Axial Flux Motor Market 2026-2035
Description
Axial Flux Motor Market Size, Share & Trends Analysis Report by Motor Type (Single-sided, and Double-sided) by Cooling Type (Air Cooled, and Liquid Cooled) by Application (Electric Vehicles, Aerospace and Drones, Wind Turbines, Industrial Automation and Robotics, Marine and Specialty Mobility, Others), Forecast Period (2026-2035)
Industry Overview
Axial flux motor market was valued at $0.9 billion in 2025 and is projected to reach $2.4 billion by 2035, growing at a CAGR of 9.3% during the forecast period (2026–2035). An axial flux motor is an electric motor where the magnetic flux is aligned parallel to the rotation axis, rather than radially. The market is expanding at a fast pace owing to the rising adoption of electric vehicles, strategic partnerships, technological advancements, and rising customization and modular designs. In October 2025, YASA launched a fully functional axial flux motor prototype that achieved a peak power of 750 kW with weighing only 28 pounds (12.7 kg), setting a power density record of 59 kW/kg. The continuous power output of the motor is rated between 350–400 kW. The design is scalable and does not rely on exotic materials, making it suitable for potential mass production.
Market Dynamics
Rising Adoption of Electric Vehicles
Axial flux motors are gaining increasing attention in the electric vehicle industry, driven by the growth in electric car sales. According to the International Energy Agency, Electric car sales topped 17 million globally in 2024, rising by more than 25%. China maintained its lead among major markets, with electric car sales exceeding 11 million. Earlier, axial flux motors were used in stationary applications such as elevators and agricultural machinery. However, many developers have been working to refine this technology, making it suitable for electric vehicles. Axial flux motors have high power density, compact design, and high torque-to-weight ratio, which offer superior energy efficiency and allow for innovative vehicle architectures.
Global Consumer Spending on Electric Cars (2020-2024)
Increasing demand for the Advanced Axial Flux Motor
The increasing demand for compact and high-torque electric motors is driving innovation in axial flux motor design. Various industries, including automotive, marine, defense, and heavy industrial manufacturers, are focusing on developing next-generation motors that offer superior performance, modularity, and cost efficiency. These technological advancements result in faster time-to-market, improved energy efficiency, and seamless integration into existing vehicle platforms. This makes axial flux motors a critical enabler of the global transition to electric mobility. For instance, in April 2025, Turntide Technologies announced a new advanced axial flux motor. The new AF430S was designed to meet the unique needs associated with the electrification of industrial equipment and performance vehicles.
Market Segmentation
Double-sided axial flux motor segment held the largest share of the global axial flux motor market, driven by its suitability for demanding electric mobility and industrial applications. These motors are used in Electric aircraft require advances in electric drivetrain efficiency, specific power, and reliability. It achieves superior efficiency and reduces energy losses. Its structure also enhances cooling capability that supports continuous high-load operation.
Regional Outlook
The global axial flux motor market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Europe Is Leading the Global Axial Flux Market
Europe is leading the axial flux market, driven by the region’s advanced automotive and aerospace industries. Axial flux motors are suitable across the aerospace sector, for rotorcraft applications such as eVTOLs, UAMs, Helicopters, as well as single or multi-propeller fixed-wing, general aviation aircraft. According to the International Trade Administration, the UK aerospace industry is the second largest in the world. Government initiatives, including the £250 million ($339 million) joint industrial investment for green aerospace technologies in June 2025, further emphasize Europe’s leadership in sustainable aviation. Moreover, European companies like YASA, Traxial BV, and Evolito Ltd. are innovators in this market. For instance, in May 2025, YASA opened the UK’s axial-flux motor super-factory in Yarnton, near Oxford.
