As indicated by the micro motor market report published by Fact.Mr, automotive applications will remain the most opportunistic area for micro motor manufacturers. Demonstrating 5% CAGR over 2017-2022, the automotive applications are presumed to attract the revenue of over US$ 9 Bn in the micro motor market, followed by applications in industry automation and medical equipment systems. Fact.MR predicts a similar CAGR for both industry automation and medical equipment during the projection period; however the former will remain superior to the latter in terms of revenue sales. “Driven predominantly by high-potential opportunities in automotive, industrial automation, and medical equipment systems, the global micro motor market revenue will expand at a moderate CAGR of 4.4% over 2017-2022, reaching around US$ 38 Bn towards 2022 end,” predicts an expert research analyst at Fact.MR. Strong growth in the demand for automation in analytical laboratories operating in chemical, l...