By 2032, The Global Micro Motor Market Is Projected to Reach a Market Size of US$ 58 Bn

The global micro motor market is projected to expand steadily at a value CAGR of 4.6%, during the forecast period 2022-2032. In the year 2022, the market size is projected to expand and gain a global market valuation of US$ 36 Bn. Considering this steady growth along with the booming demand in the global market, the micro motor market is expected to reach US$ 58 Bn by 2032.
The micro motor transforms electrical energy into mechanical power. Electric shavers, fans, toothbrushes, pumps, robots, windshield scrubbers, and other devices all utilize micro motors in various ways. Healthcare, pharmaceuticals, robotics, automotive, and other sectors all use micromotors. Voltage sizes ranging from 1 V to 60 V are offered. It is compact, light, and has a strong torque. Micromotors are increasingly being used in industrial applications because to their high torque, high efficiency, exceptional controllability, durability, and dependability qualities. One of the main drivers of market expansion is a rise in demand for micro motors from uses in electric cars, HVAC, and robotics technology.

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What is the outlook of the U.S Micro Motor Market?

Use of Micro Motors in the Air Force will boost the market demand
The US market will be the most lucrative market for micro motors during the forecast period. As per Fact.MR, the U.S market is expected to gain a market share of 45% in 2022. The micro motor industry is expected to grow to US$ 5.8 Bn in the U.S by 2022.
Due to its developed end-use sectors and infrastructure, the U.S. is one of the major nations responsible for creating demand. The use of drones in the US air force and other defense systems will bolster the demand for micro motors in the region. By the end of 2032, the U.S. is anticipated to hold close to 84% of the North American market. This market is also anticipated to grow with a 5.1% CAGR during 2022-2032.

Key Segments Covered In the Micro Motor Market Report

By Product :
• DC Micro Motors
• AC Micro Motors
By Power Consumption :
• Less than 12v
• 12v-48v
• More than 48v
By Application :
• Automotive
• Medical Equipment Systems
• Industry Automation
• Agriculture Equipment System
• Aircraft Systems
• Construction & Mining Equipment Systems
• 3D Printing
By Technology :
• Brushed
• Brushless
By Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• Middle East Africa

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How is increasing demand for Aircraft Systems supporting Micro Motors Uptake?

Drones are used for surveillance and monitoring activities
Drone demand is continuously increasing due to a variety of uses. Drones are among the greatest pieces of surveillance technology, as has been demonstrated repeatedly in the past in a variety of contexts. Drones, which may be used for a variety of tasks including surveillance and monitoring are widely used by the military and the defense sector.
Due to their great efficiency and comparably shorter delivery times than traditional ways, drones have been widely used for freight deliveries. This enables drones to be used for freight loading to a greater extent. Drones are widely used in a variety of industries to transport things like meals and packages.
High RPM motors are popular because of their effectiveness and versatility. For their unique needs, several sectors, like drones and aviation, need high RPM motors. Micro motor sales are expected to grow rapidly during the next ten years as a result of the expansion of the drone and aviation systems markets.

Competitive Landscape

Major businesses appear to be particularly interested in partnerships, capacity growth, acquisitions, and creating international selling and distribution networks.
• Nidec stated in 2021 that it has purchased shares in Mitsubishi Heavy Industries Machine Tool Co., Ltd. Nidec's core companies and strategy are complemented by the purchase of the machine tool industry. Through its affiliate, Nidec-Shimpo Corporation, Nidec has been actively involved in the production, sales, and services related to reduction gearboxes and pressing machines. Mitsubishi Heavy Industries Machine Tool will become Nidec-third Shimpo's primary business after the transaction is complete.
• The Maxon Group grew its footprint in France in 2021. In Beynost, close to Lyon, the firm is spending EUR 10 million in a new Innovation and Production Center. In order to achieve this, Maxon France intends to broaden the application of French expertise in mechatronics for drive systems internationally. Specifically, it plans to export its know-how in the design and manufacture of multi-axis propulsion systems taking aim at autonomous connected logistics, laboratory equipment, and Industry 4.0.

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Key Market Players:
• ABB Ltd.
• NIDEC Corporation
• Mabuchi Motors
• Buhler Motors GmbH
• Maxon Motors AG
• CONSTAR Motor
• Johnson Electric Holdings Limited
• Mitsuba Corporation

The automobile industry slowdown and expensive initial capital expenditure are anticipated to impede the expansion of the micro motor market. Furthermore, it is projected that the growing demand for micro motors from robotics and automated robot technologies would create profitable prospects for the market's expansion.

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This release was published on openPR.