What Has Been The Historical And Current Growth Of The Aircraft Electric Motor Market?
The Aircraft Electric Motor Market size has seen resilient growth in the past few years.
• The market size in 2024 was $8.8 billion and it climbed to $9.43 billion in 2025, marking a compound annual growth rate (CAGR) of 7.2%.
What Is The Projected Market Size And Growth Rate For The Aircraft Electric Motor Market?
The aircraft electric motor market is anticipated to witness robust growth in the coming years.
• The forecast predicts the market will surge to $12.57 billion in 2029, growing at a CAGR of 7.4%.
The avenue towards this robust growth is paved by green aviation initiatives, government incentives, sustainability goals, sustainability initiatives, urban air mobility, electrification of aircraft, lightweight motors, and the advent of advanced materials.
What Factors Are Poised To Fuel The Growth Of The Aircraft Electric Motor Market?
The expansion of the aviation industry is earmarked to stimulate the growth of the aircraft electric motor market. The aircraft electric motor market has a direct symbiotic relationship with the aviation industry, encompassing airlines, manufacture of aircraft, research organizations, military aviation, and more. Rapid growth in the use of electric aircraft is a testament to the significant shift within the industry and the potential impact on the aircraft electric motor market. The expectations of commercial electric flights becoming the norm are now a reality, driving the need for aircraft electric motors. The Air Transport Action Group, a Switzerland-based collective focusing on sustainable development issues, expects air travel demand to increase by an average of 3% annually. By 2038, the aviation sector would support 13.7 million direct jobs and contribute $1.7 trillion to global GDP. Hence, the ever-expanding aviation industry will undoubtedly fuel the aircraft electric motor market's growth.
How Is The Aircraft Electric Motor Market Segmented?
The aircraft electric motor market covered in this report is segmented –
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
Subsegments:
1) By AC Motor: Synchronous AC Motors, Asynchronous AC Motors (Induction Motors), Permanent Magnet AC Motors, Brushless AC Motors
2) By DC Motor: Brushed DC Motors, Brushless DC Motors, Stepper Motors, Servo Motors
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What Are the Market Trends Shaping theAircraft Electric Motor Industry?
Technological advancement is the key trend gaining popularity in the aircraft electric motor market. Major companies operating in the aircraft electric motor market are focused on developing technologically advanced products to strengthen their market position. For instance, in July 2022, Collins Aerospace, a US-based supplier of aerospace and defense products developed the first functional prototype of its 500-kilowatt electric motor that is appropriate for the Airlander 10 aircraft. Hybrid-electric operation for Airlander 10 is expected to start in 2026, followed by an all-electric, zero-emission operation in 2030. In order to do this, Collins' 500-kilowatt electric motors will be installed in place of the aircraft's four fuel-burning engines, starting with the two forward engines in 2026 and the two rear engines in 2030.
Who are the Key Players in the Aircraft Electric Motor Market?
Major companies operating in the aircraft electric motor 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
What Are the Regional Insights into the Aircraft Electric Motor Market?
North America was the largest region in the aircraft electric motor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aircraft electric motor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
