Motor Driver IC Market Revenue To Exceed $ 1.5 Billion By 2027: Global Market Insights Inc.

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The Stepper Motor Driver IC segment is expected to experience a growth rate of 3.5% through 2027. The Motor Driver IC market expansion is attributed to several high-end features offered by stepper motors, such as high reliability, robustness and low maintenance and simplicity of construction. compared to brushed and brushless motors. These features will increase the adoption of stepper motor driver integrated circuits in the market in various application sectors, including automotive, consumer electronics, and medical and healthcare devices. Various medical devices and laboratory equipment, such as computerized blood analyzers, oxygen concentrators, x-ray machines, etc., are built into stepper motors and integrated circuits. The low noise and small size characteristics of these devices make them an ideal choice for medical applications, fueling the growth of the segment during the forecast period.

The above 48V segment in the motor control IC market accounted for 5% of the market share in 2020, due to the increasing adoption of higher than 48V motor control ICs in machinery. heavy lifting in the construction sector. Heavy machinery units, such as dump trucks, compactors, graders, excavators, bulldozers, and telehandlers, are highly integrated with brushed and stepper motors. The increasing adoption of engines in heavy machinery and construction equipment will drive the expansion of the segment.

The industrial segment held around 25% of the revenue share in 2020 and is expected to grow at a CAGR of 4% through 2027. The market growth is attributed to the growing acceptance of robotics and automation in the industries of manufacturing and processing. According to October 2021 press release from the International Federation of Robotics, more than 384,000 industrial robots were shipped worldwide in 2020. Robot sales increased 10% year-on-year in 2020 compared to 2019. These industrial robots are integrated with integrated motor control circuits that improve energy efficiency and achieve high torque speed in robotic arms and subsystems. The proliferation of smart factories will further propel the use of motor control ICs in the coming years.

Europe The Motor Driver Integrated Circuit market is expected to grow at over 5% CAGR from 2021 to 2027 owing to the presence of major car manufacturers in the region such as BMW Group, Audi, PSA Group and Daimler AG. These automakers place a heavy emphasis on large-scale automotive manufacturing, primarily passenger cars and electric vehicles. Engine control ICs are heavily integrated into electric power steering, transmission system, and automotive HVAC system, among others. The increased production and sales of passenger cars in European economies will provide new growth opportunities for the region’s engine driver integrated circuit manufacturers.

The major players operating in the motor control integrated circuit market are Allegro MicroSystems, Inc., Dialog Semiconductor, Diodes Incorporated, Infineon Technologies AG, Maxim Integrated, Melexis and Toshiba Electronic Devices & Storage Corporation. Large companies focus heavily on acquisitions, mergers and collaborations to gain competitive advantage among other market players.

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Here are some of the key findings of the Motor Driver Integrated Circuits Market report:

  • Technological advancements in brushed motor driver ICs, such as the integration of current limiter functionality, will drive segment value. The companies are also focusing on the implementation of advanced packaging technologies in the manufacturing of brushed motor driver ICs to achieve system miniaturization and energy efficiency, further supporting the segment revenue.
  • Electric power tools, such as chainsaws, drills, lawn mowers, and garden equipment, are highly integrated with motor control ICs with a range of 24 V to 48 V. The proliferation of power tools and equipment will stimulate the market demand for motor control integrated circuits.
  • The increasing electrification of vehicles will increase the growth of the industry.
  • The COVID-19 pandemic severely affected the expansion of the industry in early 2020. Several automakers and consumer electronics manufacturers have temporarily shut down their manufacturing facilities due to the strict lockdown imposed by regulators in the United States. first half of 2020. International Trade Restrictions and Sourcing- Chain disruptions have had an additional impact on industry participants across the market.

Table of contents (ToC) of the report:

Chapter 3 Motor Driver Integrated Circuit Market Overview

3.1 Industry segmentation

3.2 Analysis of the Impact of the Corona Virus Pandemic (COVID-19) on the Market

3.2.1 Global outlook

3.2.2 Impact by region

3.2.3 Industry value chain

3.2.3.1 Research and development

3.2.3.2 Manufacture

3.2.3.3 Marketing

3.2.3.4 Procurement

3.2.4 Competitive landscape

3.2.4.1 Strategy

3.2.4.2 Distribution network

3.2.4.3 Business growth

3.3 Industry Ecosystem Analysis

3.3.1 Suppliers of raw materials and components

3.3.2 Manufacturers

3.3.3 Distribution channel

3.3.4 End user

3.3.5 Supplier matrix

3.4 Technology and innovation landscape

3.4.1 Intelligent phase control (InPAC)

3.4.2 Active Gain Control (AGC) Technology

3.5 Regulatory landscape

3.6 Industry impact forces

3.6.1 Growth drivers

3.6.2 Pitfalls and challenges of the industry

3.7 Analysis of growth potential

3.8 Porter’s analysis

3.9 PESTEL analysis

Browse the full table of contents (ToC) @ https://www.gminsights.com/toc/detail/motor-driver-ic-market

About Global Market Insights Inc.

Global Market Insights Inc., headquartered in Delaware, USA, is a global provider of market research and consulting services, providing syndicated and personalized research reports as well as growing consulting services. Our business intelligence and industry research reports provide clients with insightful insights and actionable market data specially designed and presented to aid strategic decision making. These comprehensive reports are designed through proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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