Publication Month: Dec 2021 | Report Code: TIPRE00019788 | No. of Pages: 169 | Category: Electronics and Semiconductor | Status: Published
The motor driver integrated circuit (IC) is an electronic component that regulates and harnesses the electrical power sent to the motor. This IC aids in providing adequate electrical power to the motors as required. It has a wide variety of applications in the industrial, automotive, medical, and consumer electronics industries in power management and control of rotary motors. The motor driver IC is used in various sectors, including automotive and medical. A surge in demand for consumer electronics and major advancements in the semiconductor sector in terms of AI applications, device designs, chip performance, and manufacturing prices are projected to provide profitable prospects for key players operating in the motor driver IC market
Smart home gadgets are becoming increasingly popular in developed economies like the US, Japan, Italy, Germany, and France. Motor driver ICs are heavily incorporated into smart home technology products such as game consoles, robotic vacuums, and smart HVAC systems. Furthermore, integrating AI and IoT technology into smart home devices would promote market expansion throughout the projection period.
|Market Size Value in||US$ 3,882.57 million in 2021|
|Market Size Value by||US$ 5,589.33 million by 2028|
|Growth rate||CAGR of 5.3% from 2021 to 2028|
|No. of Pages||169|
|No. of Tables||77|
|No. of Charts & Figures||81|
|Historical data available||Yes|
|Segments covered||Motor Type, Semiconductor, and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The COVID-19 pandemic had an influence on the motor driver IC business, leading to the closure of many factories, problems in supply chain, and obstacles in international trade. Several automakers have lowered their manufacturing capacity in early 2020 due to rising semiconductor shortages and reducing market potential for motor driver IC. However, the motor driver IC market gained momentum in Q3 of 2020 due to the ease of lockdown measures across the world, which led the market to witness positive outcomes at the end of 2020.
Industry 4.0 is the most recent industrial revolution, introducing automation, big data, and artificial intelligence to plants and factories worldwide. The internet of things, or IoT, is one of the foundations of Industry 4.0. The industrial internet of things (IIoT) uses networked sensors and intelligent devices to collect data for artificial intelligence and predictive analytics on the production floor. The Internet of Things (IoT) has changed the way most industrial processes are carried out, including how items are created and distributed, how data is collected from areas that are too dangerous for human operators, and how product quality is maintained. Similarly, the IIoT has been a driving factor behind improved agricultural productivity at lower costs in the face of an ever-increasing population. According to several studies, the adoption of smart solutions driven by IoT in farm operations will expand in the near future. Studies claim that the agriculture business will witness a 20% compound annual growth rate in IoT device installation, with the number of connected devices (agricultural) reaching 225 million by 2024. As a result, the expanding influence of IoT across sectors bodes well for motor driver IC manufacturers, resulting in an increased customer base.
Based on semiconductors, the motor driver IC market is bifurcated into gallium nitrate (GaN) and silicon carbide (SiC). Silicon carbide (SiC) semiconductors are more effective than ordinary semiconductors in a number of key applications. As a result, the new technology is of special interest to electric vehicle manufacturers such as enhanced battery control. Owing to which the SiC semiconductors help preserve energy, substantially improving the range of electric vehicles. Fast recharging is also possible using SiC-based semiconductors. Every electric car now contains a large number of semiconductors. With its advantages of switching speed, heat loss, and small size, the SiC type semiconductors segment would witness increased demand in the future.
Furthermore, sandblasting injectors, automobile water pump seals, bearings, pump components, and extrusion dies are all examples of SiC applications that rely on the exceptional hardness, abrasion resistance, and corrosion resistance of silicon carbide.
Based on motor type, the global motor driver IC market is segmented into brushed DC motor, brushless DC motor, and stepper motor. The adoption of brushless DC (BLDC) motors is rapidly increasing in the marketplace and across a wide range of motion control applications owing to their distinct advantages over traditional brushed DC motors, such as lower maintenance, higher operating speeds, more compactness, lower electrical noise, and better torque-to-weight ratios. Despite these advantages, BLDC motors are more expensive than ordinary DC motors since they require a motor driving controller and a rotor position sensor. In industrial positioning and actuation applications, brushless motors are employed. Brushless stepper or servo motors are utilized in assembly robots to position parts for assembly or tools for industrial processes, such as welding or painting. Linear actuators can also be driven by brushless motors. However, new trends in BLDC motor drive design are addressing the cost barrier and allowing these drivers to perform more efficiently than regular DC motors. Another key development in BLDC motor drive technology is to combine the BLDC motor and drive electronics into a single package to simplify the system, eliminate connectivity cabling, and address motor-drive compatibility difficulties.
Based on application the global motor driver IC market is segmented into manufacturing, aerospace and defense, industrial automation, consumer electronics and home appliance, healthcare, and others. Manufacturing, oil & gas, energy & power, food & beverage, agriculture, and others are among the most common industries adopting the industrial automation. Industrial automation primarily relies on industrial AC drives and servo drives to meet increased expectations in terms of dynamic behavior and accuracy. The enormous demand for data in real-time, necessitating the use of a system with exceptional capabilities. Hence, these microprocessors at the heart of a high-performance motor control system can instantly calculate cascaded control tasks and detect current, position, and speed with pinpoint accuracy. Firms are offering an exclusive range of motor driver IC for industrial automation. For instance, motor control solutions from Infineon, such as our OptiMOSTM and CoolMOSTM MOSFETs, Power Control ICs, and EiceDRIVERTM Gate Driver, can help to improve the industrial automation applications.
The market players focus on new product innovations and developments by integrating advanced technologies and features to compete with the competitors. In November 2021, On Semi completed the acquisition of GT Advanced Technologies, a silicon carbide manufacturer (SiC). Onsemi's capacity to secure and grow SiC supply has improved as a result of the acquisition. Onsemi's commitment to make significant investments in disruptive, high-growth technologies to achieve differentiation and leadership, especially in the SiC ecosystem, is strengthened by the acquisition.
Based on semiconductors, the motor driver IC market is bifurcated into gallium nitrate (GaN) and silicon carbide (SiC). Based on motor type, the global motor driver IC market is segmented into brushed DC motor, brushless DC motor, and stepper motor. Based on application the global motor driver IC market is segmented into manufacturing, aerospace and defense, industrial automation, consumer electronics and home appliance, healthcare, and others. Based on region, the global motor driver IC market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.