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Brushless DC Motors Market Size is projected to reach USD 33 Billion by 2030, growing at a CAGR of 6%: Straits Research

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New York, United States, July 18, 2022 (GLOBE NEWSWIRE) — 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.

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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.

Report Scope

Report Metric Details
Market Size USD 33 Billion by 2030
CAGR 6% (2022-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Shape, Size, and Application
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors Maxon Group, Faulhaber, Moog Inc., WITTENSTEIN SE, Allied Motion, AMETEK Advanced Motion Solution, MTI Montevideo, AVEOX, ElectroCraft Ltd., ThinGap, Fulling Motor, MOONS, among others.
Key Market Opportunities Rising Popularity of Miniature BLDC Motors
Key Market Drivers Increasing Investments in the Healthcare Sector

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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 17.8 Billion in 2020, and it is predicted to increase at a CAGR of 6% 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.

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Competitive Analysis

  • Maxon Group
  •  Faulhaber, Moog Inc.
  • WITTENSTEIN SE
  • Allied Motion
  • AMETEK Advanced Motion Solution
  • MTI Montevideo
  • AVEOX
  • ElectroCraft Ltd.
  • ThinGap, Fulling Motor
  • MOONS among others. 

Global Brushless DC Motors Market: Segmentation
By Shape

  • Cylindrical shape
  • Flat/ Pancake shape

By Size

  • Cylindrical size
  • Flat/ Pancake size

By Application 

  • Aerospace and defense
  • Outerspace
  • Medical and life science
  • Food and beverage
  • Robotics
  • Others

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • The Middle East and Africa

TABLE OF CONTENT
1          Introduction
1.1      Market Definition
1.2      Market Scope
2          Research Methodology
2.1      Primary Research
2.2      Research Methodology
2.3      Assumptions & Exclusions
2.4      Secondary Data Sources
3          Executive Summary
4          Market Overview
4.1      Report Segmentation & Scope
4.2      Value Chain Analysis: Brushless DC Motors Market
4.2.1  Vendor Matrix
4.3      Key Market Trends
4.3.1  Drivers
4.3.2  Restraints
4.3.3  Opportunities
4.4      Porter’s Five Forces Analysis
4.4.1  Bargaining Power of Suppliers
4.4.2  Bargaining Power of Buyers
4.4.3  Threat of Substitution
4.4.4  Threat of New Entrants
4.4.5  Competitive Rivalry
4.5      Environment & Regulatory Landscape
4.6      Forecast Factors & Relevance of Impact
4.7      Macro-Economic & Geopolitical Scenario
4.8      Parent Market Overview
4.9      Technology Landscape
4.10   Market Share Analysis
4.11   Potential Venture Analysis
4.12   Regional Price Trends
4.13   Raw Material Trends
4.14   Cost Structure Analysis
4.14.1 Labor Cost
4.14.2 Consumables
4.14.3 Maintenance Cost
4.15   Covid-19 Impact Analysis:
4.15.1 Pre and Post Covid-19 Market Scenario Analysis
4.15.2 Market Recovery Timeline and Challenge
4.15.3 Measures Taken by Top Players
4.15.4 Quarterly Market Revenue and Growth Forecast till 2021
4.15.4.1        North America
4.15.4.2        Europe
4.15.4.3        Asia-Pacific
4.15.4.4        Central and South America and the Caribbean
4.15.4.5        The Middle East and Africa
5           Shape Overview
5.1      Introduction
5.1.1  Market Size & Forecast (Value & Volume)
5.2      Cylindrical shape
5.2.1  Market Size & Forecast (Value & Volume)
5.3      Flat/ Pancake shape
5.3.1  Market Size & Forecast (Value & Volume)
6           Size Overview
6.1      Introduction
6.1.1  Market Size & Forecast (Value & Volume)
6.2      Cylindrical size
6.2.1  Market Size & Forecast (Value & Volume)
6.3      Flat/ Pancake size
6.3.1  Market Size & Forecast (Value & Volume)
7           Application Overview
7.1      Introduction
7.1.1  Market Size & Forecast (Value & Volume)
7.2      Aerospace and defense
7.2.1  Market Size & Forecast (Value & Volume)
7.3      Outerspace
7.3.1  Market Size & Forecast (Value & Volume)
7.4      Medical and life science
7.4.1  Market Size & Forecast (Value & Volume)
7.5      Food and beverage
7.5.1  Market Size & Forecast (Value & Volume)
7.6      Robotics
7.6.1  Market Size & Forecast (Value & Volume)
7.7      Others
7.7.1  Market Size & Forecast (Value & Volume)
8          Regional Overview
8.1      Introduction
8.1.1  Market Size & Forecast (Value & Volume)
8.2      North America
8.2.1  Economic Overview
8.2.2  Market Scenario
8.2.3  U.S.
8.2.4  Canada
8.2.5  Mexico
8.3      Central and South America and the Caribbean
8.3.1  Economic Overview
8.3.2  Market Scenario
8.3.3  Brazil
8.3.4  Argentina
8.3.5  Colombia
8.3.6  Rest of Central and South America and the Caribbean
8.4      Europe
8.4.1  Economic Overview
8.4.2  Market Scenario
8.4.3  Germany
8.4.4  France
8.4.5  The U.K.
8.4.6  Italy
8.4.7  The Rest Of Europe
8.5      Asia-Pacific (APAC)
8.5.1  Economic Overview
8.5.2  Market Scenario
8.5.3  China
8.5.4  Japan
8.5.5  India
8.5.6  Australia
8.5.7  South Korea
8.5.8  Rest Of APAC
8.6      Middle East
8.6.1  Economic Overview
8.6.2  Market Scenario
8.6.3  South Arabia
8.6.4  The UAE
8.6.5  Qatar
8.6.6  Oman
8.6.7  Turkey
8.6.8  The Rest Of Middle East
8.7      Africa
8.7.1  Economic Overview
8.7.2  Market Scenario
8.7.3  Nigeria
8.7.4  South Africa
8.7.5  The Rest Of Africa
9          Competitive Landscape — Manufacturers & Suppliers
9.1      Competition Dashboard
9.2      Industry Structure
9.3      Maxon Group
9.3.1  Business Overview
9.3.2  Financial Performance
9.3.3  Recent Developments
9.3.4  Portfolio
9.4      Faulhaber
9.5      Moog Inc.
9.6      WITTENSTEIN SE
9.7      Allied Motion
9.8      AMETEK Advanced Motion Solution
9.9      MTI Montevideo
9.10   AVEOX
9.11   ElectroCraft Ltd.
9.12   ThinGap
9.13   Fulling Motor
9.14   MOONS
10       Conclusion & Recommendation
11       Acronyms & Abbreviations

