Consumer Electronics Electric Motor Market Size - By Motor Type (DC Motors, AC Motors, Induction Motors, Universal Motors), By Application (Home Appliances, Personal care products, Entertainment devices, smartphones, HVAC systems), & Forecast, 2024 - 2032

Consumer Electronics Electric Motor Market Size - By Motor Type (DC Motors, AC Motors, Induction Motors, Universal Motors), By Application (Home Appliances, Personal care products, Entertainment devices, smartphones, HVAC systems), & Forecast, 2024 - 2032

Global Consumer Electronics Electric Motor Market will exhibit 5.4% CAGR during 2024-2032, driven by technological advancement, increasing adoption of smart devices, and growing focus on energy efficiency in consumer electronics.

As per data from IoT Analytics, in 2023, a 16% increase was forecasted in the global number of connected IoT devices, reaching 16.7 billion active endpoints. With the proliferation of smart technologies across various consumer electronics products such as smartphones, smart home appliances, and wearable devices, there is a growing need for efficient electric motor solutions to power these devices. Smart devices require motors that can provide precise control, low power consumption, and seamless integration with connectivity features. As consumers embrace the convenience and connectivity offered by smart devices, manufacturers are compelled to incorporate advanced electric motors to meet the evolving demands of the market, thereby inducing industry growth.

The Consumer Electronics Electric Motor Market is classified based on motor type, application, and region.

AC motors segment will witness significant traction during the forecast period, owing to its advantages, including robustness, reliability, and cost-effectiveness, which makes them ideal for a wide range of applications in consumer electronics. From powering home appliances such as refrigerators and washing machines to driving HVAC systems in smart thermostats and air conditioners, AC motors enhance the functionality and efficiency of modern consumer electronics products, thereby inducing segment growth.

The Consumer Electronics Electric Motor Market from the personal care products segment will grow appreciably through 2032, driven by rising consumer awareness regarding personal grooming and hygiene. Electric motors form the core component of these products, enabling precise control and efficient operation. As consumers prioritize convenience and performance in personal care products, manufacturers are leveraging advanced electric motor technologies to introduce innovative and feature-rich offerings to the market.

North America Consumer Electronics Electric Motor industry will gain prominence by 2032, driven by the strong presence of leading consumer electronics manufacturers and a technologically savvy consumer base. Additionally, stringent regulations promoting energy efficiency and environmental sustainability are further propelling market growth in the region. Moreover, with increasing investments in R&D and the presence of key players, the region is poised to maintain its leadership position in the global consumer electronics electric motor market.