Harnessing Power In The Skies: Growing At 7.2% CAGR, The Global Aircraft Electric Motor Market Predicted To Reach $9.43 Billion In 2025
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What Is The Current And Forecasted Size Of The Global Aircraft Electric Motor Market?
The aircraft electric motor market size has demonstrated significant growth, with expected market value rising from $8.8 billion in 2024 to $9.43 billion in 2025. Driving this increase is a compound annual growth rate (CAGR) of 7.2%. This remarkable growth can be directly attributed to increased automation, energy efficiency, lightweight materials, environmental regulations, and the rise of urban air mobility (UAM).
Further robust growth is expected in the coming years, with a projected increase to $12.57 billion in 2029, driven by a compound annual growth rate (CAGR) of 7.4%. Factors contributing to this uptick include green aviation initiatives, government incentives, sustainability goals and initiatives, and continued focus on urban air mobility. Key trends influencing this forecasted growth include the electrification of aircraft, lightweight motors, advanced materials, electric propulsion systems, and advancements in battery technologies.
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What Key Growth Drivers Are Powering The Aircraft Electric Motor Market Forward?
The expansion of the aviation industry is a significant driver for the growth of the aircraft electric motor market moving forward. The aviation industry, which oversees all aspects of air transport and supporting activities, is increasingly adopting electric aircraft.
For instance, in 2022, according to the Air Transport Action Group (ATAG), a Switzerland-based coalition of aviation industry experts focusing on sustainable development issues, it is expected that the demand for air travel will average a growth of 3% per year over the next 20 years. By 2038, the aviation sector is predicted to support 13.7 million direct jobs and fuel $1.7 trillion in global GDP. The expansion of the aviation industry and the use of electric aircraft would lead to an increase in demand for aircraft electric motors.
What Are The Key Segments Of The Global Aircraft Electric Motor Market?
1) By Type: AC Motor, DC Motor
2) By Aircraft Type: Fixed Wing, Rotary Wing, 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, Avionics System, Door Actuation System, Landing and Braking System, Cabin Interior System, Other Applications
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Who Are The Major Players In The Aircraft Electric Motor Market?
Prominent companies operating in this market include Altra Industrial Motion Corporation, Moog Inc., Meggitt plc, Allied Motion Inc., Ametek Inc., Arc Systems Inc., Magneto Aero Dynamics, MagniX USA Inc., H3X Technologies Inc., Emrax d.o.o, Woodward Inc., Windings Inc., Xoar International LLC, Yasa Ltd., Rolls-Royce plc, Siemens AG, Honeywell International Inc., Parker Hannifin Corporation, Safran SA, General Electric Company, Nidec Corporation, ABB Ltd., Bühler Motor GmbH, CEF Industries LLC, Esterline Technologies Corporation, TQ Systems GmbH, Trust Automation Inc., Ultra Electronics Holdings plc, WEG S.A., Zunum Aero Inc., Maxon Motor AG, Nanotec Electronic GmbH & Co. KG, NovaTorque Inc., Parker Hannifin Corp., Pittman Motors, Portescap India Private Limited, Rotor Clip Company Inc., Shinano Kenshi Co. Ltd., and ThinGap Inc.
What Are The Emerging Trends In The Aircraft Electric Motor Market Landscape?
Technological advancements are a key trend shaping the aircraft electric motor market. For example, in July 2022, Collins Aerospace developed the first functional prototype of a 500-kilowatt electric motor suitable for the Airlander 10 aircraft. This development is expected to pave the way for hybrid-electric operation in 2026 and a fully electric, zero-emission operation by 2030.
Which Region Is Expected To Oversee The Highest Growth In The Aircraft Electric Motor Market?
In 2024, North America was the largest region in the aircraft electric motor market. However, Asia-Pacific is predicted to be the fastest-growing region during the forecast period. The regions included in the aircraft electric motor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Aircraft Electric Motor Market Report 2025 Offer?
Aircraft electric motors are powered by electricity through a battery that includes stacks of thin lithium-polymer cells. Electric motors use electromagnetic forces for movement. The Aircraft Electric Motor Market research report offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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