Table of Content and Figure @ https://straitsresearch.com/report/brushless-dc-motors-market/toc

Market News

  • On November 2, 2021, Allied Motion acquired ORMEC Systems Corp, a developer and manufacturer of mission-critical electro-mechanical automation solutions and motion control products.
  • On March 9, 2021, Allied Motion acquired Dynamic Controls Group, a wholly-owned subsidiary of Invacare Corporation,
  • On November 18, 2022, Maxon launched a new frameless BLDC motor with a matching encoder that comes into its own in dynamic applications.

News Media
Cloud Robotics Market to Grow at a CAGR of 28.7% During the Forecast Period, 2019–2026
2030: India’s Electric Vehicle Deadline? Optimistic or Realistic?
India’s Automotive Sector Outlook

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About Straits Research Pvt. Ltd.
StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
                                                               
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Artificial Intelligence

JupiterOne and watchTowr announce partnership to protect business critical assets with broad exposure management capabilities

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SINGAPORE, May 2, 2024 /PRNewswire/ — watchTowr, a leader in external attack surface management (EASM) technology and fuelled by watchTowr Labs, a renowned vulnerability R&D capability, has formed a strategic partnership with JupiterOne. JupiterOne is a leader in cyber asset attack surface management (CAASM) technology. This collaboration enables customers to rapidly prioritize emerging threats within their constantly changing environments, focusing on fixing the most critical risks impacting their business, which enables an end-to-end continuous threat exposure management process (CTEM).

Over 28,000 CVE records were published in 2023; a figure that is expected to increase as attackers shorten the time from known vulnerability to exploit, reducing it from weeks to days. JupiterOne and watchTowr’s integrated solution empowers enterprises to discover their most critical and exploitable vulnerabilities, prioritize them with asset context based on business impact and receive an actionable remediation plan to improve security posture.
This partnership enables a complete continuous threat exposure management program, addressing the full spectrum of cyber risk management. The fully integrated solution provides continuous monitoring and assessment of both internal and external digital assets, allowing for prioritization and effective threat mitigation for a business’s most critical assets. “Our partnership with watchTowr is a game-changer” said Forte. “Combining our data aggregation with real-time asset discovery and automated security testing allows us to offer a unique, all-encompassing approach to exposure management.”
Benjamin Harris, CEO, watchTowr, said, “While the number of reported vulnerabilities continues to rise, the vulnerabilities that matter – in mission-critical, key systems – have exploded at an alarming rate. This reality, combined with the significant shift in speed by attackers to weaponize vulnerabilities – the ability to validate exploitability and prioritise actions based on real business risk has never been more vital. We’re excited to join forces with JupiterOne to give security teams around the globe this much-needed end-to-end capability.”
About JupiterOne:
JupiterOne is a cybersecurity startup delivering powerful software solutions to companies across all industries, providing deep insights to cyber assets and the relationships between, empowering security professionals to have true knowledge and ownership of their attack surfaces.
About watchTowr: 
watchTowr is a global cybersecurity technology company, built by former adversaries.
watchTowr’s world-class External Attack Surface Management and Continuous Automated Red Teaming technology is informed by years of experience compromising some of the world’s most targeted organisations and utilised by Fortune 500, financial services and critical infrastructure providers every day.
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Clarivate Declares Dividend on Mandatory Convertible Preferred Shares

