Rapid Industrialization in Asia-Pacific is Influencing Brushless DC Motors Market Demand

Introduction

Brushless DC motor (BLDC) is a device that converts electricity to mechanical power. It is widely used in many applications due to its high efficiency and excellent controllability. BLDC motors use less energy than other motor types.

Market Overview

Investments in Healthcare Industry to Expand the Brushless DC Motors Market 

Durability is a crucial factor in medical equipment design. Many applications call for BLDC motors due to their efficiency, compactness, and dependability. The increasing global need for high-throughput medical analysis and testing pushes technology development. BLDC motors achieve this by generating high torque across a wide speed range.

Elevators, patient beds, blowers, compressors, surgical equipment, oxygen concentration, and generation equipment use BLDC motors. The demand for BLDC motors in healthcare increased in 2019. In 2019, hospital spending climbed 6.2% compared to 4.2 % in 2018.

Miniature BLDC Motors to be Liable for the Growth of the Market

Miniature motors are widely used due to their great precision, compact size, and high efficiency. They are rising in demand as automation grows. Collaboration robots have also raised micromotor demand. Small motors are needed for robotic arms, grippers, humanoids, and prosthetic arms.

Cooperative robotics and artificial intelligence should enhance the technological future. COBOTs keep workers safer and hurt less. The fourth industrial revolution's demand for automation has boosted COBOT manufacturing. Doosan Robotics presented six new COBOTs on July 29, 2020. Small BLDC motors will be needed as COBOT demand develops.

Impact of COVID-19

COVID-19 halted production in industries, including aerospace and food and beverage. Government-imposed social isolation and partial or total lockdown also impaired the market. The COVID-19 pandemic has impacted the worldwide aerospace and military industries.

America's commercial airlines reported a 68% reduction in passengers from September 2019. It has endangered airlines, manufacturers, supply networks, airports, and tourism. According to the IATA, global airlines lost more than three times during the GFC. As the danger of COVID-19 has subsided, the market is experiencing a surge in overall growth. 

Regional Insights

In 2020, Asia-Pacific accounted for over half of the global BLDC motor market. This industry is expected to expand due to industrialization in Asia-Pacific countries like Japan and India. It also produces electrical components. Taiwan's electronics industry is developing, increasing demand for BLDC motors.

The US aerospace and defense industry is expected to grow faster than Europe's. NASA and many companies, including SpaceX, are developing projects to increase demand for BLDC motors. Some NASA space exploration missions, including DaVinci and Viper, aim to help BLDCs. Additionally, nurses, doctors, and other healthcare staff rely on service robots. The Robotic Industries Association reports a 3.5 % rise in North American robotic unit sales (RIA).

Key Highlights

• The global BLDC motors market was valued at USD 3443 million in 2020, and it is predicted to increase at a CAGR of 5% from 2021 to 2030.
• By shape, the global BLDC motors market was divided into cylindrical and flat /pancake shapes. The cylindrical section acquired the highest market share in 2021.
• By application, the medical and life science segment has acquired the largest share in 2021 and is expected to grow at a CAGR of 5.3% by 2030
• The need for medical equipment is expected to increase as India invests in hospitals and medical infrastructure. As a result, the medical industry needs BLDC motors.

Competitive Players

1.  Johnson Electric Holdings Limited
2. NIDEC CORPORATION
3. ORIENTAL MOTOR USA CORP
4. MAXON GROUP
5. FAULHABER GROUP
6. Dunkermotoren GmbH
7. MinebeaMitsumi Inc.
8. Moog Inc.
9. WITTENSTEIN SE
10. Allied Motion Inc.
11. AMETEK ADVANCED MOTION SOLUTION
12. MTI MOTION
13. Aveox Inc.
14. ElectroCraftltd.
15. MOONS'
16. Others

Recent Developments

Drive expert Maxon has participated in Cybathlon since its inception in September 2022. Maxon joined the third edition as a Gold Partner without any hesitation.

February 2022 will see Moog Inc. announces the purchase of Team Accessories Limited in Dublin.

Renesas Introduces the First Family of Automotive Radar Transceivers in November 2022 with the Highest Accuracy and Lowest Power Consumption in the Industry.

With a new offering of comprehensive custom control systems for motion and power generation applications in October 2022, ARC Systems Inc. has continued to strengthen its capacity to meet specialty control and power requirements. The addition of production manager Jason Barbely to the ARC Systems team has made this capability possible. Jason is an expert in electronics design and manufacturing.

Segmentation

1. By Type
   1. Inner Rotor
   2. Outer Rotor
2. By Shape
   1. Cylindrical shape
   2. Flat/ Pancake shape
3. By Size
   1. Cylindrical size
   2. Flat/ Pancake size
4. By Application
   1. Aerospace and defense
   2. Outerspace
   3. Medical and life science
   4. Food and beverage
   5. Robotics
   6. Others
5. By End User
   1. Consumer Electronics
   2. Automotive
   3. Manufacturing
   4. Medical Devices
   5. Others (including HVAC, agricultural, solar pumps, and aerospace & defense applications)