Automotive Motor Market By Product Type (Direct Current Brushed Motors, Direct Current Brushless Motors, and Stepper Motors)

Automotive Motor Market By Product Type (Direct Current Brushed Motors, Direct Current Brushless Motors, and Stepper Motors), By Application (Performance Motors, Comfort Motors, and Safety Motors), By Vehicle Type (Passenger Cars, Two/Three Wheelers, and Commercial Vehicles (Light Commercial Vehicles and Heavy Commercial vehicles)), By Electric Vehicle (Plug-in Hybrid Electric Vehicle, Hybrid Electric Vehicle, and Battery Electric Vehicle), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East& Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

Automotive motors are electric systems that are integrated into various automotive components such as airbags, anti-lock braking systems (ABS), and power windows that enhance vehicle performance, improve safety, and increases comfort. Extensive growth of global automotive sector, especially in the sales of electric vehicles, along with stringent government regulations pertaining to vehicle safety is driving the market growth. Majorly, three types of motors are used in vehicles that are direct current brushed motors, direct current brushless motors, and stepper motors. Additionally, a variety of automobiles are quickly adopting technologies for autonomous driving and driver assistance. The convenience and safety of passengers in an automobile are being improved with lane-keeping assistance and fully mounted controls. Different automotive motors, including brush motors, stepper motors, and brushless DC motors, are used in autonomous vehicles.

Market Dynamics

Electric motors, artificial intelligence (AI) software, light detection and ranging (LiDAR), and RADAR sensing technology are used in the development of driverless cars and self-driving cars. These technologies are utilized to build an active 3D map of the surroundings, and monitor a 60-meter radius around the car. The vehicle is designed that it can move between locations without a human operator. Because autonomous vehicles use lower battery capacities and burn less gasoline than conventional automobiles, these have a low environmental impact. For instance, in January 2021, a leading mobility supplier DENSO collaborated with U.S. LiDAR and perception systems company, Aeva, to introduce next-generation Frequency Modulated Continuous Wave (FMCW) LiDAR and perception system to market. Moreover, advancement in gallium-based LiDAR, has reduced the cost of sensors in recent years, encouraging more manufacturers to make use of the technology.

Key features of the study:

This report provides an in-depth analysis of the global automotive motor market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players

It profiles leading players in the global automotive motor market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans

Companies covered as a part of this study are Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Magna International, Mitsubishi Electric Corporation, Valeo S.A., Mahle Group, Nidec Corporation, and Borgwarner Inc.

Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics

Global automotive motor market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive motor market

Detailed Segmentation

Global Automotive Motor Market, By Product Type:

Direct Current Brushed Motors

Direct Current Brushless Motors

Stepper Motors

Global Automotive Motor Market, By Application:

Performance Motors

Comfort Motors

Safety Motors

Global Automotive Motor Market, By Vehicle Type:

Sub-Segment

Passenger Cars

Two/Three Wheelers

Commercial Vehicles

Light Commercial Vehicles

Heavy Commercial vehicles

Global Automotive Motor Market, By Electric Vehicle:

Plug-in Hybrid Electric Vehicle (PHEV)

Hybrid Electric Vehicle (HEV)

Battery Electric Vehicle (BEV)

Global Automotive Motor Market, By Region:

North America

By Country

U.S.

Canada

Europe

By Country

Germany

U.K.

France

Italy

Spain

Russia

Rest of Europe

Asia Pacific

By Country

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Latin America

By Country

Brazil

Mexico

Rest of Latin America

Middle East & Africa

By Country/Region:

GCC Countries

South Africa

Rest of Middle East & Africa

Company Profiles

Siemens AG

Product Portfolio

Financial Performance

Key Strategies

Recent Developments/ Updates

Robert Bosch GmbH

Continental AG

Denso Corporation

Magna International

Mitsubishi Electric Corporation

Valeo S.A.

Mahle Group

Nidec Corporation

Borgwarner Inc.

“*” marked represents similar segmentation in other categories in the respective section.