Micro-motor Market Forecast: Will Reach 35.59 Billion US Dollars In 2020

- Oct 31, 2018-

The world's second largest market research consultancy, MarketsandMarkets, released "The micro-global motor market by application by 2020 (automotive, medical equipment, industrial automation, aircraft, 3D printing, construction equipment and others), type (DC, AC), technology ( Brushed and brushless), power consumption (>11v, 12v-24v, 25v-48v, <48v), regional (Asia Pacific, Europe, North America and others) and secondary market forecast reports, detailed classification of values and quantities Description and forecast. The report highlights potential growth points, drivers, constraints, growth indicators, challenges, market dynamics, competitive landscape and other aspects of the micro-motor market in the coming years.

The report predicts that the micro-motor market will grow from US$28.26 billion in 2015 to US$35.59 billion in 2020, with an average annual growth rate of 4.56%. The main growth industries are automotive, medical equipment, industrial automation, aerospace systems, household products, Electronic information and communication equipment and the 3D printing industry.

Automotive industry demand growth

Since 2010, Asia Pacific and North America have experienced significant growth, with annual sales returning to pre-recession levels. According to MarketsandMarkets analysis, the North American automotive market is growing relatively fast in production and sales, while European countries are weaker and are slowly recovering from a six-year recession.

According to The European Automobile Manufacturers Association, the Asia Pacific region produced 90.6 million vehicles in 2014, of which 72.3 million were cars. Asia Pacific is still a major growth area for the automotive industry. The growth of the automotive industry will drive demand in the micro-motor market to rise. Consumer demand will create a transition, safety requirements will be more stringent, and micro-motor data and information will be more readily available.

Increased automated laboratory

Laboratory automation will reduce cumbersome manual operations and increase efficiency. The automatic operation error rate is 1%~5%, the semi-automatic error rate is 1%~10%, and the manual operation error rate is 10%~30%. Integrated workbench, automated analyzers, and totallaboratory automation (TLA) will more efficiently allocate laboratory human resources and create higher value.

Micromotors are widely used in a variety of laboratory automation equipment, so demand will also grow in response.

Asia Pacific becomes a potential market

China, India, South Korea and Thailand will be emerging markets for laboratory automation. Health awareness and government incentive programs will promote spending on this increase. The European and American markets are maturing and saturated, and many major market giants are turning to emerging markets.

The report also introduces major micro-motor manufacturers such as Japan's MabuchiMotors (Japan), Switzerland's ABB, Japan's Mitsuba, Japan's NIDECCORPORATION and Johnson Electric Holdings Ltd.

Car camera and camera module market

The report applies to the automotive camera and camera module market (LDW, ACC, BSD, NVS, DMS, PAS, PDS, RSR), technology (digital, thermal, infrared), vehicle type (PC, CV), off-highway Vehicles (non-loaders, excavators, etc.) and regional divisions detail global trends and projections from 2015 to 2020, respectively.

3D printing car market

The report details the 3D printing automotive market by technology (SLA, SLS, FDM, EBM, LOM, 3DIP), materials (metal, polyethylene), applications (prototyping & mold, R&D, manufacturing) and regional division, respectively. Global trends and forecasts from 2020 to 2020.

automobiles

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