Trends in Motor Driver Ic to propel the demand in forecast By- 2033

According to Fact.MR, a market research and competitive intelligence provider, the global Motor Driver IC market is likely at US$ 732.2 million in 2023 and is expected to expand at a CAGR of 7.9% during the forecast years of 2023-2033. The market is expected to grow due to a surge in demand for the consumer electronics industry used in households.

In robotics, motor driver ICs are frequently used to connect microcontrollers to DC motors. They are commonly utilized in automation since they are a crucial part of autonomous robot motion control. They can also be found in settings that are more typical, such as office appliances and automotive electronics. DC motors can be used in goods like electronic goods, the automotive industry, ATM Machines, and many other appliances.

The market is about to witness significant growth in the coming years due to increased automation and digitalization. The rising adoption of internet of things (IoT) devices results in the advancement of the telecom and semiconductor industry, leading to an increase in demand for motor driver IC.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:- https://www.factmr.com/connectus/sample?flag=S&rep_id=3173?PJ

Owing to technological developments in the internet of things, raised demand for motor driver IC due to its wide supply voltage range is expected to witness significant growth over the coming years.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆

• The global Motor Driver IC market is projected to grow 7.9% and reach US$ 1,567.3 million by 2033.
• The market witnessed 3.9% CAGR between 2017 and 2021.
• The Motor Driver IC dominates the market with US$ 732.2 million valuations in 2022.
• North America dominated the market with 23.4% market share in 2021.
• South Asia and East Asia are likely to represent 17.9% and 22.5% market share in 2022, respectively.
• Based on region, demand for Motor Driver IC is expected to increase at CAGRs of 5.4% and 7.5%, respectively, in Europe and South Asia during 2023-2033.

"Advanced smart home devices provide a route to scaling Motor Driver IC sales creating consistency in demand," says a Fact.MR analyst.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐥𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:

• Toshiba Corporation
• Mitsubishi Electric Corporation
• Texas Instruments
• Allegro Microsystems
• Dialog Semiconductor PLC,
• STMicroelctronics
• ON Semiconductor
• Rohm Co Ltd,
• Fairchild Semiconductor
• Semtech Corporation
• Maxim Integrated

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=3173?PJ

𝐊𝐞𝐲 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝

• By Motor Type:
• Brushed
• Brushless
• Stepper

• By Isolation:

• Magnetic
• Captive
• Optical

• By Mode of Attachment:
• On-Chip
• Discrete

• By Supply Voltage:

• Below 24 V
• 24-48 V
• >48 V

• By Application:
• Automotive
• Aerospace & Defense
• Industrial Automation
• Consumer Electronics
• Healthcare
• Others

• By Region:

• North Americas
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• Middle East & Africa

Market Development

The emerging technology of internet of things has made more human centric technology which ensure improved mechanism and better security for home, office, vehicles etc. To meet the client requirement, lot of research and development have been done around manufacturing smart and wireless switch to target the consumer who prefers stylish look for their house which can also be connected to smart phones and can be taken care of the premises in the absence.

The high penetration of smartphones and smart devices have led lead the market gain traction. The motor driver IC provides wireless connection which give home 100% safety features, easy installation and are environment friendly.

The study predicted that in 2021, there were 258 million smart homes around the world. While United States is the biggest smart automation market in comparison to other countries, wherein millennials are ready to pay 20% or more for smart homes and thus generate opportunities for motor driver IC market.

𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐥𝐞 𝐚𝐭: https://www.factmr.com/checkout/3173

More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global photonic packaging market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of by Product Type (Pad (Single, Double) Wall (Single, Double)), by technology (Enocean* (Retrotouch, Enocean), Bluetooth, ZigBee), by Operating Range (Outdoor) (Less than 25 m, 25-50 m, 50-80 m and above 80 m), by Frequency (433 MHz (Europe, Asia), 868 MHz (Europe), 902 MHz (North America), 928 MHz (Asia), 2.4 GHz (Europe)), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, Middle East & Africa ).

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With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the ICT domain across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐅𝐚𝐜𝐭.𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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