Market Size of Automotive Micro Motor Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 15.42 Billion |
| Market Size (2029) | USD 19.92 Billion |
| CAGR (2024 - 2029) | 5.25 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Automotive Micro Motor Market Analysis
The Automotive Micro Motor Market size is estimated at USD 15.42 billion in 2024, and is expected to reach USD 19.92 billion by 2029, growing at a CAGR of 5.25% during the forecast period (2024-2029).
Over the long term, the consumers' increasing preference towards availing luxury cars, the government's aggressive focus on promoting electric vehicles to reduce carbon emissions, and advancement in brushless micromotors technology are contributing to the surging growth of the automotive micromotors market all over the world.
Automotive micromotors find their potential use case in automotive systems such as electric sunroofs and power antennae, among other components. Therefore, with the rise in per-capita disposable income, consumers are increasingly preferring to avail of vehicle models that possess advanced features such as a sunroof, which, in turn, is aiding the growth of the automotive micromotors market.
Advancements in automotive features, such as automatic air vent movement for passing air in water distribution pipes to avoid damage (corrosion, air pockets in radiators), front and rear mirror control, and seat adjustments in all segments, are driving the demand for automotive micromotors and their mass production. Mabuchi Motor designed two motors (IS-94BZA and IS-92BZA) for light electric vehicles. The new products achieve lightweight, compactness, high output, and high efficiency.
Owing to the increased demand for electric vehicles and consumer's shifting preference towards availing luxury and premium cars such as sports utility vehicles (SUVs). The recent developments in designing compact and high-efficiency motors have created opportunities in the automobile industry.
The demand for automotive micromotors is expected to showcase surging growth due to their usage in various automotive applications, such as electric sunroofs. Further, the market is expected to witness the launch of various advanced DC brushless micromotors owing to their lightweight capability, which is in heavy demand by auto manufacturers.
