Analysis of Micro Motor market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global micro motor market is projected to expand steadily at a value CAGR of 4.6%, during the forecast period 2022-2032. In the year 2022, the market size is projected to expand and gain a global market valuation of US$ 36 Bn.
Considering this steady growth along with the booming demand in the global market, the micro motor market is expected to reach US$ 58 Bn by 2032.
The micro motor transforms electrical energy into mechanical power. Electric shavers, fans, toothbrushes, pumps, robots, windshield scrubbers, and other devices all utilize micro motors in various ways. Healthcare, pharmaceuticals, robotics, automotive, and other sectors all use micromotors. Voltage sizes ranging from 1 V to 60 V are offered. It is compact, light, and has a strong torque.
Micromotors are increasingly being used in industrial applications because to their high torque, high efficiency, exceptional controllability, durability, and dependability qualities. One of the main drivers of market expansion is a rise in demand for micro motors from uses in electric cars, HVAC, and robotics technology.
Anticipated Base Year Value (2021)
US$ 28 Billion
Expected Market Value (2022)
US$ 36 Billion
Projected Forecast Value (2032)
US$ 58 Billion
Global Growth Rate (2022-2032)
Expected Growth Rate of the US Market (2022-2032)
Anticipated Growth Rate of China Market (2022-2032)
Prominent Players in The Global Market
Pumps, compressors, automobiles, lathes, machine tools, disc drives, home appliances, power tools, and electric cars all contain micromotors. These highly effective motors are more expensive than normal motors, but they offer a number of advantages over standard motors, including reduced energy consumption, a longer lifespan, less maintenance, and an increased tolerance for voltage variations. The market for micro motors is anticipated to rise as a result of the applications' requirement for increased productivity and reduced power consumption.
The automobile industry slowdown and expensive initial capital expenditure are anticipated to impede the expansion of the micro motor market. Furthermore, it is projected that the growing demand for micro motors from robotics and automated robot technologies would create profitable prospects for the market's expansion.
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According to market research and competitive intelligence provider Fact.MR- the market for micro motor reflected a value CAGR of 1.5% during the historical period, 2017- 2021. Due to the cessation of international trade, prolonged lockdowns, and halted manufacturing processes in the electronics and manufacturing sectors, the COVID-19 pandemic has had a negative effect on the global micro motor industry. But during the post-COVID scenario, things started to ramp up rapidly in this market.
The rise in industry 4.0 is one of the main factors projected to drive the development of the micro motor market. The medical sector, which is supporting the use of robotics to set a higher standard for conventional medical service standards, is where this is primarily observed. With affordable alternatives like micro motors, laboratories may automate operational processes for swiftly and accurately analyzing huge numbers of samples. Due to their use in fields including medicine, molecular biology, and chemical testing labs, manufacturers seek to provide cutting-edge micro motors with dynamism and high accuracy.
Due to the qualities of the automobile business that allow automakers to blend elegance and ease, micro motor producers may prosper. The durable and affordable micro motor is also being used in growing sectors including construction, mining, and healthcare.
Manufacturers are attempting to lower the diameter of the micro motor while enhancing operational quality to assure enhanced performance. Development of high-performance electric micro motors is now feasible thanks to technical advancement and manufacturers' adoption of these cutting-edge methods. Due to such developments, this market is expected to grow with a CAGR over 5% during the forecast period.
Versatility of micro motor to boost Global Market Demand
Market expansion is anticipated to be fueled by the versatility of micro motors, which are used in a wide range of applications in a variety of industries, including medical equipment, automotive, industry automation, aircraft systems, 3D printing, agriculture equipment, construction & mining equipment, and a few others. Micro motor versatility helps to spread out the danger of a recession in a given industry or sector, which tends to support the growth curve's upward tendency.
The electronics sector has seen exponential growth, and it is anticipated that this trend will continue for the next 10 years. Due to the wide range of uses for micro motors, the booming electronics sector is a clear indicator of future sales. Over the next ten years, the integration of micro motors into various electrical products is projected to boost demand. Additionally, since they use less power, they are frequently preferred by producers of electrical devices.
The demand for catheterization is dramatically rising due to rising hospital spending on patient care for cardiac illness and an increase in the number of patients receiving cardiac therapy. Governmental or private sector increases in healthcare spending are increasing the need for balloon catheters, which in turn is boosting micro motor sales proportionately. Thus, with such notable developments during the forecast period, the market for micro motors will see extreme demand.
Innovative technology to accelerate Micro Motors Uptake in the World
Micro motors' capacity to be integrated into small, intricate spaces with a variety of power sources from 5 volts to 48 volts, such as cutting-edge electrical and electronic components, is one of its most notable features. They are ideal for deployment in tiny spaces due to their lightweight and compact structure.
Due to its high torque density and combination of straightforward components, piezoelectric ultrasonic motors are regarded as high-performance motors. Piezoelectric ultrasonic motors have relatively high efficiency and power, and as the electronics sector expands, so will demand for these motors. With the rising demand for this technology, the demand for micro motors will boom during 2022-2032.
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Smaller lifespan and high cost of raw materials to restrict Market Growth
Due to their negative influence on dependability, micro motors have a short lifespan, which makes it necessary to replace them more frequently. Repetitive motor replacement in various electronics and other equipment causes consumers to turn to well-known substitute items, which may potentially lower the market's annual revenue growth rate over the course of the projected period.
Over the previous five years, prospective suppliers have adjusted raw material prices while taking a variety of external factors into account. The overall cost of micro motors will increase as a result of a rise in the price of raw materials like copper and steel bearings.
Since the purchase of raw materials accounts for over 62% of the entire cost, persistently rising raw material costs may have a negative effect on the amount of micromotors sold. These are likely to stymie the growth of the micro motor market during the forecast period.
Brushless Micro Motors will continue to dominate the global market during the forecast period
According to Fact.MR, demand for brushless micro motors is expected to lead the global micro motor market in 2022 and is likely to retain its dominance throughout the forecast period. The segment is predicted to gain a global market share of 65% by 2022.
By 2032, it is predicted that demand for brushless micro motors would increase by more than 240 BPS and be valued at over US$ 38 Bn. In comparison to brushed micro motors, brushless micro motors have a number of benefits, including higher efficiency that produces more torque per watt, a longer lifespan, less noise, a higher torque-to-weight ratio, and the absence of ionizing spark from commutators. As a result, the market for brushless micro motors is anticipated to grow quickly.
Automotive Applications are likely to tower over rest of the Categories
In 2022, the automotive segment is expected to hold the major portion of the micro motor market by application, accounting for almost 30% of the global market share.
Demand from this industry is expected to grow at a rate of around 5% CAGR due to the rising trend of steering mounted controls, electrically adjustable wing mirrors, automated climate control mechanisms, and seat adjustment features. With such developments, the global micro motors market is expected to gain new heights within the forecast period.
Drones are used for surveillance and monitoring activities
Drone demand is continuously increasing due to a variety of uses. Drones are among the greatest pieces of surveillance technology, as has been demonstrated repeatedly in the past in a variety of contexts. Drones, which may be used for a variety of tasks including surveillance and monitoring are widely used by the military and the defense sector.
Due to their great efficiency and comparably shorter delivery times than traditional ways, drones have been widely used for freight deliveries. This enables drones to be used for freight loading to a greater extent. Drones are widely used in a variety of industries to transport things like meals and packages.
High RPM motors are popular because of their effectiveness and versatility. For their unique needs, several sectors, like drones and aviation, need high RPM motors. Micro motor sales are expected to grow rapidly during the next ten years as a result of the expansion of the drone and aviation systems markets.
Use of Micro Motors in the Air Force will boost the market demand
The US market will be the most lucrative market for micro motors during the forecast period. As per Fact.MR, the U.S market is expected to gain a market share of 45% in 2022. The micro motor industry is expected to grow to US$ 5.8 Bn in the U.S by 2022.
Due to its developed end-use sectors and infrastructure, the U.S. is one of the major nations responsible for creating demand. The use of drones in the US air force and other defense systems will bolster the demand for micro motors in the region. By the end of 2032, the U.S. is anticipated to hold close to 84% of the North American market. This market is also anticipated to grow with a 5.1% CAGR during 2022-2032.
Increased use of antiperspirants to boost Domestic Demand
China has emerged as one of the most profitable markets for the marketing of micro motors and is also expected to register the highest CAGR during 2022-2032. During the forecast period, the Chinese market for micro motors is expected to grow at a 5.2% CAGR.
China offers labor at a lower cost than the majority of developed nations, with a combination of affordability and convenience in obtaining raw resources. As a result, China is ranked #1 among important players worldwide. Micro motor consumption also appears to be rising as a result of increased demand from end-use industries.
China is thought to be one of the global industrial powerhouses. This results in relatively high demand from end-use sectors, including those for aviation systems, construction materials, etc. Additionally, certain regional government industrialization and manufacturing strategies are probably going to support the growth trajectory during the predicted period.
Major businesses appear to be particularly interested in partnerships, capacity growth, acquisitions, and creating international selling and distribution networks.
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In 2022, the brushless segment by product type is expected to occupy a 65% market share and is expected to dominate the global market during 2022-2032 too.
The global micro motor market is expected to grow with a 5.1% CAGR during 2022-2032.
The global micro motor market is currently worth more than US$ 35.1 Billion.
By 2032, the global micro motor market is projected to reach a market size of US$ 58 Bn.
From 2017-2021, the micro motor market grew at a CAGR of 1.5%.
The automotive segment is projected to hold a global market share of 30% in 2022.
The US is predicted to acquire 45% of the global market share in 2022 and grow with a 5.1% CAGR during 2022-2032.
The Chinese region is forecast to have a CAGR of 5.2% over the projection period of 2022- 2032.
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