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

Consumer Electronics Electric Motor Market Size

Consumer Electronics Electric Motor Market was valued at USD 14 billion in 2023 and is predicted to witness around 5.4% CAGR from 2024 to 2032, due to an increase in the consumption of energy efficient appliances. Manufacturers are incorporating advanced electric motors to comply with energy efficiency standards and meet consumer demand for eco-friendly products.

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Technological advancements such as, development of brushless DC motors drive the market growth. These advancements help motors to be more energy efficient, compact, and they also perform better. The growth of electric motors in consumer electronics has also been boosted by the development of IoT and monitoring data functionalities.
 

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The consumer electronics electric motor market can pose challenges to the price sensitive consumers as cost is a critical factor. Manufacturers are constantly recommended to lower the prices to match the intense competition while maintaining the quality and the performance standards of the brands. To achieve performance optimization with quality, while keeping the prices economic is quite a challenge especially for small manufacturers.
Additionally, consumer tastes and preferences rapidly change due to various factors such as, lifestyle choices and technology. If a consumer purchases brand A, that does not mean he will keep on purchasing the same brand over the years. Therefore, it is crucial to study the market and understand the consumer preferences and ongoing trends in the market and response to shifts in consumer choices.

Consumer Electronics Electric Motor Market Trends

There is an increasing demand for compact, lighter consumer electronic motors these days. Increased urbanization and population boom has made the residential space smaller in cities, therefore, consumers prefer compact and easy to carry appliances. To meet this demand, manufacturers are focusing on miniaturizing electric motors while maintaining or even enhancing performance.
In addition to miniaturization, there is a trend of noise reduction. Consumers prefer appliances and personal care devices where quiet operation is desirable. Electric motor manufacturers are developing quiet motor technologies and incorporating noise-reducing features such as precision engineering, vibration dampening, and advanced control algorithms. For example, Philips has launched a silent mixer grinder which does its task with little to no noise. Silent operation enhances user experience and enables the development of noise-sensitive applications such as robotic vacuum cleaners and electric shavers.

Consumer Electronics Electric Motor Market Analysis

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Based on motor type, the DC Motor segment was worth over USD 6.3 billion in 2023. DC motors are easy to operate even in variety of voltage. The direction and speed of rotation can be easily controlled and can be made more precise. They are more compact and can easily fit in small spaces such as smartphones, smartwatches, cameras. They have quick response time. Therefore, they are used for a variety of consumer electronics.

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Based on application, the entertainment devices segment held a market share of about 47% in 2023. Entertainment devices such as gaming consoles, projectors, audio devices and wearables such as, smart watches and fitness trackers have been in demand, especially after covid 19 pandemic. DC motors have been used in them as they are compact, efficient and are compatible with batteries. 

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Asia Pacific consumer electronics electric motor market size exceeded USD 4.4 billion in 2023. This growth is attributed to the population boom of the region. Also, the rise in disposable income in countries like China, India, Japan has contributed to growth of demand of electronics such as, refrigerators, washing machines, smartphones, smartwatches, etc.

Consumer Electronics Electric Motor Market Companies

Major players operating in the consumer electronics electric motor industry are

• Nidec Corporation
• Johnson Electric Holdings Ltd.
• Mabuchi Motor Co. Ltd.
• Siemens AG
• Mitsumi Electric Co. Ltd.
• Maxon Motor AG
• Ametek, Inc.
• Allied Motion Technologies Inc.
• Industrial Equipment Systems Co. Ltd.
• FAULHABER Group
• Toshiba
• Emerson Electric Co.
• Regal Rexnord Corporation
• Rockwell Automation Inc.
• Franklin Electrics
• TECO Westinghouse

Consumer Electronics Electric Motor Industry News

• In October 2023, Posco Daewoo announced that it will return to India to launch electric motorcycles and e-cycles. Posco Daewoo has launched cars like Sedan and Matiz Hatchback in India. They are also planning to expand its operation in consumer electronics as well.

This consumer electronics electric motor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) and volume in (Million Units) from 2018 to 2032, for the following segments

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Market, By Motor Type

• DC Motors
• AC Motors
• Induction Motors
• Universal Motors

Market, By Application

• Home appliances
• Personal care products
• Entertainment devices
• Smartphones
• HVAC systems (heating, air conditioning)

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Belgium
  • Sweden
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Vietnam
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Iran
  • Turkey
  • Rest of MEA