Asia-Pacific Region is the Fastest-Growing Market for Axial Flux Motors
The Asia-Pacific Region is the fastest-growing market for axial flux motors, fueled by rising developments in China’s drone industry. Axial flux motors deliver additional torque for a given mass, assisting drones to achieve improved acceleration, upgraded maneuverability, and higher lift capacity. China's drone industry witnessed robust development over the past years, with unmanned aerial vehicles (UAVs) used in more areas of the economy. According to the Civil Aviation Administration of China (CAAC), there were nearly 1.27 million registered UAVs across the country at the end of 2023, up 32.2% year on year. Nearly 19,000 companies were engaged in the operation of drones, and 194,000 people held drone pilot certificates.
Market Players Outlook
The major companies operating in the global axial flux motor market include YASA Limited, Miba, Magnax BV, and EMRAX d.o.o.o, Phi-Power AG, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
Industry Overview
Axial flux motor market was valued at $0.9 billion in 2025 and is projected to reach $2.4 billion by 2035, growing at a CAGR of 9.3% during the forecast period (2026–2035). An axial flux motor is an electric motor where the magnetic flux is aligned parallel to the rotation axis, rather than radially. The market is expanding at a fast pace owing to the rising adoption of electric vehicles, strategic partnerships, technological advancements, and rising customization and modular designs. In October 2025, YASA launched a fully functional axial flux motor prototype that achieved a peak power of 750 kW with weighing only 28 pounds (12.7 kg), setting a power density record of 59 kW/kg. The continuous power output of the motor is rated between 350–400 kW. The design is scalable and does not rely on exotic materials, making it suitable for potential mass production.
Market Dynamics
Rising Adoption of Electric Vehicles
Axial flux motors are gaining increasing attention in the electric vehicle industry, driven by the growth in electric car sales. According to the International Energy Agency, Electric car sales topped 17 million globally in 2024, rising by more than 25%. China maintained its lead among major markets, with electric car sales exceeding 11 million. Earlier, axial flux motors were used in stationary applications such as elevators and agricultural machinery. However, many developers have been working to refine this technology, making it suitable for electric vehicles. Axial flux motors have high power density, compact design, and high torque-to-weight ratio, which offer superior energy efficiency and allow for innovative vehicle architectures.
Global Consumer Spending on Electric Cars (2020-2024)
Increasing demand for the Advanced Axial Flux Motor
The increasing demand for compact and high-torque electric motors is driving innovation in axial flux motor design. Various industries, including automotive, marine, defense, and heavy industrial manufacturers, are focusing on developing next-generation motors that offer superior performance, modularity, and cost efficiency. These technological advancements result in faster time-to-market, improved energy efficiency, and seamless integration into existing vehicle platforms. This makes axial flux motors a critical enabler of the global transition to electric mobility. For instance, in April 2025, Turntide Technologies announced a new advanced axial flux motor. The new AF430S was designed to meet the unique needs associated with the electrification of industrial equipment and performance vehicles.
Market Segmentation
- Based on the motor type, the market is segmented into single-sided and double-sided.
- Based on cooling type, the market is segmented into air-cooled and liquid-cooled.
- Based on the application, the market is segmented into electric vehicles, aerospace and drones, wind turbines, industrial automation and robotics, marine and specialty mobility, and others.
Double-sided axial flux motor segment held the largest share of the global axial flux motor market, driven by its suitability for demanding electric mobility and industrial applications. These motors are used in Electric aircraft require advances in electric drivetrain efficiency, specific power, and reliability. It achieves superior efficiency and reduces energy losses. Its structure also enhances cooling capability that supports continuous high-load operation.
Regional Outlook
The global axial flux motor market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Europe Is Leading the Global Axial Flux Market
Europe is leading the axial flux market, driven by the region’s advanced automotive and aerospace industries. Axial flux motors are suitable across the aerospace sector, for rotorcraft applications such as eVTOLs, UAMs, Helicopters, as well as single or multi-propeller fixed-wing, general aviation aircraft. According to the International Trade Administration, the UK aerospace industry is the second largest in the world. Government initiatives, including the £250 million ($339 million) joint industrial investment for green aerospace technologies in June 2025, further emphasize Europe’s leadership in sustainable aviation. Moreover, European companies like YASA, Traxial BV, and Evolito Ltd. are innovators in this market. For instance, in May 2025, YASA opened the UK’s axial-flux motor super-factory in Yarnton, near Oxford.
