Motor Driver ICs for Automotive Market
Motor Driver ICs for Automotive Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Motor Driver ICs for Automotive Market Size and Growth
The Motor Driver ICs for Automotive market is experiencing significant growth, driven by increasing demand for electric vehicles and advanced driverassistance systems (ADAS). The market size is projected to reach approximately $2 billion by 2027, with a compound annual growth rate (CAGR) of around 10% from 2023 to 2027. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Toshiba Corporation
◍ Mitsubishi Electric Corporation
◍ Texas Instruments
◍ Allegro Microsystems
◍ Dialog Semiconductor PLC
◍ ST Microelctronics
◍ ON Semiconductor
◍ Rohm Co Ltd
◍ Semtech Corporation
◍ Maxim Integrated
The automotive motor driver IC market features key players like Toshiba, Mitsubishi Electric, and Texas Instruments, focusing on electric vehicles and automation. Companies innovate with integrated solutions, enhancing efficiency and performance, thus driving market growth. Sales revenue figures include:
- Texas Instruments: $3.83 billion (2022)
- STMicroelectronics: $12.76 billion (2022)
- ON Semiconductor: $6.19 billion (2022)
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Market Segmentation
By Application
◍ Automotive
◍ Aerospace and Defense
◍ Industrial Automation
◍ Consumer Electronics
◍ Healthcare
◍ Other
By Product
◍ SiC (Silicon Carbide) ◍ GaN (Gallium Nitride)
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Market Growth
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$ X Billion USD
