Motor Control IC's Market Anticipated To Witness Robust Growth, Surpassing $7.94 Billion By 2029

Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.

What Is the Current Motor Control IC's Market Size and Its Estimated Growth Rate?
In recent times, there has been a significant expansion in the market size of motor control ICs. It is projected to escalate from $5.46 billion in 2024 to $5.90 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 8.1%. This upward trend during the historical time frame is due to higher production in the automotive sector, the expansion of industrial automation, a surge in the use of consumer electronics, an increase in energy-efficient appliances, and the growing demand for electric power steering systems.

Strong expansion is anticipated in the motor control ICs market over the coming years, with projections indicating that it could reach $7.94 billion by 2029, marking a compound annual growth rate (CAGR) of 7.7%. The imminent growth during this period is partly due to enhanced electric vehicle production, the widening of smart factories, increased use of robotics, a concentration on energy conservation, and the widespread application of home automation solutions. Key trends throughout the forecast period comprise progression in semiconductor technology, ground-breaking approaches to integrated motor control solutions, the creation of high-voltage motor drivers, technological evolution, and the reduction in size of motor control IC's.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/customise?id=23763&type=smp

How Are Emerging Segments Shaping the Motor Control IC's Market Landscape?
The motor control ic's market covered in this report is segmented -

1) By Type: Brushed Direct Current Motor Control IC, Brushless Direct Current Motor Control IC, Stepper Motor Control IC
2) By Control Algorithm: Vector Control, Field Oriented Control, Proportional Integral Derivative Control, Direct Torque Control
3) By Application: Automotive, Industrial, Consumer Electronics, Healthcare, Other Applications
4) By End-User: Original Equipment Manufacturers, After market

Subsegments:
1) By Brushed Direct Current Motor Control IC: Single-Channel Drivers, Dual H-bridge Drivers, Low-voltage BDC Motor Controllers, Integrated Controller-Driver Solutions
2) By Brushless Direct Current Motor Control IC: Sensor-based BLDC Controllers, Sensorless BLDC Controllers, Sinusoidal Commutation Controllers, Field-Oriented Control (FOC) Drivers
3) By Stepper Motor Control IC: Unipolar Stepper Drivers, Bipolar Stepper Drivers, Microstepping Drivers, Integrated Motion Controllers For Stepper Motors

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=23763&type=smp

Which Growth Factors Are Influencing Motor Control IC's Market Expansion?
The motor control ICs market's expansion is anticipated to be fostered by the surging adoption of electric vehicles. These are vehicles entirely or partially driven by electricity, utilizing one or more electric motors for propulsion. Instead of using traditional internal combustion engines fueled by fossil fuels, they primarily depend on rechargeable batteries for energy. The rising concern for the environment is primarily fuelling electric vehicles' popularity, propelling customer demand and government incentives for transportation options with lower emissions. Motor control ICs contribute to electric vehicles by accurately supervising the electric motor's functioning, ensuring competent speed, torque, and power supply. For instance, the International Energy Agency, a French intergovernmental organization, reported that global electric car sales surged from 14 million in 2023 to 17 million in 2024, indicating strong annual growth. Hence, the escalating adoption of electric vehicles is stimulating the growth of the motor control ICs market.

Who Are the Dominant Players Across Different Motor Control IC's Market Segments?
Major companies operating in the motor control ic's market are Panasonic Corporation, Mitsubishi Electric Corporation, Toshiba Corporation, Texas Instruments Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology Inc., Rohm Semiconductor, Monolithic Power Systems, Diodes Incorporated, Silicon Labs, Allegro MicroSystems LLC, Power Integrations Inc., Vishay Intertechnology Inc., Sanken Electric Co. Ltd., Melexis NV

What Are the Latest Developing Trends in the Motor Control IC's Market?
Key players in the motor control ICs market are concentrating their efforts on the creation of novel technologies, like 3-phase gate drivers, to heighten efficiency and streamline motor control systems. The 3-phase gate driver is an integrated circuit specially created to manage the switching of the three transistors, both high-side and low-side, usually MOSFETs or IGBTs, in a 3-phase motor. To exemplify, Infineon Technologies AG, a semiconductor manufacturer based in Germany, rolled out a fully-integrated MOTIX motor controller as well as a triple-phase gate driver in June 2022, aiming to uplift the efficacy, output, and trustworthiness of motor systems in electric automobiles. This leads to smoother functioning and substantial energy conservation. The tri-phase gate driver promotes optimal switching performance of power transistors, guaranteeing smooth and efficient power transfer to the motor. The system comes with inbuilt safety features like protection against overcurrent and overheating, as well as compatibility with a wide voltage range. This consolidated system not only enhances reliability but also saves space and cost, making it well suited for high performing applications in electric cars, industrial automation, and renewable energy systems.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/motor-control-ics-global-market-report

Which Geographic Regions Are Expected to Dominate the Motor Control IC's Market in the Coming Years?
North America was the largest region in the motor control ICs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the motor control ic's market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Motor Control IC's Market?
2. What is the CAGR expected in the Motor Control IC's Market?
3. What Are the Key Innovations Transforming the Motor Control IC's Industry?
4. Which Region Is Leading the Motor Control IC's Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.