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Motor Driver IC Market Trends

Report ID: GMI5154
Published Date: Aug 2024
Report Format: PDF

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Motor Driver IC Market Trends

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.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size for motor driver IC was valued at USD 12.08 billion in 2023 and is anticipated to grow over 20% CAGR between 2024 and 2032 driven by the increasing adoption of automation and robotics across various industries.

The medium voltage (24V to 60V) segment in the motor driver IC market will record 20% CAGR between 2024 and 2032 backed by power efficiency and performance.

North America motor driver IC market held over 25% share in 2023 attributed to the robust industrial base with advanced manufacturing and automation sectors.

Infineon Technologies AG, NXP Semiconductors N.V., ON Semiconductor, Rohm Semiconductor, STMicroelectronics, Texas Instruments Inc., and Toshiba Corporation