Motor Driver IC Market

Motor Driver IC Market Size, Share, Growth Analysis, By Type(Brushed motor driver IC, Brushless motor driver IC, Stepper motor driver IC), By Maximum Supply Voltage(Below 12 V, 12 V - 24 V, 24 V - 48 V, Above 48 V), By Application(Automotive, Industrial, Consumer Electronics & Home Appliances, Medical & Healthcare Devices), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG20D2064 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Motor Driver IC Market Insights

Market Overview:

The motor driver IC market was worth USD 1 billion in 2020 and is predicted to expand at a CAGR of more than 5.5% between 2021 and 2027, with the number of unit shipments expected to reach 500 million by 2027. This growth can be attributed to the increasing use of motor driver ICs in automated household appliances like washing machines, air conditioners, and air humidifiers, among others. Additionally, the rising adoption of advanced technologies such as AI and IoT in these appliances is driving the market demand for motor driver ICs.

Motor Driver IC Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electrical Components & Equipment by segment aggregation, the contribution of the Electrical Components & Equipment in Capital Goods and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Motor Driver IC was estimated to be valued at US$ XX Mn in 2021.

The Motor Driver IC Market is estimated to grow at a CAGR of XX% by 2028.

The Motor Driver IC Market is segmented on the basis of Type, Maximum Supply Voltage, Application, Region.

Based on region, the Motor Driver IC Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Motor Driver IC Market are Allegro MicroSystems, Inc., Dialog Semiconductor, Diodes Incorporated, H&M Semiconductor, Infineon Technologies AG, Maxim Integrated, Melexis, Toshiba Electronic Devices & Storage Corporation.

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Motor Driver IC Market

Report ID: UCMIG20D2064

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