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LONDON, May 1, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT; CLVT PR A) (“Clarivate”), a leading global provider of transformative intelligence, today announced that its board of directors declared a quarterly dividend of $1.3125 per share on its 5.25% Series A Mandatory Convertible Preferred Shares (the “Preferred Shares”), payable in cash on June 3, 2024 to shareholders of record at the close of business on May 15, 2024.

On the mandatory conversion date, which is scheduled to occur on June 3, 2024, each Preferred Share will automatically and mandatorily convert into a number of ordinary shares of Clarivate (and cash in lieu of any fractional ordinary shares) based on the average volume weighted average price (“VWAP”) of Clarivate’s ordinary shares over a 30-trading day period that begins on, and includes, April 18, 2024 and is scheduled to end on, and include, May 30, 2024 (the “valuation period”). If such VWAP is (i) greater than $31.20, then the mandatory conversion rate will be 3.2052 ordinary shares of Clarivate per Preferred Share, (ii) less than or equal to $31.20 but equal to or greater than $26.00, then the mandatory conversion rate will be a number of ordinary shares of Clarivate per Preferred Share equal to $100.00 divided by such VWAP and (iii) less than $26.00, then the mandatory conversion rate will be 3.8462 ordinary shares of Clarivate per Preferred Share. The mandatory conversion rate will be announced following the end of the valuation period. The above description of the terms of the Preferred Shares is not complete and is subject to, and qualified in its entirety by reference to, the “Statement of Rights” for the Preferred Shares, which is filed as Exhibit 3.2 to Clarivate’s annual report on Form 10-K for the fiscal year ended December 31, 2023.
Cautionary Note Regarding Forward-Looking Statements
This communication contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future business, events, trends, contingencies, financial performance, or financial condition, appear at various places in this communication and may use words like “aim,” “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “goal,” “intend,” “likely,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “see,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” and “would” and similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on management’s current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. These forward-looking statements involve a number of risks and uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include those factors discussed under the caption “Risk Factors” in our annual report on Form 10-K, along with our other filings with the U.S. Securities and Exchange Commission (“SEC”). However, those factors should not be considered to be a complete statement of all potential risks and uncertainties. Additional risks and uncertainties not known to us or that we currently deem immaterial may also adversely affect our business operations. Forward-looking statements are based only on information currently available to our management and speak only as of the date of this communication. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, except as otherwise required by securities and other applicable laws. Please consult our public filings with the SEC or on our website at www.clarivate.com.
About Clarivate
Clarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com.
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CGTN: 3rd CMG Forum in Beijing discusses AI development

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BEIJING, May 1, 2024 /PRNewswire/ — Focusing on the development of AI, the third CMG Forum was held on Monday in Beijing.

Li Shulei, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and the head of the Publicity Department of the CPC Central Committee, attended the opening of the event and delivered a speech.
Guests at the forum stressed the role of media in promoting the innovative application of AI as well as its governance.
Efforts should also be made to boost the development of AI in creating positive, healthy, diverse and high-quality content, so that AI can become a force for good and benefit mankind, they agreed.
They also called on media to accelerate intelligent transformation and help bridge international exchanges and cooperation on the governance of AI to facilitate its healthy, orderly and safe development.
Hosted by China Media Group (CMG), the forum attracted more than 200 participants from international organizations, media, think tanks and multinational companies.
“Innovation and breakthroughs in science and technology not only guide the development and progress of human civilization, but also bring uncertainty to the changing world,” said Shen Haixiong, vice minister of the Publicity Department of the CPC Central Committee and president of CMG. He called for efforts to jointly create valuable and responsible artificial intelligence.
AI technology is affecting every aspect of our lives. Thomas Bach, president of the International Olympic Committee (IOC), stated in a video speech that CMG has always been a partner of the IOC, bringing the charm of the Olympic Games to hundreds of millions of Chinese viewers. He said the IOC invites CMG to work together for the creation of a future with the application of AI in Olympic sports.
“From ancient inventions such as silk, printing and the compass to modern technological advances such as robotics, telecommunications and green technology, China has always been committed to innovation and creation,” said Daren Tang, director general of the World Intellectual Property Organization (WIPO). He said WIPO pays close attention to ensuring a balance between the opportunities and risks of artificial intelligence and is committed to strengthening cooperation to ensure that artificial intelligence is properly used.
https://news.cgtn.com/news/2024-04-30/3rd-CMG-Forum-in-Beijing-discusses-AI-development-1tdDcXvCexG/p.html

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