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Motor Driver IC Market was valued at USD 12.08 billion in 2023 and is anticipated to grow at a CAGR of over 20% between 2024 and 2032. The market is experiencing significant growth driven by the increasing adoption of automation and robotics across various industries.
As manufacturing processes become more automated, the demand for precise motor control is rising, leading to a surge in the use of motor driver ICs. For instance, in December 2023, Renesas Electronics unveiled new programmable motor driver ICs for sensorless brushless DC motors, enabling full torque at zero speed.
Motor driver ICs are essential in optimizing energy consumption by controlling motor speed and torque precisely. With the global push towards sustainable practices and energy conservation, industries are increasingly adopting motor driver ICs that offer higher efficiency and reduced power consumption. This trend aligns with broader goals of reducing carbon footprints and operational expenses, further accelerating market demand.
Report Attribute | Details |
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Base Year: | 2023 |
Motor Driver IC Market Size in 2023: | USD 12.8 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 20% |
2024 – 2032 Value Projection: | USD 65 Billion (USD) |
Historical Data for: | 2021 – 2023 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 760 |
Segments covered: | Type, Voltage Range, Application, Technology, Functionality, Sales Channel |
Growth Drivers: |
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Pitfalls & Challenges: |
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The rise of electric vehicles (EVs) and smart home devices is propelling the growth of the motor driver IC market. Electric vehicles require advanced motor control systems for performance and efficiency, driving the need for sophisticated motor driver ICs. Similarly, the proliferation of smart home technologies, including automated appliances and smart HVAC systems, is increasing the demand for reliable and efficient motor drivers. As these technologies continue to evolve and expand, the market for motor driver ICs is expected to see sustained growth.
The development and manufacturing of advanced motor driver ICs involve substantial costs due to the complexity of technology and the need for high precision. Designing and producing these ICs require significant investment in research and development (R&D), sophisticated manufacturing equipment, and stringent quality control processes. These costs can be prohibitive, especially for smaller companies or startups entering the market.
Integrating motor driver ICs into existing systems presents significant challenges. Many applications require motor driver ICs to work seamlessly with various types of motors and control algorithms, such as Trapezoidal, Sinusoidal, and Field-Oriented Control (FOC). This complexity increases the difficulty of designing systems that are compatible with different motor types and specifications. Moreover, ensuring that the ICs meet performance and reliability standards across diverse applications adds to the design complexity.
The latest trend in the motor driver IC industry is the integration of advanced sensorless control technologies. Companies are developing motor driver ICs that enable full torque at zero speed, improving efficiency and reducing the need for external sensors. These innovations allow for more compact and cost-effective designs, which are particularly beneficial for applications in electric vehicles, industrial automation, and smart home devices. Additionally, there's a growing focus on enhancing power management and incorporating robust protection features to ensure reliability and longevity in diverse operating conditions.
For instance, in July 2024, STMicroelectronics introduced the EVLDRIVE101-HPD motor driver board, capable of driving up to 750W brushless DC motors. Featuring the STDRIVE101 gate driver and STM32G0 microcontroller, this compact board supports various motor control strategies and offers extensive protection features, making it ideal for diverse applications like power tools, fans, and drones.
Based on type, the market is divided into brushed dc motor driver IC, brushless DC motor driver IC, and stepper motor driver IC. The brushed dc motor driver IC segment is expected to reach a value over USD 30 billion by 2032.
Based on voltage range, the market is divided into low voltage (up to 24V), medium voltage (24V to 60V), and high voltage (above 60V). The medium voltage (24V to 60V) segment is the fastest growing segment with a CAGR of over 20% between 2024 and 2032.
North America dominated the global motor driver IC market in 2023, accounting for a share of over 25%. The region is home to a robust industrial base with advanced manufacturing and automation sectors, which are increasingly adopting motor driver ICs for enhanced efficiency and precision. The widespread adoption of electric vehicles (EVs) in North America, driven by supportive government policies and increasing consumer demand for eco-friendly transportation options, is another crucial factor propelling market growth.
US market is expanding rapidly due to the country's strong emphasis on technological innovation and industrial automation. The US has a well-established automotive industry, which is increasingly integrating motor driver ICs in electric and autonomous vehicles to improve performance and energy efficiency.
China motor driver IC market is witnessing robust growth due to the country's rapid industrialization and extensive manufacturing base. China's emphasis on electric vehicle (EV) production, driven by government subsidies and incentives, significantly boosts the demand for motor driver ICs. The country's commitment to green energy and reducing carbon emissions aligns with the increased adoption of energy-efficient motor driver ICs in various sectors, including automotive, consumer electronics, and industrial automation.
South Korea motor driver IC industry is expanding due to the country's strong technological infrastructure and leadership in electronics manufacturing. South Korea's well-established automotive industry, particularly in electric vehicles and autonomous driving technologies, significantly contributes to the market's growth. The nation's focus on smart factories and Industry 4.0 initiatives further drives the demand for advanced motor driver ICs, as these components are crucial for automation and efficient motor control.
Japan market is growing steadily, driven by the country's strong automotive industry and emphasis on advanced manufacturing. Japan is a global leader in automotive innovation, with significant investments in electric and hybrid vehicles, which require efficient and reliable motor driver ICs. The country's focus on precision and quality in manufacturing, combined with its expertise in robotics and automation, further supports the adoption of motor driver ICs in various industrial applications.
Texas Instruments Inc. and Infineon Technologies AG hold a significant share in the motor driver IC industry. Texas Instruments is renowned for its innovative solutions and extensive portfolio of motor driver ICs, which cater to various applications ranging from automotive to industrial sectors. Their advanced technologies, robust performance, and reliable products have cemented their position as a market leader. Infineon Technologies AG, on the other hand, excels in offering high-efficiency motor driver ICs, particularly focusing on energy-efficient solutions. Their expertise in power semiconductors and strong presence in the automotive industry have contributed to their substantial market share.
Some other major players in the market are Analog Devices, Microchip Technology, Maxim Integrated, Renesas Electronics, Allegro MicroSystems, Mitsubishi Electric, Panasonic Corporation, and Qualcomm.
Major players operating in the motor driver IC industry are:
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Market, By Type
Market, By Voltage Range
Market, By Application
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The above information is provided for the following regions and countries: