Consumer Electronics Electric Motor Market - By Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, and Universal Motor), By Electric Motor (Computer, Mobile Phone, Appliances {Refrigerators, Washing Machine, Vacuum Cleaner, Microwave Oven, Mix

Consumer Electronics Electric Motor Market - By Type (Alternate Current (AC) Motor, Direct Current (DC) Motor, and Universal Motor), By Electric Motor (Computer, Mobile Phone, Appliances {Refrigerators, Washing Machine, Vacuum Cleaner, Microwave Oven, Mixer, Grinders, Juicers}, Fans) & Forecast, 2023 - 2032

Global Consumer Electronics Electric Motors Market is slated to witness lucrative gains through 2032. Growing disposable incomes coupled with rapid industrialization in emerging economies such as India and China have bolstered consumer spending on electronic products, creating a strong growth outlook for the industry. As per the Press Information Bureau of India, in the year 2021-222, the country’s production of electronics was valued at USD 80 billion.

Many companies operating in this field are opting for mergers and acquisition strategies to stay ahead of the competition, which will favor industry growth through 2032. For instance, in May 2022, Allied Motion Technologies Inc., a U.S.-based manufacturer of advanced motion control products, announced the acquisition of ThinGap, a prominent manufacturer of zero-cogging slotless motors. This strategic move will help the company expand its precision motion capabilities and advance its strategy to offer integrated motion solutions in the area of semiconductors, robotics, and others.

The overall consumer electronics electric motors market is categorized in terms of type, application, and region.

Based on type, the consumer electronics electric motors industry size from the universal motor segment is poised to be worth over USD 6 billion by 2032. This can be credited to the growing demand for household appliances and portable power equipment that run on these motors. Due to their simple construction, these motors cost less and require low power input for operations. Their compactness and lightweight make them suitable for manufacturing home appliances such as blenders, vacuum cleaners, sewing machines, and more, thus, augmenting segment gains.

In terms of application, the consumer electronics electric motors market share from mobile phone segment is anticipated to record significant growth through 2032. Recent advancements in electronic appliances have led to the development of linear resonant actuators which demonstrate high energy efficiency, offer precise haptic feedback, and are compact, making them suitable for mobile applications. Moreover, electric motors have gained immense traction in the cameras of mobile phones for deploying autofocus mechanisms.

On the regional front, Europe consumer electronics electric motors market is expected to grow at over 6% CAGR from 2023 to 2032. Government-led initiatives in the region focused on cutting down GHG emissions have bolstered the demand for energy-efficient yet high-performing electric motors for manufacturing consumer electronics. In fact, the European Climate Law introduces an obligation for EU countries to cut greenhouse gas emissions by at least 55% by 2030. Such initiatives will streamline the expansion of the regional industry throughout the estimation period.