Micromotor Market

[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 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 micro motor 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 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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Scope of the Report

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.

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