Global Automotive Motors Market 2017-2021

Overview of the global automotive motors market

Technavio’s market research analyst predicts the global automotive motors market to grow steadily at a CAGR of above 5% by 2021. One of the primary drivers for this market is the rise in the demand for active safety systems. Safety systems provide regular alerts to drivers to keep them and their vehicles out of potentially hazardous situations. They prevent vehicle accidents during critical situations and protect passengers from injuries. Various active and passive automotive safety systems are being increasingly used, since passenger safety has become a prime concern for automotive manufacturers. Consequently, automotive manufacturers are constantly focusing on improving the integration of passive safety systems with active safety systems, especially side and knee airbags, seat belts, ABSs, advanced emergency braking systems, and night vision systems as they reduce the impact of accidents. This is a major driver for the growing adoption of electric motors in the automotive market, which in turn, will propel growth in the global automotive motors market during the forecast period.

One of the latest trends gaining traction in this market is the growing popularity of the in-wheel micro drive systems. The installation of motors next to the wheel in parallel is an emerging trend in the market. This is a direct drive, where motors are small but offer a high torque. For instance, Protean Electric developed an inside out motor, where high torque is generated by mounting the magnets on a rotor that sits outside the stator. This allows the coil and magnets to have a large diameter, which creates a high torque. This advantage of the in-wheel micro drive systems will augment growth in the global automotive motors market in the coming years.

Competitive landscape and key vendors

The automotive motors market is comprised of several manufacturers focussing on rapid technological innovations. Also, the introduction of automotive OEMs as powertrain manufacturers, particularly for the electric vehicles (EVs) market is expected to intensify the competition among the existing motor vendors. With vendors attempting to gain higher market shares in the developing countries, the market competition is expected to further intensify in the next four years.

Leading vendors in the market are –

• Johnson Electric
• Nidec
• Continental
• Bosch
• Denso

Other prominent vendors in the automotive motors market include MITSUBA, IFB Automotive, and Panasonic.

Segmentation by motor type and analysis of the automotive motors market

• Brushed DC motors (BDCMs)
• Brushless DC motors (BLDCMs)

During 2016, the BDCMs segment dominated the automotive motors market and accounted for a major part of the overall market share. The high adoption rate in the early phase of electrification of vehicles is the key factor responsible for the dominance of this segment in the global market. Another factor that drives their adoption and makes them one of the most preferred motors in the automotive market is their low cost and simple drive control options. Systems such as windshield wipers, power windows, and power seats are highly dependent on BDCMs.

Geographical segmentation and analysis of the automotive motors market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated APAC to dominate the automotive motors market during the forecast period. Factors such as the high-volume consumption of passenger cars and the rising adoption of electric cars in the region are the key contributors to the demand for automotive motors in the region. Also, the region is expected to grow at a slower rate as most of the motor technologies in the market are in the maturity stage. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive motors market?
• What are the key market trends impacting the growth of the global automotive motors market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive motors market?
• What are the market opportunities and threats faced by the vendors in the global automotive motors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive motors market?

Technavio also offers customization on reports based on specific client requirement.

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