Global Automotive Motor Driver Market Is Anticipated To Grow At A Cagr Of 7.8% During 2024 To 2030

By Author: Lucintel LLC
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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 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.
Some of the key questions answered in this exclusive report are:
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?
Market Segmentation:
In this market, low voltage and high voltage are the major segments of automotive motor driver market by voltage. Lucintel 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.
Robert Bosch, NXP Semiconductors, Infineon Technologies, Texas Instruments, STMicroelectronics, Renesas Electronics, Toshiba, Mitsubishi Electric, ON Semiconductor, and Maxim Integrated Products are the major suppliers in the automotive motor driver market."
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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