Automotive Motor Driver Trends and Forecast
The future of the global automotive motor driver market looks promising with opportunities in the electric vehicle, hybrid vehicle, and commercial vehicle markets. The global automotive motor driver market is expected to reach an estimated $7.3 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are increasing demand for safety and convenience features, rising demand for electric vehicles, and growing demand for high-performance vehicles.Automotive Motor Driver by Segment
The study includes a forecast for the global automotive motor driver by voltage, application, and region.Automotive Motor Driver Market by Voltage [Shipment Analysis by Value from 2018 to 2030]
- Low Voltage
- High Voltage
Automotive Motor Driver Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Electric Vehicles
- Hybrid Vehicles
- Commercial Vehicles
- Others
Automotive Motor Driver Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Automotive Motor Driver Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive motor driver companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive motor driver companies profiled in this report include-- Robert Bosch
- NXP Semiconductors
- Infineon Technologies
- Texas Instruments
- STMicroelectronics
- Renesas Electronics
- Toshiba
- Mitsubishi Electric
- ON Semiconductor
- Maxim Integrated Products
Automotive Motor Driver Market Insights
The publisher forecasts that low voltage will remain the larger segment over the forecast period due to the growing demand for electric and hybrid vehicles.Within this market, hybrid electric vehicle is expected to witness the highest growth due to the increasing government initiatives, which promotes adoption of hybrid vehicle production.
APAC will remain the largest region over the forecast period due to the booming automotive industry, greater disposable income, and government attempts to promote the usage of electric vehicles.
Features of the Global Automotive Motor Driver Market
- Market Size Estimates: Automotive motor driver market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Automotive motor driver market size by voltage, application, and region in terms of value ($B).
- Regional Analysis: Automotive motor driver market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different voltages, applications, and regions for the automotive motor driver market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive motor driver market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive motor driver market size?Answer: The global automotive motor driver market is expected to reach an estimated $7.3 billion by 2030.
Q2. What is the growth forecast for automotive motor driver market?
Answer: The global automotive motor driver market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive motor driver market?
Answer: The major drivers for this market are increasing demand for safety and convenience features, rising demand for electric vehicles and growing demand for high-performance vehicles.
Q4. What are the major segments for automotive motor driver market?
Answer: The future of the automotive motor driver market looks promising with opportunities in the electric vehicle, hybrid vehicle, and commercial vehicle markets.
Q5. Who are the key automotive motor driver market companies?
Answer: Some of the key automotive motor driver companies are as follows:
- Robert Bosch
- NXP Semiconductors
- Infineon Technologies
- Texas Instruments
- STMicroelectronics
- Renesas Electronics
- Toshiba
- Mitsubishi Electric
- ON Semiconductor
- Maxim Integrated Products
Answer: The publisher forecasts that low voltage will remain the larger segment over the forecast period due to the growing demand for electric and hybrid vehicles.
Q7. In automotive motor driver market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the booming automotive industry, greater disposable income, and government attempts to promote the usage of electric vehicles.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive motor driver market by voltage (low voltage and high voltage), application (electric vehicle, hybrid vehicle, commercial vehicle, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Automotive Motor Driver Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Robert Bosch
- NXP Semiconductors
- Infineon Technologies
- Texas Instruments
- STMicroelectronics
- Renesas Electronics
- Toshiba
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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