Motor Driver Board Market 2025-2029
The motor driver board market is forecasted to grow by USD 2071.4 mn during 2024-2029, accelerating at a CAGR of 8.4% during the forecast period. The report on the motor driver board market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for electric vehicles (EVs), expansion of industrial automation and robotics, and growth of consumer electronics in emerging markets.
Technavio's motor driver board market is segmented as below:
By Product
- Low voltage motor drivers
- Medium voltage motor drivers
- High voltage motor drivers
By End-user
- Automotive and electric vehicles
- Robotics
- Industrial automation
- Consumer electronics
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the new product launches as one of the prime reasons driving the motor driver board market growth during the next few years. Also, focus on multi-axis motor control and adoption of silicon carbide (SiC) and gallium nitride (GaN) technology will lead to sizable demand in the market.
The report on the motor driver board market covers the following areas:
- Motor Driver Board Market sizing
- Motor Driver Board Market forecast
- Motor Driver Board Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motor driver board market vendors that include ABB Ltd., Actuonix Motion Devices Inc., Adafruit Industries LLC, Allegro MicroSystems Inc., Allied Motion Technologies Inc., Analog Devices Inc., CUI Inc, Emerson Electric Co., Kollmorgen Corp., Lin Eng. Inc., maxon, Nanotec Electronic GmbH and Co. KG, Parker Hannifin Corp., Power Integrations Inc., Siemens AG, SparkFun Electronics, STMicroelectronics NV, Texas Instruments Inc., Toshiba Corp., and Yaskawa Electric Corp.. Also, the motor driver board market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.