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Motor Driver Ics Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, South Korea, France, Canada, India, UK, Brazil - Size and Forecast 2025-2029

Motor Driver Ics Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, South Korea, France, Canada, India, UK, Brazil - Size and Forecast 2025-2029

Published: Dec 2024 224 Pages SKU: IRTNTR80490

Market Overview at a Glance

$1.81 B
Market Opportunity
6.6%
CAGR
6.4
YoY growth 2024-2025(%)

Motor Driver Ics Market Size 2025-2029

The motor driver ics market size is forecast to increase by USD 1.81 billion, at a CAGR of 6.6% between 2024 and 2029.

  • The market is experiencing significant growth, driven primarily by the increasing adoption of electric vehicles (EVs). This shift towards electrification presents a substantial opportunity for market participants, as the demand for efficient and powerful motor driver ICs to power EV motors continues to rise. Furthermore, companies are responding to this trend by introducing new products to cater to the evolving needs of the market. However, the market is not without challenges. Regulatory compliance and safety remain key concerns, as stringent regulations governing the automotive industry and the need for high safety standards necessitate the development of advanced motor driver ICs.
  • Ensuring these components meet the necessary safety requirements and regulatory guidelines is essential for market success. Additionally, the increasing complexity of motor driver ICs, driven by the integration of advanced features and the need for higher power density, poses a significant challenge for manufacturers. Navigating these challenges while capitalizing on the growth opportunities will require strategic planning and a focus on innovation.

What will be the Size of the Motor Driver Ics Market during the forecast period?

Motor Driver Ics Market Size

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.  
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The motor driver IC market continues to evolve, driven by the ever-growing demand for precise and efficient motion control in various sectors. Power mosfets, a key component in motor driver ICs, enable power efficiency and effective current control. Integrated circuits, such as encoder feedback and power supplies, ensure seamless communication and power management. Field-oriented control (FOC) and stepper motor applications dominate the market, with consumer electronics and industrial automation sectors driving growth. Position control and high-speed control are essential in consumer electronics, while precision motion and real-time control are crucial in industrial automation. Open-loop control and sensor integration have gained traction, enhancing motion control capabilities and enabling feedback control.

Power efficiency and thermal management are ongoing concerns, with heat sinks and advanced cooling solutions addressing these challenges. Safety standards, such as over-temperature protection and EMC compliance, are increasingly important. Gate drivers, current limiting, and torque control are other essential features, ensuring load capacity and optimal motor performance. Motion control applications span from home appliances to medical devices and servo motors, with DC motors and AC induction motors catering to diverse requirements. The market's continuous dynamism underscores the importance of ongoing research and innovation.

How is this Motor Driver Ics Industry segmented?

The motor driver ics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

  • Type
    • AC motor drive IC
    • DC motor drive IC
    • Stepper motor drive IC
    • Others
  • End-user
    • Automotive
    • Industrial automation
    • Consumer electronics
    • Healthcare
    • Others
  • Geography
    • North America
      • US
      • Canada
    • Europe
      • France
      • Germany
      • UK
    • APAC
      • China
      • India
      • Japan
      • South Korea
    • South America
      • Brazil
    • Rest of World (ROW)

    By Type Insights

    The ac motor drive ic segment is estimated to witness significant growth during the forecast period.

    AC motor drive Integrated Circuits (ICs) are essential components in managing the speed, direction, and torque of alternating current motors for diverse applications. These ICs come in single-phase and three-phase variants, catering to the extensive industrial and consumer market demands. By transforming fixed-frequency AC power into adjustable-frequency outputs, AC motor drive ICs facilitate precise motor control, thereby improving overall efficiency and performance. The growing preference for these ICs is fueled by their energy savings, cost-effectiveness, and compatibility with Industry 4.0 technologies. Single-phase AC motor drive ICs predominantly serve low-power applications, such as fans, pumps, and home appliances, due to their compact size, affordability, and ease of implementation.

    In the realm of consumer electronics, their utilization is increasingly common. Real-time control, encoder feedback, and safety standards are integral features of these ICs, ensuring smooth operation and enhancing system reliability. Power efficiency, EMC compliance, and power supplies are other essential considerations in their design. Field-oriented control (FOC), torque control, load capacity, and thermal management are advanced features that further expand their applications in industrial automation, motion control, and power conversion systems. Hall effect sensors, current sensing, and current limiting are additional features that ensure accurate motor control and protection against over-current conditions. AC motor drive ICs are also integral to the operation of servo motors, brushless DC motors, and stepper motors, enabling high-speed control, position control, and closed-loop control.

    In summary, AC motor drive ICs are indispensable in various industries, offering precise motor control, energy savings, and advanced features to meet the evolving demands of modern applications.

    Motor Driver Ics Market Size

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    The AC motor drive IC segment was valued at USD 1.57 billion in 2019 and showed a gradual increase during the forecast period.

    Regional Analysis

    APAC is estimated to contribute 50% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

    Motor Driver Ics Market Share by Geography

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    The market is experiencing significant growth, particularly in the Asia-Pacific (APAC) region. Driven by the automotive and electronics industries in countries like China, India, and Japan, this region is a major contributor to the market. China, in particular, is a global leader in automotive manufacturing, with annual sales and output projected to surpass 30 million units by 2025. This massive production capacity fuels demand for motor driver ICs, which are integral to various applications, including electric vehicles (EVs), advanced driver-assistance systems (ADAS), and power steering systems. In addition, the region's electronics manufacturing sector is thriving, further boosting demand for motor driver ICs in consumer electronics, industrial automation, and robotics.

    The market is also shaped by trends such as real-time control, precision motion, speed control, current sensing, encoder feedback, and power efficiency. Integrated circuits, power mosfets, and gate drivers are key components in motor driver ICs, ensuring compliance with safety standards, thermal management, and electromagnetic compatibility (EMC). Motor types, including servo motors, stepper motors, dc motors, and brushless dc motors, as well as ac induction motors, are all served by the market. Market players focus on innovations in field-oriented control (FOC), torque control, load capacity, and current limiting to meet the evolving needs of various industries.

    Market Dynamics

    Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

    The market encompasses a diverse range of semiconductor components essential for controlling and driving various types of motors in numerous applications. These integrated circuits (ICs) offer features such as adjustable speed, current limiting, and protection against overheating and overloading. Motor driver ICs are integral to industries like automotive, industrial automation, robotics, and consumer electronics, where motor control is crucial. Brushless DC (BLDC), stepper motors, and DC motors are commonly driven using motor driver ICs. Advanced motor driver ICs support communication interfaces like CAN, LIN, and PWM, enabling motor control in complex systems. Energy efficiency, miniaturization, and high power density are key trends shaping the market.

    What are the key market drivers leading to the rise in the adoption of Motor Driver Ics Industry?

    • The significant expansion of the electric vehicle (EV) market is primarily attributed to the robust growth of this technology, with EVs serving as the primary catalyst for market development. 

    • The market experiences significant growth due to the increasing adoption of electric vehicles (EVs). In 2023, electric car sales reached 14 million units, accounting for 18% of total car sales, marking a 35% year-on-year increase. China, Europe, and the United States accounted for 90% of these sales, with China leading the market at 60%, followed by Europe at 25%, and the United States at 10%. This regional distribution underscores the robust demand for EVs in these regions, driven by supportive government policies, advancements in battery technology, and growing consumer consciousness towards environmental sustainability.
    • Motor driver ICs are essential components in EVs, enabling precise speed control, current sensing, and position feedback through optical or magnetic encoders. Additionally, real-time control and over-temperature protection features are crucial for the reliable operation of servo motors in various applications, including home appliances and medical devices. The demand for motor driver ICs that comply with EMC regulations is also increasing to ensure electromagnetic compatibility and minimize electromagnetic interference.

    What are the market trends shaping the Motor Driver Ics Industry?

    • The introduction of new products by companies is a current market trend. This continuous innovation reflects the dynamic nature of various industries.

    • The market is experiencing notable growth due to the introduction of advanced products that prioritize power efficiency and integration capabilities. For instance, STMicroelectronics, a leading company based in Geneva, Switzerland, recently launched the EVLDRIVE101-HPD motor-drive reference design. This innovative product integrates the new STDRIVE101 3-phase gate driver IC and an STM32G0 microcontroller into a compact 50mm diameter board. The design offers high-performance motor control options, such as trapezoidal and field-oriented control, and features a 750W power stage. Notably, it boasts low power consumption in sleep mode, below 1µA, making it suitable for various applications, including home appliances, drones, robots, and industrial equipment.
    • The integration of encoder feedback and power supplies further enhances the design's position control and high-speed control capabilities. Overall, the market is driven by the demand for motor driver ICs that offer improved power efficiency, advanced control options, and compact designs.

    What challenges does the Motor Driver Ics Industry face during its growth?

    • Ensuring regulatory compliance and maintaining safety standards is a critical issue that significantly impacts the growth of the industry. This challenge necessitates a deep commitment from organizations to adhere to regulations and prioritize the well-being of their stakeholders. 

