Analyst Viewpoint:
Motor Driver ICs Market size is expected to be boosted by the rise in the adoption of electric and hybrid vehicles in the upcoming years. These ICs are crucial in controlling the electric motors that power these vehicles, and manufacturers are now offering advanced products with a wide voltage range and current ratings. The Asia Pacific region is the most attractive market for motor driver ICs, as it is home to some of the world's largest automotive producers. The demand for automation across various industries is push the market for motor driver ICs. These ICs are used in manufacturing equipment like assembly lines, conveyor belts, and robotic arms, as well as in home appliances such as washing machines and refrigerators.
Market Overview:
According to MVI, the motor driver ICs market size was valued at more than USD 3.9 Billion in 2022 and is projected to exhibit a CAGR of over 6.3% during the forecast period of 2023 - 2032. By the end of the forecast period, the market is predicted to reach a valuation of around USD 7.3 Billion.
Motor driver ICs is integrated circuits that are specifically designed to control the motion and speed of electric motors. They are commonly used in a wide range of applications, including robotics, automotive, consumer electronics, and industrial automation. Motor driver ICs is act as a bridge between the microcontroller and the motor. The IC receives signals from the microcontroller and translates them into the appropriate voltage and current levels to drive the motor. This allows the microcontroller to control the speed, direction, and acceleration of the motor, and also provides protection against overcurrent, overvoltage, and short circuits.
Motor driver ICs can be classified into several types based on their topology, including H-bridge, half-bridge, and full-bridge configurations. H-bridge motor drivers are the most commonly used type and are capable of driving a motor in both forward and reverse directions. Half-bridge motor drivers are similar to H-bridge drivers but are only capable of driving the motor in one direction. Full-bridge motor drivers are capable of driving a motor with higher efficiency than H-bridge drivers but are also more complex to implement.
Covid-19 Pandemic Impact on Motor Driver ICs Market Outlook
COVID-19 has increased human suffering, weakened the economy, upended the lives of billions of people worldwide, and had a significant impact on the health, economic, environmental, and social domains. According to the World Health Organization (WHO), COVID-19 had infected over 82 million people and killed over 1.8 million as of December 31, 2020. The COVID-19 pandemic has had a mixed impact on the motor driver ICs market. On one hand, the rise in demand for automation across various industries due to the pandemic has increased the demand for motor driver ICs used in manufacturing equipment. This has led to a steady growth in the market for these ICs.
However, on the other hand, the pandemic has resulted in disruptions in global supply chains, which have affected the production and distribution of motor driver ICs. This has led to some manufacturers experiencing delays in delivering their products, while others have struggled to meet the demand due to supply chain issues. Additionally, the economic impact of the pandemic has caused some companies to reduce their spending on automation equipment, including motor driver ICs.
Therefore, the impact of COVID-19 on the motor driver ICs market has been mixed, with some positive effects due to the rise in demand for automation, but also negative effects due to supply chain disruptions and reduced spending by some companies.
Growing demand of motor driver ICs for industrial automation
The demand for motor driver ICs in industrial automation has been growing steadily over the past few years, and this trend is expected to continue in the future. The primary reason for this growth is the increasing adoption of automation in various industries, such as manufacturing, automotive, and healthcare, among others. Industrial automation requires precise and efficient control of electric motors, which is achieved through the use of motor driver ICs. These ICs are capable of providing high-performance motor control, which is critical for the efficient operation of automated machinery and equipment. It is anticipated that these factors will lead to an increase the demand for motor driver ICs in the global market during the forecast timeframe.
Another factor driving the demand for motor driver ICs in industrial automation is the increasing use of robotics in manufacturing and other industries. Robots require precise and efficient motor control to perform their tasks accurately, which is achieved through the use of high-performance motor driver ICs. Moreover, the increasing focus on energy efficiency and sustainability in industrial automation has also contributed to the demand for motor driver ICs. These ICs are designed to provide efficient motor control, which helps reduce energy consumption and operating costs. Thus, the rising demand for motor driver ICs in industrial automation is driven by the need for precise, efficient, and reliable motor control, which is essential for the successful implementation of automation in various industries.
Regional Overview:
Asia Pacific region accounted for more than 37% share of the global motor driver ICs market in 2022, due to various factors, including the growing adoption of industrial automation across the region and growing requirement of motor driver ICs in consumer electronics application. Furthermore, the Asia Pacific region has a large consumer electronics market, which has led to an increase in demand for motor driver ICs for applications such as fans, pumps, and air conditioners. Many governments in the Asia Pacific region are promoting the adoption of automation and energy-efficient technologies, which has led to an increase in demand for motor driver ICs.
Key Development:
- In August 2022, Toshiba Corporation has announced the release of "TB67S549FTG," a stepping motor driver IC housed in a small package with built-in constant-current control. The new driver contributes to circuit board space savings and is appropriate for industrial equipment such as office automation and financial equipment.
- In November 2020, Allegro MicroSystems has unveiled the industry's most comprehensive portfolio of 80V motor drivers ICs "AMT49100 and AMT49101" for advanced 48V automotive systems. Allegro's new gate drivers are suitable for a wide range of load configurations, including half-bridges with independent high- and low-side outputs and three-phase brushless DC control. They can handle loads of up to 10 kW and are suitable for electric power steering, catalytic heaters, and braking applications.
Top players in the global motor driver ICs market:
- Microchip Technology Inc.
- Allegro MicroSystems, Inc.
- Infineon Technologies AG
- Maxim Integrated
- Rockwell Automation, Inc.
- NXP Semiconductors
- Panasonic Corporation
- Texas Instruments Inc.
- Toshiba Corporation
- Power Integrations
In-depth analysis of motor driver ICs market along with industry coverage and forecasting for the following segments:
Market Value, By Motor Type
- Stepper Motor
- Brushed DC Motor
- Brushless DC Motor
Market Value, By Voltage Range
- Up to 24 V
- 25 V– 48 V
- 49 V-240 V
- Above 240 V
Market Value, By Industry Vertical
- Industrial
- Automotive
- Consumer Electronics
- Healthcare
- Others
Market Value, By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America