Automotive motors are electric systems that are integrated into various automotive components such as airbags, anti-lock braking systems (ABS), and power windows that enhance vehicle performance, improve safety, and increases comfort. Extensive growth of global automotive sector, especially in the sales of electric vehicles, along with stringent government regulations pertaining to vehicle safety is driving the market growth. Majorly, three types of motors are used in vehicles that are direct current brushed motors, direct current brushless motors, and stepper motors. Additionally, a variety of automobiles are quickly adopting technologies for autonomous driving and driver assistance. The convenience and safety of passengers in an automobile are being improved with lane-keeping assistance and fully mounted controls. Different automotive motors, including brush motors, stepper motors, and brushless DC motors, are used in autonomous vehicles. 

Market Dynamics

Electric motors, artificial intelligence (AI) software, light detection and ranging (LiDAR), and RADAR sensing technology are used in the development of driverless cars and self-driving cars. These technologies are utilized to build an active 3D map of the surroundings, and monitor a 60-meter radius around the car. The vehicle is designed that it can move between locations without a human operator. Because autonomous vehicles use lower battery capacities and burn less gasoline than conventional automobiles, these have a low environmental impact. For instance, in January 2021, a leading mobility supplier DENSO collaborated with U.S. LiDAR and perception systems company, Aeva, to introduce next-generation Frequency Modulated Continuous Wave (FMCW) LiDAR and perception system to market. Moreover, advancement in gallium-based LiDAR, has reduced the cost of sensors in recent years, encouraging more manufacturers to make use of the technology.

Key features of the study:

• This report provides an in-depth analysis of the global automotive motor market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
• It profiles leading players in the global automotive motor market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans

• Companies covered as a part of this study are Siemens AG, Robert Bosch GmbH, Continental AG, Denso Corporation, Magna International, Mitsubishi Electric Corporation, Valeo S.A., Mahle Group, Nidec Corporation, and Borgwarner Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
• Global automotive motor market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive motor market

Detailed Segmentation

• Global Automotive Motor Market, By Product Type:
  • Direct Current Brushed Motors
  • Direct Current Brushless Motors
  • Stepper Motors
• Global Automotive Motor Market, By Application:
  • Performance Motors
  • Comfort Motors
  • Safety Motors
• Global Automotive Motor Market, By Vehicle Type:
  • Sub-Segment
  • Passenger Cars
  • Two/Three Wheelers
  • Commercial Vehicles
    • Light Commercial Vehicles
    • Heavy Commercial vehicles
• Global Automotive Motor Market, By Electric Vehicle:
  • Plug-in Hybrid Electric Vehicle (PHEV)
  • Hybrid Electric Vehicle (HEV)
  • Battery Electric Vehicle (BEV)
• Global Automotive Motor Market, By Region:
  
  • North America
    
    • U.S.
    • Canada
  • Europe
    
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
      • Rest of Europe
  • Asia Pacific
    
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
• Company Profiles
  • Siemens AG
  • Robert Bosch GmbH
  • Continental AG
  • Denso Corporation
  • Magna International
  • Mitsubishi Electric Corporation
  • Valeo S.A.
  • Mahle Group
  • Nidec Corporation
  • Borgwarner Inc.