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Motor Driver IC Market Share
- Report ID: GMI5154
- Published Date: Nov 2021
- Report Format: PDF
Motor Driver IC Market Share
Prominent companies operating in the motor driver IC market include :
- Allegro MicroSystems, Inc
- Dialog Semiconductor
- Diodes Incorporated
- H&M Semiconductor
- Infineon Technologies AG
- Maxim Integrated
- Melexis
- Toshiba Electronic Devices & Storage Corporation.
These market players are extensively focusing on various strategies such as development of new products, mergers, and acquisitions in order to influence their product offerings and cater to competitiveness.
Frequently Asked Questions (FAQ) :
Market size of motor driver IC was worth USD 1 billion in 2020 and may register 5.5% CAGR through 2027, with unit shipments expected to hit 500 million units.
The brushed motor driver IC segment held 40% of the industry share in 2020 and may record 5% CAGR through 2027, driven by the product’s advantages such as smaller footprint, suitability for extreme environments, high efficiency, and low-cost construction.
The automotive segment held 40% of the market share in 2020 and will showcase 6.5% gains up to 2027. The growth will be driven by the rising demand for safety applications such as electronic parking brake, fuel pump, and active suspension control.
Asia Pacific accounted for 45% of revenue share in 2020 and will register 6.5% growth rate during 2021 to 2027, due to increasing participation by government bodies in encouraging process automation in manufacturing.
Motor Driver IC Market Scope
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