As per a new research report by Maximize Market Research, the APAC market for Motor Driver ICs is expected to surpass $xx million by the year 2026, from US $xx million in 2019.
The Covid-19 has adversely affected as domestic demand and exports sharply plummeted but in healthcare industry high growth was observed, the region is observed to pick up a quick pace for registering a CAGR of more than xx%, during the tenure of 2020 – 2026.
The Motor Driver ICs market in the Asia Pacific is showing a Northward trend followed by North America. The market growth is attributed is accelerated by the rising adoption of advanced technology besides, key manufacturers operating in this market are investing more in R & D to have competitive advantages. For instance, total foreign direct investment in the U.S. automotive industry reached $114.6 billion in 2018 and it is expected to grow at the value of USD$ XX billion by 2026.
The study is consolidated on the basis of three major segments, End-use Industry (Healthcare, Aerospace, Automotive, Electronics & Semiconductor and Other application), Output Channel (Brushed DC Motor, Brushless DC Motor, Stepper Motor), Applications (Robotics, Printers, Scanners, HVAC Blowers, Gaming Machines and Others Application) and to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year.
Based on application, in 2019, the global robotics segment was xx% and it is estimated to reach USD$ XX Mn by 2026. The robotics market is estimated to grow at a CAGR of 20.4% during the forecast period (2020-2026). The market growth is attributed to technological innovations, interaction, concerning manipulation and cognition, have made robotics more appealing.
The report published by Maximize, along with various market dynamics, which could affect the market growth of Motor Driver ICs market in the region, the Value – Chain analysis, and the PORTER’s analysis for the white goods market at a global level.
Global Motor Driver ICs Market competitive Landscape:
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Motor Driver ICs Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Motor Driver ICs Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Motor Driver ICs Market positioning of competitors.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Motor Driver ICs Market”
https://www.maximizemarketresearch.com/market-report/global-motor-driver-ics-market/86789/
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