Motor Driver Ics Market 2025-2029
The motor driver ics market is forecasted to grow by USD 1805.1 mn during 2024-2029, accelerating at a CAGR of 6.6% during the forecast period. The report on the motor driver ics 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 growth of electric vehicles (EVs), growth in consumer electronics in emerging economies, and rising automation in industries.
Technavio's motor driver ics market is segmented as below:
By Type
- AC motor drive IC
- DC motor drive IC
- Stepper motor drive IC
- Others
By End-user
- Automotive
- Industrial automation
- Consumer electronics
- Healthcare
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the introduction of new products by vendors as one of the prime reasons driving the motor driver ics market growth during the next few years. Also, strategic partnerships and collaborations and growing demand for high-voltage motor driver ics will lead to sizable demand in the market.
The report on the motor driver ics market covers the following areas:
- Motor Driver Ics Market sizing
- Motor Driver Ics Market forecast
- Motor Driver Ics 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 ics market vendors that include Allegro MicroSystems Inc., AMETEK Inc., Analog Devices Inc., Delta Electronics Inc., Diodes Inc., Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corp., Monolithic Power Systems Inc., NXP Semiconductors NV, ON Semiconductor Corp., Panasonic Holdings Corp., Power Integrations Inc., Qualcomm Inc., Renesas Electronics Corp., ROHM Co. Ltd., STMicroelectronics NV, Texas Instruments Inc., Toshiba Corp., and Vishay Intertechnology Inc.. Also, the motor driver ics 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.