    • The market encounters substantial challenges in adhering to regulatory compliance and safety standards, notably in the automotive sector. Ensuring motor driver ICs adhere to stringent safety and reliability regulations is essential to prevent catastrophic consequences, such as loss of vehicle control or accidents. A critical standard in the automotive industry is ISO 26262, which emphasizes the functional safety of electrical and electronic systems in vehicles. Motor driver ICs utilized in electric vehicles must comply with this standard to guarantee reliable operation under all conditions. Compliance with this global standard necessitates rigorous testing and validation procedures to confirm the ICs can manage various operational scenarios without failure.
    • Over-voltage protection, sensor integration, feedback control, and current limiting are essential features for motor driver ICs to meet safety standards. Additionally, thermal management and torque control are crucial factors for load capacity management. In closed-loop control systems, resolver feedback is essential for precise motor control and positioning.

    Exclusive Customer Landscape

    The motor driver ics market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the motor driver ics market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

    Motor Driver Ics Market Share by Geography

     Customer Landscape

    Key Companies & Market Insights

    Companies are implementing various strategies, such as strategic alliances, motor driver ics market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

    Allegro MicroSystems Inc. - This company specializes in manufacturing motor driver ICs for various motor types, including brushless DC, brush DC, and stepper motors, enhancing efficiency and performance in motor applications.

    The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

    • Allegro MicroSystems Inc.
    • AMETEK Inc.
    • Analog Devices Inc.
    • Delta Electronics Inc.
    • Diodes Inc.
    • Infineon Technologies AG
    • Microchip Technology Inc.
    • Mitsubishi Electric Corp.
    • Monolithic Power Systems Inc.
    • NXP Semiconductors NV
    • ON Semiconductor Corp.
    • Panasonic Holdings Corp.
    • Power Integrations Inc.
    • Qualcomm Inc.
    • Renesas Electronics Corp.
    • ROHM Co. Ltd.
    • STMicroelectronics NV
    • Texas Instruments Inc.
    • Toshiba Corp.
    • Vishay Intertechnology Inc.

    Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

    Recent Development and News in Motor Driver Ics Market

    • In January 2024, Infineon Technologies AG, a leading provider of semiconductor solutions, announced the launch of its new 650V and 100V automotive motor driver ICs, expanding its portfolio for electric and hybrid vehicle applications (Infineon press release). These new offerings aim to address the increasing demand for efficient and reliable motor control solutions in the automotive sector.
    • In March 2024, Texas Instruments Inc. And NXP Semiconductors N.V. Announced their strategic collaboration to co-develop motor driver ICs for industrial applications, combining their expertise in power management and automotive semiconductors (TI press release). This partnership aims to deliver innovative motor control solutions for various industries, including renewable energy, transportation, and manufacturing.
    • In May 2024, ON Semiconductor Corporation announced the acquisition of Sensirion's power management business, including its motor driver IC product line, for approximately USD1.1 billion (ON Semiconductor press release). This acquisition significantly strengthens ON Semiconductor's power management portfolio, enabling the company to cater to a broader range of applications and industries.
    • In April 2025, STMicroelectronics N.V. Unveiled its new 1200V motor driver IC, featuring integrated gate drivers and gate protection, designed for industrial and renewable energy applications (STMicroelectronics press release). This technological advancement enables higher power density and improved efficiency, making it a significant development in the motor driver IC market.

    Research Analyst Overview

    • The motor driver IC market experiences dynamic activity, driven by stringent safety testing and supply chain management requirements. Industry standards, such as compliance certification and environmental testing, play a crucial role in shaping market trends. Firmware development and technical support are essential for ensuring product lifecycle management and maintaining a price-performance ratio that appeals to customers. Analog and digital control techniques continue to influence motor driver IC design, with emerging technologies in software development and simulation software pushing the boundaries of system integration and reliability testing. Customer support, sales, and distribution channels are critical components of marketing strategies, while intellectual property protection and quality assurance are key differentiators.
    • Product development relies on design tools, training, and education, with motor control algorithms and testing and validation playing a pivotal role. Failure analysis, data sheets, application notes, and technical documentation are indispensable resources for engineers and designers. Packaging technologies and price-performance ratio remain essential factors in the competitive landscape, as motor driver ICs continue to power various industrial, automotive, and consumer applications.

    Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Motor Driver Ics Market insights. See full methodology.

    Market Scope

    Report Coverage

    Details

    Page number

    224

    Base year

    2024

    Historic period

    2019-2023

    Forecast period

    2025-2029

    Growth momentum & CAGR

    Accelerate at a CAGR of 6.6%

    Market growth 2025-2029

    USD 1805.1 million

    Market structure

    Fragmented

    YoY growth 2024-2025(%)

    6.4

    Key countries

    US, China, Japan, Germany, South Korea, France, Canada, India, UK, and Brazil

    Competitive landscape

    Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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    What are the Key Data Covered in this Motor Driver Ics Market Research and Growth Report?

