What is Global Automotive Micro Motor Market?
The Global Automotive Micro Motor Market is a vast and dynamic sector that plays a crucial role in the automotive industry. These micro motors, which are essentially miniature electric motors, are used in a variety of automotive applications, including power windows, mirrors, seats, and sunroofs, among others. They are also used in HVAC systems, fuel pumps, and power steering systems. The market's value was estimated to be US$ 14980 million in 2022, and it is projected to grow to US$ 18750 million by 2029. This represents a compound annual growth rate (CAGR) of 2.8% from 2023 to 2029. The market's growth is driven by several factors, including the increasing demand for comfort and convenience features in vehicles, the growing adoption of electric vehicles, and the rising need for fuel-efficient systems. However, the market also faces several challenges, such as the high cost of micro motors and the technical issues related to their integration into automotive systems. Despite these challenges, the market offers several opportunities for growth, such as the development of advanced micro motors and the increasing use of these motors in autonomous vehicles.
Brushed DC Motor, Brushless DC Motor in the Global Automotive Micro Motor Market:
In the Global Automotive Micro Motor Market, two types of motors are predominantly used: Brushed DC Motor and Brushless DC Motor. The Brushed DC Motor is the most widely used type, accounting for about 98% of the market. These motors are known for their simplicity, reliability, and cost-effectiveness. They are used in a variety of automotive applications, including power windows, mirrors, and seats. However, they have some drawbacks, such as the need for regular maintenance and the generation of electrical and acoustic noise. On the other hand, Brushless DC Motors, which account for about 2% of the market, are gaining popularity due to their advantages over brushed motors. These motors are more efficient, quieter, and require less maintenance. They are also capable of providing more torque and speed than brushed motors. However, they are more expensive and require complex control electronics. Despite these challenges, the use of brushless DC motors in automotive applications is expected to increase in the future, driven by the growing demand for efficient and reliable systems.
Passenger Car, Commercial Vehicle in the Global Automotive Micro Motor Market:
The Global Automotive Micro Motor Market serves two main types of vehicles: Passenger Cars and Commercial Vehicles. In Passenger Cars, micro motors are used in a variety of applications, including power windows, mirrors, seats, and sunroofs. They are also used in HVAC systems, fuel pumps, and power steering systems. The demand for these motors in passenger cars is driven by the increasing demand for comfort and convenience features, the growing adoption of electric vehicles, and the rising need for fuel-efficient systems. In Commercial Vehicles, micro motors are used in applications such as power windows and mirrors, HVAC systems, and power steering systems. The demand for these motors in commercial vehicles is driven by the need for reliable and efficient systems, the increasing adoption of electric vehicles, and the growing demand for comfort and convenience features. However, the market also faces several challenges in both types of vehicles, such as the high cost of micro motors and the technical issues related to their integration into automotive systems.
Global Automotive Micro Motor Market Outlook:
To recap the market outlook, the Global Automotive Micro Motor Market was valued at US$ 14980 million in 2022. It is projected to grow at a CAGR of 2.8% from 2023 to 2029, reaching a value of US$ 18750 million by 2029. The market is dominated by the Brushed DC Motor segment, which accounts for about 98% of the market. The Brushless DC Motor segment, although smaller in comparison, holds about 2% of the market. The growth of the market is driven by several factors, including the increasing demand for comfort and convenience features in vehicles, the growing adoption of electric vehicles, and the rising need for fuel-efficient systems. However, the market also faces several challenges, such as the high cost of micro motors and the technical issues related to their integration into automotive systems. Despite these challenges, the market offers several opportunities for growth, such as the development of advanced micro motors and the increasing use of these motors in autonomous vehicles.
| Report Metric | Details |
| Report Name | Automotive Micro Motor Market |
| Accounted market size in 2023 | US$ 15880 million |
| Forecasted market size in 2029 | US$ 18750 million |
| CAGR | 2.8 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Asmo (Denso), Johnson Electric, NIDEC, Bosch, Mitsuba, Brose, Mabuchi Motors, Valeo, DY Corporation, LG Innotek, MinebeaMitsumi, ShengHuaBo, Keyang Electric Machinery, Buhler Motor, Shanghai SIIC Transportation, Igarashi Motors India, Kitashiba Electric |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
