What is Global Motor Driver IC Market?
The Global Motor Driver IC Market is a vast and dynamic sector that plays a crucial role in the world's economy. It refers to the global market of integrated circuits designed to control and drive motors in various applications. These ICs are used to control the motor's speed, direction, and torque, providing precise control and efficient operation. The market encompasses a wide range of motor driver ICs, including brushed DC, brushless DC, and stepping motor driver ICs. The value of this market was estimated at US$ 4680.8 million in 2023 and is projected to reach US$ 6629.4 million by 2030. The growth of this market is driven by the increasing demand for motor driver ICs in various industries, including consumer electronics, automotive, and industrial applications.
Brushed DC Motor Driver IC, Brushless DC Motor Driver IC, Stepping Motor Driver IC in the Global Motor Driver IC Market:
The Global Motor Driver IC Market is segmented into Brushed DC Motor Driver IC, Brushless DC Motor Driver IC, and Stepping Motor Driver IC. Brushed DC Motor Driver ICs are used in applications that require simple control and low cost. They are commonly used in automotive applications, power tools, and consumer electronics. Brushless DC Motor Driver ICs, on the other hand, offer higher efficiency and longer lifespan. They are used in applications that require high speed and precision, such as drones, electric vehicles, and industrial automation. Stepping Motor Driver ICs are used in applications that require precise positioning and speed control, such as 3D printers, CNC machines, and robotics. Each of these types of motor driver ICs has its own unique features and advantages, making them suitable for different applications.
Consumer Electronics, Power Tools, Office Equipment, IT and Communication Equipment, Automotive, Other in the Global Motor Driver IC Market:
The Global Motor Driver IC Market finds its usage in various areas such as Consumer Electronics, Power Tools, Office Equipment, IT and Communication Equipment, Automotive, and others. In Consumer Electronics, these ICs are used in devices like smartphones, tablets, and laptops to control the motors in disk drives, cooling fans, and vibration motors. In Power Tools, they are used to control the motors in drills, saws, and other tools. In Office Equipment, they are used in printers, scanners, and photocopiers to control the motors that move the paper and print head. In IT and Communication Equipment, they are used in servers, routers, and other network equipment to control the cooling fans. In Automotive, they are used in electric vehicles, hybrid vehicles, and conventional vehicles to control the motors in power windows, power seats, and other systems.
Global Motor Driver IC Market Outlook:
In 2023, the Global Motor Driver IC Market was valued at US$ 4680.8 million. It is expected to grow at a compound annual growth rate (CAGR) of 5.2% and reach a value of US$ 6629.4 million by 2030. The market is dominated by three major manufacturers who collectively hold a market share of about 31%. The largest market for Motor Driver ICs is Asia-Pacific, accounting for about 46% of the global market. This is followed by North America and Europe, which hold about 24% and 22% of the market respectively.
| Report Metric | Details |
| Report Name | Motor Driver IC Market |
| Accounted market size in 2023 | US$ 4680.8 million |
| Forecasted market size in 2030 | US$ 6629.4 million |
| CAGR | 5.2% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Texas Instruments, STMicroelectronics, Onsemi, Infineon Technologies, ROHM Semiconductor, Allegro MicroSystems, Toshiba, Panasonic, NXP Semiconductors, Maxim Integrated, Trinamic, Microchip Technology, MPS, Diodes Incorporated, Melexis, New Japan Radio, FM, Fortior Tech, Renesas Electronics, H&M Semiconductor |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
