Motor Driver IC Market Analysis

Motor Driver IC Market Analysis

The brushed motor driver IC held a market share of around 40% in 2020 and is anticipated to witness 5% growth rate through 2027. The growth is impelled by the several advantages offered by the IC such as low-cost construction, smaller footprint, higher efficiency, and suitability for extreme environments.

Brushed motor IC is widely used in heavy-duty machinery such as dump trucks, bulldozers, excavators, telehandlers, motor graders, and compactors. These IC are also integrated into power tools such as drilling machines, grinders, sanders, vacuums, fans, and other motor-driven systems. The proliferation of heavy-duty machinery in North American economies including the U.S. and Canada is expected to fuel the usage of these motor driver IC during the forecast period. Several key market players are emphasizing on developing innovative and improved products with enhanced control capacity to increase their market footprint.

The 24 V – 48 V segment in the motor driver IC market accounted for 40% of revenue share in 2020 and is slated to attain a CAGR of 5.5% by 2027. The motor driver IC offers numerous benefits such as miniaturized size, high power motor control, and user safety. These ICs are highly integrated into handheld gardening tools such as lawnmowers, chainsaws, water pumps, and cordless shears for electrical power control applications.

The rising popularity of Do It Yourself (DIY) gardening activities across Japan will support the segment growth over the coming years. Several industry leaders are focusing on developing high voltage motor driver integrated circuits to cater to the high demand from industrial applications.
 

The automotive segment captured 40% of the motor driver IC market share in 2020 and is poised to showcase 6.5% gains till 2027. The growth can be credited to the growing need for security and safety applications such as active suspension control, electronic parking brake, fuel pump, and electronic seatbelt tensioners in the automotive industry.
 

Motor driver IC are used to provide optimized system cost and high performance for automotive applications. Adding to this, the increasing penetration of electric cars across Europe will stimulate the segment expansion. Several industry participants are extensively focusing on developing new motor ICs to address the rising demand from the automotive sector.
 

Asia Pacific motor driver IC market held 45% of revenue share in 2020 and is predicted to expand at over 6.5% during 2021 to 2027. The industry progression is led by the governments' increasing emphasis on promoting process automation in the manufacturing sector. For instance, in October 2021, the South Korean government announced its plan to fund USD 340 million for helping new start-ups and small & medium enterprises to establish smart factories. These factories are highly integrated with industrial robots, assembly lines, conveyor systems, and CNC machinery, which require motor drivers for process control operations. The widespread use of automation and robotics in smart factories will spur the industry growth.