Micro Motor Market Worth 35.59 Billion USD

Micro Motor Market by Application (Automotive, Medical Equipment, Industrial Automation, Aircraft, 3D Printing, Construction Equipment and Others), Type, Technology, Power Consumption, Region, & by Aftermarket - Global Forecast to 2020 Increasing development in industrial automation, communications, automotive, electric & electronic appliance, and medical equipment, the global micro motor market is growing at a rapid rate. The overall micro motor market for the applications considered in the report is projected to reach USD 35.59 billion in 2020, from USD 28.26 billion in 2015 growing at a CAGR of 4.56%. The base year considered in this report is 2014 and provides market forecast from 2015-2020. This report segments the market based on by application (automotive, medical equipment, industrial automation, aircraft, agricultural equipment, construction & mining equipment, and 3d printing), by type (AC, DC), by technology (brushed and brushless), by power consumption (>11v, 12v-24v, 25v-48v,<48v), by region (Asia-Pacific, Europe, North America, & RoW), and by aftermarket, and market size (USD billion) based segmentation for the said market sub–segments. Brushed motors account for a majority of the micro motors used in automotive applications. However, there is relatively less growth potential for brushed motor. Brushless motors are being used in areas that are relatively new for electric motors in automotive applications, and that have been growing rapidly in recent years, such as increasing sales of plug-in electric vehicles, which have powertrain and chassis systems that are electromechanically-driven are expected to provide greater growth potential for brushless motor than for brushed motors. Automation has fueled the adoption of efficient devices such as robotic arms, pick & place, and automatic welding system among others, and with the growing impetus on smart manufacturing, the opportunity for adoption of these field devices that are more efficient and productive, is evident. Robotic devices, which use micro motors as an integral component, contribute enormously to increasing the efficiency and reliability of automation, while at the same time, improving safety and energy savings. Top-down approach has been used to estimate and validate the size of the global market. Various secondary sources, such as company annual reports/presentations, industry association publications, automotive magazine articles, directories, technical handbooks & articles, World Economic Outlook, trade websites, and databases have been used to identify and collect information for an extensive study of the micro motor market. The primary sources experts from related industries, OEMs, and suppliers have been interviewed to obtain and verify critical information, as well as to assess future prospects and market estimations.

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