The global motor driver IC market is likely to reach a valuation of US$ 732.2 million in 2022 and is expected to progress at a CAGR of 6.9% to reach US$ 1,567.3 million by the end of 2032.Sales of motor driver IC accounted for nearly a 2% share of the integrated circuit market at the end of 2022.The market is about to witness significant growth in the coming years due to increased automation, digitalization, and the wide usability of the product. The rising adoption of IoT devices results in a surge in advancement for the telecom and semiconductor industry, driving traction for the motor driver IC during the forecast period.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Motor Driver IC Market both at worldwide and provincial levels.
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Market Players: –
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Texas Instruments
- Allegro Microsystems
- Dialog Semiconductor PLC,
- STMicroelctronics
- ON Semiconductor
- Rohm Co Ltd,
- Fairchild Semiconductor
- Semtech Corporation
- Maxim Integrated
Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.
What Do You Get in a Fact.MR Study?
- Factors affecting the overall development of the global Motor Driver IC Market
- Factor that might restrain the growth of the global market in the coming years of the forecast period.
- What is present competitive scenario of the global Motor Driver IC Market and its intricate details concerning potential business prospects of leading market players
- Pricing strategies of several different market players in the global Motor Driver IC Market
Competitive Landscape
All the industry leader in ICT are making their own strategy to stand out from other competitors in the motor driver IC market. The brands like 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 leading players have started manufacturing the motor driver IC to meet the consumer preference.
In order to fulfill the rising demand from OEMs and commercial clients, major players in the motor driver IC market are expanding their production capacities. Companies wanting to expand their capacity anticipate working with worldwide suppliers to ensure their global presence. Key players have been able to reach their targeted client group and enhance product flow in the market thanks to the adoption of the push approach.
Additionally, tailored items that are order- and application-specific for the sector have aided major firms in developing products that meet customer needs and launching them onto the market.
Segmentation of Motor Driver IC Industry Research
- By Motor Type:
- Brushed
- Brushless
- Stepper
- By Isolation:
- Magnetic
- Captive
- Optical
- By Mode of Attachment:
- On-Chip
- Discrete
- By Supply Voltage:
- Below 24 V
- 24-48 V
- >48 V
- By Application:
- Automotive
- Aerospace & Defense
- Industrial Automation
- Consumer Electronics
- Healthcare
- Others
- By Region:
- North Americas
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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