Brushless DC Motor Market Analysis
Based on the type, the market is segmented into inner rotor and outer rotor. The inner rotor segment accounted for 55% of the market share in 2023.
- Inner rotor brushless DC motors with higher power density are in high demand as they enable more compact and lightweight designs while maintaining or improving performance. This trend is particularly significant in applications, such as EVs, drones, and portable electronics, where space and weight constraints are critical. For instance, in December 2023, Renesas Electronics Corporation unveiled an advancement in motor driver technology with the introduction of a family of motor driver ICs for brushless DC motor applications. Renesas' new motor driver ICs implement innovative technologies that enable full torque at zero speed from motors without sensors. This advancement is particularly significant for applications involving inner rotor brushless DC motors, where precise control and torque delivery are crucial.
Based on the end user, the brushless DC motor market is divided into consumer electronics, automotive, manufacturing, medical device, industrial machinery, and others. The automotive segment is set to register a CAGR of over 10% during the forecast period.
- With the rising trend toward vehicle electrification and autonomous driving technologies, there is a growing demand for brushless DC motors to power electric propulsion systems including traction motors for EVs and Hybrid Electric Vehicles (HEVs). These motors offer high efficiency, compact size, and precise control, making them ideal for electric propulsion applications. For instance, in March 2023, ABB launched the new Baldor-Reliance EC Titanium motor, setting a new standard for efficiency and performance in the automotive segment's market. While initially designed for industrial applications, the innovative features of the EC Titanium motor have significant implications for automotive use.
Asia Pacific brushless DC motor market is poised to expand at 9% CAGR from 2024 to 2032. Asia Pacific is a global manufacturing hub for various sectors including electronics, automotive, consumer goods, and industrial machinery. The region's robust manufacturing infrastructure and supply chain networks make it a favorable destination to produce brushless DC motors and other related components, thereby boosting market expansion.