There were 1,763 press releases posted in the last 24 hours and 314,411 in the last 365 days.

/EIN News/ -- Rockville, Md., Dec. 06, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global Motor Driver IC market is likely at US$ 732.2 million in 2022 and is expected to expand at a CAGR of 7.9% during the forecast years of 2022-2032. The market is expected to grow due to a surge in demand for the consumer electronics industry used in households. Lora 915mhz Antenna

In robotics, motor driver ICs are frequently used to connect microcontrollers to DC motors. They are commonly utilized in automation since they are a crucial part of autonomous robot motion control. They can also be found in settings that are more typical, such as office appliances and automotive electronics. DC motors can be used in goods like electronic goods, the automotive industry, ATM Machines, and many other appliances.

The market is about to witness significant growth in the coming years due to increased automation and digitalization. The rising adoption of internet of things (IoT) devices results in the advancement of the telecom and semiconductor industry, leading to an increase in demand for motor driver IC.

Download a Free Sample Copy of this Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=3173

Owing to technological developments in the internet of things, raised demand for motor driver IC due to its wide supply voltage range is expected to witness significant growth over the coming years.

Key Takeaways from Market Study

“Advanced smart home devices provide a route to scaling Motor Driver IC sales creating consistency in demand,” says a Fact.MR analyst.

Segmentation of Motor Driver IC Industry Research

Get Customization on this Report for Specific Research Solutions - https://www.factmr.com/connectus/sample?flag=RC&rep_id=3173

The emerging technology of internet of things has made more human centric technology which ensure improved mechanism and better security for home, office, vehicles etc. To meet the client requirement, lot of research and development have been done around manufacturing smart and wireless switch to target the consumer who prefers stylish look for their house which can also be connected to smart phones and can be taken care of the premises in the absence.

The high penetration of smartphones and smart devices have led lead the market gain traction. The motor driver IC provides wireless connection which give home 100% safety features, easy installation and are environment friendly.

The study predicted that in 2021, there were 258 million smart homes around the world. While United States is the biggest smart automation market in comparison to other countries, wherein millennials are ready to pay 20% or more for smart homes and thus generate opportunities for motor driver IC market.

Explore Our Safe & Secure Payment Options for Quick Buy – https://www.factmr.com/checkout/3173

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global photonic packaging market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of by Product Type (Pad (Single, Double) Wall (Single, Double)), by technology (Enocean* (Retrotouch, Enocean), Bluetooth, ZigBee), by Operating Range (Outdoor) (Less than 25 m, 25-50 m, 50-80 m and above 80 m), by Frequency (433 MHz (Europe, Asia), 868 MHz (Europe), 902 MHz (North America), 928 MHz (Asia), 2.4 GHz (Europe)), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, Middle East & Africa ).

Check out more related studies published by Fact.MR Research: 

On Board Units Market: The global on board units market registered a CAGR of 8.6%, Over the 2018-2022 historical period. The report reveals that the industry will be worth US$ 2.5 billion in 2023 and increase at an impressive CAGR of 14.4% to reach a market valuation of US$ 9.5 billion by the end of 2033.

Density Meter Market: The global density meter market is valued at US$ 1 billion in 2022 and is expected to reach US$ 1.3 billion by 2027, expanding at a steady CAGR of 4% from 2022 to 2027. The process segment is predicted to progress at a similar CAGR of 4% from 2022 to 2027 and reach a valuation of US$ 877 million by the end of 2027, says Fact.MR, a market research and competitive intelligence provider.

Motor monitoring Market: Motor monitoring may be defined as the process of continuously monitoring the motors, generators, clutches etc. in various end-use industries that is subjected to high stress. Proper monitoring of motors cannot be done manually as it results in unexpected outages, failures and unanticipated financial losses.

Discrete Diodes Market: Discrete diodes are electronic components with zero resistance to the current in one direction as compared to the infinite resistance to current in other. Laser diodes, zener diodes, transient protection diodes, schottky diodes, microwave and radio frequency diodes, and small single diodes are some types of discrete diodes used in various industries.

Driver Attention Alert Systems Market: The rising concern for driver safety and assistance is increasing the adoption of driver attention alert systems. The driver attention alert systems are designed to identify signs of driver fatigue, eye-movement and camera-based facial expression.

About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Email: sales@factmr.com Tel: +1 (628) 251-1583

EIN Presswire's priority is source transparency. We do not allow opaque clients, and our editors try to be careful about weeding out false and misleading content. As a user, if you see something we have missed, please do bring it to our attention. Your help is welcome. EIN Presswire, Everyone's Internet News Presswire™, tries to define some of the boundaries that are reasonable in today's world. Please see our Editorial Guidelines for more information.

8dbi Antenna 868mhz © 1995-2022 Newsmatics Inc. dba EIN Presswire All Right Reserved.