An Incisive, In-depth Analysis on the Motor Control Ic Market
This study offers a comprehensive, 360 degree analysis on the Motor Control Ic market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Motor Control Ic market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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.
Future Market Insights (FMI) offers a 9-year forecast of the motor control IC market between 2018 and 2027. In terms of value, the motor control IC market is expected to register a high CAGR during the forecast period. This study demonstrates the global motor control IC market dynamics and trends across six regions, which include North America, Latin America, Europe, Japan, APEJ and MEA, which influence the current nature and the future status of the motor control IC market over the forecast period.
This research report provides a detailed analysis of the motor control IC market and offers insights on the various factors driving the popularity of motor control ICs. The report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The report segregates the motor control IC market based on technology, application and different regions globally.
The motor control IC market is expected to witness significant value growth during the forecast period owing to its features such as compact size, cost effectiveness and high efficiency. Moreover, the rising preference for smart devices in developed countries is driving the motor control ICs market.
The report starts with an overview of the motor control IC market in terms of value. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the motor control IC market. A detailed analysis has been provided for every segment in terms of the market size analysis for motor control ICs across different regions.
The next section of the motor control IC market report contains a detailed analysis of the motor control IC market across various countries in the region. It provides a market outlook for 2018–2027, and sets the forecast within the context of the motor control IC market, which includes the latest technological developments as well as offerings in the motor control IC market. This study discusses the key trends within countries contributing to growth of the market, as well as analyses the degrees at which the drivers are influencing the motor control IC market in each region. Key regions and countries assessed in this report include North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Russia & the rest of Europe), Japan, APEJ (China, India, Malaysia, Singapore, Australia & the rest of APEJ) and MEA (GCC Countries, Israel, South Africa & the rest of MEA). This report evaluates the present scenario as well as the future growth prospects of the motor control ICs market across various regions globally for the period 2018 –2027. We have considered 2017 as the base year, and provided data for the remaining 12 months.
To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the motor control IC market will grow in the future. Given the characteristics of the motor control IC market, we have triangulated the outcome of different types of analysis based on the technology trends.
As previously highlighted, the global motor control IC market is split into a number of segments. All the segments in terms of type, industry and different regions are analysed in terms of basis points to understand the relative contributions of individual segments of motor control IC market growth. This detailed information is important for the identification of various key trends in the global motor control IC market.
In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the motor control IC market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify the potential resources from a sales and delivery perspective in the global motor control IC market.
In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the motor control IC market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a market segment in the motor control IC supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the marketplace. The detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the motor control IC market. Some of the key competitors in the motor control IC market are Rockwell Automation, Infineon Technologies AG, General Electric Company, ON Semiconductor, Siemens AG, Toshiba Corporation, ABB Ltd., Schneider Electric SE, Maxim Integrated and NXP Semiconductors.
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
- Building control
- Industrial automation
- Consumer electronics
North America motor control IC market
Latin America motor control IC market
- Rest of Latin America
Europe motor control IC market
- Rest of Europe
APEJ motor control IC market
- Rest of APEJ
- Japan motor control IC market
MEA motor control IC market
- GCC Countries
- South Africa
- Rest of MEA
- Rockwell Automation
- Infineon Technologies AG
- Schneider Electric SE
- General Electric Company
- Siemens AG
- Maxim Integrated
- ON Semiconductor
- Toshiba Corporation
- NXP Semiconductors.
- ABB Ltd.
Motor Control IC Market Reports - Table of Contents
1. Global Motor Control IC Market - Executive Summary
11. FMI Research Methodology