Micro Motor Market Size

  • Report ID: 5651
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Micro Motor Market Size

Micro Motor Market size was over USD 44.12 billion in 2024 and is poised to exceed USD 97.63 billion by 2037, growing at over 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of micro motor is evaluated at USD 46.34 billion.

Micro motors play a major role in the evolution of the robotics industry and the increasing acceptance of consumer electronics like smartphones, tablets, wearables, and smart appliances. These motors are used extensively for tasks like vibration, autofocus in cameras, and precise movement in robotics. In 2022, the consumer electronics industry brought in revenue of a total of USD 987 billion.

In addition to these, the need for micro motors for use in industrial machinery and systems is rising as a result of emerging nations' quick industrialization and infrastructure expansion. China, for instance, saw a 20% growth in industrial robot installations in 2021.


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Author Credits:  Abhishek Verma


  • Report ID: 5651
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of micro motor is evaluated at USD 46.34 billion.

The micro motor market size was over USD 44.12 billion in 2024 and is poised to exceed USD 97.63 billion by 2037, growing at over 6.3% CAGR during the forecast period i.e., between 2025-2037. Micro motors play a major role in the evolution of the robotics industry and the increasing acceptance of consumer electronics like smartphones, tablets, wearables, and smart appliances.

Asia Pacific industry is expected to account for largest revenue share of 32% by 2037, due to growing reliance on automation and Industry 4.0 in the region.

The major players in the market include Johnson Electric Holdings Limited, ABB Ltd., Constar Micromotor Co Ltd., Buhler Motor GmbH, Robert Bosch GmbH, Maxon Motor AG, Arc Systems Inc, Siemens AG, Precision Microdrives Limited, Printed Motor Works
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