Micro Motor Market Size, Trends and Insights By Product Type (AC Motor, DC Motor), By Power Consumption (Below 9V, 10V-20V, 21V-50V, More than 50V), By End User (Electronics, Automotive, Healthcare, Industrial, Aerospace and Defence, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Shinano Kenshi Co. Ltd.
- Mitsuba Corporation
- AMETEK Inc.
- Asmo Co. Ltd.
- Maxon Motors Ag
- Others
Reports Description
Global Micro Motor Market was valued at USD 40.3 Billion in 2024 and is expected to reach USD 63.6 Billion by 2033, at a CAGR of 5.2% during the forecast period 2024 – 2033.
Micro motors play an important role in allowing accurate and efficient motion control in a variety of applications, helping to enhance technology, automation, and new product development.
Micro Motor Market: Growth Factors
Integration of micro motors in robotic surgical systems
The incorporation of micromotors into robotic surgical systems is transforming the area of minimally invasive surgery, fuelling development in the micro motor industry. These precision-engineered motors are important for powering the complex movements of robotic arms and equipment during surgical procedures.
Unlike traditional surgery, robotic surgical systems provide surgeons with increased flexibility, precision, and control, allowing them to conduct difficult procedures with higher accuracy and less invasiveness. Several reasons contribute to the high demand for micromotors in robotic surgical systems.
Micro motors offer the torque and speed control required for sensitive surgical operations like as stitching, tissue manipulation, and dissection, resulting in smooth and accurate motions within the human body’s restricted areas.
Furthermore, advances in micromotor technology have resulted in the creation of tiny, lightweight, high-performance motors that can be effortlessly incorporated into robotic platforms, improving the overall functionality and usability of surgical systems.
The growing use of robotic-assisted procedures in a variety of medical disciplines, including urology, gynaecology, and general surgery, is driving up demand for micromotors. As surgeons continue to use robotic systems for their clinical advantages and patient outcomes, the market for micro motors is likely to expand steadily.
Moreover, continuous research and development activities focused on enhancing motor performance, miniaturisation, and energy efficiency would help to drive the growth of the micromotor market in robotic surgical systems.
Growing popularity of miniature electronic devices
The rising popularity of small electronic devices is a major driver of the micro motor industry. As consumers seek smaller and more portable electronic gadgets, manufacturers are under pressure to create tiny yet powerful products.
Micro motors play an important role in satisfying this need by offering effective and dependable motion control solutions in small locations. These small motors, also known as micromotors, have various benefits that are appropriate for miniature electronic systems.
Moreover, micro motors are recognised for their great accuracy and energy economy, which ensures peak performance while reducing power consumption and heat generation.
Furthermore, developments in micromotor technology, including miniaturization processes, superior materials, and novel designs, have accelerated their use in the electronics sector. Manufacturers may now build micro motors with stronger torque, quicker speeds, and more durability, improving the usefulness and lifetime of electronic products.
Additionally, the rapid growth of Internet of Things (IoT) devices and smart appliances has opened up new avenues for micromotor applications. These gadgets frequently require small actuators for purposes such as tactile input, autofocus cameras, robot movement, and valve control, resulting in increased demand for micro motors across a variety of sectors.
Micro Motor Market: Restraints
Rising maintenance costs
Micro motors are widely utilised in a variety of sectors, including automotive, electronics, and healthcare; thus, frequent maintenance and service are required to maintain maximum performance and lifespan. However, the increasing complexity of micromotor systems, as well as the requirement for specialised technical competence, all contribute to escalating maintenance costs.
Furthermore, the development of complex technology and complicated components within micromotors needs rigorous inspections, repairs, and replacements, which raises maintenance expenses. These rising costs can strain organisations’ budgets and reduce profitability, particularly for small and medium-sized firms (SMEs) with limited resources.
Furthermore, excessive maintenance costs may discourage potential consumers from investing in micromotor solutions, resulting in lower demand and market growth. Addressing this issue requires novel ways, such as predictive maintenance plans and enhanced product durability, to mitigate maintenance expenses and sustain market competitiveness.
Micro Motor Market: Opportunities
Increasing adoption of automated systems
The growing use of automated systems is driving the expansion of the micro motor market. These little motors play an important role in automated systems by delivering accurate and efficient power to numerous components. As companies adopt automation to improve efficiency, dependability, and accuracy in production processes, the need for micro motors increases.
These motors play critical roles in automated manufacturing, robotics, electronic goods, automotive systems, and healthcare equipment. Their tiny size, great efficiency, and dependability make them excellent for driving automated systems in a variety of applications.
