Motor Driver IC Market

Motor Driver IC Market Outlook (2022-2032)

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 2021.

Report Attributes	Details
Market Size (2021A)	US$ 741.2 million
Estimated Market Value (2022E)	US$ 732.2 million
Forecasted Market Value (2032F)	US$ 1,567.3 million
Global Market Growth Rate (2022-2032)	7.9% CAGR
North America Market Share (2022)	23.3%
North America Market Value (2022)	US$ 170.5 million
Europe Market Share (2022)	20.7%
Europe Market Value (2022)	US$ 151.6 million
China Market Share (2022)	6.8%
China Market Value (2022)	US$ 124.6 million
Market Share of Top 3 Countries	40.3%
Key Companies Profiled	Toshiba Corporation Mitsubishi Electric Corporation Texas Instruments Allegro Microsystems Dialog Semiconductor PLC, STMicroelctronics ON Semiconductor Rohm Co Ltd, Fairchild Semiconductor Semtech Corporation Maxim Integrated

Sales Analysis of Motor Driver IC (2017-2021) Vs. Market Outlook (2022-2032)

In robotics, motor driver IC is frequently used to connect microcontrollers to DC motors. They are an essential component in controlling motion in autonomous robots and so are widely used in automation. They can also be found in settings that are more typical, such as office appliances and automotive electronics.

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.

A roadmap for the motor driver IC becomes more important as mass markets demand for new and automated technological advance products.

• Short Term (2022 to 2025): the market is expected to see substantial growth for its wide range of usability of the product.
• Medium Term (2025-2028): United States and China are projected to witness comparatively high motor driver IC demand due to increased penetration of smart gadgets in the region.
• Long Term (2028-2032): High penetration of smart devices in the market can increase the demand for motor driver IC.

From 2017 to 2021, the global market for motor driver IC registered a CAGR of 3.9% Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 7.9% CAGR between 2022 and 2032.

Market share analysis of motor driver IC based on technology and region is provided in the above image. Under the motor type segment, the Brushless sub-segment dominates with 48.1% market share in 2022.

What’s Driving High Demand for Motor Driver IC across Regions?

“Emergence of technology in semiconductor will drive the motor driver IC market”

The market for motor driver IC due to rising automation and digitalization, is set to experience escalating expansion during the assessment period. Only autonomous robotics uses motor driver integrated circuits (ICs). Additionally, whereas most microprocessors run on low voltages and little current, motors need significantly larger voltages and current to operate.

Consequently, of rising industrial automation, many OEMs and end users use motor driver IC. The consumer electronics, automotive, aerospace & military, and industrial automation industries are the main drivers of the market. The demand will be driven by rising IoT application usage as a result of telecom and semiconductor industry advancements throughout the course of the projected period. The aforementioned elements will encourage significant growth of the product over the forecast period.

“Consumer electronics to remain most lucrative segment over the forecast period”

The motor driver integrated circuit is used in a wide range of technological applications, including the automotive and medical industries. Over the course of the projected period, market possibilities will be facilitated by advancements in the semiconductor sector and rising consumer electronics demand.

The automotive market is anticipated to expand significantly, driven by the introduction of connected cars and automated vehicles as well as automation in the automotive manufacturing process. By the conclusion of the projected period, the consumer electronics industry will have close to one-fourth of the global market share for motor driver IC. However, the demand is being driven by technological advancements in the aerospace and defense, and healthcare sectors.

What Do Motor Driver IC Manufacturers Need to Watch Out for?

“Complexity to maintain the product” 

The lack of customization and flexibility in implementation is this setup's main drawback. The drive-motor combination is sold as a single unit. Hence it typically only functions in certain applications. Additionally, there is no other option but to replace the entire unit if the driver needs to be changed, but the motor is working great or vice versa.

Furthermore, integrated devices simply add unnecessary redundancy to the system if only one drive is required, but numerous motors exist. Vendor lock-in and modifications to maintenance practices are other negatives, as it may be difficult to determine whether a problem is caused by the motor or drive. Hence, the complexity of maintaining motor driver IC can reduce the sale of the product, and consumers can adopt substitute options.

Country-wise Insights

How is the Market Scenario for Motor Driver in United States?

North America is anticipated to be the most lucrative area for the market, supported by strong growth in the consumer electronics sector as well as rising demand in the aerospace and healthcare sectors. The development of the motor driver IC industry and the semiconductor market is significantly influenced by regional trends and regulatory laws.

On the strength of rising consumer industrial automation and rising demand in the consumer electronics segment, it is anticipated that the North American market will continue to expand. The U.S. market is anticipated to capture a market share of 84.1%, generating a value of US$ 143.3 million in 2022.

Why is the China Motor Driver IC Market Expected to Be Highly Lucrative?

As autonomous robots are increasing, industry analysts predict that China's integrated circuit market will expand quickly over the coming years and call for increased R&D spending and strengthened independent innovation as part of a larger effort to create a reasonably complete semiconductor industry chain system.

According to data from the China Semiconductor Business Association, the country's integrated circuit industry generated US$ 108.4 billion in sales between January and September 2021.

The nation has increased the IC industry's production capacities. China manufactured 359.4 billion ICs last year in 2021, growing 33.3 percent year over year, according to data from the National Bureau of Statistics, twice the growth rate in 2020. All in all, motor driver IC is lucrative in East Asia due to the surge in the semiconductor industry.

Category-wise Insights

Growth of Brushless DC Drive Traction for Motor Driver IC

Technically, it is a permanent magnet synchronous motor (PMSM), but it is called brushless DC because it uses an inverter to run on a DC power source with a straightforward commutation approach rather than brushes. The stator windings may occasionally be built to correspond with non-sinusoidal commutation.

When compared to brushed-DC and stepper motors, brushless motor DC motors are more effective, quieter, have better power density, higher torque, higher speed, and a longer lifespan. Brushless DC (BLDC) motors are frequently employed in a variety of applications due to the increased demand for energy-efficient and quiet motor operation. The majority of the time, a challenging technique is needed to increase the motor drive efficiency.

Owing to the above facts, the brushless sub-segment of the motor driver IC market will have a market share of 48.1% in 2022.

Why is Market Growth Being Led by the Aerospace and Defense Industry?

According to current macroeconomic trends, demand for small-medium sized aircraft is expected to increase further until it reaches pre-COVID levels in 2022. Manufacturers of narrow-body aircraft are well-positioned to profit from this strong demand. Furthermore, aftermarket revenues should rebound sharply in 2022 as air traffic increases since air travel volumes are now far off the lows recorded in 2020.

The transition toward more digital and operational efficiencies will probably go more quickly as a result of emerging technology, changing company models, and rising M&A activity. Particularly, digital thread and smart factories provide a variety of productivity- and efficiency-improving technologies that can shorten cycle times and speed up the time to market. A&D companies that prioritize innovation will probably be more ready for 2022.

Owing to the aforementioned factors, the market for motor driver IC in aerospace and defense will have a market share of 15% in 2022.

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.

Fact.MR has provided detailed information about the price points of key manufacturers of motor driver IC positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

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