The latest report by IMARC, titled “Aviation High Speed Motor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global aviation high speed motor market is expanding at a CAGR of 6.26% during the forecast period (2022-2027). Aviation high speed motors refer to devices used for numerous flight applications, including flight control, propulsion and transmission of an aircraft. They have less power voltage and high power density compared to medium-speed motors. In recent years, aviation high speed motors have gained traction due to the increasing popularity of air transport as it is convenient, reliable, and the fastest means of transportation.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of the associated industries. These observations will be integrated into the report.
Global Aviation High Speed Motor Market:
One of the primary factors driving the market is the expanding aviation industry. In addition, the increasing number of air passengers due to a significant rise in economic carriers and extensive investments in airport infrastructure represent other major growth-inducing factors. Besides this, as air transport is used to carry out rescue operations during calamities, including earthquakes, floods, and famines, there has been an increasing need for aviation high speed motors. Along with this, these motors are employed for powering unmanned aerial vehicles (UAVs) used by armed forces for military operations. Other than this, the increasing acquisition of new aircraft to cater to the rising demand for air travel is escalating the demand for high speed aviation motors. Furthermore, the advancements in energy storage systems, electrical motors, and power electronics converters (PEC) are catalyzing the market growth. Moreover, the development of electric airplanes has surged the product demand as electric motors used in these airplanes do not produce any emissions during their operations and require much less maintenance than combustion engines.
- Based on the type, the market has been bifurcated into AC and DC motor.
- On the basis of the application, the market has been divided into propulsion, flight control, fuel management, and other systems.
- Based on the end use, the market has been segregated into commercial aviation, general aviation, and others.
- Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Mexico, Brazil, and others), and Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some of the key players being Allied Motion Technologies Inc., ARC Systems Inc., EMRAX d.o.o, H3x Technologies, MagniX, Meggitt PLC, NEMA Ltd., Pipstrel d.o.o, Safran S.A., Siemens AG, and Windings Inc.
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