Automotive Motor Driver Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Motor Driver Trends and Forecast

The future of the global automotive motor driver market looks promising with opportunities in the electric vehicle, hybrid vehicle, and commercial vehicle markets. The global automotive motor driver market is expected to reach an estimated $7.3 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are increasing demand for safety and convenience features, rising demand for electric vehicles, and growing demand for high-performance vehicles.

A more than 150-page report is developed to help in your business decisions.

Automotive Motor Driver by Segment

The study includes a forecast for the global automotive motor driver by voltage, application, and region.

Automotive Motor Driver Market by Voltage [Shipment Analysis by Value from 2018 to 2030]:

• Low Voltage
• High Voltage

Automotive Motor Driver Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Electric Vehicles
• Hybrid Vehicles
• Commercial Vehicles
• Others

Automotive Motor Driver Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Motor Driver Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive motor driver companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive motor driver companies profiled in this report include-

• Robert Bosch
• NXP Semiconductors
• Infineon Technologies
• Texas Instruments
• STMicroelectronics
• Renesas Electronics
• Toshiba
• Mitsubishi Electric
• ON Semiconductor
• Maxim Integrated Products

Automotive Motor Driver Market Insights

Lucintel forecasts that low voltage will remain the larger segment over the forecast period due to the growing demand for electric and hybrid vehicles.

Within this market, hybrid electric vehicle is expected to witness the highest growth due to the increasing government initiatives, which promotes adoption of hybrid vehicle production.

APAC will remain the largest region over the forecast period due to the booming automotive industry, greater disposable income, and government attempts to promote the usage of electric vehicles.

Features of the Global Automotive Motor Driver Market

Market Size Estimates: Automotive motor driver market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive motor driver market size by voltage, application, and region in terms of value ($B).

Regional Analysis: Automotive motor driver market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different voltages, applications, and regions for the automotive motor driver market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive motor driver market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the automotive motor driver market size?

Answer: The global automotive motor driver market is expected to reach an estimated $7.3 billion by 2030.

Q2. What is the growth forecast for automotive motor driver market?

Answer: The global automotive motor driver market is expected to grow with a CAGR of 7.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automotive motor driver market?

Answer: The major drivers for this market are increasing demand for safety and convenience features, rising demand for electric vehicles and growing demand for high-performance vehicles.

Q4. What are the major segments for automotive motor driver market?

Answer: The future of the automotive motor driver market looks promising with opportunities in the electric vehicle, hybrid vehicle, and commercial vehicle markets.

Q5. Who are the key automotive motor driver market companies?

Answer: Some of the key automotive motor driver companies are as follows.

• Robert Bosch
• NXP Semiconductors
• Infineon Technologies
• Texas Instruments
• STMicroelectronics
• Renesas Electronics
• Toshiba
• Mitsubishi Electric
• ON Semiconductor
• Maxim Integrated Products

Q6. Which automotive motor driver market segment will be the largest in future?

Answer: Lucintel forecasts that low voltage will remain the larger segment over the forecast period due to the growing demand for electric and hybrid vehicles.

Q7. In automotive motor driver market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to the booming automotive industry, greater disposable income, and government attempts to promote the usage of electric vehicles.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the automotive motor driver market by voltage (low voltage and high voltage), application (electric vehicle, hybrid vehicle, commercial vehicle, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?