Automotive micro motor market to hit $20.4 billion by 2032

A new Allied Market Research report says the global automotive micro motor market will rise from $13.3 billion in 2022 to $20.4 billion by 2032. Growth is being driven by electric vehicles, ADAS, higher vehicle sales in Asia-Pacific and rising demand for comfort and efficiency features. Why it matters: - Automotive micro motors sit inside many vehicle systems, from power windows to steering and HVAC. - Demand is rising as automakers add more electric, connected and automated features. - The market forecast points to a broader shift toward energy-efficient components in cars and trucks. What happened: - Allied Market Research published a report projecting the global automotive micro motor market will grow from $13.3 billion in 2022 to $20.4 billion by 2032. - The report estimates a 4.4% CAGR from 2023 to 2032. - The report covers type, technology, power consumption and application segments. - The report includes a sample request page and a purchase page for the full study: More information and the full report . The details: - Automotive micro motors are compact, lightweight motors designed for low power consumption and minimal electromagnetic interference. - Asia-Pacific is highlighted as a major demand center, supported by vehicle sales growth in China, Japan, India and South Korea. - China Association of Automobile Manufacturers data show Chinese automakers produced 27.02 million vehicles in 2022, up 3.4% from 2021. - The market is segmented into AC and DC types. - AC micro motors are used in HVAC systems, power seats, power windows and other vehicle functions. - DC micro motors are used in power steering systems and other precise motion-control applications. - The report says the shift from brushed DC motors to brushless DC motors is expected to support segment growth. - The technology segment includes brushed micromotors and brushless micromotors. - Brushed micromotors use brushes and a commutator to transfer current to the rotor windings. - Brushless micromotors use electronic commutation and avoid brushes and a commutator. - Brushless micromotors are used in pumps for coolant circulation, fuel delivery and braking systems. - The power consumption segment includes below 11 V, 12-24 V, 25-48 V and above 48 V. - The application segment includes power window motors, wiper motors, seat adjustment motors, HVAC motors, power steering motors and others. - The report says the above 48 V segment is expected to grow significantly. - The power steering motor segment is also expected to show significant growth. - The report says LAMEA is expected to post the highest CAGR during the forecast period. - Key companies named in the report include Johnson Electric Holdings Limited, Valeo SA, Denso Corporation, Robert Bosch GmbH, NIDEC CORPORATION, Mitsuba Corp., MABUCHI MOTOR CO., LTD., Continental AG, Brose Fahrzeugteile GmbH & Co. KG and Buhler Group. Between the lines: - Electric vehicles and ADAS systems are increasing the need for compact motors with precise control. - Brushless designs are gaining share because they improve efficiency and reduce friction losses. - The Asia-Pacific production base gives suppliers a large installed market and a growth runway. - COVID-19 disrupted supply chains and cut automotive production, which reduced micro motor demand before a post-pandemic recovery. What’s next: - The report expects demand to stay strongest in higher-voltage, brushless and power-steering applications. - Manufacturers are likely to keep pursuing product launches and expansion to strengthen market position. - The competitive landscape will likely remain concentrated among global automotive component suppliers. The bottom line: - Automotive micro motors are becoming a bigger piece of the vehicle electronics stack as cars add more automation, comfort and efficiency features.