Please answer a question about the following article about Electric motor:

To minimize overall weight and size, miniature PM motors may use high energy magnets made with neodymium or other strategic elements; most such are neodymium-iron-boron alloy. With their higher flux density, electric machines with high-energy PMs are at least competitive with all optimally designed singly-fed synchronous and induction electric machines. Miniature motors resemble the structure in the illustration, except that they have at least three rotor poles (to ensure starting, regardless of rotor position) and their outer housing is a steel tube that magnetically links the exteriors of the curved field magnets.

How do PMs rate against other types of electric motors?
least competitive