Global motor driver IC Market is set to witness significant growth over the next decade, as a result of increasing automation and digitalization in the semiconductor industry. Motor driver IC is primarily used in autonomous robots, where it acts as an interface between microprocessors and motors to supply current.
The market study analyzes each market player encompassed in the Motor Driver IC market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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Global motor driver IC Market is set to witness significant growth over the next decade, as a result of increasing automation and digitalization in the semiconductor industry. Motor driver IC is primarily used in autonomous robots, where it acts as an interface between microprocessors and motors to supply current. With a wealth of innovation on the horizon for self-driving cars and autonomous robots, demand for motor driver IC is expected to remain strong going forward.
The motor driver IC market is primarily gaining a boost from technological advancements in consumer electronics, automotive industry, aerospace & defense, and industrial automation. Increasing adoption of IoT technology and growing investments in implementation of disruptive technologies in telecom and semiconductor industries will continue to drive demand for motor driver ICs. According to a new Fact.MR study, the motor driver IC market is set to record impressive CAGR of 6.2% over the forecast period (2020-2030).
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Motor Driver IC Market Analysis by Semiconductor Material
Motor driver IC is produced with use of SiC (Silicon Carbide) or GaN (Gallium Nitride) as semiconductor material. SiC remains highly preferred semiconductor, owing to a number of advantages such as 10x breakdown electric field strength, 3x band gap, and enabling wider range of p-type and n-type control for device construction.
Use of Gallium Nitrate (GaN) as semiconductor material for motor driver IC is estimated to account for 40% of the total revenue by 2024-end, and gain 422 BPS by 2030 over 2024.
Motor Driver IC Market: Segmentation
Fact.MR has studied the motor driver IC market with detailed segmentation on the basis of type, fabrication, material, application and key regions.
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Semiconductor
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| Transistor Gate |
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| Maximum Supply Voltage
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The Motor Driver IC market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
- Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
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The Motor Driver IC market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
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