Motor Driver IC Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Motor Driver IC Market will experience over 20% CAGR from 2024 to 2032, fueled by Automation and Robotics Adoption. This surge is primarily driven by the escalating adoption of automation and robotics across diverse industries. As industries automate their manufacturing processes, the demand for precise motor control has intensified, leading to a heightened reliance on motor driver ICs. For instance, in December 2023, Renesas Electronics introduced innovative programmable motor driver ICs tailored for sensorless brushless DC motors, achieving full torque even at zero speed.

Motor driver ICs play a pivotal role in optimizing energy consumption, adeptly controlling motor speed and torque. With a global emphasis on sustainability and energy conservation, industries are gravitating towards motor driver ICs that promise enhanced efficiency and diminished power consumption.

The overall Motor Driver IC Market is sorted based on Type, Voltage Range, Application, Technology, Functionality, Sales Channel, and Region.

The market segments the types of motor driver ICs into three categories: brushed DC motor driver ICs, brushless DC motor driver ICs, and stepper motor driver ICs. Among these, the brushed DC motor driver IC segment is poised to surpass a valuation of USD 30 billion by 2032. Brushed DC motors find utility in a myriad of applications, spanning from household appliances and automotive components to industrial machinery and consumer electronics. Their inherent simplicity, reliability, and cost-effectiveness render them a favored choice across sectors, bolstering the demand for their corresponding driver ICs.

Brushed DC motors, along with their driver ICs, boast a cost advantage, being generally less expensive to produce and maintain than their brushless counterparts and stepper motors. This economic edge positions them favorably for high-volume, price-sensitive applications, solidifying their substantial market share.

The market categorizes voltage ranges into three segments: low voltage (up to 24V), medium voltage (24V to 60V), and high voltage (above 60V). Notably, the medium voltage segment (24V to 60V) is emerging as the fastest-growing category, with projections of over 20% CAGR between 2024 and 2032. Medium voltage motor driver ICs strike a harmonious balance between power efficiency and performance, rendering them versatile for myriad applications. They adeptly drive motors with ample power while ensuring manageable heat dissipation and system simplicity. This voltage range is particularly advantageous for sectors like electric vehicles, drones, industrial automation, and robotics, where there's a demand for heightened power and efficiency, yet without the intricacies and costs tied to high voltage systems. The escalating adoption of these sectors is consequently amplifying the demand for medium voltage motor driver ICs.

In 2023, North America emerged as the frontrunner in the global motor driver IC market, commanding a share exceeding 25%. The region boasts a robust industrial foundation, with its advanced manufacturing and automation sectors increasingly leaning on motor driver ICs to bolster efficiency and precision. Furthermore, the surging adoption of electric vehicles (EVs) in North America, spurred by favorable government policies and a growing consumer appetite for eco-friendly transport, stands as a pivotal driver of market expansion.

Product Code: 5154

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Advancement in industrial automation technologies
  - 3.8.1.2 Rising demand for electric vehicles
  - 3.8.1.3 Expansion of smart home devices
  - 3.8.1.4 Emphasis on energy efficiency solutions
  - 3.8.1.5 Technological innovations in motor control
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High costs of development and manufacturing
  - 3.8.2.2 Complex integration with existing systems
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Type, 2021 - 2032 (USD million)

5.1 Key trends
5.2 Brushed DC motor driver IC
5.3 Brushless DC motor driver IC
5.4 Stepper motor driver IC

Chapter 6 Market Estimates and Forecast, By Voltage Range, 2021 - 2032 (USD million)

6.1 Key trends
6.2 Low voltage (up to 24V)
6.3 Medium voltage (24V to 60V)
6.4 High voltage (above 60V)

Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 (USD million)

7.1 Key trends
7.2 Automotive
- 7.2.1 Powertrain control
- 7.2.2 Body electronics
- 7.2.3 Infotainment
7.3 Industrial automation
- 7.3.1 Robotics
- 7.3.2 Conveyor systems
7.4 Consumer electronics
- 7.4.1 Home appliances
- 7.4.2 Personal devices
7.5 Healthcare
- 7.5.1 Medical devices
7.6 Others
- 7.6.1 Aerospace
- 7.6.2 Defense

Chapter 8 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD million)

8.1 Key trends
8.2 CMOS (complementary metal-oxide-semiconductor)
8.3 Bipolar
8.4 BiCMOS (Bipolar-CMOS)
8.5 GaN (Gallium Nitride)
8.6 SiC (Silicon Carbide)

Chapter 9 Market Estimates and Forecast, By Functionality, 2021 - 2032 (USD million)

9.1 Key trends
9.2 Speed control
9.3 Position control
9.4 Torque control

Chapter 10 Market Estimates and Forecast, By Sales Channel, 2021 - 2032 (USD million)

10.1 Key trends
10.2 Direct sales
10.3 Distributors
10.4 Online sales

Chapter 11 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million)

11.1 Key trends
11.2 North America
- 11.2.1 U.S.
- 11.2.2 Canada
11.3 Europe
- 11.3.1 UK
- 11.3.2 Germany
- 11.3.3 France
- 11.3.4 Italy
- 11.3.5 Spain
- 11.3.6 Rest of Europe
11.4 Asia Pacific
- 11.4.1 China
- 11.4.2 India
- 11.4.3 Japan
- 11.4.4 South Korea
- 11.4.5 ANZ
- 11.4.6 Rest of Asia Pacific
11.5 Latin America
- 11.5.1 Brazil
- 11.5.2 Mexico
- 11.5.3 Rest of Latin America
11.6 MEA
- 11.6.1 UAE
- 11.6.2 South Africa
- 11.6.3 Saudi Arabia
- 11.6.4 Rest of MEA

Chapter 12 Company Profiles

12.1 Allegro MicroSystems
12.2 ams AG
12.3 Analog Devices
12.4 Broadcom Inc.
12.5 Diodes Incorporated
12.6 Fuji Electric
12.7 Infineon Technologies
12.8 IXYS Corporation
12.9 Maxim Integrated
12.10 Melexis
12.11 Microchip Technology
12.12 Mitsubishi Electric
12.13 Monolithic Power Systems (MPS)
12.14 NXP Semiconductors
12.15 ON Semiconductor
12.16 Panasonic Corporation
12.17 Power Integrations
12.18 Qualcomm
12.19 Renesas Electronics
12.20 ROHM Semiconductor
12.21 Sanken Electric
12.22 Semtech Corporation
12.23 STMicroelectronics
12.24 Texas Instruments
12.25 Toshiba