Soaring Demand Set to Propel Motor Control IC's Market to $7.58 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Motor Control IC's Market Through 2025?
The market size of Motor Control IC's has seen a robust growth in the recent past. The market, projecting a compound annual growth rate (CAGR) of 6.0%, will expand from $5.46 billion in 2024 to $5.78 billion in 2025. The factors which contributed to its growth in the historic period include an increase in automotive manufacturing, the expansion of industrial automation, a rise in the use of consumer electronics, growing demand for energy-efficient appliances, and the rising need for electric power steering systems.

What's the Projected Size of the Global Motor Control IC's Market by 2029?
In the coming years, the market size of motor control IC's is predicted to experience robust growth, with the value reaching an anticipated $7.58 billion by 2029. This represents a compound annual growth rate (CAGR) of 7.0%. The upturn during the forecast period is attributed to the increase in production of electric vehicles, the spread of smart factories, the rising implementation of robotics, focus on energy conservation, and the widespread use of home automation solutions. Noteworthy trends for this forecast period include semiconductor technology advancements, revolutionary changes in integrated motor control solutions, creation of high-voltage motor drivers, technology improvements, and motor control IC's becoming more compact.

View the full report here:
https://www.thebusinessresearchcompany.com/report/motor-control-ics-global-market-report

Top Growth Drivers in the Motor Control IC's Industry: What's Accelerating the Market?
The anticipated expansion of the motor control ICs market is due, in large part, to the growing presence of electric vehicles in the global market. These vehicles, which are either completely or partially powered by electricity, rely on electric motors for propulsion and rechargeable batteries as their primary energy source, as opposed to the traditional internal combustion engines that utilize fossil fuels. The escalating issue of environmental decline serves as both a push and pull for the electrification of vehicles, with both consumer demand and government policies advocating for greener, low-pollution alternatives to traditional transportation. In terms of function, motor control ICs lend themselves vitality to electric vehicles, enabling efficient regulation of the electric motor's speed, torque, and power delivery. A testament to this upward trend is the data from the International Energy Agency, a France-based intergovernmental organization, which states that worldwide sales of electric cars skyrocketed from 14 million in 2023 to 17 million in 2024, demonstrating solid annual growth. This makes clear the role of the rising popularity of electric vehicles in driving the expansion of the motor control ICs market.

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

What Trends Will Shape the Motor Control IC's Market Through 2029 and Beyond?
Key businesses within the motor control ICs market are prioritizing the development of ground-breaking technologies. They aim to optimize functionality as well as simplify motor control mechanisms with strategies like the implementation of 3-phase gate drivers. These are ICs specifically designed to manage the switching of three high-side and low-side transistors often composed of MOSFETs or IGBTs found within a 3-phase motor. Infineon Technologies AG, a company based in Germany that specializes in semiconductor manufacturing, rolled out a wholly integrated MOTIX motor controller along with a three-phase gate driver in June 2022, which is geared towards improving the performance, efficiency, and dependability of electric vehicle motor systems by ensuring their smooth running and significant energy conservation. The 3-phase gate driver is designed to positively impact the switching performance of power transistors and guarantee efficient power distribution to the motor. Notably, the system comes with inherent safety features, like protection from overcurrent and overtemperature, and can work with multiple voltage levels. This comprehensive integration enhances system reliance, whilst saving space and money, making it extremely well-suited for deployment in high-performance applications like electric vehicles, industrial automation, and renewable energy systems.

What Are the Main Segments in the Motor Control IC's Market?
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, Aftermarket

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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=23763&type=smp

Which Top Companies are Driving Growth in the Motor Control IC's Market?
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

Which Regions Will Dominate the Motor Control IC's Market Through 2029?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=23763

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow 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

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.