Electronic Consumer Device Motors Market Report and Forecast 2024-2032

According to this report, the global electronic consumer device motors market value reached USD 13.20 billion in 2023. Aided by the increasing demand for smart devices and the continuous advancements in motor technologies, the market is projected to further grow at a CAGR of 5.9% between 2024 and 2032 to reach a value of USD 22.11 billion by 2032.

Electronic consumer device motors are small, efficient motors that power a wide range of devices, including mobile phones, home appliances, and personal gadgets. These motors are integral in enabling various functions such as vibration, cooling, and mechanical movement within the devices.

The increasing consumer preference for advanced electronic devices with enhanced features is driving the global electronic consumer device motors market growth. The demand for high-performing gadgets that offer optimal functionality, compact design, and low power consumption is leading to the development and deployment of advanced motors. Furthermore, the integration of artificial intelligence (AI) and the Internet of Things (IoT) into consumer devices has significantly contributed to the demand for specialised motors that support the new generation of smart electronics.

The electronic consumer device motors market dynamics are being shaped by continuous advancements in motor technologies, leading to the miniaturisation of components without compromising performance. The rise of compact and portable electronic devices is pushing manufacturers to develop smaller motors with high efficiency and low energy consumption. Brushless DC motors, coreless motors, and piezoelectric motors are among the types gaining popularity due to their small size, precision, and durability.

Moreover, innovations in manufacturing techniques, such as 3D printing and the use of advanced materials, are reducing the production costs of these motors while enhancing their performance. This is expected to further propel the electronic consumer device motors market expansion as manufacturers seek to meet the rising demand for high-quality, energy-efficient consumer electronics.

The rapid expansion of the global consumer electronics market is accelerating the market development. Smartphones, which are indispensable to modern life, utilize micro motors for functions like vibration and camera stabilization. Similarly, wearable devices such as smartwatches and fitness trackers require motors to perform various tasks, including haptic feedback.

Laptops and tablets also drive significant demand for cooling motors, which are essential for maintaining optimal device performance. The trend towards thinner and more compact devices has led to the development of micro fans and cooling solutions, where small, efficient motors are crucial. This is contributing to an increase in the electronic consumer device motors market revenue.

The increasing focus on energy efficiency and sustainability in electronic devices has further accelerated the adoption of energy-efficient motors. Manufacturers are investing heavily in research and development to design motors that reduce energy consumption and comply with stringent environmental regulations. Governments across various regions are implementing energy-efficiency standards for electronic products, which is anticipated to positively impact the motor market. For instance, energy labels such as the Energy Star certification in the United States and similar programs in Europe require manufacturers to ensure that their devices meet certain efficiency criteria, thereby driving the need for advanced motor technologies.

The Asia-Pacific accounts for the largest electronic consumer device motors market share, driven by the presence of major electronics manufacturers in countries like China, Japan, and South Korea. The region is home to several leading consumer electronics brands, which are continually pushing the boundaries of device innovation, thus driving the demand for advanced motor solutions.

As per the electronic consumer device motors market analysis, North America and Europe also represent significant markets for electronic consumer device motors, with a strong focus on technological innovation and energy efficiency. The presence of stringent regulations related to energy consumption in these regions is expected to further drive the demand for advanced motors.

The global electronic consumer device motors market size is poised for steady growth over the coming years, driven by the increasing demand for consumer electronics and technological advancements in motor design. The trend towards smaller, more energy-efficient devices will continue to fuel innovation in motor technologies, with manufacturers striving to meet the evolving needs of consumers and regulatory bodies. As smart devices, wearables, and IoT-connected gadgets become more prevalent, the demand for advanced motor solutions will only continue to grow, ensuring sustained growth through 2032.

Market Segmentation

The market can be divided based on product type, application, and region.

Market Breakup by Product Type

• AC Motors
• DC Motors
• Others

Market Breakup by Application

• Home Appliances
• Personal Care Devices
• Audio-Visual Equipment
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global electronic consumer device motors market. Some of the major players explored in the report are as follows:

• Nidec Corporation
• Johnson Electric Holdings Limited
• Mabuchi Motor Co., Ltd.
• Bosch Group
• Allied Motion Technologies Inc.
• Maxon Motor AG
• Others