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Based on the type, the market is segmented into inner rotor and outer rotor. The inner rotor segment accounted for 55% of the market share in 2023.
Based on the end user, the brushless DC motor market is divided into consumer electronics, automotive, manufacturing, medical device, industrial machinery, and others. The automotive segment is set to register a CAGR of over 10% during the forecast period.
Asia Pacific brushless DC motor market is poised to expand at 9% CAGR from 2024 to 2032. Asia Pacific is a global manufacturing hub for various sectors including electronics, automotive, consumer goods, and industrial machinery. The region's robust manufacturing infrastructure and supply chain networks make it a favorable destination to produce brushless DC motors and other related components, thereby boosting market expansion.
The market size of brushless DC motor surpassed USD 12.5 billion in 2023 and is set to expand at over 8% CAGR between 2024 and 2032. driven by the popularity of energy-efficient solutions.
Inner rotor brushless DC motors segment is anticipated to account for more than 55% revenue share in 2023, owing to their higher power density and their compact and lightweight designs for maintaining or improving performance.
Asia Pacific market is set to grow at over 9% CAGR from 2024 to 2032, due the robust manufacturing infrastructure and supply chain networks in the region.
Some of the leading companies engaged in the industry are ABB, North American Electric, Inc., Nidec Motor Corporation, Ametek Inc., Renesas Electronics Corporation., ORIENTAL MOTOR CORP, and Cence Power.