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 South & Central America motor driver IC market is expected to reach US$ 334.1 million by 2028 from US$ 267.0 million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021–2028.
The rise in demand for consumer electronics is projected to be aided by the rise in work-from-home culture. Moreover, based on increased rural earnings and government programs related to rural electrification, there is a surge in demand for consumer electronics in rural areas. Due to the growing production of consumer electronics, the demand for their basic components and devices such as motor driver ICs will also increase, resulting in market expansion. Several companies in the market are offering exclusive motor driver ICs for the consumer electronics industry. For instance, Renesas provides an extremely integrated system-in-packages (SIP) built mainly to drive three-phase brushless DC (BLDC) motors found in battery-powered power tools, gardening equipment, drones, cordless vacuums, consumer robots, and cleaning robots. In addition, firms are partnering and collaborating for the R&D of innovative motor driver ICs aimed at the consumer market. For instance, Infineon Technologies AG and GT Advanced Technologies collaborated to provide silicon carbide (SiC) boules in November 2020. This contract has a five-year initial term. Infineon now has the industry's broadest product range for industrial applications and is aggressively growing its consumer product offerings. As a result of the growing business, the demand for motor driver ICs is expected to increase significantly throughout the forecast period.
Brazil has reported the highest number of COVID-19 cases in South America, followed by Ecuador, Chile, Peru, and Argentina, among others. Most of the commercial and industrial operations in the region were shut down to prevent the spread of the disease. Lockdowns imposed in cities have compelled most production plant operators to suspend their operation indefinitely, which has led to the discontinuation in the demand for mechanical and electronic parts during Q2 and Q3 of 2020. Therefore, during that period, the motor driver IC market witnessed decline in revenues, however, by the end of 2020, the market observed marginal positive growth as several end user industries purchased substantial volumes of motor driver ICs to continue their business operations.
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 South & Central America motor driver IC market is expected to grow at a good CAGR during the forecast period.
South & Central America Motor Driver IC Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Motor driver IC Market Segmentation ByMotor 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
South & Central America
Brazil
Rest of South & Central America
Companies Mentioned
Toshiba Corporation
Mitsubishi Electric Corporation
Texas Instruments Incorporated
Allegro MicroSystems, Inc.
ON Semiconductor Corporation
INFINEON TECHNOLOGIES AG
Analog Devices, Inc.
ROHM CO., LTD.
South and Central America Motor Driver IC Market Strategic Insights
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South and Central America Motor Driver IC Market Segmentation Analysis
South and Central America Motor Driver IC Market Report Highlights
South and Central America Motor Driver IC Report Scope
Report Attribute
Details
Market size in 2021
US$ 267.0 Million
Market Size by 2028
US$ 334.1 Million
CAGR (2021 - 2028)
3.3%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Motor Type
Brushed DC Motor
Brushless DC Motor
Stepper Motor
By Semiconductor
Gallium Nitrate
Silicon Carbide
By Semiconductor
Automotive
Aerospace and Defense
Industrial Automation
Consumer Electronics
Healthcare
Regions and Countries Covered
South and Central America
Brazil
Argentina
Rest of South and Central America
Market leaders and key company profiles
Toshiba Corporation
Mitsubishi Electric Corporation
Texas Instruments Incorporated
Allegro MicroSystems, Inc.
ON Semiconductor Corporation
INFINEON TECHNOLOGIES AG
Analog Devices, Inc.
ROHM CO., LTD.
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South and Central America Motor Driver IC Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
The List of Companies - South and Central America Motor Driver IC Market
Toshiba Corporation
Mitsubishi Electric Corporation
Texas Instruments Incorporated
Allegro MicroSystems, Inc.
ON Semiconductor Corporation
INFINEON TECHNOLOGIES AG
Analog Devices, Inc.
ROHM CO., LTD.
Frequently Asked Questions
How big is the South and Central America Motor Driver IC Market?
The South and Central America Motor Driver IC Market is valued at US$ 267.0 Million in 2021, it is projected to reach US$ 334.1 Million by 2028.
What is the CAGR for South and Central America Motor Driver IC Market by (2021 - 2028)?
As per our report South and Central America Motor Driver IC Market, the market size is valued at US$ 267.0 Million in 2021, projecting it to reach US$ 334.1 Million by 2028. This translates to a CAGR of approximately 3.3% during the forecast period.
What segments are covered in this report?
The South and Central America Motor Driver IC Market report typically cover these key segments-
Motor Type (Brushed DC Motor, Brushless DC Motor, Stepper Motor)
Semiconductor (Gallium Nitrate, Silicon Carbide)
Semiconductor (Automotive, Aerospace and Defense, Industrial Automation, Consumer Electronics, Healthcare)
What is the historic period, base year, and forecast period taken for South and Central America Motor Driver IC Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South and Central America Motor Driver IC Market report:
Historic Period : 2019-2020
Base Year : 2021
Forecast Period : 2022-2028
Who are the major players in South and Central America Motor Driver IC Market?
The South and Central America Motor Driver IC Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Toshiba Corporation
Mitsubishi Electric Corporation
Texas Instruments Incorporated
Allegro MicroSystems, Inc.
ON Semiconductor Corporation
INFINEON TECHNOLOGIES AG
Analog Devices, Inc.
ROHM CO., LTD.
Who should buy this report?
The South and Central America Motor Driver IC Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the South and Central America Motor Driver IC Market value chain can benefit from the information contained in a comprehensive market report.
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