Micro Motor Market : Growth, Demand and Key Players to 2028

About the Global Micro Motor Market Report

According to a recently released intelligence outlook, the global micro motor market revenue will possibly exhibit 4.4% CAGR over 2017-2022, approaching the valuation of US$ 38 Bn by 2022 end. The report uncovers all aspects of the global micro motor market and offers analysis of micro motor market performance over the said timeline.

Product Definition: Micro Motor Market

Micro motors, as the term suggests, are miniaturized motors that are widely used by various end use verticals for mobility applications. Portability, high energy efficiency, and vibration alert notification are among the key attributes of micro motors that enable it to be considered as a better alternative to conventional small-sized motors.

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Competitive Landscape Analysis: Global Micro Motor Market

ABB Ltd., Mabuchi Motor Co. Ltd., Johnson Electric Holdings Limited, Mitsuba Corp., Wellings Holdings Ltd., Constar Micromotor Co. Ltd., Nidec Corporation, Maxon Motors AG, Buhler Motors GmbH., and Asmo Co. Ltd. are among the leading players participating in the competitive space of the global micro motor market. The report offers an extensive analysis of the company profiles, market shares, recent developmental strategies, and current and prospected financial performance.

In the backdrop of the latest industry trends, a majority of competitors in the global micro motor market are investing their efforts in developing micro motors for a plethora of disposable medical devices, experimenting affordable automation of routine industrial tasks, and exploring micro motor applicability in consumer products. Key players are proactively taking steps to adapt to evolving globalization pressures by concentrating on reliability and accuracy through high-throughput manufacturing.

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Ascending Significance of Automotive Safety to Translate into Steadily Growing Micro Motor Sales

With soaring automotive production, the demand for active and passive vehicular safety systems is also witnessing a constant rise over the past decade. Emergency braking systems, night vision systems, seat belts, airbags, and anti-lock braking systems include some of the most prominent automotive components contributing a significant share to the micro motor market revenue. Advancing technologies in the drive-by-wire such as brake-by-wire, shift-by-wire, steer-by-wire, and electronic throttle control (ETC) will also sustain the growth of micro motor market. Furthermore, escalating adoption of in-wheel micro drive systems is expected to specifically favor the sales of high-torque micro motor in the near future.

Micro Motor Market Players to Explore New Opportunities Provided by EV Manufacturers

Brushless DC micro motor has been observing robust expansion with growing popularity of electric vehicles (EVs) over the recent past. The latest example of the deployment of brushless DC micro motor is the new M3 smart module platform - SQUIGGLE motor - developed with the new scale technologies. This piezoelectric micro motor is highly compact in size and is being considered to be breakthrough innovation in the micro motor space. Developed with an objective to achieve high performance, this and more such innovations are likely to improve the prospects for micro motor market in the near future.

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Booming Automation at Research Laboratories to Boost Micro Motor Market

Besides in-vitro medical diagnostic centers, laboratories are increasingly adopting automation process - pushing the demand for micro motors. Automation in analytical laboratories, though not a new concept, is majorly dependent on the functioning of micro motors. When volumes of samples are due for rapid testing and faster results, laboratories opt for operational automation with the help of micro motor delivers high throughput at relatively lower costs. Moreover, the probability of manual error is completely eliminated, which will remain a key factor driving demand for micro motor driven automation. Manufacturers in micro motor market serving pharmaceutical, molecular biology, food technology, and chemical testing laboratories are focusing on incorporating high precision and dynamics for smoother operations.

Table of Content Covered in the report are:

Chapter 1. Global Micro Motor Market - Executive Summary. 27

Chapter 2. Global Micro Motor Market Overview. 29
2.1. Introduction. 29
2.1.1. Global Micro Motor Market Taxonomy. 29
2.1.2. Global Micro Motor Market Definition. 29
2.2. Global Micro Motor Market Size (US$ Mn) and Forecast, 2012-2022. 30
2.2.1. Global Micro Motor Market Y-o-Y Growth. 30
2.3. Global Micro Motor Market: Macroeconomic Factors. 30
2.3.1. Economic Outlook. 30
2.3.2. International Policy. 31
2.3.3. Profitability of Enterprises. 31
2.3.4. Increasing Purchasing Power of Middle Class. 31
2.3.5. Complex Eco System. 31
2.3.6. Supply chain Issues. 32
2.3.7. End-user Sentiment. 32

