CICC(601995) 证券时报网·2025-01-16 01:15Core Viewpoint - The company is a leading chip design firm specializing in BLDC motor drive control chips, establishing a strong market position in the industry [1][2]. Company Overview - The company focuses on three core technology areas: chip design, motor drive architecture algorithms, and motor technology [2]. - It is the first Chinese company to have a triple technology team in the motor drive control chip sector [2]. - The company adopts a fabless model, outsourcing wafer manufacturing and chip packaging to trusted third-party partners [2]. Product Offering - The main products include MCU/ASIC, HVIC, MOSFET, and IPM, which are core components of typical BLDC motor drive control systems [2]. - The products are widely used in various downstream sectors, including smart home appliances, white goods, power tools, sports mobility, industrial applications, and automotive applications [2]. Market Dynamics - The global BLDC motor drive control products market grew from 34.2 billion in 2019 to 78.3 billion in 2023, with a compound annual growth rate (CAGR) of 23.0% [3]. - The Chinese BLDC motor drive control products market increased from 8.6 billion in 2019 to 25.3 billion in 2023, with a CAGR of 30.8% [3]. - The market is projected to reach 33.1 billion in 2024 and further grow to 80.8 billion by 2028, with a CAGR of 25.0% [3]. Market Share - As of December 31, 2023, the company holds a 4.8% market share in China's BLDC motor control and drive chip market, ranking sixth [1]. - The company is the only Chinese firm among the top ten players in this market [1]. Industry Growth - The global BLDC motor control and drive chip market grew from 12.9 billion in 2019 to 26.3 billion in 2023, with a CAGR of 19.4% [4]. - The Chinese market for BLDC motor control and drive chips increased from 3.2 billion in 2019 to 7.7 billion in 2023, with a CAGR of 24.8% [4].