Motor Control IC Market: Demand Is Likely To Continue In Future And Is Expected To Grow During The Forecast Period 2021-2031

-

 

Motor Control IC Market: Introduction

  • Motor control IC is the component which is used to control the performance of electric motors in a predetermined manner. It acts as an interface between the microprocessors and motors in robots. The motor control IC helps to perform operations such as reverse or forward rotation of a robot, selecting and regulating the speed, enabling protection against faults, and limiting the torque.
  • In addition, the motor control IC is used for blind spot detection, puddle light, turn signals, and defroster applications. It provides two means of starting and stopping of electric motors – automatic and manual mode.
  • The motor control IC has a wide range of applications in industries such as automotive and medical equipment manufacturing. It is also used as an intelligent motor controller for industrial purposes.

Obtain Report Details @ https://www.transparencymarketresearch.com/motor-control-ic-market.html

Rising applications in automotive industry to fuel market growth

  • Over the past few years, the automotive industry has become a key application area for motor control ICs. This is due to automation in automotive manufacturing and growing demand for connected and autonomous cars.
  • Other industries such as consumer electronics, and aerospace & defense have high demand for motor control ICs. The increasing demand from these industries is due to significant improvements in semiconductor industry in terms of AI applications, device architecture, chip performance, and production costs.
  •  Further, adoption of IoT technologies and investments in implementation of new technologies are increasing the usage of motor control ICs. These factors are propelling the growth of the market.

Growing technological advancements by major players

  • Players in developed countries are increasingly preferring smart devices. Major players are focusing on product innovation and offering motor control ICs for commercial as well as industrial applications. For instance, Infineon Technologies AG is upgrading its products and offering motor control ICS for various industries. These factors are fueling the market growth.
  • Further, improvements in quality and product innovation are expected to drive the motor control IC market. However, increasing complexities in functionality in various electric components may hamper the market growth.

For More Industry Insight, Request Sample@ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=63033

Maximum Growth to be observed in the Asia Pacific Market

  • In terms of region, the global motor control IC market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
  • The motor control IC market in Asia Pacific is anticipated to expand at the maximum CAGR during the forecast period.
  • This growth is attributed to applications in various industries such as automotive, and aerospace & defense, growing automotive industry, increasing demand in consumer electronics, and growing manufacturing industry in developing economies such as Japan, Taiwan, China, and others. These factors are expected to increase the demand for motor control IC products.
  • The motor control IC market in North America and Europe is expected to show high growth rate due to increasing competition among players. The market in Middle East & Africa is likely to witness slow growth rate.

Key Players in the Global Market

The global motor control IC market is extensively fragmented as emerging and major manufacturers exist side by side. Prominent players operating in the global market are focusing on product launch and technological developments to meet the growing demand.

Key players operating in the global motor control IC market include:

  • Rockwell Automation
  • STMicroelectronics
  • ON Semiconductor
  • Infineon AG
  • Toshiba Corporation

Get More PR by TMR:

https://www.prnewswire.com/news-releases/global-labels-market-to-ride-on-the-back-of-growing-popularity-of-linerless-labels-emergence-of-rfid-technology-to-emerge-as-a-game-changer-in-the-market—tmr-301325484.html


Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation ma...
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. ...
Read more

Architectural LED Products Market: Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2018 - 2026

-
  Global Architectural LED Products Market: Overview  Safety is one of the key concern in architectural spaces, which is important to recognize the need for acceptable architectural lighting. Proper architectural lighting has a vital role for people occupying the architectural space. Additionally, architectural lighting attracts the person’s attention and enables the architectures for serving its true purpose with enhanced features.  The  architectural LED products market  report involves some of the insightful predictions over the scope of the market and some prospects over growth. The new report from Transparency Market Research (TMR) on the architectural LED products market offers the thorough analysis of market segmentation and involves the past revenue and future forecasts. The report offers numerous key strategies adopted by key players coupled with some prominent trends, which are impacting on the growth. Along with this, it explains important information...
Read more