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.