Hi, what are you looking for?
The Insight Partners published the latest research study on “Motor Driver IC Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Motor Type, Semiconductor, and Application”. The motor driver IC market is expected to grow from US$ 3,882.57 million in 2021 to US$ 5,589.33 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
According to a survey by Care Ratings, consumer electronics and appliances manufacturers are planning to raise production by 5% to 8% in FY2022, following a drop in demand in the current fiscal. Production is predicted to climb between 5% and 8% in FY2022. The rise in demand for consumer electronics is projected to be aided by the rise in work-from-home culture. Moreover, based on increased rural earnings and government programs related to rural electrification, there is a surge in demand for consumer electronics in rural areas. Due to the growing production of consumer electronics, the demand for their basic components and devices such as motor driver ICs will also increase, resulting in market expansion.
Get a Sample Copy of this Report at https://www.theinsightpartners.com/sample/TIPRE00019788/
Industry 4.0 is the most recent industrial revolution, introducing automation, big data, and artificial intelligence to plants and factories worldwide. The internet of things, or IoT, is one of the foundations of Industry 4.0. The industrial internet of things (IIoT) uses networked sensors and intelligent devices to collect data for artificial intelligence and predictive analytics on the production floor. The Internet of Things (IoT) has changed the way most industrial processes are carried out, including how items are created and distributed, how data is collected from areas that are too dangerous for human operators, and how product quality is maintained. Similarly, the IIoT has been a driving factor behind improved agricultural productivity at lower costs in the face of an ever-increasing population. According to several studies, the adoption of smart solutions driven by IoT in farm operations will expand in the near future. Studies claim that the agriculture business will witness a 20% compound annual growth rate in IoT device installation, with the number of connected devices (agricultural) reaching 225 million by 2024. As a result, the expanding influence of IoT across sectors bodes well for motor driver IC manufacturers, resulting in an increased customer base.
The motor drive IC market has been analyzed on the basis of type, semiconductor, application, and geography. Based on motor type, the global motor driver IC market is segmented into brushed DC motor, brushless DC motor, and stepper motor. Based on semiconductors, the motor driver IC market is bifurcated into gallium nitrate (GaN) and silicon carbide (SiC). Based on application the global motor driver IC market is segmented into manufacturing, aerospace and defense, industrial automation, consumer electronics and home appliance, healthcare, and others. Based on region, the global motor driver IC market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Inquire before Buying – https://www.theinsightpartners.com/inquiry/TIPRE00019788/
Based on motor type, the global motor driver IC market is segmented into brushed DC motor, brushless DC motor, and stepper motor. The adoption of brushless DC (BLDC) motors is rapidly increasing in the marketplace and across a wide range of motion control applications owing to their distinct advantages over traditional brushed DC motors, such as lower maintenance, higher operating speeds, more compactness, lower electrical noise, and better torque-to-weight ratios. Despite these advantages, BLDC motors are more expensive than ordinary DC motors since they require a motor driving controller and a rotor position sensor. In industrial positioning and actuation applications, brushless motors are employed. Brushless stepper or servo motors are utilized in assembly robots to position parts for assembly or tools for industrial processes, such as welding or painting. Linear actuators can also be driven by brushless motors. However, new trends in BLDC motor drive design are addressing the cost barrier and allowing these drivers to perform more efficiently than regular DC motors. Another key development in BLDC motor drive technology is to combine the BLDC motor and drive electronics into a single package to simplify the system, eliminate connectivity cabling, and address motor-drive compatibility difficulties.
Based on application the global motor driver IC market is segmented into manufacturing, aerospace and defense, industrial automation, consumer electronics and home appliance, healthcare, and others. Manufacturing, oil & gas, energy & power, food & beverage, agriculture, and others are among the most common industries adopting industrial automation. Industrial automation primarily relies on industrial AC drives and servo drives to meet increased expectations in terms of dynamic behavior and accuracy. The enormous demand for data in real-time necessitates the use of a system with exceptional capabilities. Hence, these microprocessors at the heart of a high-performance motor control system can instantly calculate cascaded control tasks and detect current, position, and speed with pinpoint accuracy. Firms are offering an exclusive range of motor driver IC for industrial automation. For instance, motor control solutions from Infineon, such as our OptiMOSTM and CoolMOSTM MOSFETs, Power Control ICs, and EiceDRIVERTM Gate Driver, can help to improve the industrial automation applications.
The List of Companies – Motor Driver IC Market
Toshiba Corporation; Mitsubishi Electric Corporation; Texas Instrument; Allegro Microsystems; Dialog Semiconductor Plc; STMicroelectronics; ON Semiconductor; Rohm Co., Ltd.; Infineon Technologies AG; and Analog Devices, Inc. are a few major companies operating in the motor driver IC market.
Purchase a copy of the report @ https://www.theinsightpartners.com/buy/TIPRE00019788/
Based on semiconductors, the motor driver IC market is bifurcated into gallium nitrate (GaN) and silicon carbide (SiC). Silicon carbide (SiC) semiconductors are more effective than ordinary semiconductors in a number of key applications. As a result, the new technology is of special interest to electric vehicle manufacturers such as enhanced battery control. Owing to which the SiC semiconductors help preserve energy, substantially improving the range of electric vehicles. Fast recharging is also possible using SiC-based semiconductors. Every electric car now contains a large number of semiconductors. With its advantages of switching speed, heat loss, and small size, the SiC type semiconductors segment would witness increased demand in the future.
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please
The charred remains of a husband and wife north of Kyiv are pretty unambiguous testimony to Russian presence.
Ukrainian helicopters have carried out a strike on a fuel storage facility in Russia's western town of Belgorod.
Ukrainian helicopters have carried out a strike on a fuel storage facility in Russia's western town of Belgorod.
The number of Ukrainian refugees fleeing Russia's war in their country has crossed 4.1 million, the United Nations said Friday.
COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.