Motor Control IC Market: Increasing Use in Medical Equipment Manufacturing Driving Growth: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2027

Motor Control IC Market: Increasing Use in Medical Equipment Manufacturing Driving Growth: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2027

Introduction

Motor Control IC is a component or a group of components that governs the performance of an electric motor in a predetermined manner. A motor control IC includes an automatic or manual means for starting and stopping the electric motor.

Motor control IC also help perform various operations, such as selecting the reverse or forward rotation of the motor, selecting and regulating the speed, protecting against overloads, limiting or regulating torque and protecting against faults. Motor control ICs can be subcategorised into digital motor controllers, 32-bit embedded power ICs and intelligent motor control ICs.

Motor control IC are used in industries, such as automotive and the manufacturing of medical equipment. Motor control ICs are also used as an intelligent motor/actuator controller for industrial purposes. Motor control IC is generally connected to a power supply and control circuitry in the form digital and analogue input signals.

Increasing demand of motor control ICs for usage in brushless DC motors is expected to drive the market

In this report, FMI has segmented the global motor control IC market by type, by industry and by region. By type, the motor control IC market is sub-segmented into brushed DC motor, brushless DC motor and stepper motor.

The usage of motor control IC in brushless DC motors is surging the growth of the global motor control IC market due to a quantitative increase in the demand for brushless DC motors in the projected period. The demand for motor control ICs for usage in brushless DC motors is expected to create an incremental opportunity of $ 617.7 Mn between 2018 and 2027.

Automotive industry to dominate the motor control IC market with the highest market share

By industry, the global motor control IC market is segmented into automotive, building control, industrial automation, consumer electronics, healthcare and others. Growth in the demand for motor control ICs for usage in robotics is one of the major factors driving the motor control IC market in the industrial automation industry.

The automotive sub-segment of the global motor control IC market is projected to register a market share of more than 30.2% by the end of 2018. Moreover, the automotive industry is witnessing advanced innovations and technological developments.

Due to these factors, the growth of the automotive industry is supporting the growth of the global motor control IC market. Moreover, motor control IC has several applications in consumer electronics products, which is expected to be one of the key factors boosting the motor control IC market throughout the forecast period.

High efficiency and compact size expected to fuel growth of the motor control IC market

This report also includes most of the trends that are driving all the segments of the motor control IC market. In addition, it offers an analysis as well as insights regarding the potential growth opportunities in the market across different regions worldwide, which include North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, Italy, France, Spain, U.K. & the rest of Europe), APEJ (China, India, Malaysia, Australia, Singapore & the rest of APEJ), MEA (GCC Countries, South Africa, Israel & the rest of MEA) and Japan.

Based on geography, the North America market is estimated to dominate the global motor control IC market owing to the presence of a large number of manufacturers of motor control ICs in the region.

Due to constant innovations and technological advancements in the industrial automation industry, the demand for motor control ICs is increasing in North America. Furthermore, the Europe region is expected to exhibit the highest growth rate during the forecast period in the global motor control IC market owing to an increase in the usage of motor control ICs in the automotive industry in this region. Owing to this factor, the motor control IC market in Europe is expected to grow at a CAGR of 6.2% during the forecast period.

Rising preference for smart devices in developed countries is driving the motor control IC market

According to FMI analysis, strategies, such as improvements in quality, product innovations, as well as others, are expected to help increase revenue, which is likely to enable the vendors of motor control ICs to reach new growth markets.

In addition, Infineon Technologies AG, which is one of the prominent vendors of motor control ICs, is offering motor control IC for different application areas such as commercial and industrial purposes. As per FMI analysis, Infineon Technologies AG is upgrading its existing products to boost its customer base by improving the experience of its customers.

Some of the market participants featured in the global motor control IC market report are Rockwell Automation, General Electric Company, ON Semiconductor, Siemens AG, Toshiba Corporation, ABB Ltd., Schneider Electric SE, Maxim Integrated and NXP Semiconductors.

Key Segments

Motor Control IC market, by Type

  • Brushed DC motor control IC
  • Brushless DC motor control IC
  • Stepper motor control IC

Motor Control IC market, by Industry

  • Automotive
  • Building control
  • Industrial automation
  • Consumer electronics
  • Healthcare
  • Others

Key Regions

  • North America motor control IC market
    • U.S.
    • Canada
  • Latin America motor control IC market
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe motor control IC market
    • Germany
    • U.K.
    • France
    • Spain
    • Russia
    • Rest of Europe
  • APEJ motor control IC market
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of APEJ
  • Japan motor control IC market
  • MEA motor control IC market
    • GCC Countries
    • Israel
    • South Africa
    • Rest of MEA

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