Motor Control IC Market

Motor Control IC Market Overview

The report is titled as ‘Motor Control IC Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the Motor Control IC market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. E-commerce software and platform market is expected to grow with significant rate in the near future.

In 2020, global motor control IC market was valued at US$ XXX Mn and expected to grow significantly at a CAGR of XXX % over the forecast period

Motor Control IC Introduction

A motor driver IC can be comprehended as an integrated circuit chip which is generally employed to regulate motors in autonomous robots. Motor driver ICs hold the role of an interface between microprocessors in robots and the motors in the robot. Motor Driver ICs are in the first place employed in autonomous robotics only. Also, the majority of the microprocessors function at low voltages and need a lesser amount of current to function whilst the motors need a comparatively higher current and voltages. And therefore, current cannot be provided to the motors from the microprocessor. This is the fundamental necessity for the motor driver IC. Together with the abundance of innovation on the purview for autonomous robots and self-driving cars, demand for motor driver IC is estimated to remain strong going forward.

The technological advancements in the consumer electronics industry as well as automotive industry at a rapid pace is projected to majorly boost the growth of the global motor control IC market in the following years

Motor Control IC Market Segmentation

The global motor control IC market is segmented on the basis of type, application, industry, and region.

By Type

Brushed DC Motor Control IC

Brushless DC Motor Control IC

Stepper Motor Control IC

By Application

Industrial Automated Systems

Robotics

Industrial Robots

Surgical Robot

Consumer Robots & Cleaning Robots

Others

Home And Building Automation

Power Tools Battery Management

Electric Toys

Drones

Others

By Industry

Automotive

Building Control

Industrial Automation

Consumer Electronics

Healthcare

Others

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

Motor Control IC Market Key Players

Some of the key participating players in global Motor Control IC market are:

Rockwell Automation

Infineon Technologies AG

Schneider Electric SE

General Electric Company

Siemens AG

Maxim Integrated

ON Semiconductor

Toshiba Corporation

NXP Semiconductors

STMicroelectronics

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

New product designs and launches

Current product compliance

Reimbursement

Concerns for use of Motor Control IC

Advantages of Motor Control IC

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.

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