Motor Driver Integrated Circuit (IC) Market Expected to Achieve 12.6% CAGR by 2029: Growth Forecast Insights

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How Large Will the Motor Driver Integrated Circuit (IC) Market Size By 2025?
In the last few years, the size of the motor driver integrated circuit (IC) industry has shown a significant increase. The market is estimated to expand from $5.98 billion in 2024 to $6.68 billion in 2025, progressing at a compound annual growth rate (CAGR) of 11.6%. The historical growth of the industry has been catalyzed by factors such as increased demand for consumer electronics, the prevalence of industrial automation, the surge in electric vehicles, the widening scope of robotics applications, and the implementation of energy-saving systems.

How Big Is the Motor Driver Integrated Circuit (IC) Market Size Expected to Grow by 2029?
Rapid expansion is anticipated in the motor driver integrated circuit (ic) market in the coming years, with projections showing its increase to $10.75 billion in 2029, boasting a compound annual growth rate (CAGR) of 12.6%. The surge during the predicted period is due to factors such as the escalation in electric and hybrid vehicles' popularity, the industrial automation demand, increased usage of household appliances, greater emphasis on energy conservation, and drones' rising fame. Well-known trends for the forecast period encompass gallium nitride technology advancements, progress in silicon carbide-based drivers, novel inventions in compact circuit designs, ongoing research and development in motor control, and the incorporation of artificial intelligence.

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Which Key Market Drivers Powering Motor Driver Integrated Circuit (IC) Market Expansion and Growth?
The surge in electric vehicle usage is set to boost the expansion of the motor driver IC market in the future. A significant reason for the growing adoption of electric vehicles (EVs), which depend either wholly or partially on rechargeable battery power instead of solely on fuelled internal combustion engines, is escalating concerns about the environment. Both customers and governments have taken this route in an attempt to minimize greenhouse gas emissions and fossil fuel reliance to tackle the issue of climate change. Electric vehicles utilize motor driver integrated circuits (ICs) for effective motor function control. This ensures accurate control of speed, torque, and direction, resulting in enhanced performance and energy efficiency. For example, the International Energy Agency, an autonomous intergovernmental body in France, reported that in 2024's first quarter, electric car sales witnessed a rise of roughly 25% compared to the same duration in 2023. This reflects the annual growth seen in the first quarter of 2022. As such, the proliferating use of electric vehicles is a vital factor accelerating the motor driver IC market's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Motor Driver Integrated Circuit (IC) Market?
Key players in the motor driver IC market are concentrating on creating innovative solutions like power management ICs to improve energy efficiency and facilitate compact, high-performance designs. Power management ICs, which are part of the integrated circuits family, effectively regulate power distribution, voltage, and sequencing, thereby allowing motor driver ICs to function safely and efficiently by guaranteeing a stable and optimized power supply. For example, Alpha and Omega Semiconductor Limited, a US-based manufacturer, introduced the AOZ32063MQV, a slim 3-phase driver IC with advanced power management capabilities, in February 2024. This included a high-side 100% duty cycle operation, an incorporated bootstrap diode, and various safeguarding functions to better energy efficiency and lengthen battery life in applications such as cordless power tools and e-mobility. With its broad input voltage range of 5V to 60V, adjustable dead-time control, and sleep mode functionality to curtail standby power usage, the AOZ32063MQV is perfect for use in space-limited, high-efficiency BLDC motor applications. This empowers manufacturers to develop smaller and more reliable motor control systems, ultimately reducing overall BOM costs and enhancing system performance.

What Are the Emerging Segments in the Motor Driver Integrated Circuit (IC) Market?
The motor driver integrated circuit (ic) market covered in this report is segmented -

1) By Type: Brushed Direct Current Motor Driver Integrated Circuit (IC), Brushless Direct Current Motor Driver Integrated Circuit (IC), Stepper Motor Driver Integrated Circuit (IC)
2) By Technology: Complementary Metal-Oxide-Semiconductor (CMOS), Bipolar, Bipolar-Complementary Metal-Oxide-Semiconductor (BiCMOS), Gallium Nitride (GaN), Silicon Carbide (SiC)
3) By Functionality: Speed Control, Position Control, Torque Control
4) By Application: Automotive, Industrial Automation, Consumer Electronics, Healthcare, Other Applications
5) By End-User: Original Equipment Manufacturers, Aftermarket

Subsegments:
1) By Brushed Direct Current Motor Driver Integrated Circuit: Low Voltage Brushed Direct Current Motor Driver Integrated Circuit, Medium Voltage Brushed Direct Current Motor Driver Integrated Circuit, High Voltage Brushed Direct Current Motor Driver Integrated Circuit, Single-Channel Brushed Direct Current Motor Driver Integrated Circuit, Dual-Channel Brushed Direct Current Motor Driver Integrated Circuit
2) By Brushless Direct Current Motor Driver Integrated Circuit: Sensorless Brushless Direct Current Motor Driver Integrated Circuit, Sensor-Based Brushless Direct Current Motor Driver Integrated Circuit, External Controller Brushless Direct Current Motor Driver Integrated Circuit, Integrated Controller Brushless Direct Current Motor Driver Integrated Circuit, Three-Phase Brushless Direct Current Motor Driver Integrated Circuit
3) By Stepper Motor Driver Integrated Circuit: Unipolar Stepper Motor Driver Integrated Circuit, Bipolar Stepper Motor Driver Integrated Circuit, Microstepping Stepper Motor Driver Integrated Circuit, Integrated Stepper Motor Controller Integrated Circuit, External Stepper Motor Controller Integrated Circuit

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Who Are the Global Leaders in the Motor Driver Integrated Circuit (IC) Market?
Major companies operating in the motor driver integrated circuit (IC) market are Panasonic Corporation, Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., Infineon Technologies AG, Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Fuji Electric Co. Ltd., Microchip Technology Incorporated, ROHM Co. Ltd., Novatek Microelectronics Corp, Diodes Incorporated, Monolithic Power Systems Inc., Melexis N.V., Alpha & Omega Semiconductor (AOS), Allegro MicroSystems Inc., Power Integrations Inc., Wolfspeed Inc., Sanken Electric Co. Ltd.

Which are the Top Profitable Regional Markets for the Motor Driver Integrated Circuit (IC) Industry?
Asia-Pacific was the largest region in the motor driver integrated circuit (IC) market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the motor driver integrated circuit (IC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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