Aircraft Electric Motors Market
Aircraft Electric Motors Market
The market for Aircraft Electric Motors was estimated at $10.26 billion in 2024; it is anticipated to increase to $18.3 billion by 2030, with projections indicating growth to around $29.6 billion by 2035.
Report Summary
Table of Contents
Methodology
Market Data
Global Aircraft Electric Motors Market Outlook
Revenue, 2024 (US$B)
$10.3B
Forecast, 2034 (US$B)
$26.9B
CAGR, 2024 - 2034
10.1%
The Aircraft Electric Motors industry revenue is expected to be around $11.3 billion in 2025 and expected to showcase growth with 10.1% CAGR between 2025 and 2034. </p><p>Electric motors for airplanes play a role in the aviation sector due to their small size and powerful performance relative, to weight and torque levels while maintaining low noise and high efficiency standards. They are revolutionizing how propulsion systems operate in aircraft and have the capacity to transform methods into more advanced ones. </p>
Market Key Insights
- The Aircraft Electric Motors market is projected to grow from $10.3 billion in 2024 to $26.9 billion in 2034. This represents a CAGR of 10.1%, reflecting rising demand across Electric Propulsion For Drones and UAVs, Electric Flight Control Systems and Taxiing and Ground Operations.
- Safran SA, Rolls-Royce Plc, Siemens AG are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Aircraft Electric Motors market and are expected to observe the growth CAGR of 7.4% to 10.6% between 2024 and 2030.
- Emerging markets including Brazil, India and United Arab Emirates are expected to observe highest growth with CAGR ranging between 9.7% to 12.6%.
- Transition like Shift towards Electric Propulsion is expected to add $2.3 billion to the Aircraft Electric Motors market growth by 2030
- The Aircraft Electric Motors market is set to add $16.6 billion between 2024 and 2034, with manufacturer targeting Military Aviation & Drone Application projected to gain a larger market share.
- With Transition towards green aviation, and Technological advancements in electric motors, Aircraft Electric Motors market to expand 162% between 2024 and 2034.
Opportunities in the Aircraft Electric Motors
The need for propellers in small airplanes is projected to increase substantially in the future as companies pour resources into creating compact and eco friendly electric motors suitable for small aircraft use. This trend is expected to create opportunities, for Aircraft Electric Motors industry growth notably in the light sports and ultralight aircraft sectors.
Growth Opportunities in North America and Europe
North America Outlook
North America stands out as a contender in the aircraft electric motors industry with intense competition among various well known manufacturers in the region. The increasing preference for fuel eco friendly aircraft is expected to have a substantial impact on market trends. Opportunities abound in enhancing aircraft models and, in the development of electric Vertical Takeoff and Landing aircraft.
Europe Outlook
Europe is keeping pace with North America in terms of aviation advancements and a strong airline network infrastructure that fosters innovation in aviation technology and drives growth in the aircraft electric motors market in the region The focus on reducing CO2 emissions and improving fuel efficiency presents an opportunity for market growth here Competition is intense due to the presence of numerous key players, in this sector
Market Dynamics and Supply Chain
01
Driver: Transition towards Green Aviation, and Emergence of Electric Vertical Take-Off and Landing Aircraft
The aviation industry is also seeing a rise in awareness regarding the effects of air travel on the environment leading to a shift towards eco friendly aviation practices. There is also an increasing demand, for quieter and more fuel efficient aircraft powered by motors. This eco conscious trend is also significantly boosting the Aircraft Electric Motors market. The swift rise of vertical take off and landing aircraft, for urban air transportation is also a key factor driving the growth of the Aircraft Electric Motors industry.<br>The continuous progress in aircraft electric motor technology is also enhancing their effectiveness and durability significantly by incorporating advancements like enhanced resilience and superior magnetic materials along with advancements in motor winding techniques. Additionally the creation of more compact motors, without sacrificing power output significantly expands their use across various aircraft applications thereby driving market growth.
02
Restraint: High Initial Investment and Maintenance Cost
The steep expenses linked to buying and setting up aircraft motors as well as their upkeep can pose a major obstacle to the markets expansion efforts. This challenge is especially pronounced for medium sized businesses that may lack the financial means needed for these investments. The combined with expenses create a significant financial burden, for numerous aircraft manufacturers. This economic factor acts as a barrier that could discourage new players from entering the market and impede the growth of the aircraft electric motors industry.
