The new report by Expert Market Research titled, ‘Global Aviation High Speed Motor Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global aviation high speed motor market, assessing the market based on its segments such as types, platforms, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
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Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.5%
The aviation industry’s quest for cleaner modes of transportation with greater environmental performance is projected to drive the market. With the surge in demand for electric aircraft and unmanned aerial vehicles, the use of high-speed electric motors to propel aircraft is projected to expand (UAVs). The growing need for low-carbon aircraft engines has prompted aviation engine manufacturers to create and develop electric engines, which is expected to propel the market forward. Other major factors driving the growth of the aviation high speed motor market include increased procurement of new aircraft high speed motors to meet the rising demand for air travel, development of electric motors for commercial electric aircraft, and increased use of Unmanned Aerial Vehicles (UAVs) for military applications.
Industry Definition and Major Segments
The high-speed motor in an aircraft is utilised for a variety of flying purposes, including propulsion, flight control, transmission, and more. When compared to medium speed motors, these motors have a higher power density and lower power voltage. They are employed in aircraft systems.
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By type, the market is segmented into:
• Direct Current (DC) Motor
• Alternating Current (AC) Motor
Based on platform, the market is divided into:
• Electric Aircraft
• Commercial aircraft
• Business Aircraft
• General Aviation aircraft
By application, the market is classified into:
• Flight Control
• Propulsion System
• Fuel Management System
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The increase in demand for Unmanned Aerial Vehicles (UAVs) & electric Vertical Takeoff and Landing (eVTOL) aircraft in the commercial aviation industry and the development of electrically powered aeroplanes are the major drivers of the aviation high speed motor market growth. The robust presence of large aircraft manufacturers, such as The Boeing Company and Bombardier, are driving the market growth. Various companies have been making enormous investments in developing next-generation aircraft engines. Aviation high-speed motor systems are expected to play a central role in providing the necessary propulsion power to these electric-based aeroplanes due to their reliability and ability to work in conjunction with electrical units, thereby propelling the market growth.
Key Market Players
The major players in the market are Xoar International LLC, EMRAX d.o.o., Windings, Inc., Meggitt PLC, H3X Technologies Inc., and MGM COMPRO, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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