Motor Driver IC Market Size, Share, and Industry Analysis, By Motor Type (Brushed DC Motor, Brushless DC Motor, and Stepper Motor), By Material (Si (Silicon), SIC (Silicon Carbide), and GaN (Gallium Arsenide)), By Technology (MOSFET and IGBT), By Voltage Range (Low Range (Up to 48 V), Medium Range (48 V - 240 V), and High Range (Above 240 V)), By Industry (Automotive, Consumer Electronics, Aerospace and Defence, Healthcare, Industrial Automation, and Others (Construction)), and Regional Forecast till 2032

The global motor driver IC market is growing at a very fast pace due to the growth in automation, EVs, and industrial machinery. It refers to integrated circuits that govern and control the functionality of electric motors used in numerous applications. These ICs play a significant role in industries, such as automotive, industrial automation, consumer electronics, and health care, where they provide accurate control of motors and energy saving. Motor driver ICs are important in controlling electric motors, adjusting current and voltage, and thus power, efficiency, and energy consumption. It is for this reason that this technology has been widely adopted across sectors and thus continues to grow.

Impact of Generative AI on the Global Motor Driver IC Market

Generative AI is revolutionizing the global motor driver IC market by creating advanced predictive models, optimizing design processes, and improving motor performance. This technology uses complex algorithms to anticipate challenges and suggest optimal solutions for motor control and efficiency. It can predict motor failures, simulate operating conditions, and provide real-time adjustments, improving energy consumption and motor life. This integration is expected to drive growth and innovation in sectors, such as automotive, industrial automation, and electric vehicles.

• In July 2024, STMicroelectronics deployed generative AI to create a next-generation motor driver IC that reduced energy loss in industrial applications by 25% through dynamic control algorithm optimization. This breakthrough not only improves motor performance but also lowers maintenance costs and boosts system robustness.

Motor Driver IC Market Driver

Electrification of Vehicles is Expanding Demand for Motor Driver ICs as Automakers Seek Efficient Solutions for Energy Management

The fast pace of vehicle electrification has led to the demand for motor control solutions, and motor driver ICs play a crucial role in EV powertrain systems. With the increasing number of governments advocating for low carbon emissions and increased use of electric vehicles, the demand for these components is increasing.

• In April 2024, as per data provided by Infineon Technologies, there was a 30% YoY growth in the motor driver IC segment due to the rising usage of EVs in North America and Europe. 

This trend shows how crucial motor driver ICs are in the normal and efficient performance of electric cars.

Motor Driver IC Market Restraint

Supply Chain Disruptions and Semiconductor Shortages are Hampering the Production and Availability of Motor Driver ICs, Leading to Increased Lead Times and Higher Costs

The supply chain issues prevailing in the semiconductor industry are enormous and mainly caused by geopolitical tensions, natural disasters, and the consequences of COVID-19. These disruptions are severely affecting the procurement of various raw materials required to fabricate motor driver ICs, which is giving rise to longer order leads and surging manufacturing prices. Automotive and industrial manufacturing, which rely heavily on motor driver ICs, are some of the sectors that have been negatively affected by these shortages.

• In March 2024, NXP Semiconductors stated that they had extended lead times for their motor driver IC products by 25% since some raw materials, such as silicon wafers and rare earth materials, were scarce. This shortage has also affected the production costs, hence an increase in the global price of motor driver ICs by 10-12%. This means that many industries are struggling to balance their production schedules with their profitability in the face of a constant increase in component costs.

Motor Driver IC Market Opportunity

Growing Demand for Electric Mobility in Emerging Markets is Creating Significant Growth Opportunities for Motor Driver IC Manufacturers

The rising trend in the sales of electric vehicles in emerging markets poses a good business opportunity for motor driver IC makers. This is due to the governments of countries, such as China and India, among others, setting aggressive policies that support the manufacturing of EVs. There is a growing demand for efficient motor control technologies that ensure that energy is optimally utilized.

• In August 2024, STMicroelectronics planned to invest USD 500 million to increase the facilities that manufacture motor driver ICs in China in a bid to capture the increasing market of EVs in the region.

This move ensures the company is well-positioned to capture higher demand and solidify its market share in emerging markets.

Segmentation

Key Insights

The report covers the following key insights:

• Micro Macro Economic Indicators
• Drivers, Restraints, Trends, and Opportunities
• Business Strategies Adopted by the Key Players
• Impact of Generative AI on the Global Motor Driver IC Market
• Consolidated SWOT Analysis of Key Players

Analysis by Motor Type

By motor type, the market is divided into brushed DC motor, brushless DC motor, and stepper motor. The Brushless DC (BLDC) motor segment is dominating the motor driver IC marketplace as it is more efficient, lasts longer, and needs less maintenance than brushed motors. Sophisticated BLDC motors are widely used in electric vehicles (EVs), industrial applications, and robotics, where control and efficiency are considered important.

• In April 2024, NXP Semiconductors invested USD 300 million to increase the production of motor driver ICs, particularly for BLDC motors employed in the EV power train segment, and thereby augment this segment’s share significantly.

Analysis by Material

By material, the market is divided into Si (Silicon), SIC (Silicon Carbide), and GaN (Gallium Arsenide).