Furthermore, developments in micromotor technology, which include miniaturisation, increased power density, and energy economy, have accelerated their use in automated systems. While companies continue to make investments in automation to optimize processes and remain competitive, the micro motor market is expected to experience sustained growth in the coming years.
Micro Motor Market: Segmentation Analysis
The Global Micro Motor market is segmented by product type, power consumption, end user, and region. Based on product type, the market is classified into AC motors and DC motors. AC motor dominated the market in 2023 with a market share of 65.5% and is expected to keep its dominance during the forecast period 2024-2033.
AC motor drives are the main factor behind the micro motor market’s growth trajectory. These drives provide precise control over motor speed and torque, which improves the performance and efficiency of micro motors in a variety of applications.
The use of AC motor drives allows micromotors to function at optimal speeds, increasing overall system efficiency and dependability. Furthermore, AC motor drives integrate seamlessly with automation systems, allowing for sophisticated features like variable speed control, position detection, and remote monitoring.
This increased versatility enables micro motors to suit the needs of a variety of sectors, notably automobiles, robotics, medical care, and consumer electronics. Moreover, the rising emphasis on energy economy and sustainability increases the need for AC motor drives, which provide micro motors to operate at peak efficiency levels, reducing energy consumption and environmental impact.
Based on power consumption, the market is classified into below 9V, 10V-20V, 21V-50V and more than 50V. 10V-20V dominated the market in 2023 with a market share of 33.5% and is expected to keep its dominance during the forecast period 2024-2033.
The introduction of 10V-20V drive micro motors has had a considerable influence on the industry, providing improved performance and adaptability in a variety of applications. These motors, which operate within the required voltage range, offer better flexibility and efficiency in powering small-scale machines and gadgets.
Their small size and efficient power supply make them ideal for usage in industries such as robotics, aeroplanes, automobiles, and consumer electronics. The flexibility to run across a wider voltage range enables adaptive performance in a variety of operating settings, meeting a wide range of industrial and consumer requirements.
Furthermore, advances in motor control technology have enhanced the accuracy, dependability, and energy economy of 10V-20V drive micromotors, increasing demand and acceptance across sectors.
Based on end user, the market is classified into electronics, automotive, healthcare, industrial, aerospace and defence, and others. Electronics dominated the market in 2023 with a market share of 31.8% and is expected to keep its dominance during the forecast period 2024-2033.
Electronics play an important part in propelling the micromotor market through numerous applications and developments. Micro motors are essential components of modern technologies, allowing for features such as vibration warnings, focusing in cameras, and precise movement in robots.
Furthermore, improvements in electronics, which include the Internet of Things (IoT) and smart home technologies, drive up demand for micro motors in smart locks, HVAC systems, and automotive applications.
Moreover, innovations in motor design, materials, and manufacturing procedures driven by electronics allow micromotors to be more efficient, consume less power, and perform better. As the electronics industry continues to develop and grow, the need for micro motors is expected to grow, driving further development and innovation in the micro motor market.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 40.3 Billion |
| Projected Market Size in 2033 | USD 63.6 Billion |
| Market Size in 2023 | USD 38.2 Billion |
| CAGR Growth Rate | 5.2% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Power Consumption, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Micro Motor Market: Regional Analysis
By region, Micro Motor market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. The Asia-Pacific dominated the global Micro Motor market in 2023 with a market share of 43.6% and is expected to keep its dominance during the forecast period 2024-2033.
North America’s powerful pharmaceutical and healthcare sectors are key consumers of blister packing equipment due to tight product safety and integrity rules. Furthermore, the rising demand for over-the-counter (OTC) drugs and consumer healthcare items accelerates the use of blister packaging solutions.
Furthermore, North America’s flourishing food and beverage industry, together with an increased need for simple and portable packaging solutions, helps to drive the blister packaging machinery market. Moreover, technical advances in blister packing technology, such as automation and modern materials, improve production efficiency and product quality, luring businesses from the region. In conclusion,
North America’s strong industrial foundation, along with the increased focus on product safety and convenience, places it as a primary driving factor behind the development of the blister packaging equipment market.
Micro Motor Market: Recent Developments
- In June 2022, Allied Motion Technologies purchased ThinGap Motor Technologies, an ultra-thin motor maker. This improved Allied’s precision micromotor capabilities.
- In June 2021, Maxon Motor launched the EC-I 30 BL brushless DC motor with an integrated speed and position controller. It removes the requirement for external electronics.
- In April 2022, Portescap collaborated with Spinicity to incorporate innovative micro motor technology into Spinicity stroke rehabilitation devices.