03
Opportunity: Green Taxonomies and Encouraging Regulations and Development of Hybrid Aircraft
Governments and regulatory authorities around the globe are implementing stringent emission regulations and offering incentives for environmentally friendly and sustainable practices to be followed by industries and businesses alike. As a result of these measures in place by governments manufacturers are increasingly interested in swapping out conventional aircraft engines with electric motors. The combination of these regulations and incentives creates a prospect for electric motor manufacturers, in the aircraft industry to expand their reach in the market.<br>Aviation companies are looking into electric propulsion systems to decrease emissions and noise pollution for medium to large scale commercial flights. Hybrid electric engines might serve as a link between electric and conventional fuel engines hence providing a greener and more effective alternative. This opportunity holds promise for motor manufacturers, in the aircraft industry.
04
Challenge: Technological Challenges
The use of motors in airplanes requires complex engineering and cutting edge technological innovations. Adapting electric motor technology for aircraft applications poses challenges related to scalability well as issues, with battery longevity and power efficiency.
Supply Chain Landscape
1
Raw Materials Procurement
ArcelorMittal
Rio Tinto Alcan
Alcoa Corp
2
Component Fabrication
Safran Electrical & Power
Zodiac Aerospace
Honeywell Aerospace
3
Assembly & Testing
Moog Inc
Siemens
Nidec Corporation
4
Distribution & After-Sales Services
Thales Group
General Electric Co
1
Raw Materials Procurement
ArcelorMittal
Rio Tinto Alcan
Alcoa Corp
2
Component Fabrication
Safran Electrical & Power
Zodiac Aerospace
Honeywell Aerospace
3
Assembly & Testing
Moog Inc
Siemens
Nidec Corporation
4
Distribution & After-Sales Services
Thales Group
General Electric Co
*The illustration highlights the key stakeholders within the supply chain ecosystem.
Applications of Aircraft Electric Motors in Propulsion For Drones & UAVs, Flight Control Systems & Taxiing & Ground Operations
Electric Propulsion For Drones and UAVs
Electric motors for aircraft play a role in powering Unmanned Aerial Vehicles and drones due to their efficiency in operation and quieter performance while being environmentally friendly as well noted by companies such, as Siemens and Magnix which are crafting bespoke highly effective electric motors tailored specifically for these purposes.
Taxiing and Ground Operations
A unique application of these engines is in the taxi and ground operations of airplanes Electric motors lead to a substantial decrease in fuel usage compared to conventional jet fuels as well as a reduction in CO₂ emissions. Offering an environmentally friendly solution Honeywell has a range of such engines available, with their 1HP series standing out for its exceptional performance
Electric Flight Control Systems
Electric motors play a role in electric flight control systems known as Fly by Wire by enabling precise positional control of different airframe control surfaces and offering increased accuracy and backup in case of malfunctions; Rolls Royce and GE Aviation are, at the forefront of supplying electric motors for such systems.
Recent Developments
December 2024
Siemens AG made an impact on the market for Aircraft Electric Motors by introducing its latest highly powerful and energy efficient electric motor tailored for use in aircraft. The goal is to promote sustainability, in the aviation industry.
October 2024
Raytheon Technologies Corporation has broadened its presence worldwide with the opening of a site focused on creating and producing cutting edge Aircraft Electric Motors.
August 2024
BAe Systems launched an AI driven predictive maintenance system, for electric aircraft motors. This cutting edge technology is expected to enhance cost effectiveness and operational efficiency.
Lately there have been progressions in the Aircraft Electric Motors market as a result of the growing emphasis on energy efficiency and eco friendliness in the aviation sector. Companies in the market are introducing technologies to create electric motors that are efficient and durable yet lightweight. This development is enabling the emergence of vertical takeoff and landing aircraft as well, as hybrid electric aircraft.
Impact of Industry Transitions on the Aircraft Electric Motors Market
As a core segment of the Pumps, Motors & Valves industry,
the Aircraft Electric Motors market develops in line with broader industry shifts.
Over recent years, transitions such as Shift towards Electric Propulsion and Digitalization and Smart Motor Systems have redefined priorities
across the Pumps, Motors & Valves sector,
influencing how the Aircraft Electric Motors market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Shift towards Electric Propulsion
The aircraft industry is experiencing a transformation as it moves towards using electric propulsion systems more extensively in aircraft electric motors market due to the growing need for eco friendly and fuel efficient technology solutions. The push for practices has led companies to heavily invest in the creation of electric motors and hybrid engines for aircraft with the goal of minimizing greenhouse gas emissions and reducing noise pollution typically associated with traditional engines. The introduction of these hybrid electric motors has the potential to reshape the competitive dynamics, within the aviation sector.
02
Digitalization and Smart Motor Systems
The market is undergoing changes due to the fast paced shift, towards digitalization and the advancement of intelligent motor systems.