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Aviation High Speed Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Report Format: PDF+Excel | Report ID: SR112023A5572
Market Overview:
The global aviation high speed motor market is expected to exhibit a CAGR of 6.26% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
An aviation high speed motor has a higher power density and lower power voltage as compared to its counterparts. It finds extensive applications in the propulsion, transmission, and flight control of an aircraft. At present, there is an increase in the reliance on air transport as it is convenient, reliable and acts as the fastest method of transportation. Besides this, air transport is also extensively utilized for carrying out rescue operations during natural calamities, such as earthquakes, floods, and famines. It also aids in increasing economic growth, creating jobs, and facilitating international trade and tourism. This, in turn, is positively influencing the requirement of aviation high speed motor across the globe.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Aviation High Speed Motor Market Trends:
There is currently a significant rise in the air passenger traffic around the world on account of the increasing low-cost carriers and a surge in airport infrastructure spending. This represents one of the key factors propelling the growth of the market. Moreover, aviation high speed motors are utilized for powering unmanned aerial vehicles (UAVs). These aerial vehicles are increasingly being deployed by armed forces for military operations as they can identify security and terrorism-related challenges and pinpoint vulnerable areas prone to numerous risks. This, coupled with recent advances in electrical motors, energy storage systems, and power electronics converters (PEC), is fueling the growth of the market. Besides this, concerns over emissions released from planes have resulted in the development of electric airplanes to enhance sustainability. The electric motors used in these airplanes do not produce any emissions during their operations and require much less maintenance than combustion engines. This, along with the thriving aviation industry, is projected to impel the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aviation high speed motor market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, application and end use.
Breakup by Type:
- AC Motor
- DC Motor
Breakup by Application:
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- Propulsion System
- Flight Control System
- Fuel Management System
- Others
Breakup by End Use:
- Commercial Aviation
- General Aviation
- Others
Breakup by Region:
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- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allied Motion Technologies Inc., ARC Systems Inc., EMRAX d.o.o., H3x Technologies Inc., MagniX, Meggitt PLC, NEMA Ltd., Pipistrel d.o.o, Safran S.A., Siemens AG and Windings Inc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Type, Application, End Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Allied Motion Technologies Inc., ARC Systems Inc., EMRAX d.o.o., H3x Technologies Inc., MagniX, Meggitt PLC, NEMA Ltd., Pipistrel d.o.o, Safran S.A., Siemens AG and Windings Inc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report
We expect the global aviation high speed motor market to exhibit a CAGR of 6.26% during 2022-2027.
The emergence of unmanned aerial vehicles (UAVs), coupled with the growing penetration of electric aircraft components that aid to reduce carbon emissions, is primarily driving the global aviation high speed motor market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary closure of numerous manufacturing units for aviation high speed motor devices.
Based on the type, the global aviation high speed motor market can be segmented into AC motor and DC motor. Currently, AC motor holds the majority of the total market share.
Based on the application, the global aviation high speed motor market has been divided into propulsion system, flight control system, fuel management system, and others. Among these, propulsion system currently exhibits a clear dominance in the market.
Based on the end use, the global aviation high speed motor market can be bifurcated into commercial aviation, general aviation, and others. Currently, the commercial aviation sector accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global aviation high speed motor market include Allied Motion Technologies Inc., ARC Systems Inc., EMRAX d.o.o., H3x Technologies Inc., MagniX, Meggitt PLC, NEMA Ltd., Pipistrel d.o.o, Safran S.A., Siemens AG, and Windings Inc.
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