USD 2.69 billion
Aviation High Speed Motor Market Size, Share, Growth Analysis, By Type(AC Motor, DC Motor), By Application(Propulsion System, Flight Control System), By End Use(Commercial Aviation, General Aviation) - Industry Forecast 2024-2031
Report ID:
SQMIG20A2256 |
Region:
Global |
Published Date: April, 2024
Pages:
201
|
Tables:
90 |
Figures:
70
Aviation High Speed Motor Market Insights
Global Aviation High Speed Motor Market size was valued at USD 2.69 billion in 2022 and is poised to grow from USD 2.84 billion in 2023 to USD 4.4 billion by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).
High speed motors designed specifically for aviation applications are known as aviation high speed motors. Growing emphasis on improving aircraft performance and speed in commercial and military aviation is projected to boost sales of aviation high speed motors over the coming years. Advancements in motor technologies and the growing use of electric propulsion aircraft are also estimated to benefit aviation high speed motor market development going forward. High emphasis on sustainability and growing efforts of the aviation industry to reduce emissions are also estimated to act in favor of aviation high speed motor companies. Rising sales of electric and hybrid aircraft are also estimated to create new opportunities for aviation high speed motor market players in the future. Growing sales of UAVs (unmanned aerial vehicles) and the development of new propulsion systems are also slated to augment the demand for aviation high speed motors in the long run. However, regulatory compliance issues and complexity in installation and use are slated to slow down aviation high speed motor market growth prospects through 2031.
Market snapshot - (2024-2031)
Global Market Size
Largest Segment
AC Motor
Fastest Growth
DC Motor
Growth Rate
5.6% CAGR
Global Aviation High Speed Motor Market ($ Bn)
Country Share for North America Region (%)
Global Aviation High Speed Motor Market By Type ($ Bn)
Global Aviation High Speed Motor Market By Type (%)
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Aviation High Speed Motor Market Segmental Analysis
The global aviation high speed motor market is segmented based on application, type, end use, and region. In terms of application, the market is segmented into propulsion system, flight control system, fuel management system, and others. In terms of type, the market is bifurcated into AC motor and DC motor. Based on end use, the market is divided into f commercial aviation, general aviation, and others. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Type
AC motors are forecasted to account for a dominant stance in the global aviation high speed motor market. High use of AC motors in different aircraft components such as compressors and pumps are what allows this segment to hold sway over other types of motors.
Meanwhile, the demand for DC motors is predicted to increase at a rapid pace across the forecast period. The growing popularity of electric and hybrid propulsion aircraft around the world is a major contributor to the rising demand for DC motors going forward. Increasing electrification of the aviation industry is estimated to boost market growth via this segment in the future.
Analysis by End Use
Commercial aviation is estimated to dominate the global aviation high speed motor demand outlook in the future. The growing number of air travelers and the increasing number of commercial flights around the world are helping this segment hold a high market share. Expansion of air fleet by acquisition of new aircraft by airlines around the world is also bolstering the high market share of commercial aviation.
Demand for aviation high speed motors in general aviation applications is forecasted to increase at a robust pace over the coming years. Replacement of fuel-powered and hydraulic components by electric components will benefit the demand for aviation high speed motor in general aviation going forward.
Global Aviation High Speed Motor Market By Type, 2022 (%)
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Aviation High Speed Motor Market Regional Insights
North America is estimated to hold a prominent chunk of the global aviation high speed motor demand outlook. This region’s dominance can be ascribed to the presence of key aerospace manufacturers, high demand for UAVs in the military, and rapid adoption of advanced aviation technologies. The United States is slated to spearhead the sales of aviation high speed motors in the long run owing to high military expenditure and a growing number of aircraft in the country. Canada is another significant market for aviation high speed motor suppliers in this region.
Europe is slated to emerge as the fastest-growing market for aviation high speed motor companies in the world owing to surging demand for electric aircraft in this region. Imposition of stringent mandates on aviation industry to reduce its carbon footprint and growing awareness regarding benefits of electric aircraft are contributing to the rising sales of aviation high speed motor in this region. The United Kingdom, Germany, Sweden, and Norway are slated to be highly lucrative markets for aviation high speed motor companies operating in Europe.
