Market Overview:
The global stepper motor drive IC market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for stepper motors in consumer electronics, electric tools, office supplies, IT and communication equipment, industry and automotive applications. Additionally, the growing demand for miniaturization of devices is also contributing to the growth of this market.
Product Definition:
A stepper motor drive IC is an integrated circuit that controls the operation of a stepper motor. It receives input signals from a microcontroller or other controller and outputs electrical pulses to the stepper motor to make it rotate. The drive IC also monitors the state of the stepper motor and provides feedback to the controller. This allows precise control of the position and speed of the stepper motor, which is essential for many applications such as robotics, CNC machines, and 3D printers.
Below 12V:
Below 12V stepper motors have been used in many applications such as CNC machines, laser printers, and other industrial equipment. The market for below 12V stepper motors is expected to grow at a higher rate than the general market due to its usage in specialized applications.
The growth of the market can be attributed to factors such as growing demand from end-user industries that are using robotics.
12V ¢â‚¬â€œ 24V:
The 12V ¢â‚¬â€œ 24V is a range of voltage used in various electronic devices such as robots, lawnmowers and power tools.
Application Insights:
The electric tools segment dominated the global stepper motor drive IC market in terms of revenue in 2017. The growth can be attributed to the increasing demand for power tools, such as drills and saws, across end-use industries including construction and automotive. Moreover, growing penetration of stepper motors in consumer electronics is expected to fuel industry expansion over the forecast period. Office supplies are also anticipated to witness significant growth owing to an increase in demand for high performance printers across work environments including home offices and corporate centers.
Industrial machinery is estimated to be one of the prominent application segments over the forecast period owing to a rise in industrial applications including food processing plants, chemical plants manufacturing equipment like robots etc., mining automation etc., water treatment facilities etc., which require highly efficient drives with higher torque output capabilities at lower costs than other types available on market currently.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing industrialization, rising population, and rapid urbanization. Moreover, China has emerged as a major consumer of these products owing to its large manufacturing sector.
The demand for stepper motor drive ICs in Europe is anticipated to witness significant growth over the forecast period owing to growing applications in industry automation as well as office equipment segment. North America also accounted for a significant share due to strong presence of key players such as Nidec Corporation; however, it is expected that Asia Pacific will grow at a faster pace during the forecast period which can be attributed mainly towards developing economies such as India and China along with other countries such Vietnam and Indonesia among others where labor costs are low thereby making them attractive places for various manufacturing activities including automotive component production etc.
Growth Factors:
- Increasing demand for stepper motors in industrial and automotive applications
- Growing demand for precision motion control in medical and semiconductor equipment
- Rising adoption of stepper motors in 3D printing and robotics applications
- Proliferation of low-cost, high-performance stepper motor drives ICs
- Increasing trend of miniaturization across various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Stepper Motor Drive IC Market Research Report
By Type
Below 12V, 12V – 24V, 24V – 48V, Above 48V
By Application
Consumer Electronics, Electric Tools, Office Supplies, IT and Communication Equipment, Industry and Automotive, Others
By Companies
Texas Instruments, STMicroelectronics, ON Semiconductor, Infineon Technologies, ROHM Semiconductor, Allegro MicroSystems, Toshiba, Panasonic, NXP Semiconductors, Maxim Integrated
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Stepper Motor Drive IC Market Report Segments:
The global Stepper Motor Drive IC market is segmented on the basis of:
Types
Below 12V, 12V – 24V, 24V – 48V, Above 48V
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Electric Tools, Office Supplies, IT and Communication Equipment, Industry and Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Texas Instruments
- STMicroelectronics
- ON Semiconductor
- Infineon Technologies
- ROHM Semiconductor
- Allegro MicroSystems
- Toshiba
- Panasonic
- NXP Semiconductors
- Maxim Integrated
Highlights of The Stepper Motor Drive IC Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 12V
- 12V – 24V
- 24V – 48V
- Above 48V
- By Application:
- Consumer Electronics
- Electric Tools
- Office Supplies
- IT and Communication Equipment
- Industry and Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Stepper Motor Drive IC Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Stepper Motor Drive IC is an integrated circuit that controls the speed and direction of stepper motors. It can be used to move objects in a precise, controlled manner.