Silicon Carbide (SiC) is becoming the preferred material in the motor driver IC industry due to its superior features, such as stronger thermal conductivity, fewer energy losses, and capacity to withstand high voltage applications when compared to standard silicon. SiC-based integrated circuits are very useful in electric vehicles, renewable energy systems, and industrial automation, all of which require high energy efficiency. SiC's ability to withstand greater temperatures and voltages makes it perfect for next-generation power systems.

• In May 2024, Infineon Solutions announced a USD 400 million investment to boost its SiC-based motor driver IC production for the automotive and industrial sectors. This ensures that SiC remains the dominant material segment and drives innovation in energy-efficient solutions.

Analysis by Technology

By technology, the market is divided into MOSFET and IGBT.

MOSFET (Metal Oxide Semiconductor Field-Effect Transistor) technology is still the most popular in motor driver ICs and is used in low and medium-voltage applications. Its high switching frequency, high efficiency, and relatively lower cost as compared to IGBT make it the most suitable technology in consumer electronics, automotive, and industrial applications. MOSFETs are also used in applications where fast responses and low consumption of power are required in electric vehicles and home appliances.

• In May 2024, Swiss-based STMicroelectronics Company introduced a new family of motor driver integrated circuits based on metal oxide semiconductor field effect transistors, which was developed to meet the rapidly increasing requirement of high-speed and low-power motor control in electric vehicles and industrial equipment.

Analysis by Voltage Range

By voltage range, the market is divided into low range (Up to 48 V), medium range (48 V - 240 V), and high range (Above 240 V).

Currently, the Medium Voltage Range (up to 240 V) is leading the market share due to its utility in electric vehicles, industrial automation, and electrical appliances. This voltage range provides multiple power handling capabilities and efficiency standards for a wide range of motor control uses. The continuous rise in the utilization of electric cars and the implementation of automation in industries is driving the demand for motor driver ICs within this range.

• In July 2024, Texas Instruments launched a new medium-range motor driver IC that aims at EVs and home appliances and is characterized by enhanced heat dissipation capacity and performance that strengthened the dominance of this segment.

Analysis By Industry

By industry, the market is divided into automotive, consumer electronics, aerospace and defense, healthcare, industrial automation, and others (construction).

Of all the end-users, the automotive industry is the largest consumer of motor driver ICs due to the growing adoption of electric cars and the increasing requirements for motor control units in regular vehicles. While car manufacturers move forward to electrify their cars and work on autonomous vehicles, the market for motor driver ICs is expanding rapidly. These devices are critical for the regulation of several circuits in electric vehicles, including power trains, battery cooling circuits, and power steering, among others.

• In March 2024, ON Semiconductor completed a USD 600 million acquisition of GT Advanced Technologies, a startup that was in the business of manufacturing EV motor driver ICs. This will enrich ON Semiconductor’s product offering as it taps into increasing automotive requirements for enhanced motor control technology, especially in terms of electrification and self-driving technologies.

Regional Analysis

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In terms of geography, the global market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

North America dominates the global motor driver IC market, and the important factors that propel the demand for motor driver IC are improvements in electric vehicle technology and industrial applications. The U.S. continues to play a significant role in this market as many resources are being channeled toward research and development of new and improved motor control systems. The concern for energy conservation and environmental protection in the region is increasing the use of motor driver ICs, especially in automobile and industrial applications.

Asia Pacific is expected to grow at the highest CAGR in the motor driver IC market, driven by the growth of automotive and industrial applications. The growing use of electric automobiles in nations, such as China, Japan, and India is the main reason for the higher market demand for motor driver ICs. The governments of these countries are putting large amounts of money into infrastructure and are offering inducements in order to popularise the use of electricity in mobility.

• In July 2024, the Indian government came up with the USD 600 million EV charging plan that also sought to increase the manufacturing of motor driver ICs. This scheme will seek to meet the increasing need for efficient motor control systems in EVs and industrial uses to enhance the market’s growth in the region.

Key Players Covered

The global market is fragmented, with the presence of a large number of groups and providers.

The report includes the profiles of the following key players:

• Texas Instruments Incorporated (U.S.)
• STMicroelectronics (Switzerland)
• (Germany)
• NXP Semiconductors (Netherlands)
• ON Semiconductor (U.S.)
• Analog Devices, Inc. (U.S.)
• Renesas Electronics Corporation (Japan)
• ROHM Semiconductor (Japan)
• Maxim Integrated (U.S.)
• Toshiba Corporation (Japan)

Key Industry Development

• August 2024: Analog Devices, Inc. announced a USD 350 million investment to improve its production capacity for motor driver ICs used in industrial automation and robotics. The development involves the construction of a new manufacturing facility in Malaysia, which will address the growing worldwide demand for efficient motor control solutions in smart factories and automated production lines.
• July 2024: ROHM Semiconductor established a collaborative agreement with Denso Corporation to develop next-generation motor driver integrated circuits for self-driving automobiles. This partnership aims to develop high-performance motor driver integrated circuits that provide improved control accuracy and energy economy, which are critical for the demanding requirements of autonomous driving systems. The collaboration intends to hasten the development of superior motor control technologies that will fuel the future of self-driving automobiles.