The Aviation High-Speed Motor Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aviation High-Speed Motor Global Market Report 2024, The aviation high-speed motor market size has grown strongly in recent years. It will grow from $2.68 billion in 2023 to $2.86 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased crop yields, expansion of arable land, labor savings, optimization of fertilizer application, addressing topographical challenges, addressing topographical challenges..
The aviation high-speed motor market size is expected to see strong growth in the next few years. It will grow to $3.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to climate change impacts, water scarcity concerns, global population growth, government regulations on water usage, renewable energy integration. Major trends in the forecast period include drip irrigation integration, data analytics for decision support, remote monitoring and control, integration of iot and sensors, customization for different crops..
Increased procurement of new aircraft is expected to drive the growth of the aviation high-speed motor market. Aircraft refers to any vehicle that is designed to fly through the air, either by using a static lift or dynamic lift of an airfoil or by direct downward thrust from its engines. This includes airplanes, helicopters, airships, gliders, paramotors, and hot air balloons. Aviation high-speed motors are used in various flight applications such as propulsion, flight control, and transmission. For instance, in March 2023. Airbus, a France-based aviation and aerospace component manufacturer, published that they got about 99 aircraft orders in February and delivered about 66 crafts to 42 clients. Also, it is anticipated that there will be a requirement for 2,440 freighter planes in the coming two decades, out of which approximately 900 will be newly constructed. Therefore, the increased procurement of new aircraft is driving the aviation high-speed motor market.
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The aviation high-speed motor market covered in this report is segmented –
1) By Type: Direct Current (DC) Motor, Alternating Current (AC) Motor
2) By Application: Flight Control, Propulsion System, Fuel Management System, Other Applications
3) By End-Use: Commercial Aviation, General Aviation, Other End-Uses
Top Major Players:
Xoar International LLC
Emrax d.o.o.
Windings Inc.
ARC Systems Inc.
Hill Flight Support LLC
North America was the largest region in the aviation high-speed motor market in 2023.
Product innovation is a key trend gaining popularity in the aviation high-speed motor market. Major companies operating in the aviation high-speed motor market are focused on developing product innovation to strengthen their position and gain a competitive advantage. For instance, in March 2023, Kite Magnetics, an Australia-based aviation electric motor startup, launched its first aircraft electric motor named KM-120. It is a 120-kW electric propulsion unit designed to replace the piston engines in 2-4-seat light aircraft.
The aviation high-speed motor market report table of contents includes:
1. Executive Summary
2. Aviation High-Speed Motor Market Characteristics
3. Aviation High-Speed Motor Market Trends And Strategies
4. Aviation High-Speed Motor Market – Macro Economic Scenario
5. Global Aviation High-Speed Motor Market Size and Growth
……
31. Global Aviation High-Speed Motor Market Competitive Benchmarking
32. Global Aviation High-Speed Motor Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Aviation High-Speed Motor Market
34.Aviation High-Speed Motor Market Future Outlook and Potential Analysis
35. Appendix
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