Brushed DC Motor Segment has the Largest Share of Motor Type in the Asia Pacific Motor Driver IC Market during 2021–2028

According to our latest study on “Asia Pacific Motor Driver IC Market Forecast to 2028 – COVID-19 Impact and Analysis – by Motor Type, Semiconductor, and Application,” the market is projected to reach US$ 2,204.7 million by 2028 from US$ 1,401.1 million in 2021; it is expected to grow at a CAGR of 6.7% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the growing production of consumer electronics and increasing adoption of internet of things (IoT) across Industries. However, accuracy over a high current range is estimated to limit the market’s growth.

The COVID-19 pandemic has severely impacted APAC due to wide spread of the virus; countries in this region are among the highly populated, which leads to the greater risk infection spread. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has affected major economies such as China, India, Australia, and Japan, which are experiencing inflation. India is the worst-hit country by the pandemic in this region. Many global brands and technological companies are headquartered in the region. The limitations imposed by governments to control the spread of COVID-19 during initial time frame of the outbreak in the countries had showcased decline in revenue generation among the motor driver IC market players in the region. However, as the countries re-opened and industries initiated their operations, the demand for motor driver ICs from various end users upscaled, which led the market to witness a positive growth at the end of 2020.

Based on motor type, the brushed DC motor segment is expected to register the largest market share during the forecast period. However, the stepper motor segment is estimated to register the highest CAGR during the forecast period. In 2021, stepper motors are currently one of the most used motor types in medical analyzers. Furthermore, stepper motors are in high demand in X-ray equipment, ultrasound scanners, IV pumps, and blood analyzers. Stepper motors in fans for cooling are used in recent technical breakthroughs in the healthcare business, such as oxygen concentrators. Stepper motors are useful for medical applications because of their small size and minimal noise.

Toshiba Corporation, Mitsubishi Electric Corporation, Texas Instruments Incorporated, Allegro MicroSystems, Inc., Renesas Electronics Corporation, STMicroelectronics N.V., ON Semiconductor Corporation, ROHM CO., LTD., INFINEON TECHNOLOGIES AG, and Analog Devices, Inc. are among the leading companies in the Asia Pacific motor driver IC market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for motor driver IC market is segmented into motor type, semiconductor, and application. Based on motor type, the Asia Pacific motor driver IC market is segmented into brushed DC motor, brushless DC motor, and stepper motor. Based on semiconductor, the Asia Pacific motor driver IC market is segmented into gallium nitrate (GaN), and silicon carbide (SiC). Based on application, the motor driver IC market is segmented into automotive, aerospace and defense, industrial automation, consumer electronics, and healthcare. Geographically, the motor driver IC market is segmented into Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia Pacific).

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