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

According to our latest study on “North America 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$ 1,575.2 million by 2028 from US$ 1,161.4 million in 2021; it is expected to grow at a CAGR of 4.5% 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.

North America is known for the highest rate of adoption of advanced technologies due to favorable government policies to boost innovation and strengthen infrastructure capabilities. As a result, any factor affecting performance of industries in the region hinders its economic growth. Currently, the US is the world's worst-affected country due to the COVID-19 outbreak, which has led governments to impose several limitations on industrial, commercial, and public activities in the country, to control the spread of infection. Hence, the demand for passive components has steadily declined as a result of the suspension of operations in numerous industries, the closing of different production units, and people's unwillingness to enter the work force. However, during the Q3, the industries started to open, hence once again the supply chain resumed its operation normally. Therefore, the effects of COVID-19 pandemic had weakened the North America's motor driver IC market; however, the market experienced positive impact as the demand for motor driver IC grew substantially in the country as the end user industries started their operations from Q3 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 North America 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 North America motor driver IC market is segmented into brushed DC motor, brushless DC motor, and stepper motor. Based on semiconductor, the North America 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 North America (US, Canada, Mexico).

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