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Consumer Electronics Electric Motor Market Analysis
- Report ID: GMI5554
- Published Date: Mar 2024
- Report Format: PDF
Consumer Electronics Electric Motor Market Analysis
Based on motor type, the DC Motor segment was worth over USD 6.3 billion in 2023. DC motors are easy to operate even in variety of voltage. The direction and speed of rotation can be easily controlled and can be made more precise. They are more compact and can easily fit in small spaces such as smartphones, smartwatches, cameras. They have quick response time. Therefore, they are used for a variety of consumer electronics.
Based on application, the entertainment devices segment held a market share of about 47% in 2023. Entertainment devices such as gaming consoles, projectors, audio devices and wearables such as, smart watches and fitness trackers have been in demand, especially after covid 19 pandemic. DC motors have been used in them as they are compact, efficient and are compatible with batteries.
Asia Pacific consumer electronics electric motor market size exceeded USD 4.4 billion in 2023. This growth is attributed to the population boom of the region. Also, the rise in disposable income in countries like China, India, Japan has contributed to growth of demand of electronics such as, refrigerators, washing machines, smartphones, smartwatches, etc.
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Consumer Electronics Electric Motor Market Scope
