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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.
High-throughput Satellite Market by Type (Payload, Structure, Power System, Attitude Control System, Propulsion System), Application (Broadband, Mobility, Enterprise, Government, Cellular Backhaul, Broadcast), and Region 2023-2028
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