Automotive Micro Motor Market - Analysis of Growth, Trends Progress and Challenges (2017 - 2022) The global automotive micro motor market is poised to grow at a CAGR of 7.39% by 2022. The market is expected to touch USD XX billion by 2022. Micro motors play a significant role in delivering safety and comfort in automobiles. In recent years, many advanced technologies have been developed to manufacture high-performance micro motors. Features like automatic air vent movement for passing air in water distribution pipes to avoid damages (corrosion, air pockets in radiators), front and rear mirror control and seat adjustments in all segments have led to a huge demand for these micro motors and their mass production. In 2016, Mabuchi Motor designed two motors -IS-94BZA and IS-92BZA, for Light Electric Vehicles. The new product achieves light weight, compactness, high output and high efficiency. As of 2016, the Asia-Pacific region is the largest market for automotive micro motors and is expected to maintain its dominance till 2022. APAC alone contributed to over 55% of the total micro motor production across the globe in 2015. The recent developments in designing compact and high-efficiency motors have created opportunities in the automobile industry. With XX% of the total production, Europe is the second largest market for automotive micro motors. The North American automotive market is growing relatively fast in production and sales. The features of micro motors allow the automotive industry to incorporate luxury in all segments. The market has been segmented by the type, power consumption, technology and geography. On the basis of type, the market is segmented into AC motor and DC motor. On the basis of power consumption type, the market is segmented into less than 11V, 12V-24V, 25-48V and greater than 48V. On the basis of technology, the market is segmented into the brushless motor and brushed motor. By geography, the market has been segmented into North America, South America, Europe, Middle East & Africa and Asia-Pacific. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
