The global stepper motor market size was $2.5 billion in 2019, and it is projected to register a CAGR of 3.4% over the forecast period (2020–2030). Technological advancements in stepper motors and the increasing demand for miniature stepper motors are some major growth factors driving the stepper motor industry.

The global stepper motor market size was $2.5 billion in 2019, and it is projected to register a CAGR of 3.4% over the forecast period (2020–2030). Technological advancements in stepper motors and the increasing demand for miniature stepper motors are some major growth factors driving the stepper motor industry.