List of the prominent players in the Micro Motor Market:
- Shinano Kenshi Co. Ltd.
- Mitsuba Corporation
- AMETEK Inc.
- Asmo Co. Ltd.
- Maxon Motors Ag
- Nidec Corporation
- Johnson Electric Holdings Limited
- Mabuchi Motor Co. Ltd.
- Minebea Mitsumi Inc.
- Bühler Motor GmbH
- Portescap
- Allied Motion Technologies Inc.
- Faulhaber Group
- Mclennan Servo Supplies Ltd.
- COMSOL Inc.
- Oriental Motor Co. Ltd.
- Globe Motors Inc.
- Anaheim Automation Inc.
- Crouzet Automatismes SAS
- TMEIC
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Micro Motor Market is segmented as follows:
By Product Type
- AC Motor
- DC Motor
By Power Consumption
- Below 9V
- 10V-20V
- 21V-50V
- More than 50V
By End User
- Electronics
- Automotive
- Healthcare
- Industrial
- Aerospace and Defence
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Micro Motor Market, (2024 – 2033) (USD Billion)
- 2.2 Global Micro Motor Market: snapshot
- Chapter 3. Global Micro Motor Market – Industry Analysis
- 3.1 Micro Motor Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Integration of motors in Robotic Surgical Systems
- 3.2.2 Growing popularity of miniature electronic devices
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Power Consumption
- 3.7.3 Market Attractiveness Analysis By End User
- Chapter 4. Global Micro Motor Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Micro Motor Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Micro Motor Market – Product Type Analysis
- 5.1 Global Micro Motor Market Overview: By Product Type
- 5.1.1 Global Micro Motor Market Share, By Product Type, 2023 and 2033
- 5.2 AC Motor
- 5.2.1 Global Micro Motor Market by AC Motor, 2024 – 2033 (USD Billion)
- 5.3 DC Motor
- 5.3.1 Global Micro Motor Market by DC Motor, 2024 – 2033 (USD Billion)
- 5.1 Global Micro Motor Market Overview: By Product Type
- Chapter 6. Global Micro Motor Market – Power Consumption Analysis
- 6.1 Global Micro Motor Market Overview: By Power Consumption
- 6.1.1 Global Micro Motor Market Share, By Power Consumption, 2023 and 2033
- 6.2 Below 9V
- 6.2.1 Global Micro Motor Market by Below 9V, 2024 – 2033 (USD Billion)
- 6.3 10V-20V
- 6.3.1 Global Micro Motor Market by 10V-20V, 2024 – 2033 (USD Billion)
- 6.4 21V-50V
- 6.4.1 Global Micro Motor Market by 21V-50V, 2024 – 2033 (USD Billion)
- 6.5 More than 50V
- 6.5.1 Global Micro Motor Market by More than 50V, 2024 – 2033 (USD Billion)
- 6.1 Global Micro Motor Market Overview: By Power Consumption
- Chapter 7. Global Micro Motor Market – End User Analysis
- 7.1 Global Micro Motor Market Overview: By End User
- 7.1.1 Global Micro Motor Market Share, By End User, 2023 and 2033
- 7.2 Electronics
- 7.2.1 Global Micro Motor Market by Electronics, 2024 – 2033 (USD Billion)
- 7.3 Automotive
- 7.3.1 Global Micro Motor Market by Automotive, 2024 – 2033 (USD Billion)
- 7.4 Healthcare
- 7.4.1 Global Micro Motor Market by Healthcare, 2024 – 2033 (USD Billion)
- 7.5 Industrial
- 7.5.1 Global Micro Motor Market by Industrial, 2024 – 2033 (USD Billion)
- 7.6 Aerospace and Defence
- 7.6.1 Global Micro Motor Market by Aerospace and Defence, 2024 – 2033 (USD Billion)
- 7.7 Others
- 7.7.1 Global Micro Motor Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Micro Motor Market Overview: By End User
- Chapter 8. Micro Motor Market – Regional Analysis
- 8.1 Global Micro Motor Market Regional Overview
- 8.2 Global Micro Motor Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Micro Motor Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Micro Motor Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Micro Motor Market, 2024 – 2033 (USD Billion)
- 8.4 North America Micro Motor Market, by Product Type, 2024 – 2033
- 8.4.1 North America Micro Motor Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.5 North America Micro Motor Market, by Power Consumption, 2024 – 2033
- 8.5.1 North America Micro Motor Market, by Power Consumption, 2024 – 2033 (USD Billion)
- 8.6 North America Micro Motor Market, by End User, 2024 – 2033
- 8.6.1 North America Micro Motor Market, by End User, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Micro Motor Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Micro Motor Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Micro Motor Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Micro Motor Market, by Product Type, 2024 – 2033
- 8.8.1 Europe Micro Motor Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.9 Europe Micro Motor Market, by Power Consumption, 2024 – 2033
- 8.9.1 Europe Micro Motor Market, by Power Consumption, 2024 – 2033 (USD Billion)
- 8.10 Europe Micro Motor Market, by End User, 2024 – 2033
- 8.10.1 Europe Micro Motor Market, by End User, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Micro Motor Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Micro Motor Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Micro Motor Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Micro Motor Market, by Product Type, 2024 – 2033