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2.4. Global Micro Motor Market Impact Factors. 32
2.4.1. Autonomous Vehicles. 32
2.4.2. The Influence of China. 32
2.4.3. Innovations in Technology. 33
2.4.4. Dilemma on Shift to New Technologies. 33
2.4.5. Disruption in Traditional Business Models. 33
2.4.6. Rising Component Costs in Developing Countries. 33
2.4.7. Shrinking Product Development Time. 34
2.4.8. Fluctuating Input costs. 34
2.4.9. Adoption of New Mobility Solutions. 34
2.4.10. Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis. 35
2.4.11. Rising Complexity Influencing Greater Emphasis on Platformimg. 35
2.4.12. Increasing R&D expenditure. 35
2.4.13. Trends. 36
2.4.13.1. Focus on Granular Insights – City-wise Analysis will Replace Region-wise Analysis. 36
2.4.13.2. Rising Complexity Influencing Greater Emphasis on Platforming. 36
2.5. Supply Chain. 37
2.6. Cost Structure. 37
2.7. Pricing Analysis. 37
2.8. Raw Material Sourcing Strategy and Analysis. 38
2.9. List of Distributors. 38
2.10. Key Participants Market Presence (Intensity Map) By Region. 38

Chapter 3. Global Micro Motor Market Analysis and Forecast By Product Type. 39
3.1. Global Micro Motor Market Size and Forecast By Product Type, 2012-2022. 39
3.1.1. DC Micro Motor Market Size and Forecast, 2012-2022. 39
3.1.1.1. Revenue (US$ Mn) Comparison, By Region. 39
3.1.1.2. Market Share Comparison, By Region. 40
3.1.1.3. Y-o-Y growth Comparison, By Region. 41
3.1.2. AC Micro Motor Market Size and Forecast, 2012-2022. 42
3.1.2.1. Revenue (US$ Mn) Comparison, By Region. 42
3.1.2.2. Market Share Comparison, By Region. 43
3.1.2.3. Y-o-Y growth Comparison, By Region. 44

Chapter 4. Global Micro Motor Market Analysis and Forecast By Power Consumption. 45
4.1. Global Micro Motor Market Size and Forecast By Power Consumption, 2012-2022. 45
4.1.1. Less than 12V Micro Motor Market Size and Forecast, 2012-2022. 45
4.1.1.1. Revenue (US$ Mn) Comparison, By Region. 45
4.1.1.2. Market Share Comparison, By Region. 46
4.1.1.3. Y-o-Y growth Comparison, By Region. 47
4.1.2. 12V-48V Micro Motor Market Size and Forecast, 2012-2022. 48
4.1.2.1. Revenue (US$ Mn) Comparison, By Region. 48
4.1.2.2. Market Share Comparison, By Region. 49
4.1.2.3. Y-o-Y growth Comparison, By Region. 50
4.1.3. More than 48V Micro Motor Market Size and Forecast, 2012-2022. 51
4.1.3.1. Revenue (US$ Mn) Comparison, By Region. 51
4.1.3.2. Market Share Comparison, By Region. 52
4.1.3.3. Y-o-Y growth Comparison, By Region. 53

Chapter 5. Global Micro Motor Market Analysis and Forecast By Application. 54
5.1. Global Micro Motor Market Size and Forecast By Application, 2012-2022. 54
5.1.1. Automotive Micro Motor Market Size and Forecast, 2012-2022. 54
5.1.1.1. Revenue (US$ Mn) Comparison, By Region. 54
5.1.1.2. Market Share Comparison, By Region. 55
5.1.1.3. Y-o-Y growth Comparison, By Region. 56
5.1.2. Medical Equipment Systems Micro Motor Market Size and Forecast, 2012-2022. 57
5.1.2.1. Revenue (US$ Mn) Comparison, By Region. 57
5.1.2.2. Market Share Comparison, By Region. 58
5.1.2.3. Y-o-Y growth Comparison, By Region. 59
5.1.3. Industry Automation Micro Motor Market Size and Forecast, 2012-2022. 60
5.1.3.1. Revenue (US$ Mn) Comparison, By Region. 60
5.1.3.2. Market Share Comparison, By Region. 61
5.1.3.3. Y-o-Y growth Comparison, By Region. 62
5.1.4. Agriculture Equipment System Micro Motor Market Size and Forecast, 2012-2022. 63
5.1.4.1. Revenue (US$ Mn) Comparison, By Region. 63
5.1.4.2. Market Share Comparison, By Region. 64
5.1.4.3. Y-o-Y growth Comparison, By Region. 65
5.1.5. Aircraft Systems Micro Motor Market Size and Forecast, 2012-2022. 66
5.1.5.1. Revenue (US$ Mn) Comparison, By Region. 66
5.1.5.2. Market Share Comparison, By Region. 67
5.1.5.3. Y-o-Y growth Comparison, By Region. 68
5.1.6. Construction & Mining Equipment Systems Micro Motor Market Size and Forecast, 2012-2022. 69
5.1.6.1. Revenue (US$ Mn) Comparison, By Region. 69
5.1.6.2. Market Share Comparison, By Region. 70
5.1.6.3. Y-o-Y growth Comparison, By Region. 71
5.1.7. 3D Printing Micro Motor Market Size and Forecast, 2012-2022. 72
5.1.7.1. Revenue (US$ Mn) Comparison, By Region. 72
5.1.7.2. Market Share Comparison, By Region. 73
5.1.7.3. Y-o-Y growth Comparison, By Region. 74

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