Lucintel’s latest market report analyzed that motor driver IC provides attractive opportunities in the consumer electronic, electric tool, office supply, IT & communication equipment, industry & automotive industries. The motor driver IC market is expected to reach $6.0 billion by 2028 with a CAGR of 6%. In this market, brushless motor driver IC is the largest segment by product type, whereas consumer electronic is largest by end use industry.
Based on product type, the motor driver IC market is segmented into brushless motor driver IC, brush motor driver IC, and stepper motor driver IC. The brushless motor driver IC segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the significant need for quiet motor operation and energy-saving devices.
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The Motor Driver IC Market is marked by the presence of several big and small players. Some of the prominent players offering motor driver IC include ABB, Allegro MicroSystems, Infineon Technologies, NXP Semiconductors, and Microchip Technology.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. 972.636.5056
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