Aircraft Electric Motors Market

Market Leader - Aircraft Electric Motors Market

The global aircraft electric motors market 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 increase in aircraft renewals and rise in development of UAVs and hybrid VTOLs.

Moog Inc. (US), Meggitt PLC (UK), Altra Industrial Motion Corporation (US), Woodward, Inc. (US), and Rolls-Royce PLC (UK), among others, are some of the leading players operating in the aircraft electric motors market. These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, partnerships, agreements, acquisitions, and research & development (R&D) activities further to expand their presence in the aircraft electric motors market.

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Moog Inc. was ranked first in the aircraft electric motors market in 2020. This is one of the leading companies that develops and manufactures electric motors for aircraft used in commercial and military applications. Moog Inc. is a worldwide designer, manufacturer, and systems integrator of high-performance precision motion and fluid controls and controls systems for a broad range of applications in the aerospace & defense and industrial markets.

Meggitt PLC was ranked second in the aircraft electric motors market. It is one of the key players and has a significant customer base in the aircraft electric motors market consisting of global aircraft manufacturers. The company provides various products and solutions for fire control solutions, safety solutions, power & motion, fuel systems, avionics & sensors, and other related products for about 51,000 civil aircraft and 22,000 defense aircraft.

Altra Industrial Motion Corporation was ranked third in the aircraft electric motors market in 2020. The company has a wide product portfolio catering to various applications in commercial, military, business, and general aviation. Its products include precision motors, miniature motors, linear systems, and engine braking systems. Under this segment, the brands Kollmorgen and Portescap deal in the designing and manufacturing of electric motors.

Related Reports:

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

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Report Code
AS 7915
RI Published ON
6/7/2021
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