North America Region Witnessing the Highest Growth in Aircraft Electric Motors Market by 2026

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North
America Region Witnessing the Highest
Growth in Aircraft Electric Motors Market by 2026
The report "Aircraft Electric Motors Market by
Type (AC motor, DC motor), Application,
Output Power, Torque, Power Density, End User,
Aircraft Type (Fixed Wing, Rotary Wing,
Unmanned Aerial Vehicles, Advanced Air Mobility),
and Region - Forecast to 2026", size is projected
to grow from USD 8.4 billion in 2021 to USD
12.1 billion by 2026, at a CAGR of 7.4 from 2021
to 2026. The market is driven by various
factors, such as as increase in aircraft
renewals and rise in development of UAVs and
hybrid VTOLs. Browse 586 market data Tables and
48 Figures spread through 354 Pages and in- depth
TOC on "Aircraft Electric Motors Market Global
Forecast to 2026" Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id3248447 The aircraft electric motors
market includes major players Moog Inc. (US),
Meggitt PLC (UK), Altra Industrial Motion
Corporation (US), Woodward, Inc. (US), and
Rolls-Royce PLC (UK). These players have spread
their business across various countries includes
North America, Europe, Asia Pacific, Middle East,
Africa, and Latin America. COVID- 19 has impacted
their businesses as well. Industry experts
believe that COVID-19 has affected aircraft
electric motors production and services by 710
globally in 2020. Demand for maximum efficiency
during engine operation will drive the demand for
engine control system segment The engine control
system segment is expected to be the largest
market by value. The growth of the engine control
system segment of the aircraft electric motors
market can be attributed to the increase in the
complexity of engines increasing with more
control signals and greater demand for
performance and functionality. In addition, small
electric aircraft usually have an electric
starting system during which an electrical motor
is employed along with a battery, which is the
source of electricity, wiring,
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switches, and solenoids to operate the starter.
Electric motors are also used to drive the
lubrication and scavenge pumps in aircraft for
oil lubrication and fuel or coolant systems. The
AC motor segment is projected to witness a higher
CAGR during the forecast period Based on type,
the AC motor segment is projected to be the
highest CAGR rate for the aircraft electric
motors market during the forecast period. The
growth of the AC motor segment of the aircraft
electric motors market can be attributed to the
applications with varied power requirements.
These are used in actuation systems in aircraft
fans and hydraulic pumps. The above 200 kW
segment is projected to witness a higher CAGR
during the forecast period Based on output power,
the above 200 kW segment is projected to be the
highest CAGR rate for the aircraft electric
motors market during the forecast period. This
growth can be attributed to their ideal usage
for the propulsion of mid-sized aircraft covering
short-range flights. These motors are well-suited
to power smaller aircraft as a standalone system
or as part of a distributed system on larger
aircraft like the Eviation Alice 9-passenger
aircraft. They typically have higher torque and
lesser RPM compared to smaller motors. The above
200 Nm segment is projected to witness a higher
CAGR during the forecast period Based on torque,
the above 200 Nm segment is projected to be the
highest CAGR rate for the aircraft electric
motors market during the forecast period. This
growth can be attributed to large or heavy
applications by providing high torque at a slower
speed. The above 10 kW/kg segment is projected to
witness a higher CAGR during the forecast
period Based on power density, the above 10 kW/kg
segment is projected to be the highest CAGR rate
for the aircraft electric motors market during
the forecast period. This growth can be
attributed to heavy aircraft applications like
propulsion. The Unmanned Aerial Vehicles segment
is projected to witness the highest CAGR during
the forecast period Based on the aircraft type,
the unmanned aerial vehicles segment is projected
to grow at the highest CAGR rate for the aircraft
electric motors market during the forecast
period. UAVs are commonly termed drones and are
mostly known for their wide usage in various
military missions such as border surveillance.
They are also used for mapping, surveying, and
determining weather conditions of a specific
area. Certain remotely piloted UAVs are designed
to operate as loitering munition for defense
forces.
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The OEM segment is projected to witness the
highest CAGR during the forecast period Based on
the end use, the OEM segment is projected to grow
at the highest CAGR rate for the aircraft
electric motors market during the forecast
period. OEMs are responsible for the
installation of electric motors in an aircraft
during the assembly stage and are then made
available for delivery to aircraft manufacturers.
Over the years, there has been a significant rise
in the demand for different aircraft types across
regions. According to Airbus, it delivered
863 commercial aircraft to 99 customers in
2019. The North America market is projected to
contribute the largest share from 2021 to
2026 North America is projected to be the largest
regional share of the aircraft electric motors
market during the forecast period. The key
factor responsible for North America, leading
the aircraft electric motors market owing to the
rapid growth of the technologically advanced
electric motors in the region. In North America,
the rise in aircraft orders and supplies is
encouraging manufacturers of aircraft electric
motors to increase their sales year on year. The
increasing demand for commercial aircraft and the
presence of some of the leading players operating
in the market, such as MagniX, H3X, Kollmorgen,
Windings Inc., Honeywell International, Inc, are
expected to drive the aircraft electric motors
market in North America. These players are
focusing on RD to increase their product lines
and using technologically advanced systems,
subsystems, and other components for
manufacturing aircraft electric motors. Ask for
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