Stepper Motors Market Share, Size, Trends, Industry Analysis Report, By Type (Permanent Magnet, Hybrid, Variable Reluctance), By Motion Control (Closed Loop, Open Loop), By Application, By Region, And Segment Forecasts, 2024 - 2032
- Published Date:Jan-2024
- Pages: 115
- Format: PDF
- Report ID: PM3799
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global stepper motors market size and share was valued at USD 3.18 billion in 2023 and is expected to grow at a CAGR of 4.6% during the forecast period.
Expanding robotics and automation industry has driven a surge in demand for compact stepper motors that can be accommodated in limited spaces. Motor designers are placing greater emphasis on enhancing design and manufacturing practices to deliver superior products with enhanced efficiency. The advancements in design and streamlined manufacturing processes of miniature motors have led to their widespread adoption in diverse applications, including the automobile, robotics, and semiconductor industries.
A stepper motor is a type of brushless synchronous DC motor that transforms electromagnetic pulses into mechanical shaft rotation. Unlike other motor types, stepper motors have the capability to convert a full rotation into a series of small angular steps. Stepper motors can only take one step at a time and must be sent a separate pulse for every step. As each pulse results in the motor rotating by a precise distance, there’s no need to have a feedback mechanism to control its position.
There are three basic types of stepper motors in the stepper motors market. These are variable reluctance stepper motors, permanent magnet stepper motors, and hybrid stepper motors. Stepper motors don’t have contact brushes, making them highly reliable. Also, they provide excellent responses to starting, stopping, and reversing. These motors find a wide range of applications in a wide range of sectors and disciplines. Some of their most common uses include computing, robotics, cameras and scanning, process automation, and precision positioning equipment. With advances in stepper motor technology, the market is anticipated to witness steady growth over the forecast period.
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These sectors necessitate motors with attributes like high precision, high torque speed, and improved efficiency, making miniature motors a preferred choice. Furthermore, the market is experiencing remarkable growth due to the escalating automobile production and the increasing number of motors incorporated into each vehicle. This trend is further driving the demand for compact and high-performing stepper motors to meet the requirements of various automotive applications.
However, the market for stepper motors is poised to mitigate these hindrances due to several advantages they offer over servo motors. These advantages include higher torque density, detent torque, and the ability to handle high inertia loads. These unique characteristics of stepper motors are expected to counterbalance the impact of substitute threats and support the market's growth over time. As a result, the market for stepper motors is likely to maintain its relevance and continue to serve a diverse range of applications in various industries, ensuring sustained growth in the face of potential challenges.
The research study provides a comprehensive analysis of the industry, assessing the market based on various segments and sub-segments. It sheds light on the competitive landscape and introduces stepper motors market key players from the perspective of market share, concentration ratio, etc. The study is a vital resource for understanding the growth drivers, opportunities, and challenges in the industry.
The stepper motors market study is a compilation of first-hand data, quantitative and qualitative assessment by industry experts, and inputs from the most relevant stakeholders in the value chain. It uses a number of analytical tools to study and assess the data of key industry players and their stepper motors industry share. Analytical tools used to prepare the report include SWOT analysis, Porter’s Five Forces analysis, feasibility study and investment return analysis, amongst others.
Industry Dynamics
Growth Drivers
Advancement in stepper motor technology
Advancement in stepper motor technology has given rise to waterproof stepper motors, which have gained significant popularity in the packaging industry due to their ability to perform corrosion-free operations. Additionally, these motors offer several advantages, including stable operation, low torque, minimal noise, rapid start-up response, and cost-effectiveness, making them a preferred choice for users seeking efficient machine operation. Their ability to ensure reliable and efficient performance in challenging environments, such as the packaging industry, has garnered considerable attention and adoption in various applications. As a result, the market for waterproof stepper motors is experiencing notable growth driven by their superior performance and cost-efficiency, meeting the needs of both manufacturers and end-users.
Report Segmentation
The market is primarily segmented based on type, motion control, application, and region.
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By Type |
By Motion Control |
By Application |
By Region |
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By Type Analysis
Hybrid motors segment accounted for the largest share in 2022
Hybrid accounted for a major global share. This can be attributed to the combination of variable reluctance (VR) and permanent magnet (PM) technologies, which enables the attainment of significant power in a compact package size. The hybrid technology offers several advantageous features, including high torque, efficient performance at low speeds, and reduced stepping rate, thereby contributing to the segment's substantial growth.
Furthermore, hybrid stepper motors find extensive utilization in medical equipment and industrial machinery applications. In the medical sector, they are employed in medical pumps, ventilation equipment, and surgical hand tools, where their reliable performance is crucial. Additionally, the high precision control offered by hybrid stepper motors has significantly increased their adoption in industrial machinery, where accuracy and efficiency are paramount.
Permanent segment is likely to register the highest growth rate. These motors are favored for their high detent torque compared to VR motors and their ability to operate at low power consumption due to the absence of a physical commutator and brushes. The elimination of external current requirements for the rotor in permanent magnet motors results in cost reduction and enables the production of more torque per ampere of stator current.
