Motor Driver IC Market

Motor Driver IC Market Study by Brushed, Brushless, and Stepper for Automotive, Aerospace & Defense, Industrial Automation, Consumer Electronics, and Healthcare from 2024 to 2034

Analysis of Motor Driver IC Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Motor Driver IC Market Outlook (2024 to 2034)

The global motor driver IC market is poised to reach US$ 831.8 million in 2024. Over the assessment period (2024 to 2034), worldwide demand for motor driver integrated circuits is projected to exhibit a 6.6% CAGR (compound annual growth rate), resulting in a market size of US$ 1.58 billion by the end of 2034.

Increasing automation of industrial procedures along with the increasing use of robots in numerous sectors, such as healthcare, logistics, manufacturing, etc., require precise control of motors. Effective motor driver ICs offer the necessary power management and control functionalities for these applications. Further, a transition to electric vehicles is stimulated by rising concerns related to environmental sustainability and the depletion of fossil fuels. Electric vehicles (EVs) rely on motor driver ICs for controlling certain electric motors, including the ones used in power steering, HVAC systems, and propulsion systems.

The proliferation of consumer electronics, such as wearable devices, drones, tablets, smartphones, etc., is set to increase the demand for efficient and compact motor control solutions. Motor driver ICs are utilized in these devices for tasks, including camera autofocus, lens positioning, and vibration feedback.

  • North America is anticipated to account for 31.5% of the motor driver IC market share by 2034.
  • Sales of motor driver ICs in Japan are projected to rise at a CAGR of 7.9% from 2024 to 2034.
  • Revenue from the sales of brushless DC motors is projected to rise at a CAGR of 6.2% and reach US$ 788.1 million by the end of 2034.

The rising inclination toward energy-efficient appliances and smart homes is set to contribute to the demand for motor driver ICs in several devices, including air conditioners, refrigerators, vacuum cleaners, and washing machines. They enable precise control of motors, improve overall performance, and reduce energy consumption.

The shift toward renewable energy sources, such as solar panels, wind turbines, etc., needs sophisticated motor control solutions for the optimization of energy conversion as well as grid integration. Motor driver ICs are used in these renewable energy systems to control the direction and speed of motors driving generators and similar components.

Report Attributes Details
Motor Driver IC Market Size (2024E) US$ 831.8 Million
Forecasted Market Value (2034F) US$ 1.58 Billion
Global Market Growth Rate (2024 to 2034) 6.6% CAGR
South Korea Market Growth (2024 to 2034) 8.1% CAGR
East Asia Market Share (2034F) 26%
Market Share of Discrete ICs (2034F) 59%
Key Companies Profiled
  • Texas Instruments
  • Mitsubishi Electric Corporation
  • Toshiba Corporation
  • Allegro Microsystems
  • STMicroelectronics
  • Dialog Semiconductor PLC
  • ON Semiconductor
  • Fairchild Semiconductor
  • Rohm Co. Ltd.
  • Maim Integrates
  • Semtech Corporation
  • Maxim Integrated

Don't Need a Global Report?

save 40%! on Country & Region specific reports

What is Contributing to Increasing Global Market Value?

“Expansion of Consumer Electronics Sector Generating Opportunities for Motor Driver IC Suppliers”

Motor driver integrated circuits are utilized in numerous technological applications, such as the medical and automotive industries. Over the assessment period, constant advancements taking place in the semiconductor sector along with growing demand for consumer electronics are facilitating market possibilities. An expansion of the automotive market is attributed to the introduction of automated vehicles and connected cars. Moreover, constant technological advancements in the defense, healthcare, and aerospace sectors are also contributing to the revenue stream for motor driver IC manufacturers.

What Drawbacks are Projected to Decrease Motor Driver ICs Demand Growth?

“Complexities in Product Maintenance”

Lack of flexibility and customization of motor driver ICs is anticipated to adversely impact market expansion. Further, the drive-motor combination is generally sold by suppliers as a single unit. Therefore, it only functions in some specific applications. In addition, there are no other options rather to replace the entire unit.

Moreover, vendor modifications and lock-in practices are some other limitations of motor driver ICs, which make it difficult to determine the cause of the problem. Therefore, the complexities of maintaining motor driver ICs are anticipated to minimize product sales.

More Insights, Lesser Cost (-50% off)

Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR

How are Startups Cashing in on Motor Driver IC Market Growth?

“Expansion of IoT Ecosystem Enabling Precise Controls of Motors”

Inclination to the IoT (Internet of Things) ecosystem is attributed to the growing count of connected devices, which need more efficient motor control systems. Startups are expected to invest in motor driver ICs with precise management and control of IoT devices, such as surveillance cameras, thermostats, and smart locks. New players are projected to secure a position for themselves with increasing requirements for compact, reliable, and efficient motor control solutions across numerous industries.

Country-wise Insights

Fact.MR, a market research and competitive intelligence provider, mentions in its recently published report that North America is projected to account for 31.5% share of the global market by 2034. Increasing demand for consumer electronics and industrial automation is expected to contribute to the revenue streams of motor driver IC manufacturers in North America.

What is Expected for Suppliers of Motor Driver ICs in the United States?

