Demand for Motor Driver IC Is Expected to Grow at A CAGR of 6.9% Through 2032

Published April 22, 2023

By 2022, the motor driver IC market is anticipated to be worth $732.2 million, and by the end of 2032, it will be worth $1,567.3 million, rising at a CAGR of 6.9%. Automation, digitization, and improved product usability are predicted to cause a major increase in industry growth over the next few years. The market for motor driver ICs will grow quickly due to the rising usage of IoT devices during the coming years.

Open doors for the proposals in this section include product development, appropriation, sales involvement, and management exhibition. Fact. MR’s examiners have participated in several evaluations and demand projections for the motor driver IC market at the global and regional levels using in-depth analysis and a wide range of data.

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Market participants: –

  • Toshiba Corporation
  • Mitsubishi Electric Co., Ltd.
  • texas instruments
  • Allegro Microsystems
  • Dialogue Semiconductor PLC,
  • STMicroelectronics
  • ON Semiconductor
  • ROHM Co., Ltd.
  • Fairchild Semiconductor
  • Semtech Co., Ltd.
  • Maxim integration

Key partners in the market, including industry players, policymakers and financial backers from various countries, have continually retooled their systems and tactics to take advantage of the newly opened doors. Many organizations have recently updated their procedures to remain coordinated during the general disruption caused by the COVID-19 pandemic.

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What do you get from Fact.MR research?

  • Factors influencing the overall development of the global motor driver IC market
  • Factors that may restrain the growth of the global market in the coming years of the forecast period.
  • What are the intricate details pertaining to the current competitive scenario of the global Motor Driver IC market and the potential business prospects of the key market players?
  • Pricing strategies of different market participants in the global motor driver IC market

Motor Driver IC Industry Research Segmentation

  • By motor type:
    • High
    • brushless
    • stepper
  • separation:
    • self
    • Captive
    • optics
  • By mounting mode:
    • on-chip
    • discrete
  • Based on supply voltage:
    • 24V or less
    • 24-48V
    • >48V
  • application:
    • automobile
    • aerospace and defense
    • industrial automation
    • home appliances
    • health care
    • Others
  • By region:
    • North America
    • Latin America
    • europe
    • East Asia
    • South Asia/Oceania
    • Middle East and Africa

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competitive environment

Every ICT industry leader has their own strategy to differentiate themselves from other competitors in the motor driver IC market. Brands such as Toshiba Corporation, Mitsubishi Electric Corporation, Texas Instruments, Allegro Microsystems, Dialog Semiconductor PLC, STMicroelectronics, ON Semiconductor, Rohm Co Ltd, Fairchild Semiconductor, Semtech Corporation, Maxim Integrated and other major companies have started manufacturing ICs. Satisfy consumer preferences.

To meet the growing demand from OEMs and commercial customers, major players in the motor driver IC market are expanding their production capacities. Companies looking to expand their manufacturing capacity look to establish a global presence by working with suppliers around the world. Key players have adopted a push approach, enabling them to reach target customer groups and improve product flow in the market.

In addition, custom items specific to orders and applications in this sector have helped leading companies develop and bring to market products that meet the needs of their customers.

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