Elettronica
Motor Driver IC Market revenue to cross USD 1.5 Bn by 2027: Global Market Insights Inc.
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The stepper motor driver IC segment is poised to witness 3.5% growth rate through 2027. The motor driver IC market expansion is credited to several high-end characteristics offered by the stepper motors such as high reliability, ruggedness, and low maintenance & simplicity of construction compared to brushed and brushless motors. These features will increase the uptake of stepper motor driver ICs in the market across various application sectors including automotive, consumer electronics, and medical & health care devices. Various medical devices and laboratory equipment, such as computerized blood analyzers, oxygen concentrators, X-Ray machines, etc., are integrated with stepper motors and ICs. The low noise and small size features of these devices make them an ideal choice for medical applications, fueling the segment growth during the forecast period.
The above 48 V segment in the motor driver IC market accounted for 5% of the market share in 2020 led by the increasing uptake of above-48 V motor driver ICs across heavy-duty machinery in the construction sector. The heavy-duty machinery units, such as dump trucks, compactors, motor graders, excavators, bulldozers, and telehandlers, are highly integrated with brushed and stepper motors. The rising adoption of motors in heavy-duty machinery and construction equipment will spur the segment expansion.
The industrial segment held around 25% of revenue share in 2020 and is estimated to attain a CAGR of 4% till 2027. The market progression is attributed to the increasing acceptance of robotics and automation across manufacturing and processing industries. According to October 2021 press release by International Federation of Robotics, over 384,000 industrial robots were shipped globally in 2020. The robot sales witnessed an increase of 10% y-o-y growth in 2020 compared to 2019. These industrial robots are integrated with motor driver ICs that improve the power efficiency and achieve high torque speed in robotics arms and sub-systems. The proliferation of smart factories will further propel the usage of motor driver ICs over the coming years.
Europe motor driver IC market is expected to expand at more than 5% CAGR during 2021 to 2027 owing to the presence of major automakers in the region such as BMW Group, Audi, PSA Group, and Daimler AG. These automakers are highly emphasizing on large-scale automotive manufacturing majorly passenger cars and electric vehicles. The motor driver ICs are highly incorporated into electric power steering, powertrain system, and automotive HVAC system, among others. The increasing production and sales of passenger cars in European economies will provide new growth opportunities for motor driver IC manufacturers in the region.
Key players operating in the motor driver IC market are Allegro MicroSystems, Inc., Dialog Semiconductor, Diodes Incorporated, Infineon Technologies AG, Maxim Integrated, Melexis, and Toshiba Electronic Devices & Storage Corporation. Major companies are are highly focusing on acquisitions, mergers, and collaborations to achieve a competitive advantage among other players in the market.
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3.1 Industry segmentation
3.2 Impact analysis of corona virus (COVID-19) pandemic on market
3.2.1 Global outlook
3.2.2 Impact by region
3.2.3 Industry value chain
3.2.3.1 Research and development
3.2.3.2 Manufacturing
3.2.3.3 Marketing
3.2.3.4 Supply
3.2.4 Competitive landscape
3.2.4.1 Strategy
3.2.4.2 Distribution network
3.2.4.3 Business growth
3.3 Industry ecosystem analysis
3.3.1 Raw material and component suppliers
3.3.2 Manufacturers
3.3.3 Distribution channel
3.3.4 End-user
3.3.5 Vendor matrix
3.4 Technology & innovation landscape
3.4.1 Intelligent Phase Control (InPAC)
3.4.2 Active Gain Control (AGC) technology
3.5 Regulatory landscape
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.2 Industry pitfalls and challenges
3.7 Growth potential analysis
3.8 Porter's analysis
3.9 PESTEL analysis
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