Permanent magnet motors offer significant advantages in various applications, including increased power density, reduced weight, & lower emissions. Additionally, their response to digital input pulses allows for open-loop control, making them more cost-effective and easier to operate. These motors find extensive use in diverse applications such as computer peripherals, motion control, & robotics. Their superior detent torque, energy efficiency, and straightforward operation make them a preferred choice in various industries, contributing to their considerable market presence and continued demand.
By Motion Control Analysis
Open loop segment expected to hold substantial market share in 2022
The open loop segment is projected to hold a significant market share. Stepper motors inherently function as open-loop devices, operating through a pulse sequence with fixed time intervals. Their accurate position can be determined through small step sizes without requiring complex control schemes or the use of feedback devices. The open-loop control of stepper motors is widely accepted in applications involving speed and position control. Its simplicity and cost-effectiveness make it a preferred choice compared to closed-loop motion control methods. This robust and straightforward control mechanism of stepper motors has solidified its position as a reliable solution for various industrial and automation applications, driving its substantial market presence and continued adoption.
The closed loop segment witnessed steady growth. It provides improved accuracy and stability, making it well-suited for applications that require precise positioning and smooth rotation. It offers the ability to achieve higher speeds with enhanced stability, quick response, and instant acceleration. By incorporating closed-loop control, stepper motors can overcome their limitations and offer superior performance, making them an increasingly attractive choice for a wide range of industrial and automation applications. The growing recognition of the advantages offered by closed-loop motion control is anticipated to fuel the expansion of this segment in the market in the coming years.
By Application Analysis
Automotive segment expected to hold a substantial market share in 2022
The automotive segment is projected to hold a significant market share. Stepper motors find extensive use in various types of vehicles, including electric vehicles, hybrid vehicles, & conventional cars. Stepper motors are particularly well-suited for hybrid and electric vehicles due to their high efficiency and relatively simple cooling requirements. These motors play a crucial role in different automotive applications, such as power steering systems, engine cooling fans, & power windows.
With the growing emphasis on energy efficiency and sustainable transportation solutions, the demand for stepper motors in the automotive sector is expected to remain strong. Their reliable performance and precise control capabilities make them an ideal choice for various automotive applications, contributing to their significant market presence and continued adoption in the automotive industry.
Industrial machinery is expected to witness the fastest growth rate. This growth can be attributed to the rising adoption of stepper motors in several industrial applications, including extruders, feeder drives, & robotics. These motors find extensive use in retrofit kits & computerized numerical control (CNC) machines. Moreover, stepper motors play a vital role in machine tools and automated production equipment, where they serve as single or multi-controllers. The versatility and precise control capabilities of these motors make them indispensable in the industrial sector for achieving accurate and reliable motion control in various applications.
Regional Insights
Asia Pacific region dominated the global market in 2022
Asia Pacific dominated the global market. The significant growth in this region can be attributed to the escalating adoption of stepper motors in motion control systems, particularly in countries like China & Japan. These nations have witnessed a surge in demand for motion control solutions across various industries, which has led to the increased use of stepper motors to meet the requirements of precise and reliable motion control in a wide range of applications.
Europe is likely to emerge as the fastest growing region. Countries such as Germany, France, & Italy have a considerably high production of vehicles, driving the demand for stepper motors in automotive applications. Moreover, the growing consumer demand for more advanced and capable infotainment units in vehicles is expected to be a key driver for the market in Europe during the forecast period. This demand for enhanced infotainment systems is pushing manufacturers to integrate more sophisticated motion control solutions, including stepper motors, into their automotive products.
Key Market Players & Competitive Insights
The stepper motors market is fragmented and is anticipated to witness competition due to several players' presence. Major service providers in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share.
Some of the major players operating in the global market:
- ABV Technologies
- AMETEK
- Changzhou Fulling Motors
- MinebeaMitsumi
- MOONS
- Nanotec Electronic
- ORIENTAL MOTORS
- Nidec Corporation
- Nippon Pulse America.
- ORIENTAL MOTORS
- Phytron.
- Shinano
Recent Developments
- In April 2023, Nanotec introduced the GP42-N series, gearbox designed for use with both brushless DC motors & stepper motors featuring a NEMA 17 flange (42 mm). The gearbox is equipped with seven different reduction options, available in both single- & two-stage variants, providing a wide torque range of 0.8-4.9 Nm.
Stepper Motors Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 3.27 billion |
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Revenue Forecast in 2032 |
USD 4.67 billion |
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CAGR |
4.6% from 2024 – 2032 |
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Base year |
2023 |
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Historical data |
2019 – 2022 |
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Forecast period |
2024 – 2032 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2024 to 2032 |
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Segments Covered |
By Type, By Motion Control, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
Uncover the dynamics of the stepper motors market sector in 2024 with detailed statistics on market share, size, and revenue growth rate meticulously curated by Polaris Market Research Industry Reports. This all-encompassing analysis extends to a forward-looking market forecast until 2029, complemented by a perceptive historical overview. Immerse yourself in the profound insights offered by this industry analysis through a complimentary PDF download of the sample report.
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FAQ's
The stepper motors market report covering key segments are type, motion control, application, and region.
Stepper Motors Market Size Worth $4.67 Billion by 2032.
The global stepper motors market is expected to grow at a CAGR of 4.4% during the forecast period.
Asia Pacific is leading the global market.
key driving factors in stepper motors market are Increasing Automation in Various Industries
