According to the latest Fact.MR study, the small motors market is anticipated to register a Y-o-Y growth of just over 1% in 2019 over 2018. Fact.MR finds that the increasing inclination of consumers towards compact electronic devices is sustaining the demand for small motors.. However, slow traction in growth of the small motor market is expected to continue, which can be attributed in part to reluctance among industry players toward adoption of the technology.
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Advent of robotics and robots, which highly rely on small motors, have complemented the adoption of automation in various industries, ranging from aerospace and manufacturing, to consumer electronics. Pivotal role of small motors in robots, in terms of efficiency and synchronizing with variations in power requirement vis-à-vis applications, has been underpinning its sales in recent years.
There has been a marked rise in the demand for customized applications, which have been translating into the development of customized electric motors. Additionally, enhanced control and responsiveness, along with potential for producing torques in short spikes, are key properties of small motors that are expected drive its demand in the near future.
Sales of small motors are expected to increase on account of their competency to resist drastic temperature changes, vibrations, and shock. In addition, compact size of small motors offers better volume-to-performance ratio with reduced noise levels, which is anticipated to further increase the incorporation in consumer electronic devices.
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Application opportunities of small motors have increased across numerous industrial sectors, which has encouraged the players operating in the small motors industry to focus on developing motors with enhanced efficiency in terms of energy consumption and operations alike. Leading players in the market are seeking new ways for efficiency optimization, and offer products that performed beyond their warranted operational periods.
“Relatively long lifecycle of small motors offer reliability and longevity to the medical equipment, which is expected to drive their demand in the healthcare industry. Future growth prospects for small motors market remains promising in the healthcare and aerospace industries. The ongoing trend toward equipping aircraft cabins with more valuable features will create lucrative avenues of growth for the small motors market players in the near future.” says Fact.MR.
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