Micro Motor Market

Micro Motor Market Outlook (2024 to 2034)

The global micro motor market was valued at US$ 39,220.8 million in 2023 and has been forecasted to expand at a noteworthy CAGR of 5.0% to end up at US$ 66,845.3 million by 2034.

The micro motor market is witnessing robust growth due to increasing demand from various industries such as automotive, healthcare, industrial automation, and aerospace.

• Between 2024 and 2034, the application segment in automotive is expected to produce an absolute dollar opportunity US$ 8,123.3 million.
• In 2024, the application segment in medical equipment systems holding a 17.6% market share.
• In 2024, the application segment in aircraft systems holding a 6.6% market share, creating an absolute dollar opportunity US$ 1,165.4 million.

Micro motors play a very important role in advancements such as, high levels of miniaturization to the development of sophisticated applications that require high levels of precision, space optimization, and reliability. These motors will power everything from minimally invasive medical devices to advanced automotive systems and aerospace controls.

The electric motor market is the parent market of micro motors. It comprises various types of motors used in industrial machinery, consumer electronics, transportation, and other fields. Stronger emphasis on energy efficiency along with growth in electric vehicles, is stirring interest in more advanced motor technologies.

Report Attributes	Details
Micro Motor Market Size (2023A)	US$ 39,220.8 Million
Estimated Market Value (2024E)	US$ 41,105.4 Million
Forecasted Market Value (2034F)	US$ 66,845.3 Million
Global Market Growth Rate (2024 to 2034)	5.0% CAGR
North America Market Share (2024)	26.2%
East Asia Market Share (2024)	17.4%
China Market Growth Rate (2024 to 2034)	6.4% CAGR
Key Companies Profiled	Bühler Group; Constar Micromotor Co., Ltd.; FAULHABER GROUP; Ineed Electronics; Johnson Electric Holdings Limited; KINETRON; MABUCHI MOTOR CO., LTD.; maxon; Mirmex Motor; Mitsuba Corporation; NIDEC Corporation; Olimex Ltd.; Orbray Co., Ltd.; Pelonis Technologies, Inc.; Portescap; Power Electric; Risun Expanse Corp.; T-MOTOR; Vybronics; FADISEL; Other Prominent Players.

Historic Analysis (2019 to 2023) and Future (2024 to 2034) Pathway Analysis for the micro motor market

The market for micro motor grew at a growth rate of 4.3% from 2019 to 2023, and by the end of 2023, it was valued at US$ 39,220.8 million. The micro market experienced a period of steady evolution. Growth during this time was driven by a surge in demand for automation across key industries such as automotive, healthcare, and industrial automation.

Historical Report Attributes	Details
Market Size (2019A)	US$ 33,166.8 million
Market Size (2023A)	US$ 39,220.8 million
Historical CAGR (2019 to 2023)	4.3%
Forecasted CAGR (2024 to 2034)	5.0%

• Short Term (2024 to 2027): The rising focus on electrification and automation of various industries is likely to drive the short term outlook of the micro motor market. With electric vehicles continuing to scale up around the world, demand for micro motors in automotive applications-power windows, steering, and seat adjustments is thus likely to rise.
• Medium Term (2027 to 2030): There will be more use of higher technological applications within many industries. There will be more usage of autonomous vehicles wherein micro motors are used as driving forces for the important systems like sensors, actuators, and control units. High-performance micro motors will be employed in addition to revolutionize the industry with even more companies deploying fully automated production lines.
• Long Term (2030 to 2034): The micro motor market is expected to witness a transformation phase with the adoption of advanced technologies including artificial intelligence, machine learning, and space exploration. The AI-powered robotics will find their place in both industrial and consumer applications, right from automated manufacturing plants to domestic robots, which shall raise the requirement for micro motors capable of supporting such advanced systems.

On the back of the aforementioned facts, the micro motor market is anticipated to grow at a CAGR of 5.0% during the forecast period from 2024 to 2034, According to the Fact.MR, a market research and competitive intelligence provider.

Market Dynamics

Why is Miniaturization in Medical and Industrial Applications Driving the Micro Motor Market?

“The Role of Miniaturization in Driving the Micro Motor Market across Medical and Industrial Applications”

These new portable and wearable devices are pushing the boundaries of what micro motors can achieve within the medical field. Medical devices ranging from portable ventilators and infusion pumps to robotic surgical systems are demanding ever-increasing micro motor technologies that can deliver precision and controlled movement within their compact designs. The smaller they get, the bigger their contribution to minimally invasive surgeries, quicker recoveries, and enhanced diagnostic accuracy.

