Automotive Micromotors Market Size, Share, Opportunities, And Trends By Power Consumption (Less Than 11V, 12V-24V, 25V-48V, More Than 48V), By Motor Type (DC Motor, AC Motor), By Technology Type (Brushed Micromotor, Brushless Micromotor), And By Geography - Forecasts From 2024 To 2029

The automotive micromotors market is anticipated to expand at a high CAGR over the forecast period.

Automotive micromotors have various applications in the process of automobile manufacturing such as electric sunroof and power antennae. These micromotors are small electric motors designed to fit into tight spaces while providing high power and are used in various electric components that are attached to automobiles. Also, the growing demand for electric vehicles is important for automotive micromotors as they will need to support all the electric components present in EVs and they will have more electric components compared to the traditional combustion engine automobiles. They work the same as the larger electric motors principles but have been adapted to smaller devices that are fitted into automobiles and provide power to them.

There are several advantages to these micromotors such as their size, these devices are compact in design and can be useful for compact devices that are fitted in automobiles where not much space can be provided. Even though they are small and compact they provide impressive torque and high rotational speed for electric components in automobiles.

INTRODUCTION:

The major market driver of the automotive micro motors market is the increasing developments and innovations in the automotive industry with features in luxury vehicles like electric sunroofs and using of advanced brushless micromotor technology in automobile manufacturing. The rise in disposable income among people is also a major contributing factor in growth as people now buy more luxurious cars with more advanced features. These advanced features to function properly require automotive micromotors and with growth in demand for these luxury advanced features automobiles the automotive micromotors market is predicted to grow over the forecast period.

Also, the rise in the adoption of electric vehicles coupled with overall sales of automobiles across the globe and the use of micromotors in manufacturing these vehicles is contributing to the market growth. These vehicles have various features that are required in the car such as automatic air vent, front and rear mirror control, and seat adjustments which all require micromotors in production. Therefore, these factors are anticipated to grow the market.

MARKET DRIVERS:

• Advanced features in luxury or new automobiles are predicted to propel market growth:

The constant innovations and developments in the automotive industry to make transport safer, more comfortable, and more reliable for the driver are being achieved by major automobile manufacturers. This is increasing the demand for improved safety and comfort features in the vehicles which include front view and rearview mirror control, electric sunroof, seatbelts, seat adjustments, and other features. These advanced features are an important part of the safety and comfort of the driver in the vehicle. These advanced features require micromotors to function properly and therefore with the rise in demand for these advanced luxury features in automobiles the market for automotive micromotors is predicted to grow as well.

• The rise in sales of ICEVs and EVs across the globe is projected to drive the market.

The sales of vehicles are on a rapid increase around the globe. These sales are due to rapid industrialization in many developing countries and growing population. Also, commercial vehicles for trade purposes are in a lot of demand which is increasing the sales of both passenger and commercial vehicles sales. Electric vehicles are the perfect alternative in the automotive industry for traditional fuel-based vehicles. These EVs save energy and reduce carbon footprint as they don’t have a traditional combustion engine.

Therefore, these EVs are being promoted by governments across the globe by enhancing the required infrastructure for them in every region possible. This rise in demand for traditional vehicles and EVs is going to contribute to the growth of the automotive micromotors market as many electric components and advanced features in the automobile require micromotors to function smoothly. Therefore, market growth is predicted to be prominent over the forecast period.

MARKET RESTRAINT:

The automotive industry is constantly evolving and they are making significant improvements to innovate and develop the vehicles. The automotive micro motors which are used to manufacture these automobiles are a part of this new advancement in technology. To produce these micromotors can be very expensive for various automobile manufacturers due to its advanced technology and specialized manufacturing process which is difficult to maintain and develop. These micromotors have high-quality material which further increases their cost during the production process. Therefore, these high costs in the production of micromotors are predicted to hinder the automotive micromotors market over the forecast period.

Prominent growth is projected in the Asia Pacific region.

The Asia Pacific region is expected to show major growth in the automotive micromotors market. The rapid growth in the urbanization and automotive industry in developing countries with growing populations in the region is predicted to grow the market. Also, the increase in the production vehicles in China due to the low cost of production has grown substantially and will contribute to market growth in the region. Moreover, an increase in government initiatives for EV adoption and a rapid rise in EV infrastructure in regions like Japan, India, and China is expected to grow the automotive micromotors market during the forecast period.

China is one of the largest automobile manufacturers in the Asia Pacific region in annual sales and manufacturing output. They are going to reach 35 million vehicles in domestic production by the year 2025. The nation sold over 26 million cars in the year 2021 according to the Ministry of Industry and Information Technology. There were 21.48 million passenger vehicles and 4.79 million units of commercial vehicles out of the total vehicles sold.

Products Offered by Key Companies:

• Pelonis Technologies: Brushless DC motors can reduce wear and provide long-term reliability by using electronic commutation rather than brushes. It has the same amount of power output as a brush DC motor but is more compact and lightweight compared to it. They provide quieter operation, superior performance, and broader power options.
• Mirmex Motor SA: The micromotors offered by Mirmex Motor SA are compact and light but can provide significantly high torque. It is more dynamic and have long lifespans and high endurance as they do not overheat. It has best-in-class performance and unmatched flexibility.

Key Developments:

• In October 2020, Mirmex Motors announced that the company launched a newly developed electric motor manufacturing method that is highly flexible and helps in efficient manufacturing. It can manufacture high-power density electric micromotor windings.

Segmentation:

• By Power Consumption
  • Less than 11V
  • 12V-24V
  • 25V-48V
  • More than 48V
• By Motor Type
  • DC Motor
  • AC Motor
• By Technology Type
  • Brushed Micromotor
  • Brushless Micromotor
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others 
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others 
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others 
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others