Press release
Motor Driver ICs Market Estimated To Advance At A Favorable CAGR Of 6.14%
The global automotive industry is operating in a staggered manner due to poor market sentiment, owing to the COVID-19 pandemic. This is anticipated to affect the growth of the motor driver ICs market. Stakeholders are maintaining robust supply chains for essential applications in medical and industrial end markets.Though the global economy is witnessing a slowdown due to the COVID-19 pandemic, new motor driver ICs are being introduced. Texas Instruments Incorporated - the U.S. technology company, is gaining recognition for its new brushless DC (BLDC) motor driver for 48V systems to increase energy efficiency in hybrid electric vehicles. Such trends are helping to revive growth of the motor driver ICs market.
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Cost, Space Limitations in Electronic Products Create Challenges for Semiconductor Companies
The motor driver ICs market is estimated to advance at a favorable CAGR of 6.14% during the forecast tenure. However, there is a need to overcome design challenges such as cost and space limitations in electronic products. Infineon Technologies - a provider of semiconductor and system solutions, is gaining cognizance about these challenges and is providing integrated motor control ICs that that adhere to different technical requirements and budgets.
Semiconductor manufacturers are increasing the availability of motor driver ICs that increase the robustness and reliability of electronic devices. The growing trend of miniaturization is creating incremental opportunities for motor driver ICs manufacturers. As such, there is a demand for consumer electronics that are compact in design, reduce power losses, and increase their overall efficiency.
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Robust Motor Driver ICs Meet High, Low Voltage Demands
Companies in the motor driver ICs market are boosting their output capacities in brushless DC motor driver ICs and stepping motor driver ICs. Toshiba Electronics Devices & Storage Corporation is expanding its product portfolio in motor driver ICs that are suitable for low voltage demands in battery-operated applications. Manufacturers are increasing the availability of motor driver ICs that adhere to high voltage demands such as air conditioner fan motors.
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Due to the increasing needs of energy savings and quiet motor operation, manufacturers in the motor driver ICs market are boosting their production in brushless DC motor driver ICs. Robust brushed DC motor driver ICs are being used for high current demands.
Embedded Motion Control Algorithms Help Simplify Designs in Electronic Systems
Safe, robust, and reliable motor driver ICs are being preferred in automotive, electronics, and industrial applications. Allegro MicroSystems - a provider of advanced semiconductor technology and application-specific algorithms, is building its portfolio in motor drivers that deploy industry-leading robustness and safety.
Semiconductor companies in the motor driver ICs market are helping clients to run motors quietly, efficiently, and reliably in consumer, automotive, and industrial applications. They are increasing their R&D in embedded motion control algorithms that help to simplify designs whilst improving motor performance. Manufacturers are boosting their production capabilities in brushless DC drivers that help develop cost-optimized systems in automotive, consumer, and industrial applications. They are developing highly integrated system in packages (SIP) specifically designed to drive three-phase brushless DC motors.
Cleaning, Consumer Robots Translating into Revenue Opportunities for Manufacturers
There is a growing demand for motor driver ICs that comply with demanding automotive environments. Manufacturers in the motor driver ICs market are increasing their production capabilities to leverage incremental opportunities with the help of gardening tools, drones, and cordless vacuums, among others. Innovations in cleaning and consumer robots are translating into revenue opportunities for manufacturers in the motor driver ICs market.
The highly integrated system in package (SIP) is used in combination with BLDC motors to power consumer electronics. On the other hand, manufacturers in the motor driver ICs market are increasing the availability for high voltage, self-powered, and half-bridge motor drivers that are being used in industrial and factory automation equipment.
How Motor Driver ICs Market will recover after covid19- https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=76425
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