Global Aviation High Speed Motor Market By Region, (2024-2031)
- Largest
- Fastest
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Aviation High Speed Motor Market Dynamics
Drivers
Adoption of Electric Aircraft
- Growing efforts reduce the carbon footprint of the aviation industry have led to quick adoption of hybrid and electric aircraft around the world. These aircraft use motors as their primary propulsion systems as they are powered by electricity through batteries or fuel cells.
Emphasis on Improved Aircraft Performance
- Aircraft manufacturers are continually focusing on improving the efficiency and fuel economy of their products to comply with modern sustainability mandates and maximize their profits. Deployment of aviation high speed motors could help reduce fuel consumption and even improve aircraft performance without significant tradeoffs.
Restraints
Complex Development and Deployment
- Developing a high speed motor for aviation applications can be challenging as there are many factors to take in consideration such as weight, power, energy requirements, energy density, etc. This is why aviation high speed motors are highly complex and expensive, which hurts market growth.
Regulatory Compliance Issues
- Growing incidence of aircraft accidents has pushed regulatory authorities to impose strict regulatory compliance and certification standards for aircraft component manufacturers and aircraft manufacturers as well. Ensuring compliance with these different norms could slow down aviation high speed motor market development in the future.
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Aviation High Speed Motor Market Competitive Landscape
Aviation high speed motor providers should ride the sustainability wave and collaborate with electric aircraft manufacturers to improve their sales and revenue generation potential in the future. Companies can also invest in the R&D of novel motors that are efficient yet powerful. Aviation high speed motor market players can also focus on creating motors that can be retrofitted to old aircrafts as retrofitting of old aircraft opens up loads of money-making opportunities.
Top Player’s Company Profiles
- Safran Electrical & Power
- NEMA Ltd.
- ARC Systems Inc.
- Pipistrel
- Siemens
- Meggitt PLC
- EMRAX d.o.o.
- GE Aerospace
- MagniX
- MGM COMPRO
- Windings Inc.
- Allied Motion Technologies
- H3X Technologies Inc.
- Xoar International LLCARC Systems Inc.
Recent Developments
- In April 2024, Harbour Air, a Canadian provider and operator of seaplanes, revealed its plans to buy 50 propulsion systems from renowned aviation high speed motor supplier called MagniX. Harbour intends to use these propulsion systems in its all-electric fleet.
- In November 2023, Saxonair, a Norfolk aviation firm, announced the launch of its new all-electric aircraft, which is also the world’s first certified electric aircraft. The aircraft is powered by a 57.6kw electric motor.
- In March 2023, Kit Magnetics, an aerospace start-up based in Australia, announced the launch of its new lightweight motor for electric aircraft. The 120-kW motor was launched at the Avalon Air Show event held in Victoria, Australia.
Aviation High Speed Motor Key Market Trends
Growing Use of Electric Propulsion: Aviation high speed motor providers can target the growing use of electric propulsion systems in hybrid and electric aircraft. Companies can focus on the development of specialized aviation high speed motors for different aerospace applications to maximize their revenue generation in the future.
Aviation High Speed Motor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, rapidly expanding commercial aviation sector and growing emphasis on improving aircraft efficiency are key factors promoting the demand for aviation high speed motors over the coming years. On the contrary, stringent regulations imposed by regulatory bodies and governments on aircraft components are estimated to hamper market growth going forward. Presence of key aerospace companies is contributing to North America’s dominance in the global aviation high speed motor market. High adoption of electric propulsion systems and growing use of electric aircraft and hybrid aircraft are slated to create new opportunities for aviation high speed motor providers.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.69 billion |
| Market size value in 2031 | USD 4.4 billion |
| Growth Rate | 5.6% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aviation High Speed Motor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aviation High Speed Motor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aviation High Speed Motor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aviation High Speed Motor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aviation High Speed Motor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aviation High Speed Motor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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