Global Aircraft Electric Motors Market Based on Product Types (AC Motor, DC Motor), Based on Application (Propulsion Systems, Flight Control Systems, Engine Control Systems, Avionics Systems, Landing and Braking Systems, Other Applications) and By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021–2031

An electric aircraft is a type of aircraft that is powered by electric-driven motors. The electricity used by these aircraft are often supplied by various methods, such as ground power cables, batteries, solar cells, power beaming, ultra-capacitors, and fuel cells, among other sources. Previously, batteries were bulky and cumbersome to use; but, with the gradual strides in technology, lighter, rechargeable batteries are becoming a more popular option.

Electric airplanes provide a number of advantages, including increased safety owing to a lower likelihood of mechanical failures, better and enhanced agility, as well as a lower risk of fire and explosions, to name a few. It also contributes to environmental protection by eliminating the need for fossil fuels to power its aircraft’s engines.

Key Market Segmentation:

Product Types:

• AC Motor
• DC Motor

Application:

• Propulsion Systems
• Flight Control Systems
• Engine Control Systems
• Avionics Systems
• Landing and Braking Systems
• Other Applications

Region:

• North America
• Europe
• APAC
• South America
• Middle East & Africa

Drivers for the Global Aircraft Electric Motors Market

The aviation industry is leaning towards the approach of More Electric Aircraft (MEA), driven by the desire to improve aircraft performance, decrease operating and maintenance costs, boost dispatch dependability, and to lower fuel consumption and subsequent gas emissions. This idea encourages the use of electrical motors and other electrical systems in airplanes for a variety of purposes, rather than conventional hydraulic and pneumatic systems. Wattage is used in non-propulsion systems of aircraft, such as flight control, wing-ice protection, and fuel pumping systems, among others.

Electric motors are used in the Boeing 787’s environmental protection systems, electrical braking systems, ice protection systems, as well as in the Airbus A380 and F-35’s control systems. With the adoption of electrical motors in aircraft rapidly gaining popularity, through the step-by-step adoption of electrically powered equipment in additional aircraft systems, the further expansion of the aircraft electric motors market is imminent.

Opportunities for the Global Aircraft Electric Motors Market

The market for aircraft electric motors is projected to grow exponentially as these new, advanced, and autonomous alternative modes of transportation are steadily being adopted by respective nations around the world. Air taxis, air ambulances, personal aerial vehicles, and other urban air transportation platforms exist because each of these urban platforms serves a distinct role. As such,  they are expected to be designed and built differently. One of the main goals of this approach is to make intracity transit more convenient in order to relieve the strain on existing urban mobility options. Factors such as these are anticipate the boost revenue growth prospects of the global aircraft electric motor market in the foreseeable future.

Restraints for the Global Aircraft Electric Motors Market

Demonstrating operational efficiency and the inability of these electric aircraft to travel long distances are expected to be primary difficulties that aircraft operators are expected to encounter. Market demand for electric aircraft is inseparably linked to passenger demand; hence, customer’s willingness to pay to fly in an electric aircraft, must first of all, be economically viable. There are several key challenges that must be overcome in order for this to become a successful realization, i.e., economic and operational feasibility, public acceptance, as well as greater aircraft safety.

There have always been rigorous rules in place to ensure the safety of airplane passengers, and this is even more crucial when it comes to electric aircraft, which are still a relatively new concept. Several start-ups, as well as big corporations such as Airbus, Boeing, etc., have entered the market for urban air taxis, and it is fair to say that they have accepted the risk of flying such innovative electrically-driven aircraft even before they were commercially available. As a result, convincing passengers, governments, and regulators of the safety of these types of electric aircraft, is expected to be a major hindrance for various manufacturers involved.

Trends for the Global Aircraft Electric Motors Market

Owing to the various advancements of electric propulsion systems, as well as the introduction of battery-powered electric propulsion systems in the aerospace sector, the global electric aircraft market is anticipated to maintain a stable rate of revenue growth over the forecast period. Small electric aircraft often feature an electric starting system that includes an electric motor, a battery, wiring, switches, and solenoids to power the starter. Lubrication and scavenge pumps for oil lubrication applications, as well as the use of fuel or coolant systems, are also new trends that are expected to further complement the usage of electric motors in airplanes.

Competitive Landscape:

• Moog Inc.
• Meggitt PLC
• Altra Industrial Motion Corporation
• Woodward, Inc.
• Rolls-Royce PLC
• Siemens
• Magnix
• Yuneec
• Safran

Recent Developments Among Key Market Players:

1. Meggitt PLC secured a 3-year SMARTSupport aftermarket contract from Sichuan Services Aero-Engine Maintenance Company (SSAMC) to supply components for the CFM56 engine.
2. Altra Industrial Motion Corporation formed a strategic partnership with factory intelligence and software specialist MTEK (Alfta, Sweden). Altra’s acquisition of leading motion control companies Kollmorgen, Thomson, and Portescap, and their alliance with MTEK supports Altra’s ongoing commitment to continue moving-up the technology spectrum, offering more advanced solutions to its customers.

For the Aircraft Electric Motors Market research study, the following years have been considered to estimate the market size: