Micro Motor Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment; 2017 – 2027

Micro motors are small motors used in automotive, medical, automation, construction, etc. to provide mechanical movements such as rolling, contraction, delivery, shuttling, and rotation. Attributing to development in advanced technology, high-performance micro motors and micromachining techniques helps to manufacture electrical motors in micro scale. The automatic air vent movement feature avoids damages such as corrosion, and air pockets in radiators, by allowing passage of air in water distribution pipes. This feature, along with seat adjustment, and rear mirror control are expected to generate a strong demand for micro motors and stimulate their mass production. In terms of application, the automotive segment is expected to register significant growth over the forecast period owing to demand for safety & comfort, electronic climate control with vent movement, seat adjustment, and fingertip ring mirror control features. Other than this, a micro motor provides a power source to power the horizontal, straight line, and circular movement required for changes in the location of headrests and backrests, for headlamp washing, in car door locks, cooling fan rotation, etc.

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The car motor uses a permanent magnet with ingredients, such as boron, iron, and neodymium, which provide a magnetic property nearly 2-10 times than that of ordinary ferromagnetic materials. Small size, light weight, large power, and high efficiency are some of the features exhibited by a permanent magnet, as compared to an ordinary one. Furthermore, owing to strong demand from 3D printing and medical equipment, the global micro motor market is expected to expand at a healthy CAGR over the forecast period.

Micro Motor Market: Dynamics

Drivers:

Easy to operate features powered by micro motors in a car allow the automotive industry to incorporate luxury with amenity, which is expected to drive the global micro motor market over the forecast period. Furthermore, strong demand for micro motors in medical and lab automation for telemedicine robots, endoscopy surgical precision, robotic biopsy system, infusion pumps, solution mixers, ultrasound transducer, etc. are expected to fuel the micro motor market and lead to significant growth during the forecast period. Moreover, increasing mining, construction, automobile, and health care centers are expected to act as growth factors for the global micro motor market. Economic effectiveness and longevity of micro motors is expected to increase demand for the micro motor market over the forecast period.

Restraints:

Few unauthorized, fake, or counterfeit parts available in the market, which are not genuine may hamper growth of the global micro motor market over the forecast period. Moreover, low precision output by man-made micro motors is expected to dampen growth of the global micro motor market over the forecast period.

Micro Motor Market: Segmentation

The global micro motor market can be segmented on the basis of application, type, technology, and sales channel. On the basis of application, the global micro motor market can be segmented as automotive, aircraft, 3D printing, construction equipment, industrial automation, medical equipment, and others. On the basis of type, the global micro motor market can be segmented as AC motor and DC motor. On the basis of technology, the global micro motor market can be segmented as brushed motor and brushless motor. On the basis of sales channel, the global micro motor market can be segmented as Original Equipment Manufacturer (OEM) and aftermarket.

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Micro Motor Market: Market Participants

Examples of some of the market participants in the global micro motor market are:

Dr. Fritz Faulhaber Gmbh & Co.

Risun Expanse Corp.

Citizen Micro Co,.Ltd.

Kin Yat Holdings Ltd.

Lunar Motors Pvt. Ltd.

Piezomotor

Arun Microelectronics Ltd.

Zhengke

Shenzhen Zhaowei Machinery & Electronics Co. Ltd.

Foshan Shunde Hengxing Micro-Motor Co., Ltd.

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