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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.
Growth Drivers of the Small Motors Market
- Elimination of additional accessories that are used in conventional motors, is a key attribute of small motors that has been driving their sales in recent years. In addition, the upward trend of miniaturization in the electronics industry has been significantly complementing adoption of small motors.
- Compliance of small motors with automation standards has meant that sales of these compact and effective power transmission equipment will witness promising demand in the near future.
- Rising demand for small motors as compared to their conventional counterparts, on account of their high efficiency, longer life, and low replacement costs in the medical equipment is anticipated to influence growth of the small motors market.
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Demand for Vibration Motors Remains Relatively Higher
The study finds that the vibration motors will hold a considerable share in the small motors market. With the ubiquitous visibility of smartphones, smart watches, and similar hand-held devices, there has been a notable adoption of vibration motors, which receive signal without the generation of sound. Vibration motors sales are further expected to be underpinned by the growing trend of modernization of devices, whose designs include vibration feature as an integral requirement.
Opportunity Exists for Small Motors Manufacturers across Industries
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.
Other players operating in the global small motors market comprise Xinapse Systems Ltd., Toshiba Medical Systems Corporation, Siemens Healthineers, Sciencesoft USA Corporation, Mirada Medical Limited, Mim Software, Merge Healthcare Incorporated, Koninklijke Philips N.V., INFINITT Healthcare Co., Image Analysis, General Electric Company, Esaote S.P.A, Carestream Health, Aquilab, and AGFA Healthcare.
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