Micro motors continue to lead the automation revolution in industrial applications. Robotics, precision manufacturing, and miniature assembly systems require compact motors to operate effectively in confined spaces. Most particularly, this demand is experienced to continuously be on the rise within the Asia-Pacific region, which has rapid industrialization and technological innovation advancing the market forward.

What Role Does the Growth of Electric Vehicles (EVs) and Automotive Automation Play in Boosting the Micro Motor Market?

“How Electric Vehicles and Automation Are Driving the Demand for Micro Motors in the Automotive Industry”

Whereas, in conventional vehicles, the usage of micro motors increases with the change to EVs across applications like EPS, HVAC systems, and other advanced safety applications. These applications require compact and energy-efficient motors that perform accurately to further contribute to performance and energy savings of the vehicle. Due to the rapid adoption of electric mobility and autonomous driving technologies, the automotive segment has emerged as one of the most important sectors within the micro motor market for applications such as power seats, windows, mirrors, and sunroofs.

Comfortable driving with high fuel efficiency and control of the vehicle is being increasingly assured for luxury vehicles with the introduction of active suspension systems and autonomous vehicle technologies, all of which rely heavily on high-performance micro motors. With full electrification and higher levels of autonomy the inevitable next steps in the automotive industry, even more sophisticated micro motors will be required.

Why is Counterfeiting and Low-Quality Products a Major Challenge in the Micro Motor Market?

“The Impact of Counterfeit Micro Motors on Critical Sectors and the Need for Regulatory Enforcement”

Most counterfeit products are cheap, thus attracting buyers who are cost-conscious. In most instances, they lack quality, precision, and reliability for critical applications. For industries requiring high precisions for safety features-for example, the automotive industry with EPS and braking systems-there is a potential for system failures and a huge safety risk with the application of low-quality or counterfeit motors since they are very expensive.

Because medical devices, including ventilators, infusion pumps, and surgical equipment, depend heavily on micro motors, the healthcare sector is highly susceptible to increased vulnerability. A counterfeit or low-quality component in such applications may lead to malfunctioning, patient harm, and even disruption of operations.

What is required is more stringent regulatory enforcement and control of quality to put an end to spurious products. Since customers are very much concerned with the reputation of firms, there is a lot at stake in terms of customer trust for OEMs to maintain supply chain integrity and, consequently, the authenticity of their parts within the competitive market.

Country-wise Insights

Country-wise Forecast CAGRs for the micro motor market

Country	CAGR
U.S.	4.8%
China	6.4%
Japan	3.1%

Why is Adoption of Micro Motor High in the United States?

“Key Drivers of the U.S. Micro Motor Market: Automotive, Healthcare, and Industrial Automation”

Country Analysis	United States
Estimated Value (2024E)	US$ 8,006.9 Million
Growth Rate (2024 to 2034)	4.8% CAGR
Projected Value (2034F)	US$ 12,837.8 Million

The U.S. automotive industry is growing rapidly in the electric vehicle and autonomous driving technologies, and both are significant drivers for the micro motor market. Some of the key applications that involve the utilization of micro motors include electric power steering, automated window systems, HVAC systems, and other precision control functions.

In the healthcare sector, much investment is being laid in sophisticated and portable healthcare solutions, medical devices. The applications vary from portable ventilators and infusion pumps to robotic surgery systems. Maybe in the U.S., the increased focus will be on telemedicine and home healthcare solutions, driving the demand significantly for these critical motors involved in miniaturizing devices in the medical line.

Greater industrial automation and robotics, especially in manufacturing and logistics, are increasing at a greater rate. Micro motors have become indispensable in facilitating precision for automated machinery and robotic systems in production lines. This trend, along with an aim for more efficient ways of production, supports the expansion of the micro motor market in the U.S.

Why is China a Lucrative Market for Micro Motor Market?

“China's Leadership in EVs and Consumer Electronics Fuels Growth in the Micro Motor Market”

Country Analysis	China
Estimated Value (2024E)	US$ 4,985.5 Million
Growth Rate (2024 to 2034)	6.4% CAGR
Projected Value (2034F)	US$ 9,240.0 Million

China is the world's largest EV producer, including the vast network of local producers in both the domestic consumption and export sectors. Micro motors contribute significantly to electric powertrains, braking systems, and automation of features related to power windows and mirrors in EVs. Strong policies enacted by the government of China-to encourage EV consumption and other green technologies-is among the key growth factors for the micro motor market in this region.

China acts as the world's electronics manufacturing hub, including consumer products such as smartphones, wearables, and home appliances. In miniaturized devices like smartphones and smartwatches, the RRS-based micro motors have been increasing in popularity to drive vibration, camera stabilization, and a host of other haptic feedback functions. As the demand is increasing to make more electronic devices smaller and smarter, the use of micro motors will grow in tandem.

Category-wise Insights

Why is the DC Micro Motor Segment Significant in the Market?