    • CAGR of the Motor Driver Ics industry during the forecast period
    • Detailed information on factors that will drive the growth and forecasting between 2025 and 2029
    • Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
    • Accurate predictions about upcoming growth and trends and changes in consumer behaviour
    • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
    • Thorough analysis of the market’s competitive landscape and detailed information about companies
    • Comprehensive analysis of factors that will challenge the motor driver ics market growth of industry companies

    We can help! Our analysts can customize this motor driver ics market research report to meet your requirements.

    Get in touch

     

    1 Executive Summary

    • 1.1 Market overview
      • Executive Summary - Chart on Market Overview
      • Executive Summary - Data Table on Market Overview
      • Executive Summary - Chart on Global Market Characteristics
      • Executive Summary - Chart on Market by Geography
      • Executive Summary - Chart on Market Segmentation by Type
      • Executive Summary - Chart on Market Segmentation by End-user
      • Executive Summary - Chart on Incremental Growth
      • Executive Summary - Data Table on Incremental Growth
      • Executive Summary - Chart on Company Market Positioning

    2 Technavio Analysis

    • 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • 2.2 Criticality of inputs and Factors of differentiation
      • Overview on criticality of inputs and factors of differentiation
    • 2.3 Factors of disruption
      • Overview on factors of disruption
    • 2.4 Impact of drivers and challenges
      • Impact of drivers and challenges in 2024 and 2029

    3 Market Landscape

    • 3.1 Market ecosystem
      • Parent Market
      • Data Table on - Parent Market
    • 3.2 Market characteristics
      • Market characteristics analysis
    • 3.3 Value chain analysis
      • Value chain analysis

    4 Market Sizing

    • 4.1 Market definition
      • Offerings of companies included in the market definition
    • 4.2 Market segment analysis
      • Market segments
    • 4.3 Market size 2024
      • 4.4 Market outlook: Forecast for 2024-2029
        • Chart on Global - Market size and forecast 2024-2029 ($ million)
        • Data Table on Global - Market size and forecast 2024-2029 ($ million)
        • Chart on Global Market: Year-over-year growth 2024-2029 (%)
        • Data Table on Global Market: Year-over-year growth 2024-2029 (%)

      5 Historic Market Size

      • 5.1 Global Motor Driver ICs Market 2019 - 2023
        • Historic Market Size - Data Table on Global Motor Driver ICs Market 2019 - 2023 ($ million)
      • 5.2 Type segment analysis 2019 - 2023
        • Historic Market Size - Type Segment 2019 - 2023 ($ million)
      • 5.3 End-user segment analysis 2019 - 2023
        • Historic Market Size - End-user Segment 2019 - 2023 ($ million)
      • 5.4 Geography segment analysis 2019 - 2023
        • Historic Market Size - Geography Segment 2019 - 2023 ($ million)
      • 5.5 Country segment analysis 2019 - 2023
        • Historic Market Size - Country Segment 2019 - 2023 ($ million)

      6 Qualitative Analysis

      • 6.1 Impact of AI in the global motor driver ICs market

        7 Five Forces Analysis

        • 7.1 Five forces summary
          • Five forces analysis - Comparison between 2024 and 2029
        • 7.2 Bargaining power of buyers
          • Bargaining power of buyers - Impact of key factors 2024 and 2029
        • 7.3 Bargaining power of suppliers
          • Bargaining power of suppliers - Impact of key factors in 2024 and 2029
        • 7.4 Threat of new entrants
          • Threat of new entrants - Impact of key factors in 2024 and 2029
        • 7.5 Threat of substitutes
          • Threat of substitutes - Impact of key factors in 2024 and 2029
        • 7.6 Threat of rivalry
          • Threat of rivalry - Impact of key factors in 2024 and 2029
        • 7.7 Market condition
          • Chart on Market condition - Five forces 2024 and 2029

