The market is expected to cross US$ 9.46 billion in 2022 and is projected to hit US$ 19.91 billion by 2030, recording a CAGR of 9.7% during the forecast period.
The Aircraft Electric Motor Market research report by Business Market Insights includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the Aircraft Electric Motor market growth.
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Companies Profiled in this report includes:
- Allied Motion Technologies Inc
- Moog Inc.
- Meggitt plc
- Altra Industrial Motion
- Woodward, Inc
The report offers in-depth assessment of the growth and other aspects of the Aircraft Electric Motor market in important regions. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, production, and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
In this report, the aircraft electric motor market has been segmented on the basis of:
- Type:
- AC Motor
- DC Motor
- Application:
- Propulsion System
- Flight Control System
- Engine Control System
- Avionics System
- Others
- Aircraft Type:
- Commercial Aircraft
- Military Aircraft
- General Aviation
- UAVs
- Power Capacity:
- Below 10 kW
- 10-200 kW
- Above 200 kW
- Region
- North America
- US
- Canada
- Mexico
- Europe
- Asia Pacific (APAC)
- Middle East & Africa
- South America
- North America
The development of electric aircraft models is one of the major factors likely to generate huge opportunities for market vendors during the forecast period. The vendors across the aircraft electric motors market are constantly focusing to enter the electric aircraft industry to cater to market demands and gain the early mover advantage in the growing electric aircraft industry. Several vendors have been collaborating with electric aircraft component manufacturers to provide them reliable solutions for the development of successful electric aircraft models. For instance, in May 2022, Lilium GmbH (a Germany based eVTOL aircraft manufacturer) collaborated with Honeywell International Inc. and Denso Corporation for the development of electric motors for Lilium’s seven-passenger eVTOL aircraft.
Commercial segment is likely to dominate the aircraft electric motor market in 2022. This is owing to the rising deliveries of commercial aircraft models across different regions which is propelled by increasing passenger traffic across different regions. Further, the expected deliveries of commercial aircraft acting as another major factor, likely to generate new market opportunities for market vendors during the forecast period.
Aircraft Electric Motor Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.
Major Key Points of Aircraft Electric Motor Market
- Aircraft Electric Motor Market Overview
- Aircraft Electric Motor Market Competition
- Aircraft Electric Motor Market, Revenue and Price Trend
- Aircraft Electric Motor Market Analysis by Application
- Company Profiles and Key Figures in Aircraft Electric Motor Market
- Market Dynamics
- Methodology and Data Source
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well-informed decision. Competitive landscape Aircraft Electric Motor market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.
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