It is anticipated that the motor control IC market would expand from US$4,932.4 Mn in 2022 to US$6,344.2 Mn by 2027. It is expected that from 2022 to 2027, demand for motor control IC would increase at a CAGR of 5.2 percent.
|2022 Market Value||US$ 4,932.4 Mn|
|2027 Market Value||US$ 6,344.2 Mn|
|Share of Top 5 Market Players||~55%|
The research named “Motor Control IC Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027” was just released by Future Market Insights (FMI). An electric motor’s performance is governed in a particular way by a chip or combination of devices known as the motor control integrated circuit (IC). The DC motor for folding and mirror adjustment, as well as the heater and LEDs, are all controlled by the motor control IC. An automatic or manual method of starting and stopping the electric motor is included in a motor control IC.
The motor control IC is further divided into digital motor control ICs, intelligent motor control ICs, and 32-bit embedded power motor control ICs. In addition to being employed as intelligent motor/actuator controllers for industrial applications, motor control ICs are also used in the automotive and medical industries. Typically, power supplies and control circuitry are coupled to motor control ICs via digital and analog input signals.
During the projected period, the worldwide motor control IC market is anticipated to expand at a CAGR of 5.0 percent. Because more motor control ICs are being used to make medical equipment, the market for these chips, which was valued at US $ 3,905.0 Mn in 2017, is expected to increase rapidly to reach the US $ 6,344.2 Mn by 2027.
The global motor control IC market has been divided by type, industry, and geography in this FMI report. The motor control IC market is further divided into three types: stepper motors, brushless DC motors, and brushed DC motors. By the end of 2018, the brushed DC motor subsegment of the worldwide motor control IC market is anticipated to hold a 52.6 percent market share. Additionally, the brushless DC motor sub-segment is anticipated to grow in size at a CAGR of 6.0 percent in the motor control IC market between 2018 and 2027, with a potential incremental opportunity of US $ 617.7 Mn.
The automotive, building control, industrial automation, consumer electronics, healthcare, and other industries make up the global motor control IC market. The industrial automation industry expects the motor control IC market to expand in value at a CAGR of 6.3 percent over the course of the forecast year. In addition, one of the key reasons propelling the market is the rising demand for motor control ICs in the inoverdustrial automation industry. Additionally, it is anticipated that between 2018 and 2027, the market for motor control integrated circuits would experience an increase in the potential of $ 644.9 Mn due to industrial automation.
Additionally, the report offers insights and analysis about the market’s growth potential in various regions, including Japan, APEJ (China, India, Malaysia, Australia, Singapore & the rest of APEJ), MEA, North America (U.S. & Canada), and Europe (Germany, Italy, France, Spain, U.K. & the rest of Europe). The report also covers the trends influencing all the segments (GCC Countries, Israel, South Africa & the rest of MEA). Over the forecast period, Europe is anticipated to contribute more revenue at a CAGR of 6.2 percent. The use of motor control ICs in this area is being fueled by technological developments and ongoing improvements in the motor control IC market.
The FMI report predicts that tactics including product developments, quality enhancements, and others will boost revenue, allowing motor control IC providers to potentially tap into new growth areas. One of the leading suppliers of motor control integrated circuits is Infineon Technologies AG, and it provides these chips for use in a variety of commercial and industrial applications. According to an FMI study, Infineon Technologies AG is upgrading its current products to increase customer satisfaction and grow its client base. Rockwell Automation, General Electric, ON Semiconductor, Siemens AG, Toshiba Corporation, ABB Ltd., Schneider Electric SE, Maxim Integrated, and NXP Semiconductors are a few of the companies included in the study on the worldwide motor control IC market.
Motor Control IC Market Survey By Category
- Brushed DC Motor Control IC
- Brushless DC Motor Control IC
- Stepper Motor Control IC
- Building Control
- Industrial Automation
- Consumer Electronics
- North America
- Latin America
- Asia Pacific Excluding Japan
- the Middle East and Africa