Research Reports
Motor Driver ICs Market projected to reach US$ 2,200 Mn by 2030
Motor Driver ICs Market projected to reach US$ 2,200 Mn by 2030
Published by TMR Research Insights
Posted on August 13, 2021
Global Banking and Finance Review
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Published by TMR Research Insights
Posted on August 13, 2021
Motor Driver ICs Market: Introduction
Transparency Market Research delivers key insights on the global motor driver ICs market. In terms of revenue, the global motor driver ICs market is estimated to expand at a CAGR of 6.14% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global motor driver ICs market.
The global motor driver ICs market is broadly affected by several factors, including usage of motor driver ICs in the automotive sector and industrial automation. Thus, expanding applications of the motor driver ICs in the automotive sector and industrial automation are propelling the global motor driver ICs market.
Motor Driver ICs Market: Dynamics
A motor driver IC is an integrated circuit chip that is usually used to control motors in autonomous robots. Motor driver ICs act as an interface between microprocessors in robots and the motors in the robot. Most microprocessors operate at low voltages and require a small amount of current, while motors require a relatively higher voltage and current. Thus, current cannot be supplied to the motors from the microprocessor. Additionally, motor driver ICs help perform various operations such as selecting the reverse or forward rotation of the motor, protecting against overload, and regulating the motor speed. There are three types of motor driver ICs: brushed DC motor, brushless DC motor, and stepper motor.
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In terms of end-use industry, the automotive industry segment of the motor driver ICs market is expanding significantly due to the increase in vehicle production across the globe. The rise in demand for safety and comfort features in vehicles is likely to increase vehicle electrification, which is likely to increase the demand for electronics components and consequently, propel the motor driver ICs market across the globe. The increase in the demand for electric vehicles due to the enactment of stringent emission norms across the globe is anticipated to enhance the use of microcontrollers and motor driver ICs in vehicles. The surge in integration of electric power steering, automatic sliding doors, and electric sunroofs in vehicles is likely to boost the motor driver ICs market across the globe. This, in turn, is further expected to boost the adoption of motor driver ICs s during the forecast period.
Motor Driver ICs Market: Prominent Regions
The motor driver ICs market in Asia Pacific is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and expansion of the automotive sector in the region. The motor driver ICs market in Asia Pacific is projected to expand further due to the significant rise in the adoption of motor driver ICs in automotive applications and growing industrial automation in the region.
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About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
Motor Driver ICs Market: Introduction
Transparency Market Research delivers key insights on the global motor driver ICs market. In terms of revenue, the global motor driver ICs market is estimated to expand at a CAGR of 6.14% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global motor driver ICs market.
The global motor driver ICs market is broadly affected by several factors, including usage of motor driver ICs in the automotive sector and industrial automation. Thus, expanding applications of the motor driver ICs in the automotive sector and industrial automation are propelling the global motor driver ICs market.
Motor Driver ICs Market: Dynamics
A motor driver IC is an integrated circuit chip that is usually used to control motors in autonomous robots. Motor driver ICs act as an interface between microprocessors in robots and the motors in the robot. Most microprocessors operate at low voltages and require a small amount of current, while motors require a relatively higher voltage and current. Thus, current cannot be supplied to the motors from the microprocessor. Additionally, motor driver ICs help perform various operations such as selecting the reverse or forward rotation of the motor, protecting against overload, and regulating the motor speed. There are three types of motor driver ICs: brushed DC motor, brushless DC motor, and stepper motor.
Get PDF Sample for this Research Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=76425
In terms of end-use industry, the automotive industry segment of the motor driver ICs market is expanding significantly due to the increase in vehicle production across the globe. The rise in demand for safety and comfort features in vehicles is likely to increase vehicle electrification, which is likely to increase the demand for electronics components and consequently, propel the motor driver ICs market across the globe. The increase in the demand for electric vehicles due to the enactment of stringent emission norms across the globe is anticipated to enhance the use of microcontrollers and motor driver ICs in vehicles. The surge in integration of electric power steering, automatic sliding doors, and electric sunroofs in vehicles is likely to boost the motor driver ICs market across the globe. This, in turn, is further expected to boost the adoption of motor driver ICs s during the forecast period.
Motor Driver ICs Market: Prominent Regions
The motor driver ICs market in Asia Pacific is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and expansion of the automotive sector in the region. The motor driver ICs market in Asia Pacific is projected to expand further due to the significant rise in the adoption of motor driver ICs in automotive applications and growing industrial automation in the region.
More Trending Reports by Transparency Market Research –
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
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