        8 Market Segmentation by Type

        • 8.1 Market segments
          • Chart on Type - Market share 2024-2029 (%)
          • Data Table on Type - Market share 2024-2029 (%)
        • 8.2 Comparison by Type
          • Chart on Comparison by Type
          • Data Table on Comparison by Type
        • 8.3 AC motor drive IC - Market size and forecast 2024-2029
          • Chart on AC motor drive IC - Market size and forecast 2024-2029 ($ million)
          • Data Table on AC motor drive IC - Market size and forecast 2024-2029 ($ million)
          • Chart on AC motor drive IC - Year-over-year growth 2024-2029 (%)
          • Data Table on AC motor drive IC - Year-over-year growth 2024-2029 (%)
        • 8.4 DC motor drive IC - Market size and forecast 2024-2029
          • Chart on DC motor drive IC - Market size and forecast 2024-2029 ($ million)
          • Data Table on DC motor drive IC - Market size and forecast 2024-2029 ($ million)
          • Chart on DC motor drive IC - Year-over-year growth 2024-2029 (%)
          • Data Table on DC motor drive IC - Year-over-year growth 2024-2029 (%)
        • 8.5 Stepper motor drive IC - Market size and forecast 2024-2029
          • Chart on Stepper motor drive IC - Market size and forecast 2024-2029 ($ million)
          • Data Table on Stepper motor drive IC - Market size and forecast 2024-2029 ($ million)
          • Chart on Stepper motor drive IC - Year-over-year growth 2024-2029 (%)
          • Data Table on Stepper motor drive IC - Year-over-year growth 2024-2029 (%)
        • 8.6 Others - Market size and forecast 2024-2029
          • Chart on Others - Market size and forecast 2024-2029 ($ million)
          • Data Table on Others - Market size and forecast 2024-2029 ($ million)
          • Chart on Others - Year-over-year growth 2024-2029 (%)
          • Data Table on Others - Year-over-year growth 2024-2029 (%)
        • 8.7 Market opportunity by Type
          • Market opportunity by Type ($ million)
          • Data Table on Market opportunity by Type ($ million)

        9 Market Segmentation by End-user

        • 9.1 Market segments
          • Chart on End-user - Market share 2024-2029 (%)
          • Data Table on End-user - Market share 2024-2029 (%)
        • 9.2 Comparison by End-user
          • Chart on Comparison by End-user
          • Data Table on Comparison by End-user
        • 9.3 Automotive - Market size and forecast 2024-2029
          • Chart on Automotive - Market size and forecast 2024-2029 ($ million)
          • Data Table on Automotive - Market size and forecast 2024-2029 ($ million)
          • Chart on Automotive - Year-over-year growth 2024-2029 (%)
          • Data Table on Automotive - Year-over-year growth 2024-2029 (%)
        • 9.4 Industrial automation - Market size and forecast 2024-2029
          • Chart on Industrial automation - Market size and forecast 2024-2029 ($ million)
          • Data Table on Industrial automation - Market size and forecast 2024-2029 ($ million)
          • Chart on Industrial automation - Year-over-year growth 2024-2029 (%)
          • Data Table on Industrial automation - Year-over-year growth 2024-2029 (%)
        • 9.5 Consumer electronics - Market size and forecast 2024-2029
          • Chart on Consumer electronics - Market size and forecast 2024-2029 ($ million)
          • Data Table on Consumer electronics - Market size and forecast 2024-2029 ($ million)
          • Chart on Consumer electronics - Year-over-year growth 2024-2029 (%)
          • Data Table on Consumer electronics - Year-over-year growth 2024-2029 (%)
        • 9.6 Healthcare - Market size and forecast 2024-2029
          • Chart on Healthcare - Market size and forecast 2024-2029 ($ million)
          • Data Table on Healthcare - Market size and forecast 2024-2029 ($ million)
          • Chart on Healthcare - Year-over-year growth 2024-2029 (%)
          • Data Table on Healthcare - Year-over-year growth 2024-2029 (%)
        • 9.7 Others - Market size and forecast 2024-2029
          • Chart on Others - Market size and forecast 2024-2029 ($ million)
          • Data Table on Others - Market size and forecast 2024-2029 ($ million)
          • Chart on Others - Year-over-year growth 2024-2029 (%)
          • Data Table on Others - Year-over-year growth 2024-2029 (%)
        • 9.8 Market opportunity by End-user
          • Market opportunity by End-user ($ million)
          • Data Table on Market opportunity by End-user ($ million)

        10 Customer Landscape

        • 10.1 Customer landscape overview
          • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

        11 Geographic Landscape

        • 11.1 Geographic segmentation
          • Chart on Market share by geography 2024-2029 (%)
          • Data Table on Market share by geography 2024-2029 (%)
        • 11.2 Geographic comparison
          • Chart on Geographic comparison
          • Data Table on Geographic comparison
        • 11.3 APAC - Market size and forecast 2024-2029
          • Chart on APAC - Market size and forecast 2024-2029 ($ million)
          • Data Table on APAC - Market size and forecast 2024-2029 ($ million)
          • Chart on APAC - Year-over-year growth 2024-2029 (%)
          • Data Table on APAC - Year-over-year growth 2024-2029 (%)
        • 11.4 North America - Market size and forecast 2024-2029
          • Chart on North America - Market size and forecast 2024-2029 ($ million)
          • Data Table on North America - Market size and forecast 2024-2029 ($ million)
          • Chart on North America - Year-over-year growth 2024-2029 (%)
          • Data Table on North America - Year-over-year growth 2024-2029 (%)
        • 11.5 Europe - Market size and forecast 2024-2029
          • Chart on Europe - Market size and forecast 2024-2029 ($ million)
          • Data Table on Europe - Market size and forecast 2024-2029 ($ million)
          • Chart on Europe - Year-over-year growth 2024-2029 (%)
          • Data Table on Europe - Year-over-year growth 2024-2029 (%)
        • 11.6 Middle East and Africa - Market size and forecast 2024-2029
          • Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
          • Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
          • Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
          • Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
        • 11.7 South America - Market size and forecast 2024-2029
          • Chart on South America - Market size and forecast 2024-2029 ($ million)
          • Data Table on South America - Market size and forecast 2024-2029 ($ million)
          • Chart on South America - Year-over-year growth 2024-2029 (%)
          • Data Table on South America - Year-over-year growth 2024-2029 (%)
        • 11.8 US - Market size and forecast 2024-2029
          • Chart on US - Market size and forecast 2024-2029 ($ million)
          • Data Table on US - Market size and forecast 2024-2029 ($ million)
          • Chart on US - Year-over-year growth 2024-2029 (%)
          • Data Table on US - Year-over-year growth 2024-2029 (%)
        • 11.9 China - Market size and forecast 2024-2029
          • Chart on China - Market size and forecast 2024-2029 ($ million)
          • Data Table on China - Market size and forecast 2024-2029 ($ million)
          • Chart on China - Year-over-year growth 2024-2029 (%)
          • Data Table on China - Year-over-year growth 2024-2029 (%)
        • 11.10 Japan - Market size and forecast 2024-2029
          • Chart on Japan - Market size and forecast 2024-2029 ($ million)
          • Data Table on Japan - Market size and forecast 2024-2029 ($ million)
          • Chart on Japan - Year-over-year growth 2024-2029 (%)
          • Data Table on Japan - Year-over-year growth 2024-2029 (%)
        • 11.11 Germany - Market size and forecast 2024-2029
          • Chart on Germany - Market size and forecast 2024-2029 ($ million)
          • Data Table on Germany - Market size and forecast 2024-2029 ($ million)
          • Chart on Germany - Year-over-year growth 2024-2029 (%)
          • Data Table on Germany - Year-over-year growth 2024-2029 (%)
        • 11.12 South Korea - Market size and forecast 2024-2029
          • Chart on South Korea - Market size and forecast 2024-2029 ($ million)
          • Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
          • Chart on South Korea - Year-over-year growth 2024-2029 (%)
          • Data Table on South Korea - Year-over-year growth 2024-2029 (%)
        • 11.13 France - Market size and forecast 2024-2029
          • Chart on France - Market size and forecast 2024-2029 ($ million)
          • Data Table on France - Market size and forecast 2024-2029 ($ million)
          • Chart on France - Year-over-year growth 2024-2029 (%)
          • Data Table on France - Year-over-year growth 2024-2029 (%)
        • 11.14 Canada - Market size and forecast 2024-2029
          • Chart on Canada - Market size and forecast 2024-2029 ($ million)
          • Data Table on Canada - Market size and forecast 2024-2029 ($ million)
          • Chart on Canada - Year-over-year growth 2024-2029 (%)
          • Data Table on Canada - Year-over-year growth 2024-2029 (%)
        • 11.15 India - Market size and forecast 2024-2029
          • Chart on India - Market size and forecast 2024-2029 ($ million)
          • Data Table on India - Market size and forecast 2024-2029 ($ million)
          • Chart on India - Year-over-year growth 2024-2029 (%)
          • Data Table on India - Year-over-year growth 2024-2029 (%)
        • 11.16 UK - Market size and forecast 2024-2029
          • Chart on UK - Market size and forecast 2024-2029 ($ million)
          • Data Table on UK - Market size and forecast 2024-2029 ($ million)
          • Chart on UK - Year-over-year growth 2024-2029 (%)
          • Data Table on UK - Year-over-year growth 2024-2029 (%)
        • 11.17 Brazil - Market size and forecast 2024-2029
          • Chart on Brazil - Market size and forecast 2024-2029 ($ million)
          • Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
          • Chart on Brazil - Year-over-year growth 2024-2029 (%)
          • Data Table on Brazil - Year-over-year growth 2024-2029 (%)
        • 11.18 Market opportunity by geography
          • Market opportunity by geography ($ million)
          • Data Tables on Market opportunity by geography ($ million)

        12 Drivers, Challenges, and Opportunity/Restraints

        • 12.1 Market drivers
          • 12.2 Market challenges
            • 12.3 Impact of drivers and challenges
              • Impact of drivers and challenges in 2024 and 2029
            • 12.4 Market opportunities/restraints

              13 Competitive Landscape

              • 13.1 Overview
                • 13.2 Competitive Landscape
                  • Overview on criticality of inputs and factors of differentiation
                • 13.3 Landscape disruption
                  • Overview on factors of disruption
                • 13.4 Industry risks
                  • Impact of key risks on business

                14 Competitive Analysis

                • 14.1 Companies profiled
                  • Companies covered
                • 14.2 Company ranking index
                  • Company ranking index
                • 14.3 Market positioning of companies
                  • Matrix on companies position and classification
                • 14.4 Allegro MicroSystems Inc.
                  • Allegro MicroSystems Inc. - Overview
                  • Allegro MicroSystems Inc. - Product / Service
                  • Allegro MicroSystems Inc. - Key offerings
                  • SWOT
                • 14.5 Analog Devices Inc.
                  • Analog Devices Inc. - Overview
                  • Analog Devices Inc. - Business segments
                  • Analog Devices Inc. - Key news
                  • Analog Devices Inc. - Key offerings
                  • Analog Devices Inc. - Segment focus
                  • SWOT
                • 14.6 Diodes Inc.
                  • Diodes Inc. - Overview
                  • Diodes Inc. - Product / Service
                  • Diodes Inc. - Key news
                  • Diodes Inc. - Key offerings
                  • SWOT
                • 14.7 Infineon Technologies AG
                  • Infineon Technologies AG - Overview
                  • Infineon Technologies AG - Business segments
                  • Infineon Technologies AG - Key news
                  • Infineon Technologies AG - Key offerings
                  • Infineon Technologies AG - Segment focus
                  • SWOT
                • 14.8 Microchip Technology Inc.
                  • Microchip Technology Inc. - Overview
                  • Microchip Technology Inc. - Business segments
                  • Microchip Technology Inc. - Key news
                  • Microchip Technology Inc. - Key offerings
                  • Microchip Technology Inc. - Segment focus
                  • SWOT
                • 14.9 Monolithic Power Systems Inc.
                  • Monolithic Power Systems Inc. - Overview
                  • Monolithic Power Systems Inc. - Product / Service
                  • Monolithic Power Systems Inc. - Key offerings
                  • SWOT
                • 14.10 NXP Semiconductors NV
                  • NXP Semiconductors NV - Overview
                  • NXP Semiconductors NV - Product / Service
                  • NXP Semiconductors NV - Key news
                  • NXP Semiconductors NV - Key offerings
                  • SWOT
                • 14.11 ON Semiconductor Corp.
                  • ON Semiconductor Corp. - Overview
                  • ON Semiconductor Corp. - Business segments
                  • ON Semiconductor Corp. - Key news
                  • ON Semiconductor Corp. - Key offerings
                  • ON Semiconductor Corp. - Segment focus
                  • SWOT
                • 14.12 Power Integrations Inc.
                  • Power Integrations Inc. - Overview
                  • Power Integrations Inc. - Product / Service
                  • Power Integrations Inc. - Key offerings
                  • SWOT
                • 14.13 Renesas Electronics Corp.
                  • Renesas Electronics Corp. - Overview
                  • Renesas Electronics Corp. - Business segments
                  • Renesas Electronics Corp. - Key news
                  • Renesas Electronics Corp. - Key offerings
                  • Renesas Electronics Corp. - Segment focus
                  • SWOT
                • 14.14 ROHM Co. Ltd.
                  • ROHM Co. Ltd. - Overview
                  • ROHM Co. Ltd. - Business segments
                  • ROHM Co. Ltd. - Key news
                  • ROHM Co. Ltd. - Key offerings
                  • ROHM Co. Ltd. - Segment focus
                  • SWOT
                • 14.15 STMicroelectronics NV
                  • STMicroelectronics NV - Overview
                  • STMicroelectronics NV - Business segments
                  • STMicroelectronics NV - Key news
                  • STMicroelectronics NV - Key offerings
                  • STMicroelectronics NV - Segment focus
                  • SWOT
                • 14.16 Texas Instruments Inc.
                  • Texas Instruments Inc. - Overview
                  • Texas Instruments Inc. - Business segments
                  • Texas Instruments Inc. - Key offerings
                  • Texas Instruments Inc. - Segment focus
                  • SWOT
                • 14.17 Toshiba Corp.
                  • Toshiba Corp. - Overview
                  • Toshiba Corp. - Business segments
                  • Toshiba Corp. - Key news
                  • Toshiba Corp. - Key offerings
                  • Toshiba Corp. - Segment focus
                  • SWOT
                • 14.18 Vishay Intertechnology Inc.
                  • Vishay Intertechnology Inc. - Overview
                  • Vishay Intertechnology Inc. - Business segments
                  • Vishay Intertechnology Inc. - Key news
                  • Vishay Intertechnology Inc. - Key offerings
                  • Vishay Intertechnology Inc. - Segment focus
                  • SWOT