“Presence of Well-established Consumer Electronic Sector and Growing Healthcare and Aerospace Sectors”

Attribute United States
Market Value (2024E) US$ 122.2 Million
Growth Rate (2024 to 2034) 6.4% CAGR
Projected Value (2034F) US$ 226.4 Million

The United States is set to contribute 45.6% of the market share in North America by the end of 2034. Growth in the market is supported by the presence of a strong electronics sector. In addition, increasing demand for motor driver ICs is also attributed to the expansion of the semiconductor market.

Why is the Motor Driver IC Market Size Expanding Steadily in China?

“Modernization of Food Industry Resulting in Advancements in Packaging Technologies”

Attribute China
Market Value (2024E) US$ 95.6 Million
Growth Rate (2024 to 2034) 7.4% CAGR
Projected Value (2034F) US$ 194.7 Million

With an expansion of autonomous robots, an increase in the demand for integrated circuits is also experienced, which makes China hold a 48.9% share of East Asian market revenue in 2024. Further, rising R&D expenditure on innovations in the semiconductor industry is anticipated to make the country a lucrative market for manufacturers of motor driver ICs.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Category-wise Insights

Fact.MR, in its newly published analysis, mentions that increased worldwide demand for brushless DC motors is attributed to their quieter, more effective, and better power density. Further, the longer lifespan of these motors is also contributing to their increased demand.

Why is Traction for Brushless DC Motors Increasing across the World?

“Rising Need for Energy-efficient Motor Operations”

Attribute Brushless DC Motors
Segment Value (2024E) US$ 432.5 Million
Growth Rate (2024 to 2034) 6.2% CAGR
Projected Value (2034F) US$ 788.1 Million

Brushless DC motors are set to contribute 52% share of global market revenue in 2024. These motors are technically known as permanent magnet synchronous motors (PMSM). They are becoming more popular owing to their longer lifespan, higher speed, higher torque, better power density, quieter, and more effective functioning. The growing demand for quiet and energy-efficient motor operations is projected to increase their demand in numerous applications.

Why are Motor Driver ICs Widely Used the Aerospace & Defense Sectors?

“Transition toward Operational and Digital Effectiveness”

In recent years, there has been an increase in the requirements for small- and medium-sized aircraft. This change is attributed to increasing air traffic. A transition to more operational and digital efficiencies is an outcome of emerging technology and changing company models. Smart factories are emphasizing speeding up and shortening cycle times of aerospace and defense activities, which is further forecast to positively influence motor driver IC market trends.

Competitive Landscape

Prominent manufacturers of motor driver ICs are increasing their production capacities. They want to expand their capabilities to strengthen their product portfolio and ensure a global presence. Companies are trying to reach their respective targeted groups with new product development, effectively managing supply chain systems, and offering quality products.

Key players in the motor driver IC industry include Texas Instruments, Mitsubishi Electric Corporation, Toshiba Corporation, Allegro Microsystems, STMicroelectronics, Dialog Semiconductor PLC, ON Semiconductor, Fairchild Semiconductor, Rohm Co. Ltd., Maim Integrates, Semtech Corporation, and Maxim Integrated.

Segmentation of Motor Driver IC Market 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 to 48 V
    • >48 V
  • By Application :

    • Automotive
    • Aerospace & Defense
    • Industrial Automation
    • Consumer Electronics
    • Healthcare
  • By Region :

    • North America
    • Europe
    • East Asia
    • Latin America
    • Middle East & Africa
    • South Asia & Oceania

- FAQs -

What is the size of the motor driver IC market in 2024?

The global motor driver IC market is calculated at US$ 831.8 million for 2024.

What is the sales outlook for motor driver ICs for 2034?

Revenue from the sales of motor driver ICs is projected to reach US$ 1.58 billion by 2034.

At what rate is the demand for motor driver ICs forecasted to increase?

Demand for motor driver ICs is projected to increase at a CAGR of 6.6% from 2024 to 2034.

What is the revenue share of brushless DC motors?

Brushless DC motors are projected to account for 50% share of global market revenue by 2034-end.

What is the contribution of North America to the global market?

North America is set to hold 31.5% of the global market share by 2034-end.

What is the function of motor driver ICs?

Motor driver ICs are current amplifiers, which accept a low current signal from the controller and then convert the same into a high current signal to drive the motor.

What are the projections for the market in Japan?

Sales of motor driver ICs are projected to rise at 7.9% CAGR from 2024 to 2034 in Japan.

- Also of Interest -

Permanent Magnet Synchronous Motors Market

Permanent Magnet Synchronous Motors Market Study by 375 to 450 kW, 450 to 600 kW, and Above 600 kW for Electronics, Automotive, Oil & Gas, Marine, Defense, Power, and Mining from 2023 to 2033

Frameless Brushless DC Motor Market

Frameless Brushless DC Motor Market Study by Inner Core and Outer Core Motor Winding for Industrial Devices, HVAC, Consumer Goods & Appliances, Automotive, Aerospace, and Healthcare from 2024 to 2034

Brushless DC Motor Market

Brushless DC Motor Market Study by 0 to 750 Watts, 751 Watts to 3 kW, 3.1 kW to 75 kW, and Above 75 kW for Consumer Electronics, Automotive, Manufacturing, and Medical Devices from 2024 to 2034

Autonomous Mobile Robots Market

Autonomous Mobile Robots Market By Functional Ability (Self-maintenance, Task performance, Task perception, Environmental perception), By Application (Military, Residential maintenance) & By Region - Global Market Insights 2022-2032

Motor Driver IC Market

Schedule a Call