“The Growing Significance of DC Micro Motors in Diverse Applications”

Segmental Analysis	DC Micro Motors
Estimated Value (2024E)	US$ 30,808.9 Million
Growth Rate (2024 to 2034)	5.2% CAGR
Projected Value (2034F)	US$ 51,093.0 Million

DC micro motors are cherished for their high torque at low speeds and, in turn, have simple mechanisms for control that can easily allow the end user to change their speed or direction. Due to these facts, they are able to be used deeply in consumer electronics, automotive, and industrial automation.

They are also compact and light in weight, hence are applicable to applications that entail space limitations. Applications in automobiles result in the power of opening and closing electric windows, adjusting mirrors, and seats; hence, these motors are essential during the production of modern vehicles.

They are elemental in the operation of industrial automation for the drive of precision tools and robotic arms, hence ensuring very high levels of accuracy and reliability in operations.

Robotics and EVs are some of the fields where DC micro motors are likely to shine well, as they find utilization in efficiency and adaptability. The increasing penetration of DC micro motors in consumer electronics like personal care appliances, handheld gadgets, and toys points at versatility.

In medical applications, micro motors are playing an increasingly important role, but why are they so essential?

Segmental Analysis	Medical Equipment Systems
Estimated Value (2024E)	US$ 7,239.3 Million
Growth Rate (2024 to 2034)	5.2% CAGR
Projected Value (2034F)	US$ 11,976.9 Million

Miniaturization need in the healthcare sector is one of the prime drivers, and the micro motor is right at the forefront of this movement. Therefore, the radial field micro motor has come to play a vital role in numerous medical equipment systems, from portable ventilators and infusion pumps to robotic surgery tools, which are not able to deliver their functions without the micro motor's very precise and controlled movements that are so essential in patient care.

These motors make less invasive procedures possible, but they also improve the use of other diagnostic devices such as ultrasound machines and portable X-rays that rely on very fine motor movements to take high-quality pictures of the body.

As health care continues to move toward a more home-based, personalized practice, the demand for portable medical equipment is steadily increasing. Micro motors are at the forefront in creating portable, user-friendly devices with precise and reliable performance.

Other developing areas where micro motors find their applications include wearable healthcare devices, like activity trackers and smartwatches.

Competitive Landscape

Key players in the micro motor industry are Bühler Group, Constar Micromotor Co., Ltd., FAULHABER GROUP, Ineed Electronics, Johnson Electric Holdings Limited, KINETRON, MABUCHI MOTOR CO., LTD., maxon, Mirmex Motor, Mitsuba Corporation, NIDEC Corporation, Olimex Ltd., Orbray Co., Ltd., Pelonis Technologies, Inc., Portescap, Power Electric, Risun Expanse Corp., T-MOTOR, Vybronics, and FADISEL among others.

• On July 1, 2024, Nidec Corporation announced its investment in Eve Air Mobility, an eVTOL manufacturer. The strategic partnership via a subsidiary aims to bring both knowledge bases together for electric propulsion systems. This collaboration will be part of the group's objectives in expanding its positions into advanced air mobility through integrating electric motor technology into Eve's eVTOL development, positioning the companies for further growth in sustainable aviation.
• On October 19, Mitsuba Corporation announced its participation in the "Auto EV India 2023" exhibition, scheduled to take place from November 2-4, 2023, in Bangalore, India. Mitsuba plans to showcase its EV Drive Systems for compact two-wheeled electric vehicles in both inner rotor and outer rotor versions, along with LED turn signal and license lamp systems. These are novelties that bring to light the contribution Mitsuba makes to emerging demand linked to electric mobility.
• In 2021, the Maxon Group continued to expand its presence in France. The company will be investing EUR 10 million in a new Innovation and Production Center in Beynost near Lyon. To achieve this, Maxon France will further expand the use of French know-how in mechatronics for drive systems across the globe. Concretely, it intends to export its know-how in the design and manufacturing of multi-axis propulsion systems for the target markets: autonomous connected logistics, laboratory equipment, and Industry 4.0.

Fact.MR has provided detailed information about the price points of key manufacturers of micro motors positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Micro Motor Industry Research

• By Power Consumption :

  • Less than 12V
  • 12V-48V
  • More than 48V

• By Product Type :

  • Brushed Micro Motor
  • Brushless Micro Motor

• By Technology :

  • DC Micro Motor
  • AC Micro Motor

• By Application :

  • Automotive
  • Medical Equipment Systems
  • Industry Automation
  • Agriculture Equipment System
  • Aircraft Systems
  • Construction & Mining Equipment Systems
  • 3D Printing

• By Product Type :

  • DC Micro Motor
  • AC Micro Motor

• By Region :

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa