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Changes, primarily fuelled by performance demands from discerning customers, are afoot in the small motors market. Small motors are used in a number of industries including consumer electronics and applications, aerospace, healthcare, and the automotive industry. The small motors market is anticipated to be worth just under US$ 10 billion by 2026. The vibration motors segment is vital and accounts for a large portion of the small motors market. The vibration motors segment comprises a third of the revenue share in the small motors market and should gain substantial BPS over the course of the forecast period. The vibration motors segment is expected to cross a value of US$ 3.4 billion in 2026.
The vibration motors segment is followed by the DC brush motors (cored) segment in the small motors market. North America contributes roughly a third of the share in the DC brush motors (cored) market and companies are advised to focus their attention on this continent.
The DC Brush Motors (coreless) segment of the small motors market is considerably smaller than all others and may not even exceed a value of US$ 50 million by the end of the eight-year study. Companies will have to devise customized strategies to attain a modicum of success in this niche segment of the small motors market. The HB Stepper motors segment is comparatively larger in comparison but is nonetheless predicted to record a sluggish CAGR of 2.7% for the forecast period. Along with North America, companies would do well to target either the Europe or APEJ HB stepper motor market as both have a similar market opportunity in the long run.
The consumer appliances and consumer electronics segment consist of more than half the share in the global small motors market in 2017. However, both segments are on track to lose BPS over the long term. The absolute dollar opportunity is greater in the consumer appliances segment as it is likely to be in the range of US$ 225 million. Miniaturization is a notable trend that has had an outsized impact on all industries, particularly consumer appliances and consumer electronics. North America on account of its affluent population, high disposable income, and robust communications infrastructure should hold maximum share in both segments of the small motors market.
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The aerospace and healthcare segments have great potential in the small motors market with a massive gain in BPS projected in the former. The aerospace segment is estimated to cross a value of one billion dollars by the end of the forecast period.
A few of the companies actively involved in the small motors market have been profiled in the report. The companies include AGFA Healthcare, Aquilab, Carestream Health, Esaote S.P.A, General Electric Company, Image Analysis, INFINITT Healthcare Co, Koninklijke Philips N.V., Merge Healthcare Incorporated, Mim Software, Mirada Medical Limited, Sciencesoft USA Corporation, Siemens Healthineers, Toshiba Medical Systems Corporation, and Xinapse Systems Ltd.
Table of Content:
- Global Small Motors Market - Executive Summary
- Global Small Motors Market Overview
2.1.1. Global Small Motors Market Taxonomy
2.1.2. Global Small Motors Market Definition
2.2. Global Small Motors Market Size (US$ Mn) and Forecast, 2012-2026
2.2.1. Global Small Motors Market Y-o-Y Growth
2.3. Global Small Motors Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis……………… Continued
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