Motor Driver ICs Market Size, Share & Analysis Report, 2021-2027
The global Motor Driver ICs market gathered revenue around USD 6.18 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 6.1% during the prediction period 2021 to 2027.
Report Coverage
| Report Scope | Details |
| Market Size | USD 6.18 Billion by 2027 |
| Growth Rate | CAGR of 6.1% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Motor Type, Maximum Supply Voltage, End-use Industry,and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | ABB, Allegro MicroSystems, Inc., Infineon Technologies AG, Maxim Integrated, Microchip Technology Inc., NXP Semiconductors, ON Semiconductor, Panasonic Corporation, Rockwell Automation, Inc., STMicroelectronics, Texas Instruments Inc., Toshiba Corporation, Dialog Semiconductor, M5Stack, New Japan Radio Co.,Ltd., Performance Motion Devices, Inc. |
The global motor driver ICs market is broadly affected by several factors, including usage of motor driver ICs in the automotive sector and industrial automation. Thus, expanding applications of the motor driver ICs in the automotive sector and industrial automation are propelling the global motor driver ICs market.
Companies in the motor driver ICs market are boosting their output capacities in brushless DC motor driver ICs and stepping motor driver ICs. Toshiba Electronics Devices & Storage Corporation is expanding its product portfolio in motor driver ICs that are suitable for low voltage demands in battery-operated applications. Manufacturers are increasing the availability of motor driver ICs that adhere to high voltage demands such as air conditioner fan motors.
Due to the increasing needs of energy savings and quiet motor operation, manufacturers in the motor driver ICs market are boosting their production in brushless DC motor driver ICs. Robust brushed DC motor driver ICs are being used for high current demands.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Motor Driver ICs market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Motor Driver ICs market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Motor Driver ICs market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Motor Driver ICs Market: Dynamics
A motor driver IC is an integrated circuit chip that is usually used to control motors in autonomous robots. Motor driver ICs act as an interface between microprocessors in robots and the motors in the robot. Most microprocessors operate at low voltages and require a small amount of current, while motors require a relatively higher voltage and current. Thus, current cannot be supplied to the motors from the microprocessor. Additionally, motor driver ICs help perform various operations such as selecting the reverse or forward rotation of the motor, protecting against overload, and regulating the motor speed. There are three types of motor driver ICs: brushed DC motor, brushless DC motor, and stepper motor.
In terms of end-use industry, the automotive industry segment of the motor driver ICs market is expanding significantly due to the increase in vehicle production across the globe. The rise in demand for safety and comfort features in vehicles is likely to increase vehicle electrification, which is likely to increase the demand for electronics components and consequently, propel the motor driver ICs market across the globe.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Motor Driver ICs Market include: ABB, Allegro MicroSystems, Inc., Infineon Technologies AG, Maxim Integrated, Microchip Technology Inc., NXP Semiconductors, ON Semiconductor, Panasonic Corporation, Rockwell Automation, Inc., STMicroelectronics, Texas Instruments Inc., Toshiba Corporation, Dialog Semiconductor, M5Stack, New Japan Radio Co.,Ltd., Performance Motion Devices, Inc., Power Integrations, Rohm Semiconductor, and Diodes Incorporated.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Motor Driver ICs Market: Segmentation
Motor Driver ICs Market, by Motor Type
Motor Driver ICs Market, by Maximum Supply Voltage
Motor Driver ICs Market, by End-use Industry
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Motor Driver ICs market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Motor Driver ICs market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Motor Driver ICs markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Motor Driver ICs market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers