Press release
Motor Driver IC Market is Expected to Grow at US$ 1.6 Bn by 2030
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.factmr.com/connectus/sample?flag=S&rep_id=3075
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ
โข Gallium nitride motor driver ICs are witnessing growth in demand owing to superior capabilities in minimizing risks of short circuits.
โข Power transistor applications are gaining sustained growth with use in renewable energy systems.
โข Asia Pacific is a major market for motor driver ICs, supported by industrial automation demand for power management in high voltage devices.
๐๐จ๐ญ๐จ๐ซ ๐๐ซ๐ข๐ฏ๐๐ซ ๐๐ ๐๐๐ซ๐ค๐๐ญ- ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐ ๐๐๐ญ๐จ๐ซ๐ฌ
โข Motor driver ICs are gaining key growth opportunities in the in the automotive sector in application for HVAC, and oil pump systems.
โข Growing popularity of automated manufacturing facilities is likely to contribute to demand for motor driver ICs.
๐๐จ๐ญ๐จ๐ซ ๐๐ซ๐ข๐ฏ๐๐ซ ๐๐ ๐๐๐ซ๐ค๐๐ญ- ๐๐๐ฒ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
โข Complexity in design of motor driver ICs are a key challenge for market players, hampering growth.
โข Highly competitive market landscape reduces profit opportunities for market players.
๐๐ก๐๐ซ๐ ๐๐จ๐ฎ๐ซ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ & ๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ- https://www.factmr.com/connectus/sample?flag=RC&rep_id=3075
๐๐๐๐๐-๐๐ ๐๐ฆ๐ฉ๐๐๐ญ ๐จ๐ง ๐๐จ๐ญ๐จ๐ซ ๐๐ซ๐ข๐ฏ๐๐ซ ๐๐ ๐๐๐ซ๐ค๐๐ญ
The covid-19 outbreak has adversely impacted the growth prospects of the motor driver IC market in the short term. Temporary closure or restricted activity in varied industrial sectors are holding back the demand for motor driver ICs. In addition, lockdown measures have also impacted the production of these components, hurting growth. On the other hand, rising demand for automated robots in healthcare and disinfection applications during the pandemic are likely to create key growth opportunities for manufacturers to leverage in this period.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
โข Maxim Integrated, Toshiba Corp., Rohm Co. Ltd., Mitsubishi Electric Corp. Semtech Corp., Texas Instruments, On Semiconductor, Allegro Microsystems, and ST Microelectronics N.V., are some of the leading motor driver IC market players.
โข Leading participants in the motor driver IC market have been investing extensively in product development, mass production, and launch strategies involving performance and application improvements.
โข For example, Power Integrations has unveiled the expansion to its range of BridgeSwitch motor driver ICs for voltages up to 400W. Toshiba Electronic Devices & Storage Corp. has launched the new
โข TC78H670FTG 18V/2.0A micro-stepping motor driver IC. Also, ST Microelectronics N.V. has revealed a new 44V motor driver IC with non-latching OCP characteristics.
๐ ๐ฎ๐ฅ๐ฅ ๐๐๐๐๐ฌ๐ฌ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ: https://www.factmr.com/checkout/3075
This study offers readers a comprehensive market forecast of the motor driver IC market. Global, regional and country-level analysis of the latest industry trends impacting the motor driver IC market is covered in this FACT.MR study. The report offers insights on the motor driver IC market on the basis of motor type (brushed DC, brushless DC, and stepper motor), semiconductor (gallium nitrate, and silicon carbide), transistor gate (MOSFET and IGBT), isolation (magnetic, capacitive, and optical), mode of attachment (on-chip, and discrete), maximum supply voltage (below 12 volts, 12 to 24 volt, 24 to 48 volts, and above 48 volts) and application (automotive, aerospace & defense, industrial automation, consumer electronics, healthcare, and others), across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, and MEA).
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐ ๐๐๐ญ.๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก: https://www.prnewswire.com/news-releases/increasing-usage-of-cloud-based-solutions-to-steer-digital-transaction-management-market-past-us-83-25-billion-by-2032--301628185.html
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