Global Motor Driver IC Market Growth 2023-2029

Global Motor Driver IC Market Growth 2023-2029

Motor Driver ICs are current amplifiers and are an essential component of motor interfacing. The motor driver integrated circuit chip acts as the interface between a microprocessor or microcontroller, and a motor. As microprocessors tend to operate at lower currents, and motors at higher, motor driver ICs are needed to supply current to the motor as needed. As different motors have different signal requirements, a motor driver IC is usually specific to a motor type. it offers motor drivers for brushless DC motors (BLDC,) brushed DC motors, and stepper motors.
LPI (LP Information)' newest research report, the “Motor Driver IC Industry Forecast” looks at past sales and reviews total world Motor Driver IC sales in 2022, providing a comprehensive analysis by region and market sector of projected Motor Driver IC sales for 2023 through 2029. With Motor Driver IC sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Motor Driver IC industry.
This Insight Report provides a comprehensive analysis of the global Motor Driver IC landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Motor Driver IC portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Motor Driver IC market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Motor Driver IC and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Motor Driver IC.
The global Motor Driver IC market size is projected to grow from US$ 4143.7 million in 2022 to US$ 6110.4 million in 2029; it is expected to grow at a CAGR of 6110.4 from 2023 to 2029.
Global motor driver IC key players include Texas Instruments, STMicroelectronics, ON Semiconductor, etc. The top three manufacturers hold a share about 31%. The global motor driver IC are mainly produced in United States and Europe, they occupied for a share over 40%. Asia-Pacific is the largest market, with a share about 46%, followed by North America and Europe with the share about 24% and 22%.
This report presents a comprehensive overview, market shares, and growth opportunities of Motor Driver IC market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Brushed DC Motor Driver IC
Brushless DC Motor Driver IC
Stepping Motor Driver IC
Segmentation by application
Automotive
Space & Instruction
Industrial Equipment
Consumer Electronics
Medical Equipment
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Texas Instruments
STMicroelectronics
ON Semiconductor
Infineon Technologies
ROHM Semiconductor
Allegro MicroSystems
Toshiba
Panasonic (Nuvoton)
NXP Semiconductors
Maxim Integrated
Trinamic
Microchip Technology
MPS
Diodes Incorporated
Melexis
New Japan Radio
FM
Fortior Tech
ICOFCHINA
Renesas Electronics
H&M Semiconductor

Key Questions Addressed in this Report
What is the 10-year outlook for the global Motor Driver IC market?
What factors are driving Motor Driver IC market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Motor Driver IC market opportunities vary by end market size?
How does Motor Driver IC break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.