Micromotor Market worth USD 68.3 billion by 2028, at a CAGR of 8.8%
The micromotor market is projected to grow from USD 44.8 billion in 2023 to USD 68.3 billion by 2028, at a CAGR of 8.8% during the forecast period. Micromotors have wide applications in automotives, medical equipment, agriculture equipment system, aircraft systems, industrial automation processes, etc. With the increase in demand for minituarization of components in automoives, medical devices, aerospace...