Asia-Pacific Region is the Fastest-Growing Market for Axial Flux Motors
The Asia-Pacific Region is the fastest-growing market for axial flux motors, fueled by rising developments in China’s drone industry. Axial flux motors deliver additional torque for a given mass, assisting drones to achieve improved acceleration, upgraded maneuverability, and higher lift capacity. China's drone industry witnessed robust development over the past years, with unmanned aerial vehicles (UAVs) used in more areas of the economy. According to the Civil Aviation Administration of China (CAAC), there were nearly 1.27 million registered UAVs across the country at the end of 2023, up 32.2% year on year. Nearly 19,000 companies were engaged in the operation of drones, and 194,000 people held drone pilot certificates.
Market Players Outlook
The major companies operating in the global axial flux motor market include YASA Limited, Miba, Magnax BV, and EMRAX d.o.o.o, Phi-Power AG, among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments
- In July 2025, Orbis Electric introduced HaloDrive, an advanced axial flux motor-generator. The motor has been designed for commercial transportation, trucking fleets, stationary industrial power generation, and passenger vehicles, as well as marine systems and aerospace platforms.
- In 2024, Sierramotion announced the expansion to its STSA Series of axial flux motors with new 100mm, 150mm, and 283mm O.D. size variants.
- Market value data analysis of 2025 and forecast to 2035.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global axial flux motor market. Based on the availability of data, information related to new products and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
Table of Contents
185 Pages
- 1. Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Global Axial Flux Motor Market Sales Analysis – Motor Type | Cooling Type | Applications ($ Million)
- Axial Flux Motor Market Sales Market Sales Performance of Top Countries
- 1.1. Research Methodology
- Primary Research Approach
- Secondary Research Approach
- 1.2. Market Snapshot
- 2. Market Overview and Insights
- 2.1. Scope of the Study
- 2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Axial Flux Motor Market Trends
- 2.2.2. Market Recommendations
- 3. Market Determinants
- 3.1. Market Drivers
- 3.1.1. Drivers For Global Axial Flux Motor Market: Impact Analysis
- 3.2. Market Pain Points and Challenges
- 3.2.1. Restraints For Global Axial Flux Motor Market: Impact Analysis
- 3.3. Market Opportunities
- 3.3.1. Opportunities For Global Axial Flux Motor Market: Impact Analysis
- 4. Competitive Landscape
- 4.1. Competitive Dashboard – Axial Flux Motor Market Revenue and Share by Manufacturers
- Axial Flux Motor Type Comparison Analysis
- Top Market Player Ranking Matrix
- 4.2. Key Company Analysis
- 4.2.1. YASA Limited
- 4.2.1.1. Overview
- 4.2.1.2. Product Portfolio
- 4.2.1.3. Financial Analysis
- 4.2.1.4. SWOT Analysis
- 4.2.1.5. Business Strategy
- 4.2.2. Miba
- 4.2.2.1. Overview
- 4.2.2.2. Product Portfolio
- 4.2.2.3. Financial Analysis
- 4.2.2.4. SWOT Analysis
