Automotive Motors Market Forecasting the Future of Market Size, A Game-Changer for Business | VALEO, Inteva Products, LLC, Magna International Inc, Marelli Europe S.P.A.
Report Ocean recently added a research report on “Automotive Motors Market”. The report includes an extensive analysis of the market’s characteristics, COVID-19 impact, size and growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. In addition, it traces the development of the market over time and projects regional market growth. It compares the market to other markets and situates it in relation to the larger market.
An automotive motor is designed to translate a type of energy (such as electric) into mechanical energy. The combination of mechanics and electronics has led to incorporate increased number of motors in vehicles, owing to their comfort and convenience features. Automotive motors have applications in electronic power steering, seating control, electric vehicles drivetrain, and others. The automotive motors market is driven by factors such as increase in global vehicle production, high demand for safety & convenience features, and rise in demand for electric vehicles.
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However, increased weight and cost of the overall system restrict the market growth. Moreover, wide number of applications employing the use of electric motors and the concept of autonomous cars create lucrative growth opportunities for the market. By region, Asia-Pacific dominates the market at present, followed by Europe, North America, and LAMEA. In the Asia-Pacific region, China dominated the global automotive motors market in 2019, whereas South Korea is expected to grow at a significant rate in Asia-Pacific during the forecast period.
The automotive motors market is segmented into type, vehicle type, function, technology, application, and region. Depending on type, the market is divided into DC brushed motors, brushless DC motors, stepper motors, and traction motors. On the basis of vehicle type, it is categorized into two-wheelers, electric two-wheelers, passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), BEV, PHEV, and HEV.
Based on function, the market is segmented into performance, comfort & convenience, and safety & security. Based on technology, the market is classified into PWM, DTC, and others. The applications covered in the study include alternator, ETC, electric parking break, sun roof motor, fuel pump motor, ECM, wiper motor, engine cooling fan, HVAC, VVT, EGR, starter motor, anti-lock brake system, EPS, PLG, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global automotive motors market are BorgWarner Inc., Continental AG, DENSO CORPORATION, Johnson Electric Holdings Limited, Mitsuba Corporation, MABUCHI MOTOR CO., LTD., Nidec Corporation, Robert Bosch GmbH, Siemens AG, VALEO, Inteva Products, LLC, Magna International Inc, Marelli Europe S.P.A., Aptiv PLC, Buhler Motor, Meritor, Inc., PST Electronics Ltd, and U-SHIN ltd.
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Key Developments in the Automotive Motors Market Related Study:
Introduction to Automotive Motors Market
The Automotive Motors market is undergoing significant developments as the automotive industry evolves towards electrification, autonomous vehicles, and increased focus on energy efficiency. Automotive motors serve diverse applications within vehicles, including propulsion, steering, and various auxiliary functions. Key trends and innovations are shaping the Automotive Motors market, influencing the design, performance, and sustainability of automotive systems.
Rise of Electric and Hybrid Vehicles
A pivotal development in the Automotive Motors market is the rise of electric and hybrid vehicles. The shift towards electrification has led to an increased demand for electric motors to power the propulsion systems of electric and hybrid cars. Automotive manufacturers are investing in the development of high-performance electric motors to meet the growing consumer interest in clean and sustainable transportation solutions.
Advancements in Permanent Magnet Motor Technology
Advancements in permanent magnet motor technology are influencing the Automotive Motors market. Permanent magnet motors, particularly those using rare-earth magnets, offer high efficiency and power density. Manufacturers are exploring ways to optimize the design and composition of permanent magnet motors to enhance performance while addressing concerns related to the environmental impact of rare-earth materials.
Integration of Motor Control Electronics
The integration of motor control electronics is a notable trend in the Automotive Motors market. Advanced motor control systems enhance the efficiency and precision of motor operations. Integrated control electronics contribute to smoother acceleration, improved energy management, and the implementation of regenerative braking in electric and hybrid vehicles, maximizing overall vehicle performance.
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Focus on Lightweight and Compact Motor Designs
Manufacturers in the Automotive Motors market are placing a strong focus on lightweight and compact motor designs. The quest for increased energy efficiency and reduced vehicle weight has led to the development of compact and lightweight motors. These designs contribute to improved overall vehicle efficiency and are particularly crucial for electric vehicles, where efficient use of space is essential for accommodating batteries.
Development of High-Power Density Motors
The development of high-power density motors is a key trend in the Automotive Motors market. High-power density motors deliver more power within a smaller and lighter package, enabling improved vehicle acceleration and overall performance. This trend is significant for electric and hybrid vehicles seeking to maximize power output while minimizing the impact on vehicle weight and space.
