The global motor driver IC market is projected to reach $6.0 billion by 2028, at a CAGR of 6% during 2023-2028. The growth of motor driver IC market is driven by growing use of these ICs in the autonomous robot and self-driving cars, increasing need for high-voltage operating devices, and wide adoption of automated technologies in manufacturing industries.
Some of the key questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the motor driver IC market by product
type (brushless motor driver IC, brush motor driver IC, and stepper motor
driver IC), end use industry (consumer electronics, electric tools, office
supplies, IT & communication equipment, and industry & automotive), and
region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the motor driver IC market?
Q.4 What are some
changing demands of customers in the motor driver IC market?
Q.5 What are the new
developments in the motor driver IC market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this motor driver IC area and how big of
a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this motor driver IC market?
Market Segmentation:
Based on product type,
the motor driver IC market is segmented into brushless motor driver IC, brush
motor driver IC, and stepper motor driver IC. The brushless motor driver IC
segment accounted for the largest share of the market in 2023 and is expected
to register the highest CAGR during the forecast period, due to the significant
need for quiet motor operation and energy-saving devices.
APAC will remain the
largest region due to the presence of major electronic manufacturers and widespread
adoption of consumer electronics in the region.
Key Players in the motor
driver IC market are ABB, Allegro MicroSystems, Infineon Technologies, NXP
Semiconductors, and Microchip Technology.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers,
restraints, challenges, and opportunities for market growth. It would also help
to understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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