Middle East and Africa Motor Driver IC Market is expected to reach US$ 223.1 Million by 2028

PRESS RELEASE BY The Insight Partners 08 Feb 2022

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Brushed DC Motor Segment has the Largest Share of Motor Type in the Middle East & Africa Motor Driver IC Market during 2021–2028

According to our latest study on “Middle East & Africa Motor Driver IC Market Forecast to 2028 – COVID-19 Impact and Analysis – by Motor Type, Semiconductor, and Application,” the market is projected to reach US$ 223.1 million by 2028 from US$ 188.4 million in 2021; it is expected to grow at a CAGR of 2.5% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the growing production of consumer electronics and increasing adoption of internet of things (IoT) across Industries. However, accuracy over a high current range is estimated to limit the market’s growth.

Israel, the UAE, Egypt, Morocco, and Kuwait are the main MEA countries that have faced the effects of COVID-19 pandemic. The majority of operations in the region have been suspended due to an increase in the number of cases in the region. In order to deal with the pandemic, countries have been compelled to redirect funds to improve their healthcare infrastructure. As a result, the demand for passive components in the electronic industry is dwindling. Moreover, the end users in the region are heavily dependent on international suppliers, thereby, experiencing significant supply chain disruption during Q2 of 2020. However, the beginning of Q3 of 2020, the demand for various semiconductor products including motor driver ICs increased among the end users owing to re-initiation of the operations. This helped the international motor driver IC market players to supply their products to the end users in the MEA region. This factor was analyzed to understand the impact of COVID-19 on MEA motor driver IC market, which ultimately showcased positive impact.

Based on motor type, the brushed DC motor segment is expected to register the largest market share during the forecast period. However, the stepper motor segment is estimated to register the highest CAGR during the forecast period. In 2021, stepper motors are currently one of the most used motor types in medical analyzers. Furthermore, stepper motors are in high demand in X-ray equipment, ultrasound scanners, IV pumps, and blood analyzers. Stepper motors in fans for cooling are used in recent technical breakthroughs in the healthcare business, such as oxygen concentrators. Stepper motors are useful for medical applications because of their small size and minimal noise.

Toshiba Corporation, Mitsubishi Electric Corporation, Texas Instruments Incorporated, Allegro MicroSystems, Inc., STMicroelectronics N.V., ON Semiconductor Corporation, INFINEON TECHNOLOGIES AG, and Analog Devices, Inc. are among the leading companies in the Middle East & Africa motor driver IC market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for motor driver IC market is segmented into motor type, semiconductor, and application. Based on motor type, the Middle East & Africa motor driver IC market is segmented into brushed DC motor, brushless DC motor, and stepper motor. Based on semiconductor, the Middle East & Africa motor driver IC market is segmented into gallium nitrate (GaN), and silicon carbide (SiC). Based on application, the motor driver IC market is segmented into automotive, aerospace and defense, industrial automation, consumer electronics, and healthcare. Geographically, the motor driver IC market is segmented into Middle East & Africa (Israel, South Africa, Rest of Middle East & Africa).

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