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Automotive Micro Motors Market size was valued at USD 16.4 billion in 2022 and is estimated to register a CAGR of over 4% between 2023 and 2032, owing to stringent regulations on fuel efficiency and emission standards. Governments worldwide are implementing strict regulatory norms to improve fuel efficiency and reduce vehicle emissions.
For instance, the U.S. Environmental Protection Agency (EPA) sets Corporate Average Fuel Economy (CAFE) standards, which require automakers to achieve a specified average fuel economy across their fleet. These standards are designed to reduce greenhouse gas emissions and improve fuel efficiency.
Similarly, China has been implementing progressively stricter emission standards. China VI is one of the latest standards, aiming to limit pollutants such as nitrogen oxides, particulate matter, and hydrocarbons from both gasoline and diesel vehicles. The standards also promote the development of new energy vehicles. Micro motors contribute to these goals by enabling the development of energy-efficient systems within vehicles. For instance, micro motors are used in electric power steering systems, which are more energy-efficient compared to traditional hydraulic systems. As automakers strive to meet these regulatory standards, the demand for micro motors that enhance vehicle efficiency remains high.
The automotive industry has been undergoing a visible transformation with the integration of advanced technologies, including automation and connectivity features. For instance, ADAS technologies continue to evolve, with features such as adaptive cruise control, lane-keeping assistance, automatic emergency braking, and parking assistance becoming more advanced. These systems use sensors, cameras, and radar to enhance vehicle safety and reduce the burden on drivers.
Report Attribute | Details |
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Base Year: | 2022 |
Automotive Micro Motors Market Size in 2022: | USD 16.4 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4% |
2032 Value Projection: | USD 25 Billion |
Historical Data for: | 2018 - 2022 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 278 |
Segments covered: | Power Consumption, Motor Type, and Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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Micro motors are used in various applications related to vehicle automation, such as power seats, mirrors, and automated door systems. Additionally, the development of connected vehicles with smart features and infotainment systems has increased the demand for micro motors in power consumptions like electric window lifters and adjustable mirrors.
However, the initial costs associated with incorporating advanced micro motors, particularly in electric vehicles and advanced automotive systems, can be relatively high. Cost-sensitive consumers and manufacturers may be hesitant to adopt these technologies, especially in regions where there are concerns about the affordability of electric vehicles or where there is a lack of significant incentives or subsidies to offset the higher upfront costs.
The COVID-19 pandemic significantly impacted the automotive micro motors market, causing disruptions in manufacturing, supply chains, and consumer demand. Lockdowns and restrictions led to production halts, affecting both vehicle production and the deployment of micro motors in automotive systems. Uncertainties in the market, in line with economic challenges, influenced consumer purchasing behavior, impacting the adoption of electric vehicles and, consequently, the demand for micro motors. The industry is gradually recovering as global conditions improve, but the lasting effects of the pandemic continue to shape market dynamics.
The increasing focus on electric and autonomous vehicles, the demand for micro motors is expected to rise. The latest edition of the Global Electric Vehicle Outlook reveals that over 10 million electric cars were sold globally in 2022. Anticipating a 35% increase in sales for the current year, the projection stands at reaching 14 million electric vehicle sales in 2023. This remarkable growth has elevated the electric cars' market share from approximately 4% in 2020 to 14% in 2022, with expectations to rise to 18% this year, according to the most recent IEA forecasts.
Micro motors play a crucial role in various power consumptions of electric vehicles, such as power steering, electric windows, and HVAC systems. Additionally, as autonomous driving technologies advance, micro motors will be integrated into systems like advanced driver assistance systems (ADAS) and autonomous vehicle controls.
Based on the power consumption, the market is divided into 3V-12V, 12V-24V, 25V-48V and more than 48V. In 2022, The 12V-24V will generate a highest market share for 2022. The demand for 12V-24V automotive micro motors is surging due to their integral role in modern vehicles. These motors power essential power consumptions such as power windows, mirrors, and HVAC systems, contributing to enhanced vehicle functionality. As automotive technologies advance, with a particular emphasis on electric and hybrid vehicles, the need for energy-efficient and compact micro motors has intensified. The transition towards electric platforms, coupled with the growing prevalence of advanced driver assistance systems (ADAS), has led to a higher demand for these voltage-specific micro motors, underscoring their significance in the automotive industry's evolution.
Based on the motor type, the automotive micro motors market is categorized into brushed DC motors, brushless DC motors, stepper motors. In 2022, the brushed DC motors segment accounted for a market share of around 40% and is projected to grow by 2032. The demand for Automotive Brushed DC Micro Motors is propelled by their versatility and reliability in various vehicular applications. These motors find extensive use in power windows, seat adjustment systems, and HVAC controls. Their simple design, ease of control, and cost-effectiveness make them particularly suitable for automotive applications.
Additionally, their compact size and efficient power delivery meet the demands of modern vehicle designs. As automotive technology continues to evolve, these micro motors remain a key power consumption, contributing to the seamless operation of essential systems within vehicles and sustaining their consistent demand in the automotive industry.
North America led the automotive micro motors market with a major share of over 36% in 2022. The region's increasing focus on electric and hybrid vehicles, in line with stringent emission regulations, has propelled the demand for micro motors powering various electric power consumptions. Notably, the United States has witnessed a surge in electric vehicle adoption, with sales reaching 600,000 units in 2021, a substantial increase from previous years.
Additionally, major automakers are investing in North America to establish electric vehicle manufacturing facilities, contributing to the growing need for advanced micro motors. This expansion aligns with the region's commitment to sustainable mobility solutions, fostering a robust market for automotive micro motors.
Major players operating in the automotive micro motors industry are:
Buhler Motor GmbH holds the largest market share, the company’s technological innovation, a diverse and high-quality product portfolio catering to various automotive applications, a global presence with an extensive distribution network, strong customer relationships, compliance with industry standards, adaptability to emerging trends such as electrification, and efficient in-house manufacturing capabilities.
The automotive micro motors market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and Volume (Units) from 2018 to 2032, for the following segments: Click here to Buy Section of this Report
By Power Consumption, 2018 – 2032
By Motor Type, 2018 – 2032
By Application, 2018 – 2032
The above information is provided for the following regions and countries: