Micro Motors Market Size, Share, Growth, and Industry Analysis, By Type (Brushed and Brushless), By Downstream Industry (Automotive, Medical Equipment and Industrial Automation) and Regional Forecast to 2032

Updated On: 02 September 2024

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MICRO MOTORS MARKET REPORT OVERVIEW

The global Micro Motors Market Size was USD 307.26 million in 2023 and the market is projected to touch USD 399.14 million by 2032, exhibiting a CAGR of 2.65% during the forecast period.

Micro motors are tiny electric motors which are considerably smaller than even millimetres and are used in those applications where higher power output within a compact area is desired. They can self-moderate in a chemical solution and can be powered by oxidation-reduction reactions developing fluid flows or bubble streams. They are also capable of being moved with a lot of accuracy by outside inputs such as light or magnetism. These characteristics make micro motors highly relevant especially in the medical field for instance in drug delivery where the device is directed to certain body sites to deliver therapeutic agents directly to specific cells. These precisions and flexibility can be applied in numerous fields in both the technological and industrial manufacturing sectors.

Micro motors have features of being almost noiseless in their operation, energy-efficient, durable and can provide a high degree of feedback and control, all these attributes make micro motors a worthwhile investment in many industries. They particularly perform well in applications where power consumption is restricted and the device’s size is limited such as in portable electronics and small-scale medical devices. Some of the types include DC brushed motors, BLDC and stepper motors which are manufactured using cobalt alloys, nickel alloys as well as silicon steel. These motors effectively propel technology in robotics, aerospace systems and consumer electronics while offering higher performance along with small size. These possess high power density together with flexibility in their usage which makes them form part of present-day technologies.

COVID-19 Impact: Pandemic affected the production and availability leading to severe disruptions in the market

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic had a great effect on the production and supply chain of micro motors and it greatly affected any sector in various ways. Production disruptions, supply chain disruptions and scarcity of workers at production plants caused disruptions and slowed down production, leading to delays in the delivery of final products. High-tech sectors including medical devices, robotics and consumer electronics which incorporate micro motors as vital components, felt the pinch in their innovation as well as market access. The scarcity of these essential components hampered the innovation and expansion of micro motors and exposed the weaknesses in supply chains indicating that there is a need to come up with strategies to enhance the production and distribution of micro motors.

LATEST TRENDS

"Rising popularity of small electronic gadgets to driving the market"

This factor is due to the growing use of micro motors in portable and handheld electronic devices such as mobile phones, laptops, cameras and music players amongst others that has triggered the growth of the micro motor market. With the development of new trends in innovative technologies and the constant improvement of consumers’ demands for the smaller size, energy efficiency and multifunctional use of various devices, including smartphones, wearable devices, portable medical instruments and other micro motors have also gained high demand for their small size and high efficiency. These are very small motors which are crucial for control and function to facilitate the control of various gadgets. Their uses include vibration systems in mobile phones complex motions in robotic systems and accurate dosage delivery mechanisms in medical apparatus. There seems to be a constant pressure towards the smaller and powerful electronics, which is exerting pressure on the micro motor manufacturers to develop motors of relatively higher power and reliability in even smaller facets thus, enabling the usage of many applications and elaborating the utility of small electronic gadgets.

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MICRO MOTORS MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Brushed and Brushless.

Brushed: Brushed micro motors, that use brushes for commutation offer much simpler, cheaper and easier to fit in contrast to brushless motors. It is best suited for use in applications that require a high starting torque as the electrical loads begin to rise in automotive systems such as the wiper systems and power windows. However, they are more inclined towards degradation and largely less efficient than brushless motors, thus, pushing industries towards unconventional but more lasting and efficient motor solutions.

Brushless: Brushless micro motors are slowly replacing traditional motors because they are efficient, long-lasting and do not make noise. They deliver more power density with torque per watt besides having a better torque to weight ratio than ordinary motors available in the market. However, lacking commutators, they are free from ionizing sparks, which makes them suitable to be used in sensitive settings. Serving as the essence of the electric vehicle industry and surpassing its application in various industrial control and automation, medical devices, aerospace and others. While energy saving and reliability drive their demand.

By Downstream Industry

Based on downstream industry the global market can be categorized into Automotive, Medical Equipment and Industrial Automation.

Automotive: These micro motors apply in the automotive industry where they are used to operate window regulators and controls such as windows, mirrors, seats, sunroofs and even digital gadgets such as touch screen controls in automobiles. These aspects provide a great degree of control to drivers and therefore improve driving experiences. Increased consumer awareness and consumption of electric and hybrid automobiles have triggered demand due to optimizing vehicular motor size and performance. Manufacturers are thus applying innovations in micro motor technology that meet industry requirements thus offering boosted vehicle electrification.

Medical Equipment: Micro motors are indispensable in the medical field as the components that enable precise control and automation of tools, medical equipment and instruments used in surgeries, plantations, drug administration and diagnostics such as pumps for the administration of drugs and respiration equipment among others. Due to their application of miniaturization and operating at high frequencies, their devices are suitable for portable and less invasive medical applications. The growing need for the implementation of advanced equipment and improved treatment paves the way for the integration of these betterments, improving healthcare standards and performances.

Industrial Automation: Industrial automation can never be complete without micro motors owing to their use in robotics, CNC machines material handling machinery and other appliances that require precise control and high speed. They facilitate repetitive operations such as conveyor belts, robotic hands and automated production lines, as they help in improving manufacturing efficiency. Industry 4.0 transition has led to many changes that have affected manufacturing industries in many ways. Industry 4.0 and automation’s digitalisation increase the need for enhanced micro motor advancements and thus actualize innovations in industrial automation systems.

DRIVING FACTORS

"Increasing demand for automated personal care devices to boost the market"

The high demand for micro motors used in personal care devices due to growing automation technology will probably rapidly fuel the global micro motors market growth. With the increased demand for convenient and efficient ways of personal grooming and healthcare delivery, there has been a rise in the use of gadgets that incorporate micro motors. Such gadgets are for example electric toothbrushes, facial cleansing brushes, hair removal devices and massage devices among others that utilize accurate motor control. These devices use micro motors to achieve predictable performance improvement over conventional manual systems, enhanced reliability and usability. The consumerization of personal care products and the rising movement to automate such products not only focus on the value added through operability and efficient performance but also push the progression of micro motor advancements. Manufacturers then counter with the miniaturization, decoupling, increased efficiency and high precision of the micro motors meeting strict requirements of dedicated personal care devices thereby creating more market for the micro motors in the electronics consumer products.

"Technology advancement and the availability of cost-effective manufacturing techniques to expand the market"

Technological progress and the evolution of cost-effective manufacturing solutions have made micro motors easily accessible and inexpensive, and therefore they can be used in various fields significantly. These tiny motors, previously relegated to niche and high-dollar applications, are now pervasive across industries including consumer electronics, healthcare, robotics and automotive. The new, more efficient motors that are smaller in size have integrated the portable electronics where device volume and power are important. Furthermore, in medical devices, micro motors are used for efficient drug delivery systems and improved surgical tools for minimal invasions to expand treatment effectiveness and client experience. Manufacturing processes have become relatively cheaper and accessible for smaller companies and start-ups to incorporate advanced motorized solutions such as micro motors into their products. Due to this, micro motors are still fostering creativity and their use, paving the way for more developments in the proceedings.

RESTRAINING FACTORS

"Availability of cheaper local variants of micro motors from local manufacturers or unorganized players hinders the market"

The emergence of cheaper local variants of micro motors from local manufacturers or other unorganized players is threatening the micro motor manufacturers based on their competitiveness. These local producers sometimes sell their merchandise at considerably lower prices and access this market of price-sensitive consumers and small-scale manufacturing firms. Thus, well-established firms experience a possible threat of losing market shares despite the superiority and durability of their offers. The availability of cheap and quality items resulted in a change of price strategies and strategies for the original players to either lower their prices or design new means of differentiating from the low-cost competitors. It also poses threats to their profit margins and requires them to manage or contain the effects of these local and unorganized players, thus remodelling a new market landscape and forcing the original manufacturing companies into having to consider very different market conditions.

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MICRO MOTORS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific region influences the market due to increasing industrial automation"

The Asia Pacific region is expected to see a constant surge in the demand for the global micro motors market share mostly due to the growth of industrial automation in the region. Manufacturing and technological growth, especially in automating industries of Asia Pacific regions, automobile engineering, electronics, healthcare equipment and others, is fueling the need for better-motorised components such as micro motors. These motors are useful in various applications involving automation such as conveyor lines, robotics and precision equipment increasing productivity and work efficiency. This demand is economically significant, contributing to the development of micro motor producers and suppliers in the region. Additionally, as the Asian Pacific economies seek improved competitiveness and sustainability in the manufacturing and industrial industries, the functionalities of applying micro motors are bound to advance at a faster rate thus improving technology and economic progress in the region.

KEY INDUSTRY PLAYERS

"Key industry players are increasingly focusing on research and development to improve their product offerings for market expansion"

The key industry players in micro motor industry are concentrating more efforts on the research and development fronts to improve their portfolios and reduce costs effectively to sustain market advantage in a sensitive price point. Through investment in research and development, these industry players aim to develop new micro motor technologies that effectively address the customer needs of product miniaturization, higher efficiency and durability. New technologies involve the creation of efficient motors that use less energy, refining the production techniques to lower cost and improving technologies that control the motors for better performance. Furthermore, ongoing research and development focuses on new technologies and opportunities for penetration into various industries including the automotive sector, consumer electronics, healthcare and industrial control. Through their strategic positioning regarding technological development and constant enhancement of their products, leaders in the industry look to capture and sustain market share and exact maximum advantage of the increasingly expanding international market for micro motors.

List of Market Players Profiled

• Asmo (Japan)
• Nidec (Japan)
• Mitsuba (Japan)
• Mabuchi Motors (Japan)
• Wellings Holdings (China)
• Johnson Electric (Hong Kong)
• ABB (Switzerland)
• Maxon Motor (Switzerland)

INDUSTRIAL DEVELOPMENT

May 2024: Portescap, renowned for over 40 years in aerospace solutions, is set to highlight its micro motor innovations at Eurosatory 2024 in Paris. They offer customizable COTS products for diverse applications, focusing on precision motion solutions crucial for aerospace systems such as flight controls and fuel management. With a research and development presence and AS9100 certification, Portescap emphasizes compact, high-performance designs that meet stringent industry standards, showcasing advancements in motion technology at the event.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.