Global Micro Motor Market Insights Forecasts to 2032

• The Global Micro Motor Market Size was valued at USD 42.6 Billion in 2022.
• The Market Size is Growing at a CAGR of 7.3% from 2022 to 2032
• The Worldwide Micro Motor Market Size is expected to reach USD 86.3 Billion by 2032
• North America is expected to Grow the fastest during the forecast period

The Global Micro Motor Market Size is expected to reach USD 86.3 Billion by 2032, at a CAGR of 7.3% during the forecast period 2022 to 2032.

Micro motors, often known as miniature motors, are small electrical components that transform electrical energy into mechanical motion. Their small dimensions distinguish them, allowing them to enter into confined areas and perform precise actions that larger motors cannot. Although they are small in size, they play a huge role in modern engineering and technology. Micro motors, due to their inherent versatility, have found a home in a wide range of applications. They power key medical devices such as hearing aids, dental drills, and specialized surgical tools, giving critical precision and dependability. Their compact size makes them perfect for applications requiring dimensions, weight, and precise control. Micro motors are almost everywhere in consumer electronics, from the vibration mechanism in smartphones to the optical stabilization in cameras. Micro motors are also used in car components including mirrors, seats, and ventilation systems to improve consumer convenience and vehicle operation. Rising technical breakthroughs, fast industrialization and urbanization, the demand for miniaturization across industries to produce compact equipment, the introduction of electric vehicles and autonomous vehicles, and precision manufacturing are just a few examples. Furthermore, as technology advances and more cost-effective manufacturing techniques become accessible, micro motors have become more widely available and inexpensive, making them appropriate for a wide range of applications in a variety of industries.

Driving Factors

The micro motor market is a fast-growing and constantly evolving technology of the wider electronics and industrial sectors. These tiny motors, which are frequently only a few millimeters in size, are incorporated into a wide range of devices and applications that demand precise and regulated movement. This market comprises a wide range of applications across several sectors, and its importance is growing. Particularly among the most common uses for micro motors are in the consumer electronics industry. These motors power different components of smartphones, tablets, and wearable gadgets, enabling tasks like vibration alerts and camera autofocus. In addition, micro motors are used in the automobile sector for applications such as motorized windows, mirrors, and HVAC systems. The need for micro motors in this industry is increasing as automakers focus on improving user experience and lowering energy usage. Furthermore, in the modern world of wearables and smart devices, micro motors are critical to guaranteeing consistent performance, from adjusting the lens in wearable cameras to piloting microscopic drones. 

The rapidly increasing trend of industrialization and infrastructural development in emerging nations is driving up demand for micro motors used in industrial machines and systems. Additionally, the rise of autonomous machines that can work alongside humans in shared workspaces creates an opportunity for the micro motor market. Robot movements necessitate the use of small motors. Product manufacturers have been collaborating on R&D to reduce the total size and weight of micro motors while maintaining output power and torque. Moreover, as technology advances and consumer demands alter, the micro motor market will be driven to keep evolving in order to remain a dynamic and crucial sector in the global industrial scene.

Market Segmentation

By Technology Insights

The DC motor segment is dominating the market with the largest revenue share over the forecast period.

On the basis of type, the global micro motor market is segmented into the AC motor, DC motor. Among these, the DC motor segment is dominating the market with the largest revenue share of 57.5% over the forecast period. DC motors offer high power density and are utilized in energy-intensive machinery as well as personal products like hair dryers, electric toothbrushes, and electric razors. DC motors tend to be more durable than AC motors due to their strong initiating torque, starting and reversing speeds, and lower cost. DC micro motors are further classified into two distinct forms: brushless and brushed motors. The brushed DC micro motor is widely used in the global market due to its ease of installation and lower cost than brushless motor attributes. A brushed DC micro motor is used in a variety of vehicle systems, including windshield wipers, power windows, cooling fans, and other components.

By Power Consumption Insights

The less than 11V segment is expected to hold the largest share of the Global Micro Motor Market during the forecast period.

Based on the power consumption, the global micro motor market is classified into less than 11V, 12-24 V, 25-48 V, and more than 48 V. Among these, the less than 11V segment is expected to hold the largest share of the micro motor market during the forecast period. Particularly due to the low cost and superior performance of these micromotors, various products that can operate on low voltage have gained popularity. Low-voltage motors are used in a variety of products such as coffee makers, vacuum cleaners, air purifiers, mixers, food processors, and dryers. Furthermore, because of its higher power output, energy efficiency, and durability in applications such as heavy-duty machinery, unmanned aerial vehicles, autonomous guided vehicles, and aircraft actuation systems, the more than 48 V category is predicted to develop the fastest throughout the forecast period.

By Application Insights

The healthcare & automotive segment accounted for the largest revenue share of more than 37.6% over the forecast period.

On the basis of application, the global micro motor market is segmented into industrial automation, automotive, electronic appliances, construction & mining, 3D printer systems, healthcare, aerospace, and others. Among these, the healthcare & automotive segment is dominating the market with the largest revenue share of 37.6% over the forecast period. The increased demand and flexibility for features that incorporate miniaturization, power economy, and improved durability in applications such as medical devices and automotive systems is a primary driver of micro motor consumption. In the healthcare industry, micro motors are utilized in flexible medical equipment, automated insulin pumps, cardiovascular monitors, hypoglycemia monitoring systems, compact ECGs, and portable ultrasounds. Micromotors are widely used in the healthcare industry because they allow for the shrinking of equipment. Furthermore, micro motors are employed in a variety of automotive components, including powered window lifters, power seats, parking brakes, door lock actuators, door mirrors, and a variety of other autonomous systems. Micro motors are also used in safety measures such as anti-lock brake systems.

Regional Insights

Asia Pacific dominates the market with the largest market share over the forecast period.

Asia Pacific is dominating the market with more than 38.7% market share over the forecast period. This is due to increased demand from rising automation in higher productivity and effectiveness across many industries, which may be attributed to growing automated technology penetration and strong manufacturing industries in nations such as China, Japan, South Korea, and India. In addition, the region's demand for micro motors is being driven by the increasing adoption of Industry 4.0 and automation. Furthermore, as the Asia Pacific area has a major role in the vehicle production business, there is a large need for micro motors in car components such as door locks, mirrors, and windows. The region is also seeing an increase in the demand for electric vehicles, which is increasing the demand for micro motors.

North America, on the contrary, is expected to grow the fastest during the forecast period. This expansion is fueled by the strong presence of important industry players as well as the thriving automotive, aerospace, healthcare, and electronic appliances markets. Furthermore, the region's strong demand for personal care and technology goods contributes to the region's growing demand for micro motors. The Europe market is expected to register a substantial CAGR growth rate during the forecast period, due to the higher expenditures in industrial automation.

List of Key Market Players

• Maxon
• ABB Ltd.
• Siemens AG
• Nidec Corporation
• Mabuchi Motor Co., Ltd.
• Constar Micromotor Co., Ltd.
• MITSUBA Corporation
• Johnson Electric Holdings Limited
• Robert Bosch GmbH
• Denso Corporation
• Arc Systems Inc.

Key Market Developments

• On February 2023, Mabuchi Motor Co., Ltd. introduced a new line of DC brushless motors with an improved lineup, waterproof structure, and decreased vibrations. Speed reducers, electromagnetic brakes, and drive units can all benefit from these motors.

• In March 2022, Slider, a tiny linear vibration motor invented by Nidec Corporation, is used in smartphones and smartwatches. The vibrations alert users to incoming messages or phone calls on the gadget.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Micro Motor Market based on the below-mentioned segments:

Micro Motor Market, Type Analysis

• AC Motor
• DC Motor

Micro Motor Market, Power Consumption Analysis

• Less Than 11V
• 12-24 V
• 25-48 V
• More Than 48 V

Micro Motor Market, Application Analysis

• Industrial Automation
• Automotive
• Electronic Appliances
• Construction & Mining
• 3D Printer Systems
• Healthcare
• Aerospace
• Others

Micro Motor Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa