Motor ICs for Automotive Market
Motor ICs for Automotive Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Motor ICs for Automotive Market Size and Growth
The automotive Motor ICs market is experiencing robust growth, driven by the increasing demand for electric vehicles and advanced driver-assistance systems. The market size is projected to reach approximately $3.5 billion by 2026, fueled by technological advancements and rising consumer preferences for efficient and high-performance automotive electronics.
Companies Covered (Covid 19 Impact Covered)
◍ "STMicroelectronics"
◍ "Infineon"
◍ "Rohm"
◍ "TI"
◍ "NXP"
◍ "Vishay"
◍ "SANKEN ELECTRIC"
◍ "Nisshinbo Micro Devices"
◍ "Toshiba"
◍ "Melexis"
◍ "onsemi"
◍ "Allegro MicroSystems"
◍ "Microchip"
◍ "Hefei Zhixin Semiconductor"
◍ "Suzhou ChipSine"
The automotive motor IC market features key players like STMicroelectronics, Infineon, and NXP, which develop efficient motor control solutions for EVs and automation. Their innovations promote electric vehicle adoption, enhancing performance and reliability. Notable revenues include STMicroelectronics ($12.8B) and Infineon ($12.1B), contributing to market growth through advanced motor ICs.
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Market Segmentation
By Application
◍ "Commercial Vehicle"
◍ "Passenger Vehicle"
By Product
◍ "Motor Drive IC" ◍ "Motor Control IC"
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$ 1610.00 Million
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