Rise in adoption of smart home and smart grid technologies and need for high voltage devices drive the growth of the global gate driver IC market. However, design complexities involved with gate driver ICs hinder the market growth. On the other hand, increase in power transistors in various renewable energy system and rapid electrification of automobiles present new opportunities in the coming years.
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According to the report published by Allied Market Research, titled “Gate Driver IC Market by Transistor Type (MOSFET and IGBT), Semiconductor Material (Si, SiC, and GaN), Mode of Attachment (On Transistor and Discrete), Isolation Technique (Magnetic Isolation, Capacitive Isolation, and Optical Isolation), and Application (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 2020-2030“,the global gate driver IC market garnered $1.2 billion in 2020, and is expected to generate $1.88 billion by 2030, registering a CAGR of 5.0% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top investment pockets, regional landscape, major segments, value chain, and competitive scenario.
The demand from applications sectors such as residential, commercial, and others decreased significantly due to stoppage of new construction and maintenance activities during the lockdown. However, the demand would regain during the post-lockdown.
Market players have been carrying out assessment of their business strategies to ensure business continuity and adopting quick response strategies for recovering the supply chain and conduct seamless distribution.
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The report offers detailed segmentation of the global gate driver IC market based on transistor type, semiconductor material, mode of attachment, isolation technique, application, and region.
Based on transistor type, the MOSFET segment accounted for the largest market share in 2020, holding nearly two-thirds of the total share, and is expected to maintain its leadership status during the forecast period. However, the IGBT segment is estimated to register the fastest CAGR of 6.1% from 2021 to 2030.
Based on application, the industrial segment contributed to the highest market share in 2020, accounting for nearly half of the global gate driver IC market, and is projected to continue its lead in terms of revenue during the forecast period. However, the commercial segment is estimated to witness the highest CAGR of 6.7% from 2021 to 2030.
Based on region, Asia-Pacific held the largest share in 2020, accounting for more than half of the total share, and is estimated to continue its dominance in terms of revenue by 2030. Moreover, this region is projected to portray the largest CAGR of 5.8% during the forecast period. The research also analyzes regions including North America, Europe, and LAMEA.
Leading players of the global gate driver IC market analyzed in the research include Infineon Technologies, Renesas Electronics, NXP Semiconductors, Toshiba, STMicroelectronics, ROHM Semiconductors, Texas Instrument, ON Semiconductor, Mitsubishi Electric Corporation, and Semtech.
Gate Driver IC Market Report Highlights
| Aspects | Details |
|---|---|
| By Transistor Type | MOSFETIGBT |
| By Semiconductor Material | SiCGaN |
| By Mode Of Attachment | On-chipDiscrete |
| By Isolation Technique | Magnetic IsolationCapacitive IsolationOptical Isolation |
| By Application | ResidentialIndustrialCommercial |
| By Region | North America (U.S., Canada, Mexico)Europe (UK, Germany, France, Rest of Europe)Asia-Pacific (China, Japan, South Korea, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa) |