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Automotive Micro Motors Market Analysis

  • Report ID: GMI7489
  • Published Date: Nov 2023
  • Report Format: PDF

Automotive Micro Motors Market Analysis

Based on the power consumption, the market is divided into 3V-12V, 12V-24V, 25V-48V and more than 48V. In 2022, The 12V-24V will generate a highest market share for 2022. The demand for 12V-24V automotive micro motors is surging due to their integral role in modern vehicles. These motors power essential power consumptions such as power windows, mirrors, and HVAC systems, contributing to enhanced vehicle functionality. As automotive technologies advance, with a particular emphasis on electric and hybrid vehicles, the need for energy-efficient and compact micro motors has intensified. The transition towards electric platforms, coupled with the growing prevalence of advanced driver assistance systems (ADAS), has led to a higher demand for these voltage-specific micro motors, underscoring their significance in the automotive industry's evolution.
 

Automotive Micro Motors Market Revenue Share, By Motor Type, 2022

Based on the motor type, the automotive micro motors market is categorized into brushed DC motors, brushless DC motors, stepper motors. In 2022, the brushed DC motors segment accounted for a market share of around 40% and is projected to grow by 2032. The demand for Automotive Brushed DC Micro Motors is propelled by their versatility and reliability in various vehicular applications. These motors find extensive use in power windows, seat adjustment systems, and HVAC controls. Their simple design, ease of control, and cost-effectiveness make them particularly suitable for automotive applications.
 

Additionally, their compact size and efficient power delivery meet the demands of modern vehicle designs. As automotive technology continues to evolve, these micro motors remain a key power consumption, contributing to the seamless operation of essential systems within vehicles and sustaining their consistent demand in the automotive industry.
 

North America Automotive Micro Motors Market Revenue, (USD Billion)

North America led the automotive micro motors market with a major share of over 36% in 2022. The region's increasing focus on electric and hybrid vehicles, in line with stringent emission regulations, has propelled the demand for micro motors powering various electric power consumptions. Notably, the United States has witnessed a surge in electric vehicle adoption, with sales reaching 600,000 units in 2021, a substantial increase from previous years.
 

Additionally, major automakers are investing in North America to establish electric vehicle manufacturing facilities, contributing to the growing need for advanced micro motors. This expansion aligns with the region's commitment to sustainable mobility solutions, fostering a robust market for automotive micro motors.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Automotive micro motors industry was valued at USD 16.4 billion in 2022 and is projected to witness a CAGR of over 4% by 2032, owing to stringent regulations on fuel efficiency and emission standards.

The brushed DC motors segment accounted for a market share of around 40% in 2022 and is projected to grow swiftly through 2032 owing to their versatility and reliability in various vehicular applications.

What factors are pushing the growth of North America automotive micro motors industry?

AMETEK Inc., Buhler Motor GmbH, Johnson Electric Holdings Limited, Mabuchi Motor, Maxon Motors AG are some of the major industry contenders.

Automotive Micro Motors Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 278
  • Countries covered: 20
  • Pages: 200
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