- 8.12.1 Asia Pacific Micro Motor Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Micro Motor Market, by Power Consumption, 2024 – 2033
- 8.13.1 Asia Pacific Micro Motor Market, by Power Consumption, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Micro Motor Market, by End User, 2024 – 2033
- 8.14.1 Asia Pacific Micro Motor Market, by End User, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Micro Motor Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Micro Motor Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Micro Motor Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Micro Motor Market, by Product Type, 2024 – 2033
- 8.16.1 Latin America Micro Motor Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.17 Latin America Micro Motor Market, by Power Consumption, 2024 – 2033
- 8.17.1 Latin America Micro Motor Market, by Power Consumption, 2024 – 2033 (USD Billion)
- 8.18 Latin America Micro Motor Market, by End User, 2024 – 2033
- 8.18.1 Latin America Micro Motor Market, by End User, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Micro Motor Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Micro Motor Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Micro Motor Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Micro Motor Market, by Product Type, 2024 – 2033
- 8.20.1 The Middle-East and Africa Micro Motor Market, by Product Type, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Micro Motor Market, by Power Consumption, 2024 – 2033
- 8.21.1 The Middle-East and Africa Micro Motor Market, by Power Consumption, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Micro Motor Market, by End User, 2024 – 2033
- 8.22.1 The Middle-East and Africa Micro Motor Market, by End User, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Shinano Kenshi Co. Ltd.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Mitsuba Corporation
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 AMETEK Inc.
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Asmo Co. Ltd.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Maxon Motors Ag
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Nidec Corporation
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Johnson Electric Holdings Limited
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Mabuchi Motor Co. Ltd.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Minebea Mitsumi Inc.
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Bühler Motor GmbH
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Portescap
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Allied Motion Technologies Inc.
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Faulhaber Group
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Mclennan Servo Supplies Ltd.
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 COMSOL Inc.
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Oriental Motor Co. Ltd.
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Globe Motors Inc.
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Anaheim Automation Inc.
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Crouzet Automatismes SAS
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 TMEIC
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 Shinano Kenshi Co. Ltd.
List Of Figures
Figures No 1 to 28
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Shinano Kenshi Co. Ltd.
- Mitsuba Corporation
- AMETEK Inc.
- Asmo Co. Ltd.
- Maxon Motors Ag
- Nidec Corporation
- Johnson Electric Holdings Limited
- Mabuchi Motor Co. Ltd.
- Minebea Mitsumi Inc.
- Bühler Motor GmbH
- Portescap
- Allied Motion Technologies Inc.
- Faulhaber Group
- Mclennan Servo Supplies Ltd.
- COMSOL Inc.
- Oriental Motor Co. Ltd.
- Globe Motors Inc.
- Anaheim Automation Inc.
- Crouzet Automatismes SAS
- TMEIC
- Others
FAQs
The restraints of the Micro Motor market is rising maintenance costs.
The major driver for the Micro Motor market is integration of micro motors in robotic surgical systems and growing popularity of miniature electronic devices.
The “AC Motor” category dominated the market in 2023.
The key players in the market are Shinano Kenshi Co. Ltd., Mitsuba Corporation, AMETEK Inc., Asmo Co. Ltd., Maxon Motors Ag, Nidec Corporation, Johnson Electric Holdings Limited, Mabuchi Motor Co. Ltd., Minebea Mitsumi Inc., Bühler Motor GmbH, Portescap, Allied Motion Technologies Inc., Faulhaber Group , Mclennan Servo Supplies Ltd., COMSOL Inc., Oriental Motor Co. Ltd., Globe Motors Inc., Anaheim Automation Inc., Crouzet Automatismes SAS, TMEIC, Others.
“Asia-Pacific” had the largest share in the Micro Motor Market.
The global market is projected to grow at a CAGR of 5.2% during the forecast period, 2024-2033.
The Micro Motor Market size was valued at USD 40.3 Billion in 2024.