Micromotor Market by Application (Automotive, Medical Equipment System, Industrial Automation, Construction & Mining Equipment, Agriculture Equipment System), Type, Technology, Power Consumption & Region - Global Forecast to 2028
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Generating Response ...[248 Pages Report] The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. The micromotor market is being propelled by a range of factors, such as the desire for miniaturization of devices, the upsurge in demand for medical implants, the advancement of manufacturing technology, the augmented adoption of automation and robotics, and the escalating demand for electric vehicles. The growth of the micromotor market is predicted to persist in the future due to the increasing demand for motors that are smaller, more efficient, and more precise. Additionally, with technology advancement and the availability of cost-effective manufacturing techniques, micromotors have become more extensively available and affordable, making them ideal for diverse applications in numerous industries.
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Market Dynamics
DRIVER: Growing trend of industrial automation
The demand for micromotors is being driven by the increasing trend of automation in different industrial processes. To stay competitive in the market, manufacturing industries are focusing on optimizing resources, reducing waste, and increasing productivity. Industrial control and factory automation have become imperative for industries with low profitability, such as oil & gas, metal, and packaging. The automotive industry also requires precise assembly to avoid manufacturing defects that result in enormous losses. To achieve this, factory automation devices and equipment such as 5-axis CNC systems, automated testing probes, custom conveyor belts, pick-and-place machines, and robotic welding require numerous micromotors. The use of factory automation is mostly seen in the manufacturing industry to ensure quick turnaround and precise assembly. Many countries, including the US, Germany, China, Italy, and South Korea, have high levels of factory automation. The trend towards automation in different industrial processes is expected to drive the demand for micromotors in the forecast period, as they provide the speed, precision, and control required for modern manufacturing processes.
RESTRAINT: High cost of advanced technologies and services in micromotor production.
Producing micromotors involves using advanced technologies and specialized manufacturing processes that can be costly to develop and maintain. The industry also requires the use of advanced materials, which further increases the costs. Besides, the demand for micromotors is often small compared to other industrial products, making it challenging to achieve economies of scale and keep costs low. This is especially true for specialized micromotors that cater to niche applications, where significant customization and development are necessary, leading to even higher costs.
OPPORTUNITY: Rising advancements in medical equipment
The micromotor market is driven by several factors, including the increasing technological advancements in medical equipment. With the growing rates of chronic diseases and healthcare costs, there is a growing demand for advanced medical devices that are more precise and accurate. Micromotors play a crucial role in meeting this demand since they are used in various medical devices, such as surgical robots, implantable technology, dental handpieces, and diagnostic tools. Furthermore, the ability to incorporate micromotors into compact and portable medical devices has also contributed to their growing demand in the medical sector. For example, dental clinics have developed miniaturized and lightweight motors that can be easily carried around. Dental micromotors, which are low-speed motors connected to handpieces, contra-angles, and hose pieces, have made treating teeth easier and more efficient.
CHALLENGE: Availability of inferior products in local markets at lower prices
Organized suppliers are increasingly concerned about the availability of low-quality, locally made micromotors in the market. Although these micromotors are cheaper, they may not meet the required OEM specifications and can lead to various issues such as reduced durability, inferior performance, and even potential health risks. As the Asian region, particularly China, is the largest producer of such micromotors, it raises concerns about fraudulent manufacturing practices such as replicating patented or copyrighted products, altering the original product, or misrepresenting its properties. This situation poses a significant challenge to the micromotor market, impacting its share and profitability. To overcome this challenge, micromotor manufacturers can establish strategic partnerships with OEMs and other end-use industry players. These partnerships can include agreements on delivery schedules, pricing, and quality control measures to ensure that the micromotors meet OEMs' requirements. Additionally, major micromotor manufacturers can collaborate with regional administrations and business associations to create policies and initiatives that promote the growth of regional motor manufacturing sectors. This can help reduce reliance on imports and increase the availability of motors in local markets while maintaining quality standards.
Micromotor Market Ecosystem.
The major players of the micromotor market have latest technologies, diversified portfolios, and strong distribution networks globally. The major players in the micromotor market are MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), Maxon (Switzerland) and Constar Micromotor Co., Ltd. (China).
AC type motor segment is predicted to be the fastest growing in the micromotor market
The micromotor segment is expected to experience a surge in demand for AC type motors, primarily due to their superior performance and energy efficiency. Compared to DC motors, AC motors have a simpler design and fewer moving parts, making them more dependable and long-lasting. Moreover, AC motors can operate at higher speeds and with lower power consumption, which is critical for applications that require accurate control and minimal energy usage. They are also better suited for use in industrial and commercial settings, such as compressors, pumps, and HVAC systems, where they can provide efficient and consistent operation. Consequently, the demand for AC micromotors is predicted to increase in the foreseeable future, fueled by the growing adoption of sophisticated automation and control systems across various industries.
