Aircraft Electric Motor Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 3.8 Billion by 2033 at a CAGR of 14.5% from 2026 to 2033.
The global Aircraft Electric Motor Market was valued at USD 1.4 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.1% from 2023 to 2030. The market’s expansion is driven by the increasing demand for lightweight, fuel-efficient, and environmentally friendly propulsion systems in the aerospace sector. The growing adoption of electric propulsion technologies, particularly in urban air mobility (UAM) and regional aircraft, is expected to propel the market forward. Furthermore, government initiatives and the rise of electric aircraft projects are expected to increase demand for advanced electric motors in aviation. By 2030, the market is estimated to reach USD 5.6 billion, signaling robust growth in the sector.
Regionally, North America is the dominant market, accounting for over 40% of the global share in 2022, with the U.S. playing a significant role in the development of electric aircraft technologies. Europe follows closely, with a strong presence of key players in the electric motor and aviation sectors. The Asia-Pacific region is expected to experience the highest growth during the forecast period, primarily due to the increasing adoption of electric aircraft in China, Japan, and India, as well as rapid advancements in electric motor technology. Latin America and the Middle East also present lucrative growth opportunities as governments and private enterprises invest in sustainable aviation solutions. This diverse regional landscape underscores the growing importance of electric motor integration across all segments of the aviation industry.
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Altra Industrial Motion Corporation
Moog Inc.
Woodward Inc.
Meggitt PLC
Rolls Royce PLC
Allied Motion
Inc.
Ametek
Inc.
Arc Systems Inc.
Magneto Aero Dynamics
MagniX
H3X Technologies Inc.
Emrax D.O.O.
Pipistrel D.O.O.
Windings Inc.
Xoar International LLC
Yasa Ltd.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Aircraft Electric Motor Market
Commercial Aviation
Military Aviation
Unmanned Aerial Vehicles (UAVs)
General Aviation
Regional Jets
Brushless DC Motors
Switched Reluctance Motors
Permanent Magnet Synchronous Motors
Induction Motors
Hybrid Motors
Below 50 kW
50 kW - 100 kW
100 kW - 500 kW
Above 500 kW
E-Motor
Motor Controller
Cooling System
Power Electronics
Battery Systems
OEMs (Original Equipment Manufacturers)
MROs (Maintenance, Repair, and Overhaul)
Airline Operators
Aerospace Engineering Companies
Research and Development Facilities
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Aircraft Electric Motor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Aircraft Electric Motor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Aircraft Electric Motor Market, By Type
6. Global Aircraft Electric Motor Market, By Application
7. Global Aircraft Electric Motor Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Aircraft Electric Motor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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