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Electric Motors Market for Aircraft Propulsion System is Forecast to Reach US$ 145.3 Million in 2028, Says Stratview Research
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The electric motors market for aircraft propulsion system is segmented based on , product type, motor type, torque type, power type, specific power density type, end-user type, and
The electric motors market for aircraft propulsion systems is classified as commercial aircraft, regional aircraft, general aviation, unmanned aerial vehicles, and advanced air mobility. Among all the aircraft types, This is majorly owing to an increase in the demand for eVTOLS across regions. In addition, there have been multiple pre-orders of such aircraft, which is projected to propel the market growth in the coming years.
The market is segmented into AC motors and DC motors. Between product types, during the forecast period. With the use of these motors, there has been a substantial increase in the use of simple and lightweight electric aircraft models. Depending on the application's load, different DC motors have different torque and speeds, which is driving the market for DC motors.
The market is bifurcated into induction motors and permanent magnet motors. Between motor types, These motors have a higher torque density and are less fault-tolerant by nature
The market is segmented into 50-200NM and >200NM. This growth can be attributed to large or heavy applications by providing high torque at a slower speed.
The market is segmented into 10-200KW and >200KW. The majority of the motors used in UAVs, AAMs, and general aviation aircraft will be in this power range.
The market is segmented into OE and aftermarket. Between these end-user types, The growth of the segment is driven by a series of upcoming electric aircraft programs, especially at the advanced air mobility level.
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The report suggests that during the forecast period.
This growth is majorly attributed to the following –
Some of the key drivers listed in the report are given below.
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High market consolidation as major players has a vast product portfolio, excellent product development capability, wide geographical reach, an excellent distribution network, and long-term customer relationships. The players hold distinct capabilities in manufacturing electric motors using a multitude of power ranges. They have been increasing their R&D investments to cope with the high demand from aerospace platforms. The following are the key players in the electric motors market for aircraft propulsion systems:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. The reliability and insightfulness of the reports enable the readers to take convincing business decisions.
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