Electric Motors Market for Aircraft Propulsion Systems: Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
Electric Motors Market for Aircraft Propulsion Systems Is Segmented by Aircraft Type (Commercial Aircraft, Regional Aircraft, General Aviation, Unmanned Aerial Vehicle, and Advanced Air Mobility), by Product Type (AC Motor and DC Motor), by Motor Type (Induction Motor and Permanent Magnet Motor), by Torque Type (50-200NM and >200NM), by Power Type (10-200KW and >200KW), by Specific Power Density Type (2-5 kW/kg, 5-8 kW/kg, and >8 kW/kg), by End-User Type (OE and Aftermarket), and by Region (North America [The USA and Rest of North America], Europe [Germany, France, The UK, and Rest of Europe], Asia-Pacific [China, Japan, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
What is an Electric motors market for aircraft propulsion systems?
Electric motors are more efficient at converting electricity into propulsive power. Fuel cells, solar cells, ultra-capacitors, power beaming, or batteries provide the electricity needed to operate the aircraft's electric motors. Electrical propulsion systems are designed to significantly reduce fuel use, which lowers emissions by using electric motors.
Market Dynamics
It is anticipated that there will be further development in the market competition with the rise in the demand for electric motors for propulsion systems. This is owing to several benefits of electric motors over the ICE engines, such as lighter weight, lesser noise, compactness, mechanically simple, provision of higher efficiency, and lower energy cost. Overall, the electric motors market for aircraft propulsion systems is likely to grow at a significant CAGR of 96.0%, in the long run, to reach US$ 145.3 million in 2028.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Electric motors market for aircraft propulsion systems market analysis report discusses the following heads in details:
· Market structure: Overview, industry life cycle analysis, supply chain analysis.
· COVID-19 Impact Assessment.
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
· Market trend and forecast analysis.
· Market segment trend and forecast.
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities.
· Emerging trends.
· Strategic growth opportunities for the existing and new players
· Key success factors.
Regional Analysis
In terms of regions, Europe is expected to remain the largest demand generator for the electric motors market for aircraft propulsion systems during the forecast period. This region is home to Pipistrel d.o.o., which is one of the leading electric aircraft OEMs. Also, the presence of key electric motor manufacturers, such as Safran, Rolls-Royce plc, and MGM COMPRO, is driving the growth of the regional market.
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