Automotive Micro Motors Market Trends

Automotive Micro Motors Market Trends

The increasing focus on electric and autonomous vehicles, the demand for micro motors is expected to rise. The latest edition of the Global Electric Vehicle Outlook reveals that over 10 million electric cars were sold globally in 2022. Anticipating a 35% increase in sales for the current year, the projection stands at reaching 14 million electric vehicle sales in 2023. This remarkable growth has elevated the electric cars' market share from approximately 4% in 2020 to 14% in 2022, with expectations to rise to 18% this year, according to the most recent IEA forecasts.
 

Micro motors play a crucial role in various power consumptions of electric vehicles, such as power steering, electric windows, and HVAC systems. Additionally, as autonomous driving technologies advance, micro motors will be integrated into systems like advanced driver assistance systems (ADAS) and autonomous vehicle controls.