Europe Motor Driver IC Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Motor Type (Brushed DC Motor, Brushless DC Motor, and Stepper Motor), Semiconductor (Gallium Nitrate (GaN), and Silicon Carbide (SiC)), Semiconductor (Automotive, Aerospace and Defense, Industrial Automation, Consumer Electronics, and Healthcare)

The Europe motor driver IC market is expected to reach US$ 1,252.2 million by 2028 from US$ 864.7 million in 2021. The market is estimated to grow at a CAGR of 5.4% from 2021–2028.

In Europe, the COVID-19 pandemic has a different impact on different countries, as only selective countries have witnessed the rise in the number of cases and subsequently attracted strict during the second wave, as well as prolonged, lockdown periods or social isolation norms. However, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their growth activities because of their strong healthcare systems. These countries have been investing significantly towards the diagnosis and treatment of the disease effectively and in less time. Traditional corporate frameworks have been swiftly replaced by more innovative business concepts. Despite the fact that several industries experienced negative impact, the electronic industry observed positive outcome and is projected to rebound more quickly than others. This has led the motor driver IC market players to witness positive growth in their revenues in 2020 and is also expected to continue to witness positive revenue generation in the coming years.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the motor driver IC market. The Europe motor driver IC market is expected to grow at a good CAGR during the forecast period.

Europe Motor Driver IC Market Revenue and Forecast to 2028 (US$ Million)

Europe Motor driver IC Market Segmentation
By Motor Type

• Brushed DC Motor
• Brushless DC Motor
• Stepper Motor

By Semiconductor

• Gallium Nitrate (GaN)
• Silicon Carbide (SiC)

By Application

• Automotive
• Aerospace and Defense
• Industrial Automation
• Consumer Electronics and Home Appliances
• Healthcare

By Country

• Europe
• Germany
• UK
• France
• Italy
• Russia
• Rest of Europe

Companies Mentioned

• 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
• Analog Devices, In

1. Toshiba Corporation
2. Mitsubishi Electric Corporation
3. Texas Instruments Incorporated
4. Allegro MicroSystems, Inc.
5. Renesas Electronics Corporation
6. STMicroelectronics N.V.
7. ON Semiconductor Corporation
8. ROHM CO., LTD.
9. INFINEON TECHNOLOGIES AG
10. Analog Devices, Inc.

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