Fan Driver ICs Market is segmented by Fan Type (Brushed DC Motor, Brushless DC Motor, Stepper Motor); by Material (Silicon, Silicon Carbide, Gallium Arsenide); by Technology (MOSFET, IGBT); by Voltage Range (3V – 5V, 5V – 24V, 24V – 48V, 48V – 240V, More than 240V); by End-Use Industry (Automotive, Consumer Electronics, Industrial, Healthcare, Others); by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Fan Driver ICs Market Overview
The integrated circuits or ICs that are used as drivers for controlling a fan is known as fan driver IC. The electronic device has been designed especially to drive and control the operation of a fan. Growing application of fan in various industrial equipment is one of the major factors anticipated to drive the market growth of fan driver ICs. Allegro MicroSystems, Inc., Infineon Technologies AG, and Maxim Integrated are some of the significant parties in the market for fan driver ICs.
The global fan driver ICs market was valued at USD 4.1 billion in 2023. The market is expected to expand at a CAGR of 5.6% from 2023-2032, and is expected to cross value of USD 7.1 billion by the end of 2032.
Fan Driver ICs Market Drivers
Some key drivers for the fan driver ICs market are:
- Growing Sales of Industrial Equipment: The rise in the sales of industrial equipment globally is one of the major factors predicted to drive the demand for fan drivers, and hence, the demand for fan driver ICs.
- Expanding Semiconductor Industry Globally: The ever-expanding semiconductor industry around the globe is also poised to create numerous opportunities for market growth in the coming years.
- Rising Need for Effective Cooling Solutions in Data Centers: With the increasing number of data centers, the need for effective cooling solutions is also on the rise, thereby raising the demand for fan driver ICs.
- Increasing Use of Fan Driver ICs in Automobile Industry: Backed by the growing automobile industry and the rising production of electric vehicles worldwide, the demand for fan driver ICs is also poised to increase.
- Boosting Sales of High-End Desktop Computers: With the growing trend of desktop gaming and other heavy use computer applications, the demand for high-end desktop computers is on the rise, thereby raising the need for fan driver ICs.
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Fan Driver ICs Market Challenges
Some challenges facing the fan driver ICs market are:
- Concerns for Production of Heat: Fan driver ICs are known for producing excessive heat as a result of which the efficiency of the ICs are hampered. Such a factor is hence projected to lower down the demand for fan driver ICs.
- High Cost of Fan Driver ICs: The high cost of fan driver ICs is also known to be one of the major factors that would hinder the market growth.
- Availability of Low Cost Alternatives: The availability of low cost alternatives is also poised to pull backwards the market growth of fan driver ICs.
Fan Driver ICs Market Segmentation
Segmentation of fan driver ICs market are:
- By Fan Type
- Brushed DC Motor
- Brushless DC Motor
- Stepper Motor
- By Material
- Silicon
- Silicon Carbide
- Gallium Arsenide
- By Technology
- MOSFET
- IGBT
- By Voltage Range
- 3V – 5V
- 5V – 24V
- 24V – 48V
- 48V – 240V
- More than 240V
- By End-Use Industry
- Automotive
- Consumer Electronics
- Industrial
- Healthcare
- Others
- By Region
- North America (U.S., and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Russia, Rest of Europe)
- Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
- Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
- Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Fan Driver ICs Market: Report Scope |
|
|
Base Year Market Size |
USD 4.1 Billion |
|
Forecast Year Market Size |
USD 7.1 Billion |
|
CAGR Value |
5.6% |
|
Segmentation |
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|
Challenges |
|
|
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Timeline considered for all these studies will be:
2023 – Base Year
2023 – Estimated Year
2023-2032 – Forecast Period
Fan Driver ICs Market Regional Synopsis
The Asia Pacific fan driver ICs market is projected to grab the largest market share during the forecast period, backed by the presence of a strong semiconductor industry in the region, especially in countries, such as China, Taiwan, Japan, and India among others.
Further, the market in North America is poised to hold majority of the market share owing to the increasing awareness for these ICs amongst the end users, along with the growing research and development for building efficient cooling solutions for use in different industries.
Fan Driver ICs Market Key Players
Some key players in the fan driver ICs market are:
- Allegro MicroSystems, Inc.
- Infineon Technologies AG
- Maxim Integrated
- Microchip Technology Inc.
- NXP Semiconductors
- Panasonic Corporation
- Rockwell Automation, Inc.
- STMicroelectronics
- Texas Instruments Inc.
- Toshiba Corporation
- Dialog Semiconductor
- Power Integrations
- Powerchip Semiconductor Manufacturing Corp.
- ROHM Semiconductor
- Diodes Incorporated
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- Publication date: 15th February 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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