Some of the major companies in the stepper motor drive ic market are Texas Instruments, STMicroelectronics, ON Semiconductor, Infineon Technologies, ROHM Semiconductor, Allegro MicroSystems, Toshiba, Panasonic, NXP Semiconductors, Maxim Integrated.
The stepper motor drive ic market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Stepper Motor Drive IC Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Stepper Motor Drive IC Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Stepper Motor Drive IC Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Stepper Motor Drive IC Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Stepper Motor Drive IC Market Size & Forecast, 2018-2028
4.5.1 Stepper Motor Drive IC Market Size and Y-o-Y Growth
4.5.2 Stepper Motor Drive IC Market Absolute $ Opportunity
Chapter 5 Global Stepper Motor Drive IC Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Stepper Motor Drive IC Market Size Forecast by Type
5.2.1 Below 12V
5.2.2 12V – 24V
5.2.3 24V – 48V
5.2.4 Above 48V
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Stepper Motor Drive IC Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Stepper Motor Drive IC Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Electric Tools
6.2.3 Office Supplies
6.2.4 IT and Communication Equipment
6.2.5 Industry and Automotive
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Stepper Motor Drive IC Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Stepper Motor Drive IC Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Stepper Motor Drive IC Analysis and Forecast
9.1 Introduction
9.2 North America Stepper Motor Drive IC Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Stepper Motor Drive IC Market Size Forecast by Type
9.6.1 Below 12V
9.6.2 12V – 24V
9.6.3 24V – 48V
9.6.4 Above 48V
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Stepper Motor Drive IC Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Electric Tools
9.10.3 Office Supplies
9.10.4 IT and Communication Equipment
9.10.5 Industry and Automotive
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Stepper Motor Drive IC Analysis and Forecast
10.1 Introduction
10.2 Europe Stepper Motor Drive IC Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Stepper Motor Drive IC Market Size Forecast by Type
10.6.1 Below 12V
10.6.2 12V – 24V
10.6.3 24V – 48V
10.6.4 Above 48V
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Stepper Motor Drive IC Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Electric Tools
10.10.3 Office Supplies
10.10.4 IT and Communication Equipment
10.10.5 Industry and Automotive
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Stepper Motor Drive IC Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Stepper Motor Drive IC Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Stepper Motor Drive IC Market Size Forecast by Type
11.6.1 Below 12V
11.6.2 12V – 24V
11.6.3 24V – 48V
11.6.4 Above 48V
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Stepper Motor Drive IC Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Electric Tools
11.10.3 Office Supplies
11.10.4 IT and Communication Equipment
11.10.5 Industry and Automotive
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Stepper Motor Drive IC Analysis and Forecast
12.1 Introduction
12.2 Latin America Stepper Motor Drive IC Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Stepper Motor Drive IC Market Size Forecast by Type
12.6.1 Below 12V
12.6.2 12V – 24V
12.6.3 24V – 48V
12.6.4 Above 48V
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Stepper Motor Drive IC Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Electric Tools
12.10.3 Office Supplies
12.10.4 IT and Communication Equipment
12.10.5 Industry and Automotive
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Stepper Motor Drive IC Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Stepper Motor Drive IC Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Stepper Motor Drive IC Market Size Forecast by Type
13.6.1 Below 12V
13.6.2 12V – 24V
13.6.3 24V – 48V
13.6.4 Above 48V
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Stepper Motor Drive IC Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Electric Tools
13.10.3 Office Supplies
13.10.4 IT and Communication Equipment
13.10.5 Industry and Automotive
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Stepper Motor Drive IC Market: Competitive Dashboard
14.2 Global Stepper Motor Drive IC Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Texas Instruments
14.3.2 STMicroelectronics
14.3.3 ON Semiconductor
14.3.4 Infineon Technologies
14.3.5 ROHM Semiconductor
14.3.6 Allegro MicroSystems
14.3.7 Toshiba
14.3.8 Panasonic
14.3.9 NXP Semiconductors
14.3.10 Maxim Integrated
