Motor Control IC Market Growth, Trends and Forecast by 2031

MARKET INTRODUCTION

A motor control IC is that component which governs the performance of an electric motor and decides the direction of it to be driven. The motor control ICs have usually proven to be highly effective in the most demanding environments of the automotive sector. The parameters that are evaluated to judge the performance of a motor control IC include efficiency, accuracy, robustness, and reliability in rugged conditions. Some of the major applications of motor control IC for the motors include selecting and regulating the speeds, protection against overloads, regulating the direction of rotation of the motor, and limiting or regulating the torque generated.

MARKET DYNAMICS

The rising demands for motor control ICs by the automotive sector coupled with increasing safety regulations levied by the regulatory bodies for enhanced safety measures in the automotive sector is anticipated to be the major driver for the motor control IC market. Higher increasing complexities in the product manufacturing and lower profit margins would pose a challenge to the growth of the motor control IC market. The paradigm shift anticipated in the automotive industry within the coming years owing to various environmental and regulatory concerns would provide good opportunities to the players operating in the motor control IC market.

MARKET SCOPE

The “Global Motor Control IC Market Analysis to 2031” is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the motor control IC market with detailed market segmentation by type, application, and geography. The global motor control IC market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading motor control IC market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global motor control IC market is segmented on the basis of type and application. Based on type, the motor control IC market is segmented into 32-bit embedded power motor control ICs, intelligent motor control ICs, and digital motor control ICs. The motor control IC market on the basis of the application is classified into automotive, healthcare, building control, industrial automation, consumer electronics, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global motor control IC market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The motor control IC market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the motor control IC market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter’s Five Forces analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the motor control IC in these regions.

MARKET PLAYERS

The reports cover key developments in the motor control IC market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from motor control IC market are anticipated to lucrative growth opportunities in the future with the rising demand for motor control IC in the global market. Below mentioned is the list of few companies engaged in the motor control IC market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the motor control IC market. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last 3 years, the key development in the past five years.

• Allegro MicroSystems, LLC
• Elmos Semiconductor AG
• Infineon Technologies AG
• Maxim Integrated
• NOVA electronics, INC.
• NXP Semiconductors N.V.
• ON Semiconductor
• Renesas Electronics Corporation
• STMicroelectronics
• Toshiba Corporation

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Motor Control IC Report Scope