>48V power consumtion segment to be the fastest growing segment in the micromotor market
Micromotors that operate at voltages higher than 48 volts are expected to see a surge in demand in the coming years. These micromotors are utilized in applications that require high power output, energy efficiency, precision, durability, and other advanced features. They are frequently employed in heavy-duty industrial machinery, such as conveyors, cranes, and large-scale manufacturing equipment, where high power and durability are critical. Furthermore, micromotors with more than 48 volts are increasingly utilized in the aerospace industry, including aircraft actuation systems, missile guidance systems, and unmanned aerial vehicles (UAVs), where high speed, precision, and reliability are essential. They are also used in aircraft flap and landing gear systems, where high torque and sustainability are critical.
Portable Devices is expected to be lead the medical equipment system segment for micromotors, by application.
The healthcare industry has undergone a significant transformation through the development of portable medical devices, which allow medical professionals to provide high-quality care beyond conventional medical settings. These devices have the potential to reduce hospitalization rates and improve patient outcomes by facilitating early disease detection and reducing healthcare costs. Micromotors have revolutionized surgical procedures, allowing surgeons to control surgical instruments with greater precision, resulting in less invasive and more effective procedures. Portable medical devices are compact and easy-to-use medical instruments and equipment that can be transported and used in various settings, such as ambulances, clinics, homes, and remote locations. Micromotors are increasingly being used in portable medical devices for drug delivery, surgery, and diagnostics.
Asia Pacific is the largest market for micromotors.
Asia Pacific is the largest market for micromotors, where China, India and Japan lead with market demand with nearly 78% in 2023. The leading market position of these countries in Asia Pacific is mainly due to higher demand coming from increasing automation in industrial processes, growth of medical equipment production, rise in and automobile sales. Other countries, such as South Korea, Singapore and Thailand, are experiencing increased demand in recent years. Furthermore, the rising adoption of Industry 4.0 and automation is driving the demand for micromotors in the region. The increasing adoption of automation and robotics in industries such as automotive, electronics, and manufacturing is leading to a rise in demand for efficient and precise micromotors. The region is also witnessing a growing demand for electric vehicles, which is driving the demand for micromotors.
Some of the major players are MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), DENSO Coporation (Japan) and Constar Micromotor Co., Ltd. (China)
Key Market Players
The micrmotor market is moderately fragmented market. MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), Maxon (Switzerland) and Constar Micromotor Co., Ltd. (China) are the key companies operating in the micromotor market.
These companies adopted new product launches, partnerships, and joint ventures to gain traction in the micromotor market.
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Report Metric |
Details |
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Market size available for years |
2018–2028 |
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Base year considered |
2022 |
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Forecast period |
2023–2028 |
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Forecast units |
Volume (Million Units) and Value (USD Million/Billion) |
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Segments covered |
By application, type, technology, power consumption and region. |
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Geographies covered |
Asia Pacific, North America, Europe, and the Rest of the World |
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Companies covered |
MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), Maxon (Switzerland) and Constar Micromotor Co., Ltd. (China) |
Along with the given market data, MarketsandMarkets offers customizations in accordance with the company’s specific needs.
The study segments the micromotor market:
By Application
- Automotive
- Medical Equipment System
- Industrial Automation
- Aircraft Systems
- Construction & Mining
- Agriculture Equipment System
- 3D Printer System
By Type
- AC Motor
- DC Motor
By Technology
- Brushed
- Brushless
By Power Consumption
- <11V
- 12–24V
- 25-48V
- >48 KW
By Region
- Asia Pacific
- North America
- Europe
- Rest of the World
Recent Developments
- In February 2023, Mabuchi Motor Co., Ltd. launched a new range of DC brushless motors with features like an enhanced lineup, waterproof structure, and reduced vibrations. These motors can be used in speed reducers, electromagnetic brakes, and drive units.
- In December 2022, Nidec Corporation launched a single-phase brushless DC motor for electric fans. This newly developed motor costs less than traditional three-phase brushless DC motors while offering high energy efficiency, controllability, and other benefits.
- In August 2022, Johnson Electric Holdings Limited launched a steering wheel adjuster motor, which allows a comfortable drive experience for drivers with an appropriate driving posture. This automatic steering wheel adjuster motor offers optimum linear and height adjustments. The “intelligent mode,” which features “welcome mode” and “one-button switching mode,” helps the driver achieve the most comfortable driving posture.
- In March 2022, Nidec Corporation developed Slider, a thin linear vibration motor used in smartphones and smartwatches. The vibrations are used to notify users about incoming messages or calls on the device.
- In August 2021, Johnson Electric Holdings Limited launched the ECI-040 brushless DC motor platform. The product accepts direct mains AC power through the controller as input to simplify integration. The electronically commutated motor also offers better controllability, greater reliability, greater efficiency, and reduced noise. The motor offers strong and consistent torque output that is suitable for a variety of applications, such as window shutters, intelligent furniture, and coffee makers.
