Global Automotive Motor Drivers Market

Global Automotive Motor Drivers Market Size, Share, Growth Analysis, By Application(Electric Vehicle, Hybrid Vehicle), By Voltage Rating(Low Voltage and High Voltage) - Industry Forecast 2023-2030


Report ID: SQMIG25AG2019 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 61 | Figures: 77

Global Automotive Motor Drivers Market Insights

Automotive Motor Drivers Market size was valued at USD 4.65 billion in 2021 and is poised to grow from USD 5.03 billion in 2022 to USD 8.67 billion by 2030, at a CAGR of 8.1% during the forecast period (2023-2030).

The fact that motors guarantee a vehicle's smooth running makes them a crucial part of it. It is a natural part of any vehicle's operation that requires a constant circular motion. A number of reasons, such as a growth in global vehicle production, a high demand for safety and convenience features, and a rise in the desire for electric vehicles, are propelling the market's expansion. It is projected that the total system's higher weight and expense will restrict market growth. Additionally, there will likely be several prospects for market expansion due to the rise of applications that use electric motors and the introduction of the autonomous vehicle concept. Internal combustion engines, high-speed motors, and other devices all employ motors in automobiles. High-speed motors are two times as efficient as internal combustion engines, which are commonly seen in automobiles. Performance motors, comfort motors, and safety motors are just a few of the many uses that the motor in cars can be put to. Concerning factors include the rising cost of EVs and the developing infrastructure for charging. Since 2021, there has been unrest in the global automotive sector.

US Automotive Motor Drivers Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 4.65 billion

Largest Segment

High Voltage

Fastest Growth

High Voltage

Growth Rate

8.1% CAGR

Global Automotive Motor Drivers Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
Global Automotive Motor Drivers Market Size By Voltage Rating 2022-2030 ($ Bn)
Global Automotive Motor Drivers Market Size By Voltage Rating 2022-2030 (%)

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Global Automotive Motor Drivers Market Segmental Analysis

Global Automotive Motor Drivers Market is segmented on the basis of application, voltage rating and region. By application, the market is segmented into electric vehicle, hybrid vehicle, commercial vehicle. By voltage rating, the market is segmented into low voltage and high voltage. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Automotive Motor Drivers Market Analysis by Voltage Rating

The low voltage segment of the global Automotive motor driver market includes drivers that operate at a voltage rating of less than 1000V. The low voltage segment is expected to dominate the market due to the increasing demand for electric and hybrid vehicles. This segment is expected to grow at a CAGR of 8.2% during the forecast period.

The high voltage segment of the global Automotive motor driver market includes drivers that operate at a voltage rating of more than 1000V. The high voltage segment is expected to witness significant growth due to the increasing adoption of electric and hybrid vehicles. This segment is expected to grow at a CAGR of 9.1% during the forecast period.

Global Automotive Motor Drivers Market Analysis by Vehicle Type

The hybrid vehicle application segment includes motor drivers used in various components of hybrid vehicles such as electric motors, generators, and battery management systems. This segment is expected to witness significant growth due to the increasing demand for hybrid vehicles and the growing government initiatives to promote hybrid vehicle adoption.The electric vehicle application segment includes motor drivers used in various components of electric vehicles such as electric motors, battery management systems, and charging systems. This segment is expected to witness significant growth due to the increasing demand for electric vehicles and the growing government initiatives to promote electric vehicle adoption.

Global Automotive Motor Drivers Market Size By Voltage Rating 2022(%), 2021 (%)

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Global Automotive Motor Drivers Market Regional Insights

The dominant segment in this region is the infotainment application, with a CAGR of 10.2% during the forecast period. The Asia Pacific region is expected to have the largest market share due to the growing automotive industry, increasing disposable income, and government initiatives to promote the adoption of electric vehicles.

The fastest-growing segment in this region is the safety and security application, with a CAGR of 9.2% during the forecast period. Europe is expected to have a considerable market share due to the presence of major automotive manufacturers and the increasing adoption of electric vehicles in the region.

Global Automotive Motor Drivers Market Size By Geography, 2022-2030, 2023-2030
  • Largest
  • Fastest

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Global Automotive Motor Drivers Market Dynamics

Global Automotive Motor Drivers Market Drivers

Increasing Desire for Convenience and Comfort to Open New Options

  • Modern automobiles are equipped with a range of features such as power windows, power seats, and sunroofs that rely on motor drivers for operation. These devices are responsible for converting the electrical signals from the vehicle's control system into the power needed to operate various motors in the vehicle, such as those used for power windows, power seats, and windshield wipers.
  • The global shift towards electric vehicles has led to a significant increase in demand for automotive motor drivers, as these vehicles require multiple electric motors for propulsion and other functions.

Global Automotive Motor Drivers Market Restraints

Industry Slowdown in the Automobile Sector might Pose as a Threat

  • As a result of declining vehicle demand and increased inflationary pressure, rising gasoline prices have a detrimental effect on the auto sector. The government has also recommended a policy based on fitness-based scrappage by the Society of Indian Automobile Manufacturers (SIAM), as opposed to a programme based on demand stimulation. A quicker switch to electric vehicles could result from an increase in fuel prices.

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Global Automotive Motor Drivers Market Competitive Landscape

The market has become extremely competitive as a result of the numerous domestic and foreign players that are present there. The expansion of the industry is hampered by fierce rivalry, quick technological advancements, and regulations. The market's current manufacturers exhibit a high degree of competition. According to the results of our analysis, industry participants have utilised a variety of tactics and cutting-edge R&D methodologies to grow their companies and maintain their positions in the worldwide Automotive Motors market.

Top Player’s Company Profiles in Global Automotive Motor Drivers Market

  • Robert Bosch GmbH (Germany)
  • NXP Semiconductors N.V. (Netherlands)
  • Infineon Technologies AG (Germany)
  • Texas Instruments Incorporated (US)
  • STMicroelectronics (Switzerland)
  • Renesas Electronics Corporation (Japan)
  • Toshiba Corporation (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • ON Semiconductor Corporation (US)
  • Maxim Integrated Products, Inc. (US)
  • Melexis NV (Belgium)
  • Allegro MicroSystems, LLC (US)
  • ROHM Semiconductor (Japan)
  • Analog Devices, Inc. (US)
  • Continental AG (Germany)
  • DENSO Corporation (Japan)
  • Hitachi Automotive Systems, Ltd. (Japan)
  • HELLA GmbH & Co. KGaA (Germany)
  • Magna International Inc. (Canada)
  • ZF Friedrichshafen AG (Germany)
  • Aptiv PLC (Ireland)
  • Valeo SA (France)

Global Automotive Motor Drivers Market Recent Developments

  • In May 2022, two performance car brands are powered by BorgWarner's silicon carbide inverter to excel in range.
  • In February 2022, A new generation of vehicle electric motors will be developed and produced in France thanks to a partnership between the Renault Group, Valeo, and Valeo Siemens e-vehicle.

Global Automotive Motor Drivers Key Market Trends

  • SiC and GaN are wide-bandgap semiconductor materials that offer several advantages over traditional silicon-based motor driver technologies. SiC and GaN technologies have lower resistance and switching losses than traditional silicon-based motor drivers, which results in improved efficiency and reduced power consumption. Higher operating temperatures devices can operate at higher temperatures than traditional silicon-based devices, which enables more compact and efficient motor driver designs.

Global Automotive Motor Drivers Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analyses, the global automotive motor driver market is a dynamic and rapidly evolving market that is driven by technological advancements, changing consumer preferences, and evolving government regulations. The market is characterized by a high level of competition, with many major players offering a range of solutions for various applications such as power windows, power seats, and other comfort and convenience features in automobiles. The shift towards electric and hybrid vehicles is driving the demand for advanced motor driver technologies that can efficiently and reliably control the motors used in these vehicles. Motor drivers are increasingly being integrated with other vehicle systems such as sensors, cameras, and control units to enable more efficient and intelligent operation of the vehicle. Smart motor drivers are being developed that can monitor and analyse the performance of motors in real-time, enabling predictive maintenance and reducing downtime.

