Motor Driver IC Market
Motor Driver IC Market By Motor Type (Brushed DC Motor, Brushless DC Motor, Stepper Motor), By Semiconductor (Gallium Nitrate (GaN), Silicon Carbide (SiC)), By Transistor Gate (MOSFET, IGBT), By Region - Global Mraket Forecast 2020-2030
Global Motor Driver IC Market Insights: Technological Advancements in Semiconductor Industry to Drive Market Growth
The motor driver IC market is set to record impressive CAGR of 6.2% with reaching a valuation of ~US$ 1.6 Bn over the forecast period (2020-2030).
Global motor driver IC Market is set to witness significant growth over the next decade, as a result of increasing automation and digitalization in the semiconductor industry. Motor driver IC is primarily used in autonomous robots, where it acts as an interface between microprocessors and motors to supply current. With a wealth of innovation on the horizon for self-driving cars and autonomous robots, demand for motor driver IC is expected to remain strong going forward.
The motor driver IC market is primarily gaining a boost from technological advancements in consumer electronics, automotive industry, aerospace & defense, and industrial automation. Increasing adoption of IoT technology and growing investments in implementation of disruptive technologies in telecom and semiconductor industries will continue to drive demand for motor driver ICs.
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Motor Driver IC Market Analysis by Semiconductor Material
Motor driver IC is produced with use of SiC (Silicon Carbide) or GaN (Gallium Nitride) as semiconductor material. SiC remains highly preferred semiconductor, owing to a number of advantages such as 10x breakdown electric field strength, 3x band gap, and enabling wider range of p-type and n-type control for device construction.
Use of Gallium Nitrate (GaN) as semiconductor material for motor driver IC is estimated to account for 40% of the total revenue by 2020-end, and gain 422 BPS by 2030 over 2020.
Motor Driver IC Market Analysis by Application: Consumer Electronics to Take the Lead
Motor driver IC finds application in numerous industries, ranging from automotive to medical. A massive influx of consumer electronics and significant improvements in semiconductor industry, in terms of AI applications, device architectures, chip performance, and production costs are expected to facilitate lucrative opportunities for key players operating in the motor driver IC market. Adoption of motor driver IC in consumer electronics is projected to account for nearly one-fourth of the total sales during the forecast period.
Automotive industry is also emerging as key application area of the motor driver IC, backed by automation in automotive manufacturing and introduction of connected and autonomous cars. Moreover, technological advancements in aerospace & defense and healthcare industries will continue to drive the global motor driver IC market growth.
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Motor Driver IC Market Analysis by Transistor Gate: MOSFET Transistor Gate to Witness Strong Demand
MOSFET transistor gate motor driver IC remains the most lucrative category, and its demand is expected to grow at a 7.3% CAGR during the forecast period. MOSFET gate continues to gain higher traction over IGBT gate for motor driver IC applications, on the back of improved switching speed, less power required to drive IC, lower thermal impedance, and lower rise and fall time capability.
Sales of IGBT gate motor driver IC are projected to create an absolute $ opportunity of US$ 259.7 Mn during forecast period. It is estimated to account for 30% of the market revenue by 2030-end.
Regional Analysis: North America to Account for Major Share of Global Market Value
North America emerges as the most lucrative region for motor driver IC market, backed by high growth in consumer electronics industry and increased demand from aerospace and healthcare industries. Regional trend and regulatory policies play an important role in development of the motor driver IC market.
North America’s motor driver IC market is expected to maintain its lead, given the concentration of key market players and rapid digital transformation across industries. The motor driver IC market in the U.S. is poised to grow at a CAGR of 5.6%, creating absolute $ opportunity of US$ 128.1 Mn during the forecast period.
“Integrated circuits continue to be workhorse of the digital economy. With state-of-the-art devices gaining huge attention and smart cities and autonomous vehicles making it easy to imagine a world run by electronic chips, demand for motor driver IC continues to defy gravity,” says the Fact.MR analyst.
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COVID-19 Impact Analysis
The spread of coronavirus has crippled the entire world. Nearly all countries have imposed lockdowns and strict social distancing measures. This has disrupted production plants of several end users of motor drive IC across the globe. The consumer electronics and automotive industries are an important application area of the motor driver IC. During the pandemic, a decline in the production has limited the scope of the market growth. It has also generated massive disruptions in the demand-supply equation across multiple industries, causing a global economic meltdown.
Competitive Analysis: Product Portfolio Management and Capacity Expansion to Remain Key Focus Areas
Key players in the motor driver IC market are focusing on increasing their production capacity to meet mounting demand from OEM’s and commercial customers. With capacity expansion, companies are looking forward to collaboration with global suppliers to ensure their global presence. Adoption of push strategy has helped key players to increase flow of their product in the market and reach target customers.
Customized offerings with respect to clients’ requirements will remain a key to gaining distinct competitive edge. For instance, in September 2018, Toshiba expanded its production capacity by spending 30 billion yen ($270 million), adding 50% more capacity for power semiconductor devices which improve energy conservation in electric cars. The expansion was aimed at meeting the demand for technologically advanced ICs in the automotive industry.
Motor Driver IC Market: Scope of Report
Fact.MR published an exclusive forecast report on the motor driver IC market for the forecast period (2020-2030). The foremost objective of the motor driver IC market report is to pitch spearhead insights on market scenario, demand generators, and technological advancements in the motor driver IC market. Also, the study on motor driver IC market addresses key dynamics, which are expected to diversify the sales and future prominence of motor driver IC market.
The report on motor driver IC market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of motor driver IC market elaborating on the key segments. It also outlines visionary insights on dynamics motor driver IC market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for motor driver IC.
Supply chain analysis and pricing analysis of the motor driver IC market along with the difference between motor driver ICs used as per applications have also been included in the report to help its readers clearly understand the product framework map. The report also covers an exclusive chapter on COVID-19 impact analysis of motor driver IC market.
Motor Driver IC Market: Segmentation
Fact.MR has studied the motor driver IC market with detailed segmentation on the basis of type, fabrication, material, application and key regions.
By Motor Type :
- Brushed DC Motor
- Brushless DC Motor
- Stepper Motor
By Semiconductor :
- Gallium Nitrate (GaN)
- Silicon Carbide (SiC)
By Transistor Gate :
By Isolation :
By Mode of Attachment :
By Maximum Supply Voltage :
- Below 12 volts
- 12 - 24 volt
- 24 - 48 Volts
- Above 48 Volt
By Application :
- Aerospace and Defense
- Industrial Automation
- Consumer Electronics
By Region :
- North America
- Latin America
- East Asia
- South Asia