Global Automotive Micro Motors Market Size Report 2031

Global automotive micro motors market is projected to witness a CAGR of 5.78% during the forecast period 2024–2031, growing from USD 15.2 billion in 2023 to USD 23.82 billion in 2031. Micro motors are widely used in the automotive industry, majorly in electric power steering systems. They help assist and smooth functioning while turning to provide a better driver experience. These micromotors are further used in door locks and windows as most consumers nowadays prefer electric systems over manual vehicle mechanisms.

Due to the rise in technological advancements and rising concerns about road safety, the application of micro motors is also rising. It helps the drivers focus solely on driving as it assists by sidelining the other tasks such as operating the window. Furthermore, micro motors can also be used in the various other parts of the vehicle such as fuel injectors, front wiper systems, air conditioning units, and head-up displays. They are widely used in electric vehicles due to their durability and endurance. Manufacturers are collaborating and investing in partnerships to provide better solutions, which is further expected to drive market growth.

For instance, in September 2023, Johnson Electric collaborated with QualiSense in a five-year agreement to provide software for inspection and quality control and manufacture various products, including micro motors.

Download Free Sample Report

Rise in Preference for Luxury and Technologically Advanced Cars

There has been a rise in customers’ interest in modern and luxury cars that are technologically advanced and provide a better driving experience. Earlier vehicles had some of the features that were supported by electronics such as front and rear mirror controls, seat positioning, and door lock systems. However, now these micro motors are covered in almost 80% of the cars functioning. There are various features included in the new models launched by the automotive industry. Some of them can be electric sunroofs and head-up displays. They provide aesthetics to their vehicles to attract more customers globally. A rise in people’s disposable income is further anticipated to drive market growth.

People nowadays are shifting towards the cars that are premium and luxury cars such as sports utility vehicles (SUVs). Therefore, more compact designs are launched along with high-efficiency motors.

For instance, according to the data from Jato dynamics, in 2023, 42,731 units of luxury cars were sold in India, making 20% year-on-year. The increase was majorly due to the post-Covid-19 lifestyle change among the mass population. The rise in disposable income has led most young professionals to opt for high-end cars.

Strict Government Standards and Regulations

Due to the growing concerns about environmental hazards that the automotive industry can cause, there is a rise in adopting eco-friendly options for making the industry sustainable and more efficient. Therefore, governments play a crucial role in the growth of the global market by imposing various regulations and strict rules to adopt eco-conscious options among manufacturers. The government supports electric and hybrid vehicles to reduce vehicular emissions by providing funding for research and development. The government has set strict emissions standards that drive manufacturers to shift from internal combustion engines. The surge in electric vehicles further drives the growth of the global automotive micro motors market. Automakers are investing in research and development to launch new electric vehicle models with more advanced features. The micro motors play a crucial role in electric vehicles, supporting various functions including battery management, HVAC, and safety systems. They are also used in the electric brake and power steering systems.

For instance, in February 2024, the Indian government announced its plan to support electric vehicles and the widespread adoption of electric buses to support the sustainable growth of the electric vehicle market. In another instance, the Indonesian government announced a new series of incentives for people to purchase locally produced and imported EVs. This will help the country establish itself as the major market and the manufacturing hub of electric vehicles. The government will also remove the luxury tax on EVs for the fiscal year of 2024 to allow more people to shift their interest toward EVs.

Click For Report: https://www.marketsandata.com/industry-reports/automotive-micro-motors-market

Adoption of Brushless DC Motors Presents a Market Opportunity in the Global Automotive Micro Motors Market

Based on type, the demand for brushed DC motors segment is gaining major traction due to its efficiency, low maintenance requirements, and quieter operations. Recently in many automobiles, brushless motors are used where earlier only the brushed motors were of use. Brushed motors provide improved longevity that provides better solutions for high power loads or power loads for long durations.

Additionally, brushless motors are also preferred in high-speed applications as they offer higher maximum speeds than brushed motors. However, the high cost of brushless motors limits some of the segments of the automobile industry to use them in their products. Furthermore, with constant research and development brushless motors are widely used and accepted as a substitute for brushed motors. It is further limiting the growth of the sales of brushless motors contributing to a rise in the share of brushless DC motors in the market. Brushless motors are majorly used in electric vehicles due to their compact size. They furthermore provide improved range and acceleration.

For instance, three-wheeler manufacturers such as Mahindra Motors, Speedo Vehicles, and Kinetic Green and two-wheeler manufacturers such as Chetak Electric and Pure EV Entrance Neo use brushless DC motors.

Also, in 2023, NXP Semiconductors launched a new S32K series of brushless DC motors, under which the product S32M2 mainly focuses on other motors to adjust the side mirrors, windows, trunks, and seat positions.

Asia-Pacific Region Leads in Global Automotive Micro Motors Market

As an emerging automotive market with a higher EV adoption rate and implementation of advanced technologies, the Asia-Pacific region holds the major portion of the market. The rise in research and development in the region along with the supported government policies is further expected to drive the growth of the automotive micro motors market in the Asia-Pacific region. Furthermore, China is anticipated to be the dominating country due to the rise in technological advancements in the nation. There is a sudden surge of sustainable and more efficient technologies; therefore, manufacturers are launching more innovative products and models. In addition, the low manufacturing cost as the Asia-Pacific countries have their manufacturing units is further anticipated to drive the market growth in the region.

For instance, in March 2024, Tata Motors signed an agreement with the Tamil Nadu government to set up a manufacturing unit for the automotive industry. The company invested USD 1.30 billion (9000 crore INR) in this project and is expected to create over 5,000 jobs in the next five years.

The Rise of Automotive Micro Motors:

The automotive micro motors market has witnessed steady growth in recent years, propelled by increasing consumer demand for comfort, safety, and energy efficiency in vehicles. Micro motors, characterized by their compact size, high efficiency, and precision engineering, have become ubiquitous in modern automobiles, powering a myriad of functions and systems critical to vehicle operation and passenger comfort.

Key Market Drivers:

Several factors are driving the growth of the automotive micro motors market:

1. Rising Demand for Electric Vehicles (EVs): With the global shift towards electrification, driven by environmental concerns and government regulations, the demand for electric vehicles has surged. Micro motors play a vital role in EVs, powering essential components such as electric power steering systems, electric HVAC compressors, and electric brake boosters.
2. Advancements in Vehicle Connectivity and Automation: The growing integration of connectivity and automation features in vehicles, such as advanced driver-assistance systems (ADAS) and autonomous driving technologies, has spurred demand for micro motors to enable precise control and actuation of various functions, including adaptive cruise control, lane-keeping assistance, and automated parking systems.
3. Focus on Lightweighting and Energy Efficiency: Automakers are increasingly focused on reducing vehicle weight and improving energy efficiency to meet stringent fuel economy standards and reduce carbon emissions. Micro motors, with their compact size and high power-to-weight ratio, offer an attractive solution for powering auxiliary systems while minimizing energy consumption.

Technological Advancements:

The automotive micro motors market is characterized by continuous innovation and technological advancements aimed at improving performance, reliability, and efficiency. Some notable trends include:

1. Integration of Brushless DC (BLDC) Motors: Brushless DC motors offer several advantages over traditional brushed motors, including higher efficiency, greater reliability, and reduced maintenance requirements. As a result, BLDC motors are increasingly being adopted in automotive applications, particularly in electric power steering systems, HVAC compressors, and electric water pumps.
2. Development of Smart Motors: The advent of smart motor technologies, incorporating sensors, controllers, and communication interfaces, enables real-time monitoring, diagnostics, and predictive maintenance of micro motors, enhancing reliability and minimizing downtime.
3. Miniaturization and Integration: Advances in microelectronics and manufacturing processes have facilitated the miniaturization and integration of micro motors into compact, multifunctional modules, enabling space-saving designs and greater design flexibility for automotive engineers.

Future Outlook:

Looking ahead, the automotive micro motors market is poised for continued growth and innovation, driven by the proliferation of electric and autonomous vehicles, ongoing advancements in motor technology, and evolving consumer preferences for safer, more efficient vehicles. As automakers strive to meet the demands of an increasingly connected and sustainable transportation ecosystem, micro motors will play an instrumental role in shaping the future of automotive innovation.

Contact
Mr. Vivek Gupta
5741 Cleveland street, 
Suite 120, VA beach, VA, USA 23462
Tel: +1 (757) 343–3258
Email: [email protected]
Website: https://www.marketsandata.com