Innovations in Motor Cooling Technologies
As automotive motors handle increased power demands, innovations in motor cooling technologies are becoming essential. Efficient cooling systems ensure that motors operate within optimal temperature ranges, preventing overheating and maintaining performance. Advanced cooling solutions, such as liquid cooling and integrated cooling channels, are being explored to enhance the thermal management of automotive motors.
Adoption of Rare-Earth-Free Motor Alternatives
In response to environmental concerns and supply chain challenges related to rare-earth materials, there is a growing interest in rare-earth-free motor alternatives in the Automotive Motors market. Manufacturers are exploring alternative materials and motor designs that reduce dependence on rare-earth elements, promoting sustainability and addressing potential resource constraints.
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Collaborations for Motor Technology Innovation
Collaborations between automotive manufacturers and technology providers are driving motor technology innovation in the Automotive Motors market. Partnerships aim to accelerate the development of advanced motor technologies, including breakthroughs in materials, manufacturing processes, and control systems. Collaborative efforts foster synergies and contribute to the rapid adoption of cutting-edge motor solutions.
Integration of Motors in Advanced Driver Assistance Systems (ADAS)
The integration of motors in Advanced Driver Assistance Systems (ADAS) is a significant development in the Automotive Motors market. Motors play a crucial role in enabling functionalities such as adaptive cruise control, lane-keeping assistance, and automated parking. This integration contributes to the evolution of semi-autonomous driving capabilities, enhancing vehicle safety and comfort.
These key developments in the Automotive Motors market underscore the industry’s dynamic response to the challenges and opportunities presented by electrification, advanced technologies, and the pursuit of more sustainable and efficient automotive solutions. The ongoing evolution of motor technologies will continue to shape the future of the automotive industry as it navigates towards a more electric, connected, and autonomous mobility landscape.
KEY MARKET SEGMENTS
By Type
o DC Brushed Motors
o Brushless DC Motors
o Stepper Motors
o Traction Motors
By Vehicle Type
o Two-wheelers
o Electric Two-wheelers
o Passenger Cars
o Light Commercial Vehicles (LCVs)
o Heavy Commercial Vehicles (HCVs)
o BEV
o PHEV
o HEV
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By Function
o Performance
o Comfort & Convenience
o Safety & Security
By Technology
o PWM
o DTC
o Others
By Application
o Alternator
o ETC
o Electric Parking Break
o Sun Roof Motor
o Fuel Pump Motor
o ECM
o Wiper Motor
o Engine Cooling Fan
o HVAC
o VVT
o EGR
o Starter Motor
o Anti-lock Brake System
o EPS
o PLG
o Others
By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? France
? Spain
? Russia
? Italy
? Rest of Europe
o Asia-Pacific
? China
? India
? Japan
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
Answers to Important Questions
- What is the boom possible of the imported market?
- Which organization presently dominates the imported market? Will the organization proceed to dominate in the 2024-2032 forecast period?
- What are the fundamental techniques that gamers need to undertake in the coming years?
- Which regional market have to invulnerable the biggest market share?
- How will the aggressive panorama alternate in the future?
- What must gamers do to adapt to future aggressive changes?
- What will be the complete manufacturing and consumption in the imported market by using 2032?
- What are the subsequent key technologies? What influence will they have on the imported industry?
- Which product section is anticipated to exhibit the best CAGR?
- Which app is predicted to acquire the biggest market share?
This Report Provides:
- Assessment of the worldwide enterprise trends, ancient data from 2024, projections for the coming years, and anticipation of compound annual growth expenses (CAGR) via capability of the give up of the forecast period.
- Discoveries of new market chances and focused marketing methodologies for Market.
- Discussion of R&D, and the demand for new merchandise launches and applications. Wide-ranging enterprise agency profiles of major contributors in the industry.
- The composition of the market, in phrases of dynamic molecule varieties and targets, underlining the principal corporation sources and players.
- The boom in affected man or woman epidemiology and market earnings for the market globally and during the key game enthusiasts and market segments.
- Study the market in phrases of fashionable and top classification product revenue.
- Determine commercial enterprise probabilities in the market profits situation via inspecting trends in authorizing and co-development deals.
The Main Goals of Report Are:=
- To examine and assignment the extent of the international market for the market sector.
- To Researching the important gamers globally, their SWOT analysis, market value, and market share.
- To identify, describe, and mission market based totally on type, quit use, and geography.
- To take a look at the market advantages, challenges, dangers, and constraints in the world’s principal regions.
- To pick out key traits and variables that are advertising or inhibiting market growth.
- To decide the excessive increase segments in order to have a look at the market potentialities for stakeholders.
- To consider every submarket fastidiously in phrases of its very own boom sample and market contribution.
- To know market possessions, agreements, growth, and the introduction of new merchandise as aggressive advances.
- To strategically discover the essential gamers and completely take a look at their enlargement plans.
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