- 4.2.2.5. Business Strategy
- 4.2.3. Magnax BV
- 4.2.3.1. Overview
- 4.2.3.2. Product Portfolio
- 4.2.3.3. Financial Analysis
- 4.2.3.4. SWOT Analysis
- 4.2.3.5. Business Strategy
- 4.2.4. EMRAX d.o.o
- 4.2.4.1. Overview
- 4.2.4.2. Product Portfolio
- 4.2.4.3. Financial Analysis
- 4.2.4.4. SWOT Analysis
- 4.2.4.5. Business Strategy
- 4.2.5. Phi-Power AG
- 4.2.5.1. Overview
- 4.2.5.2. Product Portfolio
- 4.2.5.3. Financial Analysis
- 4.2.5.4. SWOT Analysis
- 4.2.5.5. Business Strategy
- 4.3. Top Winning Strategies by Market Players
- 4.3.1. Merger and Acquisition
- 4.3.2. Product Launch
- 4.3.3. Partnership And Collaboration
- 5. Global Axial Flux Motor Market Sales Analysis By Motor Type ($ Million)
- 5.1. Single-Sided
- 5.2. Double-Sided
- 6. Global Axial Flux Motor Market Sales Analysis By Cooling Type ($ Million)
- 6.1. Air Cooled
- 6.2. Liquid Cooled
- 7. Global Axial Flux Motor Market Sales Analysis By Application ($ Million)
- 7.1. Electric Vehicles
- 7.2. Aerospace and Drones
- 7.3. Wind Turbines
- 7.4. Industrial Automation and Robotics
- 7.5. Marine and Specialty Mobility
- 7.6. Others
- 8. Regional Analysis
- 8.1. North American Axial Flux Motor Market Sales Analysis – Motor Type | Cooling Type | Applications ($ Million)
- Macroeconomic Factors for North America
- 8.1.1. United States
- 8.1.2. Canada
- 8.2. European Axial Flux Motor Market Sales Analysis – Motor Type | Cooling Type | Applications ($ Million)
- Macroeconomic Factors for Europe
- 8.2.1. UK
- 8.2.2. Germany
- 8.2.3. Italy
- 8.2.4. Spain
- 8.2.5. France
- 8.2.6. Russia
- 8.2.7. Rest of Europe
- 8.3. Asia-Pacific Axial Flux Motor Market Sales Analysis – Motor Type | Cooling Type | Applications ($ Million)
- Macroeconomic Factors for Asia-Pacific
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. South Korea
- 8.3.4. India
- 8.3.5. Australia & New Zealand
- 8.3.6. ASEAN Countries (Thailand, Indonesia, Vietnam, Singapore, And Other)
- 8.3.7. Rest of Asia-Pacific
- 8.4. Rest of the World Axial Flux Motor Market Sales Analysis – Motor Type | Cooling Type | Applications ($ Million)
- Macroeconomic Factors for the Rest of the World
- 8.4.1. Latin America
- 8.4.2. Middle East and Africa
- 9. Company Profiles
- 9.1. ADATA Technology Co., Ltd.
- 9.1.1. Quick Facts
- 9.1.2. Company Overview
- 9.1.3. Product Portfolio
- 9.1.4. Business Strategies
- 9.2. Allient, Inc.
- 9.2.1. Quick Facts
- 9.2.2. Company Overview
- 9.2.3. Product Portfolio
- 9.2.4. Business Strategies
- 9.3. Beyond Motors d.o.o.
- 9.3.1. Quick Facts
- 9.3.2. Company Overview
- 9.3.3. Product Portfolio
- 9.3.4. Business Strategies
- 9.4. Conifer
- 9.4.1. Quick Facts
- 9.4.2. Company Overview
- 9.4.3. Product Portfolio
- 9.4.4. Business Strategies
- 9.5. Coulomb Solutions Inc.
- 9.5.1. Quick Facts
- 9.5.2. Company Overview
- 9.5.3. Product Portfolio
- 9.5.4. Business Strategies
- 9.6. DYNAX Corporation
- 9.6.1. Quick Facts
- 9.6.2. Company Overview
- 9.6.3. Product Portfolio
- 9.6.4. Business Strategies
- 9.7. EMRAX d.o.o
- 9.7.1. Quick Facts
- 9.7.2. Company Overview
- 9.7.3. Product Portfolio
- 9.7.4. Business Strategies
- 9.8. Evolito Ltd.
