aircraft
electric motors market includes major players
Moog Inc. (US), Meggitt PLC (UK), Altra
Industrial Motion Corporation (US), Woodward,
Inc. (US), and Rolls- Royce PLC (UK). These
players have spread their business across various
countries includes North America, Europe, Asia
Pacific, Middle East, Africa, and Latin America.
COVID-19 has impacted their businesses as well.
Industry experts believe that COVID-19 has
affected aircraft electric motors production and
services by 710 globally in 2020. Demand for
maximum efficiency during engine operation will
drive the demand for engine control system
segment The engine control system segment is
expected to be the largest market by value. The
growth of the engine control system segment of
the aircraft electric motors market can be
attributed to the increase in the complexity of
engines increasing with more control signals and
greater demand for performance and functionality.
In addition, small electric aircraft usually
have an electric starting system during which an
electrical motor is employed along with a
battery, which is the source of electricity,
wiring, switches, and solenoids to operate the
starter. Electric motors are also used to drive
the lubrication and scavenge pumps in aircraft
for oil lubrication and fuel or coolant
systems. The AC motor segment is projected to
witness a higher CAGR during the forecast
period Based on type, the AC motor segment is
projected to be the highest CAGR rate for the
aircraft electric motors market during the
forecast period. The growth of the AC motor
segment of the aircraft electric motors market
can be attributed to the
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applications with varied power requirements.
These are used in actuation systems in aircraft
fans and hydraulic pumps. The above 200 kW
segment is projected to witness a higher CAGR
during the forecast period Based on output
power, the above 200 kW segment is projected to
be the highest CAGR rate for the aircraft
electric motors market during the forecast
period. This growth can be attributed to their
ideal usage for the propulsion of mid-sized
aircraft covering short-range flights. These
motors are well-suited to power smaller
aircraft as a standalone system or as part of a
distributed system on larger aircraft like the
Eviation Alice 9-passenger aircraft. They
typically have higher torque and lesser RPM
compared to smaller motors. The above 200 Nm
segment is projected to witness a higher CAGR
during the forecast period Based on torque, the
above 200 Nm segment is projected to be the
highest CAGR rate for the aircraft electric
motors market during the forecast period. This
growth can be attributed to large or heavy
applications by providing high torque at a slower
speed. The above 10 kW/kg segment is projected
to witness a higher CAGR during the forecast
period Based on power density, the above 10 kW/kg
segment is projected to be the highest CAGR rate
for the aircraft electric motors market during
the forecast period. This growth can be
attributed to heavy aircraft applications like
propulsion. The Unmanned Aerial Vehicles segment
is projected to witness the highest CAGR during
the forecast period Based on the aircraft type,
the unmanned aerial vehicles segment is projected
to grow at the highest CAGR rate for the
aircraft electric motors market during the
forecast period. UAVs are commonly termed drones
and are mostly known for their wide usage in
various military missions such as border
surveillance. They are also used for mapping,
surveying, and determining weather conditions of
a specific area. Certain remotely piloted UAVs
are designed to operate as loitering munition for
defense forces. The OEM segment is projected to
witness the highest CAGR during the forecast
period Based on the end use, the OEM segment is
projected to grow at the highest CAGR rate for
the aircraft electric motors market during the
forecast period. OEMs are responsible for the
installation of electric motors in an aircraft
during the assembly stage and are then made
available for delivery to aircraft manufacturers.
Over the years, there has been a significant
rise in the demand for different aircraft types
across regions. According to Airbus, it delivered
863 commercial aircraft to 99 customers in
2019. The North America market is projected to
contribute the largest share from 2021 to 2026
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North America is projected to be the largest
regional share of the aircraft electric motors
market during the forecast period. The key factor
responsible for North America, leading the
aircraft electric motors market owing to the
rapid growth of the technologically advanced
electric motors in the region. In North America,
the rise in aircraft orders and supplies is
encouraging manufacturers of aircraft electric
motors to increase their sales year on year. The
increasing demand for commercial aircraft and
the presence of some of the leading players
operating in the market, such as MagniX, H3X,
Kollmorgen, Windings Inc., Honeywell
International, Inc, are expected to drive the
aircraft electric motors market in North America.
These players are focusing on RD to increase
their product lines and using technologically
advanced systems, subsystems, and other
components for manufacturing aircraft electric
motors. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id3248447
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