Frequently Asked Questions (FAQ):
What is the current size of the global micromotor market?
The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8%.
Which application type is currently leading the micromotor market?
Industrial Automation application type is leading in the micromotor market.
Many companies are operating in the micromotor market space across the globe. Do you know who are the front leaders, and what strategies have been adopted by them?
The micrmotor market is moderately fragmented market. MITSUBA Corporation (Japan), Nidec Corporation (Japan), Johnson Electric Holdings Limited (China), Mabuchi Motor Co., Ltd. (Japan), Maxon (Switzerland) and Constar Micromotor Co., Ltd. (China) are the key companies operating in the micromotor market.
How is the demand for a micromotor varies by region?
Asia Pacifc is estimated to be the largest market for the micromotor during the forecast period, followed by North America. The growth of the micromotor market in Asia Pacific is mainly attributed to the higher demand from the China, Japan and India.
What are the growth opportunities for the micromotor supplier?
Advancements in medical equipment, rise in automation, growth of aerospace industry, and increase of EV demand would create growth opportunities for the micromotor market. Also, the development of brushless DC motors technology in micromotor can create growth opportunities for the micromotor market.
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The study involved four major activities in estimating the current size of the micromotor market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. The top-down approache was employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments..
Secondary Research
Secondary sources referred to for this research study include financial statements of companies offering micromotor and information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the C4ISR market, which was validated by primary respondents.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as CXOs; vice presidents; directors from business development, marketing, and product development/innovation teams; and related key executives from various key companies. Various system integrators, industry associations, independent consultants/industry veterans, and key opinion leaders were also interviewed.
Primary interviews were conducted to gather insights such as micromotor market forecast, current technology trends, and upcoming technologies in the micromotor market. Data triangulation of all these points was carried out with the information gathered from secondary research. Stakeholders from the supply side were interviewed to understand their views on the points mentioned above.
Primary interviews were conducted with market experts from the supply side (micromotor manufacturers) across the major regions, namely, Asia Pacific, Europe, and North America. Primary data was collected through questionnaires, emails, and telephonic interviews.
In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales and operations, to provide a holistic viewpoint in our report. After interacting with industry experts, we have also conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
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Market Size Estimation
The research methodology used to estimate the size of the micromotor market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in the automotive industry, medical industry, aerospace industry, and other such industries at a regional level. Such procurements provide information on the demand aspects of micromotors in each industry.
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Global Micromotor Market Size: Top-Down Approach, By Application
Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market. was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market. engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Micromotors are small and compact electromechanical components that convert electrical energy into mechanical energy. These motors can generate a maximum power output of 2.5-3 watts and are made up of lightweight materials to improve the power-to-weight ratio.
Key Stakeholders
- Senior Management
- End User Finance/Procurement Department
- R&D Department
Report Objectives
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To define, describe, and forecast the micromotor market in terms of value (USD billion) and volume (million units) based on the following segments:
- Automotive Micromotor Market, By Application (Power Windows, Power Mirrors, Wiper Motors, Infotainment Systems, Lighting, Door Locks, HVAC, Fuel Injection Systems, Power Seats, and Adjustable Shock Absorbers)
- Medical Equipment System Micromotor Market, By Application (Portable Devices, Powered Surgical Equipment, Lab Automation, and Dental Systems & Equipment)
- Micromotor Market, By Industry (Industrial Automation, Aircraft Systems, Agriculture Equipment System, Construction & Mining Equipment, and 3D Printer System)
- By Type (AC Motor and DC Motor)
- By Technology (Brushed and Brushless)
- By Power Consumption (<11 V, 12–24 V, 25–48 V, and >48 V)
- By Region (Asia Pacific, Europe, North America, and the Rest of the World)
- To understand the dynamics (drivers, restraints, opportunities, and challenges) of the market
- To analyze the market share of leading players and evaluate the competitive evaluation quadrant
- To analyze the key player strategies/right to win
- To strategically analyze the market with Porter’s five forces analysis, supply chain analysis, market ecosystem, technology trends, and recession impact
- To analyze recent developments, including supply contracts, new product launches, expansions, and mergers & acquisitions, undertaken by key industry participants in the market
- To determine an aftermarket overview of the micromotor market
- To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Micromotor market for aerospace industry by application
- Micromotor market for other applications
- Micromotor market for medical equipment systems by individual application segment
- Micromotor market for construction and mining equipment by application
- Micromotor market for office devices
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the Micromotor Market
Growth opportunities and latent adjacency in Micromotor Market
I am considering buying this report and would like to better understand the definition of micro motor. What is the specific definition of micro motor? Also, are both servo and stepper motors included in the micro motor categories? is there any differentiation between them in the report.