Pune, 24, Nov 2022: Maximize Market Research, a leading Electronics consulting firm, has prepared a report on the global Gate Driver IC Market The report on the Gate Driver IC Market provides market status, trends, COVID-19 impact, market size and growth, key segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and market strategies. The Gate Driver IC Market was valued at USD 1.26 billion in 2021, and it is expected to reach USD 1.90 billion by 2029, at a CAGR of 5.3% during the forecast period, according to MMR analysis.
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Gate Driver IC Market Scope and Research Methodology
The global Gate Driver IC Market report contains information on Market dynamics such as drivers, constraints, opportunities, trends, and challenges. Regional trend analysis and industry statistics are also presented in the report and the report is expected to be a key data source for market entrants and followers in developing pricing and marketing strategies to manage their operations. The Gate Driver IC Market research report is a comprehensive investigation of important trends and current market dynamics in the Gate Driver IC Industry, supporting customers in discovering business opportunities and developing market strategies.
Transistor Type, Semiconductor Materials, Application, Mode Of Attachment, and Region are the major market segments. The report further examines the advanced products and satisfying services offered by leading players, revenue growth, economic position in the global market, investment strategy, growth strategy, and geographical presence. Recent acquisitions and mergers, as well as corporate strategic orientations and information on cooperative alliances, paint a realistic picture of the competitive environment in the Gate Driver IC Market.
To estimate the market size, the bottom-up technique has been applied. The primary and secondary data sources are significantly used in the research report. Government spending, industry trends, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and the technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges, are all investigated during the research process. To produce the final quantitative and qualitative data, all possible components impacting the markets covered in this research study were investigated, thoroughly researched, validated through primary research, and analyzed.
To estimate the market size, the bottom-up technique has been applied. The primary and secondary data sources are significantly used in the research report. Government spending, industry trends, competitive landscape, historical data, current market trends, technological innovation, upcoming technologies, and the technical progress in related industries, as well as market risks, opportunities, market barriers, and challenges, are all investigated during the research process. To produce the final quantitative and qualitative data, all possible components impacting the markets covered in this research study were investigated, thoroughly researched, validated through primary research, and analyzed.
Gate Driver IC Market Overview
Gate Driver IC is an integrated circuit chip that regulates power dissipation, current flow, and heat flow in high-power transistor gates, such as MOSFET gate driver IC and IGBT gate driver IC, and initiates smooth switching operations. In switching applications, gatekeeper MOSFETs are often utilized. A MOSFET/isolated IGBT’s gate electrode produces a capacitor (gate capacitor) that must be charged or discharged each time the transistor is switched on or off. Because each transistor requires a certain gate voltage to turn on, the gate capacitor must be charged to that voltage or higher for the transistor to turn on. This voltage is controlled by its driver IC. During the forecast period, the gate driver IC market is estimated to grow at a CAGR of around 5%.
Gate Driver IC Market Dynamics
The high Smart Home and Smart Grid Technology adoption is expected to be the key growth driver for the gate driver IC market. Cities have been pushed to enhance their infrastructure in order to enable seamless integration of renewable energies and dependable grids, and so maintain a decent quality of life for city people as a result of urbanization, climate change, and population movement. Additionally, as technology advances, electronic systems become more adaptable to new developments. Home appliances and other electronic gadgets, particularly in-home security systems like automated door locks, smart plugs, and lighting, are intended to connect with consumers over the internet.
As a result, the adoption of smart home and smart grid technologies has the potential to boost sales of gate driver integrated circuits. Electronic devices used in smart grids and smart homes to ensure power users need the use of gate driver ICs to minimize energy consumption, which has a positive impact on the gate driver IC and its demand, hence driving the gate driver IC market growth.
Increasing the Use of New Materials to Integrate drivers of the market growth during the forecast period. New materials like SiC and GaN can improve the level of integration. Both SiC and GaN devices have been under development for quite some time. To recover costs and optimize revenues, businesses are turning their attention away from components and toward system-level solutions. Other firms that have typically avoided investing in these two materials might benefit from other companies’ product portfolios and knowledge.
Gate Driver IC Market Segmentation
By Transistor Type
- MOSFET
- IGBT
By Semiconductor Materials
- SiC
- Si
- GAN
By Application
- Commercial
- Industrial
- Residential
By Mode Of Attachment
- On Transistor
- Discrete
Gate Driver IC Market Regional Insights
With a 38% market share, Asia Pacific dominates the global Gate Driver IC market in 2021. Factors contributing to the region’s growth include increased semiconductor penetration in the consumer electronics and automobile sectors. Additionally, as players broaden their portfolios to strengthen their regional footprint, semiconductor manufacturing trends have changed toward IoT and 5G communications services. China is the hottest market, accounting for 56% of all cases and configurations for a wide range of items in the area.
Additionally, COVID-19 has disrupted the IoT marketplaces in China, India, and Japan, producing substantial delays that have harmed IoT investment across all industries and use cases in early 2020. Consumers expect the market to revive in the coming years as businesses recognize the relevance of IoT in disease prevention and control, as well as their potential to minimize market disruptions. Additionally, as China accounts for almost half of global exports, the trade war between the United States and China is restricting market growth and is expected to disrupt global supply chains.
Gate Driver IC Market Key Competitors:
- INFINEON TECHNOLOGIES AG
- MITSUBISHI Electric Corporation
- NXP Semiconductors
- ON Semiconductors
- ROHM Semiconductors
- RENESAS Electronics
- ST Microelectronics
- SEMTECH CORPORATION
- TEXAS INSTRUMENTS
- TOSHIBA CORPORATION
- Dialog Semiconductors PLC
- Microchip Corporation
- Mouser Electronics
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Key questions answered in the Gate Driver IC Market are:
- What are Gate Driver ICs?
- What is the growth rate of the Gate Driver IC Market over the forwecast period?
- What is the nature of competition in the Gate Driver IC industry in developed economies and developing economies?
- Who are the key players in the Gate Driver IC Market?
- Who are the market leaders in Gate Driver IC in Europe?
- Who are the market leaders in Gate Driver IC in USA and Canada?
- Who are the market leaders in Gate Driver IC in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Gate Driver IC Market?
- Who held the largest market share in the Gate Driver IC Market?
- What are the factors for the growth of the Asia-Pacific region in the Gate Driver IC Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Transistor Type, Semiconductor Materials, Application, Mode of Attachment, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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