According to a new market report published by Lucintel, the future of the global gate driver IC market looks promising with opportunities in the industrial, consumer electronics, communication, computer, and automotive industries. The global gate driver IC market is expected to reach an estimated $1.8 billion by 2025 with a CAGR of 5.8% from 2020 to 2025. The major drivers for this market are growth in smart home and smart grid technology, rapid electrification of automobiles, and growing need of high voltage devices.
In this market, MOSFET (metal oxide semiconductor field effect transistor) and IGBT (insulated gate bipolar transistor) are the two types of gate driver IC used. MOSFET will remain largest segment in the global gate driver IC market. IGBT segment is expected to witness the highest growth during the forecast period. It is the latest technology to deliver high functionality and quality, which incorporate advanced system safety and protection features commonly found in medium- and high-voltage applications.
Within this market, industrial application will remain the largest end use industry during the forecast period. Automotive application will witnesses the highest growth over the forecast period due to growth of electric vehicles.
Asia-Pacific will remain the largest region and it is also expected to be the fastest growing regional segment in the near future, with the highest growth. Increasing adaption of smart grid technologies and growing usage of high-voltage operating devices in China is expected to drive the market
Emerging trends, which have a direct impact on the dynamics of the industry, include the emergence of smart gate driver IC and integration of IGBT drive and protection functions. Infineon Technologies AG, Mitsubishi Electric Corporation, NXP Semiconductor, ON Semiconductor, Rohm Semiconductors, Renesas Electronics, STMicroelectronics, Semtech Corporation, Texas Instruments, Toshiba Corporation are among the major gate driver IC providers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global gate driver IC market by product type, by material, by application and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Gate Driver IC Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global gate driver IC market by product type, by material, by application, and the region as follows:
By Product Type [$M shipment analysis from 2014 to 2025]:
• MOSFET
• IGBT
By Material [$M shipment analysis from 2014 to 2025]:
• SiC
• GaN
By Application [$M shipment analysis from 2014 to 2025]:
• Industrial
• Consumer Electronics
• Communication
• Computers
• Automotive
By Region [$M shipment analysis for 2014 – 2025]:
• North America
o United States
o Canada
o Mexico
• Europe
o United Kingdom
o Germany
o France
• Asia Pacific
o Japan
o China
• The Rest of the World
This 129-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Telecommunication Report, Telecommunication Market Report, Market Research Report, Capital Investment Feasibility and SWOT Analysis.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global gate driver IC by product type (MOSFET, IGBT), by material (SiC, GaN), by application (Industrial, consumer electronics, communication, computers, automotive) and by 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 regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some 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 being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?