Motor Driver IC Market Professional Survey Report 2020 to 2030
Verfasser: ashwani_kailiya on Tuesday, 27 October 2020The global motor driver IC market is projected to grow 1.8x between 2020 and 2030, with an promising 6.2% CAGR. The coronavirus outbreak is likely to have a moderate impact on the global motor driver IC industry. Restricted activities in the automotive and industrial manufacturing industries are limiting the demand for motor driver ICs. However, niche applications in health care sector will provide opportunities for growth through the covid-19 crisis.
"Manufacturers using industrial robots make extensive use of motor driver ICs. Robots perform industrial operations with higher efficiency, accuracy, and also low energy consumption. This factor is essential for the growing adoption of motor driver ICs through the assessment period," says the FACT.MR study.
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Motor Driver IC Market- Key Takeaways
Gallium nitride motor driver ICs are witnessing growth in demand owing to superior capabilities in minimizing risks of short circuits.
Power transistor applications are gaining sustained growth with use in renewable energy systems.
Asia Pacific is a major market for motor driver ICs, supported by industrial automation demand for power management in high voltage devices.
Motor Driver IC Market- Driving Factors