Report Metric Details
Market size value in 2021 USD 4.65 billion
Market size value in 2030 USD 8.67 billion
Growth Rate 8.1%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Application
    • Electric Vehicle, Hybrid Vehicle, Commercial Vehicle
  • Voltage Rating
    • Low Voltage and High Voltage
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Robert Bosch GmbH (Germany)
  • NXP Semiconductors N.V. (Netherlands)
  • Infineon Technologies AG (Germany)
  • Texas Instruments Incorporated (US)
  • STMicroelectronics (Switzerland)
  • Renesas Electronics Corporation (Japan)
  • Toshiba Corporation (Japan)
  • Mitsubishi Electric Corporation (Japan)
  • ON Semiconductor Corporation (US)
  • Maxim Integrated Products, Inc. (US)
  • Melexis NV (Belgium)
  • Allegro MicroSystems, LLC (US)
  • ROHM Semiconductor (Japan)
  • Analog Devices, Inc. (US)
  • Continental AG (Germany)
  • DENSO Corporation (Japan)
  • Hitachi Automotive Systems, Ltd. (Japan)
  • HELLA GmbH & Co. KGaA (Germany)
  • Magna International Inc. (Canada)
  • ZF Friedrichshafen AG (Germany)
  • Aptiv PLC (Ireland)
  • Valeo SA (France)
Customization scope

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  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Automotive Motor Drivers Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Automotive Motor Drivers Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Automotive Motor Drivers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Motor Drivers Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Motor Drivers Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Automotive Motor Drivers Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Automotive Motor Drivers Market size was valued at USD 4.65 billion in 2021 and is poised to grow from USD 5.03 billion in 2022 to USD 8.67 billion by 2030, at a CAGR of 8.1% during the forecast period (2023-2030).

The market has become extremely competitive as a result of the numerous domestic and foreign players that are present there. The expansion of the industry is hampered by fierce rivalry, quick technological advancements, and regulations. The market's current manufacturers exhibit a high degree of competition. According to the results of our analysis, industry participants have utilised a variety of tactics and cutting-edge R&D methodologies to grow their companies and maintain their positions in the worldwide Automotive Motors market. 'Robert Bosch GmbH (Germany)', 'NXP Semiconductors N.V. (Netherlands)', 'Infineon Technologies AG (Germany)', 'Texas Instruments Incorporated (US)', 'STMicroelectronics (Switzerland)', 'Renesas Electronics Corporation (Japan)', 'Toshiba Corporation (Japan)', 'Mitsubishi Electric Corporation (Japan)', 'ON Semiconductor Corporation (US)', 'Maxim Integrated Products, Inc. (US)', 'Melexis NV (Belgium)', 'Allegro MicroSystems, LLC (US)', 'ROHM Semiconductor (Japan)', 'Analog Devices, Inc. (US)', 'Continental AG (Germany)', 'DENSO Corporation (Japan)', 'Hitachi Automotive Systems, Ltd. (Japan)', 'HELLA GmbH & Co. KGaA (Germany)', 'Magna International Inc. (Canada)', 'ZF Friedrichshafen AG (Germany)', 'Aptiv PLC (Ireland)', 'Valeo SA (France)'

Modern automobiles are equipped with a range of features such as power windows, power seats, and sunroofs that rely on motor drivers for operation. These devices are responsible for converting the electrical signals from the vehicle's control system into the power needed to operate various motors in the vehicle, such as those used for power windows, power seats, and windshield wipers.

SiC and GaN are wide-bandgap semiconductor materials that offer several advantages over traditional silicon-based motor driver technologies. SiC and GaN technologies have lower resistance and switching losses than traditional silicon-based motor drivers, which results in improved efficiency and reduced power consumption. Higher operating temperatures devices can operate at higher temperatures than traditional silicon-based devices, which enables more compact and efficient motor driver designs.

The dominant segment in this region is the infotainment application, with a CAGR of 10.2% during the forecast period. The Asia Pacific region is expected to have the largest market share due to the growing automotive industry, increasing disposable income, and government initiatives to promote the adoption of electric vehicles.

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