Stepper motor is an electromechanical device that converts electrical energy into mechanical output. It is a brushless DC motor that divides a full rotation into number of equal steps; moreover, it is used in the odometer of the vehicle.

The global market for stepper motor is expected to expand at a steady pace during the forecast period owing to its limited application in vehicles. Moreover, automotive stepper motors are utilized in gauges installed in vehicles; however, a rise in the adoption of digital gauges is likely to decrease the demand for automotive stepper motor. Furthermore, the market for stepper motor is primarily driven by the increase in demand for entry level vehicles that contain analog type gauges. Additionally, some automotive manufacturers are adopting digital meters, thus the shift in preference is likely to hamper the automotive stepper motor market, in terms of value. Instrument consoles with semi digital display are highly popular among luxury car manufacturers, as they provide a more luxurious and esthetically appealing appearance to the vehicle. Higher accuracy of the analog speedometer coupled with rising production of vehicles is expected to be a key driver of the automotive stepper motor market.

The global automotive stepper motor market can be segmented based on type, technology, motion control, sales channel, vehicle, and region. Based on the type, the linear stepper motor segment is expected to hold a significant share of the market, owing to its wider range of applications along with high accuracy and better performance, as compared to the other segments.

In terms of technology, variable reluctance stepper motor is a highly attractive segment among all the technology segments of stepper motors. The variable reluctance stepper motor provides high accuracy and performance, which in turn drives the segment of the automotive stepper motor market. Moreover, variable reluctance motor is highly preferred for industrial applications too.

Based on motion control, the open loop segment is likely to account for a notable share of the automotive stepper motor market, as it is the best suited loop for the automotive stepper motor; however, it generates some losses in the form of resonance and oscillation. The performance of the closed loop system can be enhanced by using different techniques, thereby boosting the closed loop segment of the automotive stepper motor market.

In terms of sales channel, the OEM segment is anticipated to account for a prominent share of the automotive stepper motor market due to the low rate of replacement for automotive stepper motors. Furthermore, they possess a high lifespan and are replaced in case of severe damage due to accidents. Moreover, in most cases, the stepper motor is not replaced individually, instead the entire system is replaced.

Based on vehicle, the passenger vehicle segment is likely to hold a major share of the stepper motor market due to higher production of passenger vehicles, as compared to commercial vehicles. The production of passenger vehicles is rising in most regions across the globe, which is likely to boost the passenger vehicle segment during the forecast period. Stepper motors are also utilized in smaller vehicles, such as motorcycles and three wheelers. Consequently, expansion of the two wheeler and three wheeler market is anticipated to boost the demand for automotive stepper motors.

In terms of region, Asia Pacific is expected to dominate the global automotive stepper motor market, owing to the high production of vehicles in the region. High production of vehicles in China, Japan, and India is likely to significantly boost the automotive stepper motor market in the region. Europe is anticipated to be another leading market for automotive stepper motor, due to the significantly high production of vehicles in Germany, France, and Italy.

Key players of global automotive stepper motor market include Johnson Electric, Schneider Electric SE, Delta Electronics Inc., Nidec Motor Corporation, National Instruments Corporation, and Oriental Motor Co. Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

.