The motor control integrated circuits market is anticipated to increase from US$ 5.2 billion in 2023 to US$ 8.7 billion by 2033. From 2023 to 2033, demand for motor control IC is expected to increase at a CAGR of 5.3%.
In recent years, motor control ICs have increasingly found use in the automobile sector. This is brought on by increased demand for connected and autonomous vehicles as well as automation in the automobile industry.
The market is also anticipated to increase over the next few years as a result of rising IoT technology adoption and rising investments in the deployment of disruptive IC technologies in the semiconductor and telecom industries.
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The demand for motor control integrated circuits is also quite significant in other sectors including consumer electronics and aerospace & military. The substantial advancements in the semiconductor industry concerning AI applications, device topology, chip efficiency, and manufacturing costs are the cause of the rising demand from these sectors.
The use of motor control ICs is growing owing to the acceptance of IoT technologies and investments in the deployment of new technologies. These elements are accelerating market expansion.
The global motor control IC market is dominated by North America. Applications across a variety of industries, the expanding automobile industry, rising consumer electronics demand, and the expanding manufacturing industry are all credited with this expansion. The market for motor control IC devices is anticipated to rise as a result of these causes.
Key Takeaways
- The United States is expected to develop at 4.4% CAGR during the forecast period.
- The market in Canada is anticipated to rise, exhibiting a CAGR of 5.8% through 2033.
- With a CAGR of 4.6% over the forecast period, Japan is predicted to develop rapidly in the market.
- The market in China is expected to proliferate, registering a CAGR of 5.9% over the forecast period.
- Germany is estimated to grow decently registering a CAGR of 6.0% until 2033.
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Competitive Landscape
Key players operating in the 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, and others.
Smart devices are becoming more popular among players in developed nations. Leading companies are emphasizing product innovation and providing motor control ICs for both industrial and commercial applications. These elements are promoting market expansion.
Recent Developments
- In January 2023, Infineon Technologies AG and Green Hills Software jointly announced that a full ecosystem for the creation and implementation of advanced safety applications for the automobile sector will be made available. Infineon’s cutting-edge TRAVEOTM T2G Body and TRAVEOTM T2G Cluster microcontrollers (MCUs) are combined in this partnership with Green Hills’ complete, production-tested software solutions.
- In August 2022, “TB67S549FTG,” a new stepping motor driver IC, was introduced by Toshiba Electronic Devices & Storage Corporation. It is an integrated circuit (IC) that drives stepping motors that are placed in a compact package and has an internal constant-current control system that eliminates the need for additional circuitry. The new driver is suitable for industrial equipment such as office automation and financial equipment and helps circuit boards on computer systems to save space.
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Motor Control IC Market Survey By Category
By Type:
- Brushed DC Motor Control IC
- Brushless DC Motor Control IC
- Stepper Motor Control IC
By Industry:
- Automotive
- Building Control
- Industrial Automation
- Consumer Electronics
- Healthcare
- Others
Region:
- North America
- Latin America
- Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East and Africa
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