- 9.8.1. Quick Facts
- 9.8.2. Company Overview
- 9.8.3. Product Portfolio
- 9.8.4. Business Strategies
- 9.9. Faststream Technologies
- 9.9.1. Quick Facts
- 9.9.2. Company Overview
- 9.9.3. Product Portfolio
- 9.9.4. Business Strategies
- 9.10. Golden Motor
- 9.10.1. Quick Facts
- 9.10.2. Company Overview
- 9.10.3. Product Portfolio
- 9.10.4. Business Strategies
- 9.11. Infinitum
- 9.11.1. Quick Facts
- 9.11.2. Company Overview
- 9.11.3. Product Portfolio
- 9.11.4. Business Strategies
- 9.12. Lucchi R. S.r.l.
- 9.12.1. Quick Facts
- 9.12.2. Company Overview
- 9.12.3. Product Portfolio
- 9.12.4. Business Strategies
- 9.13. Magnax BV
- 1.1.1. Quick Facts
- 1.1.2. Company Overview
- 1.1.3. Product Portfolio
- 1.1.4. Business Strategies
- 9.14. Matris d.o.o.
- 9.14.1. Quick Facts
- 9.14.2. Company Overview
- 9.14.3. Product Portfolio
- 9.14.4. Business Strategies
- 9.15. Miba
- 9.15.1. Quick Facts
- 9.15.2. Company Overview
- 9.15.3. Product Portfolio
- 9.15.4. Business Strategies
- 9.16. Mirmex Motor SA
- 9.16.1. Quick Facts
- 9.16.2. Company Overview
- 9.16.3. Product Portfolio
- 9.16.4. Business Strategies
- 9.17. Nidec Corporation
- 9.17.1. Quick Facts
- 9.17.2. Company Overview
- 9.17.3. Product Portfolio
- 9.17.4. Business Strategies
- 9.18. Orbis Electric
- 9.18.1. Quick Facts
- 9.18.2. Company Overview
- 9.18.3. Product Portfolio
- 9.18.4. Business Strategies
- 9.19. Phi-Power AG
- 9.19.1. Quick Facts
- 9.19.2. Company Overview
- 9.19.3. Product Portfolio
- 9.19.4. Business Strategies
- 9.20. Schaeffler AG
- 9.20.1. Quick Facts
- 9.20.2. Company Overview
- 9.20.3. Product Portfolio
- 9.20.4. Business Strategies
- 9.21. Sierramotion
- 9.21.1. Quick Facts
- 9.21.2. Company Overview
- 9.21.3. Product Portfolio
- 9.21.4. Business Strategies
- 9.22. Silixcon S.R.O.
- 9.22.1. Quick Facts
- 9.22.2. Company Overview
- 9.22.3. Product Portfolio
- 9.22.4. Business Strategies
- 9.23. Torus Robotics
- 9.23.1. Quick Facts
- 9.23.2. Company Overview
- 9.23.3. Product Portfolio
- 9.23.4. Business Strategies
- 9.24. Traxial BV
- 9.24.1. Quick Facts
- 9.24.2. Company Overview
- 9.24.3. Product Portfolio
- 9.24.4. Business Strategies
- 9.25. Turntide Technologies Inc.
- 9.25.1. Quick Facts
- 9.25.2. Company Overview
- 9.25.3. Product Portfolio
- 9.25.4. Business Strategies
- 9.26. WEG SA
- 9.26.1. Quick Facts
- 9.26.2. Company Overview
- 9.26.3. Product Portfolio
- 9.26.4. Business Strategies
- 9.27. WHYLOT
- 9.27.1. Quick Facts
- 9.27.2. Company Overview
- 9.27.3. Product Portfolio
- 9.27.4. Business Strategies
- 9.28. YASA Limited
- 9.28.1. Quick Facts
- 9.28.2. Company Overview
- 9.28.3. Product Portfolio
- 9.28.4. Business Strategies
- 9.29. Zhejiang Pangu Power Technology Co., Ltd
- 9.29.1. Quick Facts
- 9.29.2. Company Overview
- 9.29.3. Product Portfolio
- 9.29.4. Business Strategies
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