Automotive Motors Market Analysis, Demand, and Forecast 2023 to 2030 | Ricardo, Brose, Siemens Ag, Buhler Motor

Automotive Motors Market size is projected at USD 19.94 Bn by 2030, The rising production of commercial and passenger vehicles is the driving factor for Automotive Motors market.

The market for automated motors is pushing us toward a future where innovation and efficiency exist with precision and effectiveness. In an increasingly automated world, these amazing machines are the unsung heroes that power innumerable mechanical processes by skilfully coordinating movements and actions.  

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Market Scope:

The Automated Motors Market is prepared to supply innovative technology that not only makes daily tasks but also enables industries to achieve new heights of productivity and dependability as the demand for sophisticated automation solutions rises. The market for automated motors is set to undergo an enormous change due to the combination of cutting-edge technologies and the rising need for sustainability and efficiency. Automated motors have grown into the foundation of the automation revolution, advancing industries toward greater precision and productivity as automation keeps going to alter them.

Opportunity Analysis:

In the rapidly evolving landscape of the Automated Motors Market, opportunity analysis is akin to navigating a bustling metropolis filled with unexplored avenues. This multifaceted industry, characterized by the fusion of automation and mobility, presents a compelling prospect for both established titans and agile startups. The technological tectonics beneath this market's surface, from autonomous vehicles to smart logistics, are orchestrating a symphony of innovation.

Prominent Players

Siemens Ag, Buhler Motor, Calsonic Kansei Corporation, Valeo Sa, Robert Bosch GmbH, Denso Corporation, Johnson Electric Holdings Limited, Nidec Corporation, Ricardo, Brose, Magna International, Mahle GmbH, Borgwarner Inc., Continental AG, Mitsuba Corporation, IFB Automotive, Mabuchi Motors Co. Ltd, and Mitsubishi Electric Corporation are some of the prominent players in the automated motors market.

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Segmentation Analysis:

With more than half of the market, automated motors are most commonly used in industrial automation. The growing need for automation in manufacturing, logistics, and warehousing is expected to propel the market for automated motors in industrial automation, which is projected to expand at a CAGR of 6.8% between 2023 and 2028.

Regional Analysis

Region is the largest market for automated motors, accounting for more than half of the global market. The region's rapid urbanization, rising disposable incomes, and growing demand for EVs are driving growth in the market. China is the largest market in the Asia Pacific region, followed by India and Japan. Europe is the second-largest market for automated motors, accounting for approximately 30% of the global market. The region's stringent emission regulations and growing popularity of EVs are driving growth in the market. Germany is the largest market in the Europe, followed by France and Italy.

Key Takeaways

Automated motors are increasingly being integrated with Artificial Intelligence (AI) and Internet of Things (IoT) technologies to enable predictive maintenance, real-time monitoring, and autonomous decision-making, leading to improved efficiency and reduced downtime.
Automation in motors is driving a significant focus on energy efficiency, with smart motor systems and variable frequency drives (VFDs) helping to optimize energy consumption, reduce carbon footprint, and lower operational costs.
The market is witnessing a shift towards customizable and scalable motor solutions, allowing businesses to adapt and expand their automation processes as needed, promoting flexibility and cost-effectiveness.

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Recent Industry Developments:

BorgWarner has developed a new silicon carbide inverter that is designed to improve the efficiency of electric motors. The inverter is expected to reduce energy losses by up to 20%, which could extend the range of electric vehicles.

Continental AG: Continental AG has developed a new high-voltage traction motor that is designed to be more powerful and compact than previous models. The motor is expected to be used in a variety of electric vehicles, including SUVs and pickup trucks. 

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