                15 Appendix

                • 15.1 Scope of the report
                  • 15.2 Inclusions and exclusions checklist
                    • Inclusions checklist
                    • Exclusions checklist
                  • 15.3 Currency conversion rates for US$
                    • Currency conversion rates for US$
                  • 15.4 Research methodology
                    • Research methodology
                  • 15.5 Data procurement
                    • Information sources
                  • 15.6 Data validation
                    • Data validation
                  • 15.7 Validation techniques employed for market sizing
                    • Validation techniques employed for market sizing
                  • 15.8 Data synthesis
                    • Data synthesis
                  • 15.9 360 degree market analysis
                    • 360 degree market analysis
                  • 15.10 List of abbreviations
                    • List of abbreviations

                  Research Methodology

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  INFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases

                  DATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts

                  REPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape

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                  Frequently Asked Questions

                  Motor Driver Ics market growth will increase by $ 1805.1 mn during 2025-2029.

                  The Motor Driver Ics market is expected to grow at a CAGR of 6.6% during 2025-2029.

                  Motor Driver Ics market is segmented by Type( AC motor drive IC, DC motor drive IC, Stepper motor drive IC, Others) End-user( Automotive, Industrial automation, Consumer electronics, Healthcare, Others)

                  Allegro MicroSystems Inc., AMETEK Inc., Analog Devices Inc., Delta Electronics Inc., Diodes Inc., Infineon Technologies AG, Microchip Technology Inc., Mitsubishi Electric Corp., Monolithic Power Systems Inc., NXP Semiconductors NV, ON Semiconductor Corp., Panasonic Holdings Corp., Power Integrations Inc., Qualcomm Inc., Renesas Electronics Corp., ROHM Co. Ltd., STMicroelectronics NV, Texas Instruments Inc., Toshiba Corp., Vishay Intertechnology Inc. are a few of the key vendors in the Motor Driver Ics market.

                  APAC will register the highest growth rate of 50% among the other regions. Therefore, the Motor Driver Ics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

                  US, China, Japan, Germany, South Korea, France, Canada, India, UK, Brazil

                  • Growth of electric vehicles (EVs)The global motor driver ICs market is significantly driven by the rapid growth of EVs. In 2023 is the driving factor this market.
                  • global sales of electric cars approached 14 million units is the driving factor this market.
                  • accounting for 18% of all cars sold is the driving factor this market.
                  • up from 14% in 2022. This represents a substantial year-on-year increase of 35% is the driving factor this market.
                  • with 3.5 million more electric cars sold in 2023 compared to the previous year. The majority of these sales were concentrated in three key regions: China is the driving factor this market.
                  • Europe is the driving factor this market.
                  • and the United States. China led the market is the driving factor this market.
                  • contributing 60% of global electric car sales is the driving factor this market.
                  • followed by Europe with 25% is the driving factor this market.
                  • and the United States with 10%. This regional distribution highlights the strong demand for EVs in these markets is the driving factor this market.
                  • driven by supportive government policies is the driving factor this market.
                  • advancements in battery technology is the driving factor this market.
                  • and increasing consumer awareness of environmental sustainability. The surge in EV sales is a major driver for the global motor driver ICs market is the driving factor this market.
                  • as these vehicles rely heavily on advanced motor control systems to manage their electric propulsion systems. Motor driver ICs are crucial for controlling the speed is the driving factor this market.
                  • torque is the driving factor this market.
                  • and direction of electric motors is the driving factor this market.
                  • ensuring efficient and reliable vehicle performance. The growing adoption of EVs necessitates the development of high-performance motor driver ICs that can meet the stringent requirements of modern electric powertrains. Furthermore is the driving factor this market.
                  • the increasing focus on reducing carbon emissions and transitioning to sustainable transportation solutions is accelerating the shift towards electric vehicles. Governments and regulatory bodies worldwide are implementing policies and incentives to promote EV adoption is the driving factor this market.
                  • further boosting the demand for motor driver ICs. As the EV sector continues to expand is the driving factor this market.
                  • the need for innovative motor control solutions will drive the growth of the global motor driver ICs market. In summary is the driving factor this market.
                  • the rapid growth of electric vehicles is a key driver for the global motor driver ICs market is the driving factor this market.
                  • with significant contributions from major regions such as China is the driving factor this market.
                  • Europe is the driving factor this market.
                  • and the United States. The ongoing advancements in EV technology and supportive regulatory frameworks are expected to sustain this growth trajectory is the driving factor this market.
                  • underscoring the critical role of motor driver ICs in the future of electric mobility. is the driving factor this market.

                  The Motor Driver Ics market vendors should focus on grabbing business opportunities from the AC motor drive IC segment as it accounted for the largest market share in the base year.