Latest News- Motor Driver Board Market: Low voltage motor drivers is expected to lead the Product segment during 2025-2029
The Motor Driver Board Market is being driven by Rising demand for electric vehicles (EVs)
The Motor Driver Board Market is expected to grow at a CAGR of 8.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2071.4 million. The global motor driver board market is experiencing significant growth, with an increasing number of new product introductions. On August 6, 2024, STMicroelectronics unveiled the EVLDRIVE101-HPD, a compact and innovative motor-drive reference board, showcasing the industry's dedication to catering to diverse application requirements. Featuring the STDRIVE101 3-phase gate-driver IC, STM32G0 microcontroller, and high-efficiency MOSFETs, this 50mm circular PCB board is designed for home, industrial, and battery-powered equipment. The EVLDRIVE101-HPD supports flexible motor-control strategies and boasts advanced energy efficiency, consuming less than 1 microampere in sleep mode. Additionally, it includes essential protections such as under-voltage lockout (UVLO) and overtemperature safeguards.
Get more information on Motor Driver Board Market by requesting a sample report
Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Low voltage motor drivers, Medium voltage motor drivers, High voltage motor drivers) End-user (Automotive and electric vehicles, Robotics, Industrial automation, Consumer electronics, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Key Features in Motor Driver Board Market Research Report
Find out which segment is leading the market by accessing the free PDF report
The Motor Driver Board Market encompasses various motor types such as stepper motors and brushless DC motors, along with advanced motor control, motor control algorithms, and power management. Smart grid technologies, energy harvesting, and sustainable energy are key trends, with applications in smart home automation, IoT, renewable energy solutions, and electric vehicle technology. Power electronics design, robotics and automation, industrial robotics, and environmental concerns are other significant areas. Motor control in electric vehicle drivetrains and wireless motor control are also gaining traction. Green technology and renewable energy solutions are at the forefront of market growth.
The Motor Driver Board Market is a significant segment of the expansive Global Electrical Components and Equipment Market. This market encompasses businesses involved in the production of motor driver boards, a critical component in the operation of motors in various applications, including renewable energy sources and smart homes. The larger electrical components and equipment market, as calculated by Technavio, includes revenues from manufacturers of water heaters and accessories, motors, motor control, encoder and amplifier, automation solutions, electrical distribution and protection equipment, small generators, wire and cable accessories, power supplies and conditioners, sensors, meters and indicators, recorders and loggers, process safety systems, instrumentation, test and measurement equipment, switches, transmitters and receivers, HVAC, and safety components. Furthermore, the market size is augmented by rental and leasing services of electrical components and equipment to industrial, commercial, and residential consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
