Aviation High Speed Motor Market Forecasts to 2028 – Global Analysis By Type (Alternating Current (AC) Motor, Direct Current (DC) Motor), Platform, Application and By Geography
According to Stratistics MRC, the Global Aviation High Speed Motor Market is accounted for $2.14 billion in 2020 and is expected to reach $3.74 billion by 2028 growing at a CAGR of 7.2% during the forecast period. Increasing deployment of unmanned aerial vehicles (UAV) for military operations and rising procurement of new aircrafts are the major factors propelling the market growth. However, fluctuating raw material price is hampering the market growth.
Speed of a motor is the magnitude of the rotational velocity of the motor shaft. In a motion application in aviation, speed of the motor dictates how fast the axis rotates and the number of complete revolutions per unit time. Therefore, high speed motors such as light-weight and high power density are strongly required for electric turbo blowers used in aircraft. A balance must be achieved between speed and torque, as motors typically generate less torque when run at higher speeds.
Based on application, the propulsion system segment is going to have a lucrative growth during the forecast period owing to its increasing demand in various power generating applications in an aircraft, such as AC generators, auxiliary power units (APU), ram air turbine pumps, and others. The growth of the segment is attributed to the growing number of commercial aircraft deliveries. This segment is also predicted to be the fastest-growing segment as well, owing to the increasing use of electric motors as engines in electric aircraft and UAVs.
By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rising investments in the aviation sector by countries such as India, China, Japan, and others. The increasing procurement of new aircraft to expand fleets to meet the growing air passenger traffic is expected to drive the growth of the regional market.
Some of the key players profiled in the Aviation High Speed Motor Market include Allied Motion Technologies, ARC Systems Inc, EMRAX d.o.o, H3X Technologies Inc, MagniX, Meggitt PLC, MGM COMPRO, NEMA Ltd, Pipistrel, Safran Electrical & Power, Siemens, Windings Inc, and Xoar International LLC.
Estimated Market Size in 2020:
USD 2.14 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 3.74 billion
Tables, Graphs& Figures
Type, Platform, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Alternating Current (AC) Motor
• Direct Current (DC) Motor
• Business Aircraft
• Commercial Aircraft
• Electric Aircraft
• General Aviation Aircraft
• Unmanned Aerial Vehicles
• Flight Control
• Fuel Management System
• Propulsion System
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Aviation High Speed Motor Market is majorly driven by development of electrically powered airplanes and increasing procurement of new aircrafts.
The propulsion system segment is growing at a highest CAGR owing to growing number of commercial aircraft deliveries and increasing use of electric motors as engines in electric aircrafts.
Asia Pacific dominated with a significant market share due to the factors such as increasing procurement of new aircraft to expand fleets to meet the growing air passenger traffic and rising investments in the aviation sector across the region
North America market is growing at a highest CAGR owing to the robust presence of large aircraft manufacturers, such as The Boeing Company and Bombardier in the region.
Key players in Aviation High Speed Motor Market include Allied Motion Technologies, ARC Systems Inc, EMRAX d.o.o, H3X Technologies Inc, MagniX, Meggitt PLC, MGM COMPRO, NEMA Ltd, Pipistrel, Safran Electrical & Power, Siemens, Windings Inc, and Xoar International LLC.
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