Consumer Electronics Electric Motor Market Share m

Consumer Electronics Electric Motor Market Share, Industry
Size, Trends, Growth and Forecast 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.

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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.

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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.

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