How is the Gate Driver Integrated Circuit (IC) Market Poised for Growth: Trends and Opportunities Through 2034
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What key factors are powering the surge in the gate driver integrated circuit (ic) market right now?
The gate driver integrated circuit (IC) market has seen significant growth in recent years. It will grow from $1.51 billion in 2024 to $1.6 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.3%. The growth is attributed to the increasing need for power efficiency, industrial automation, growth in renewable energy sources, the expansion of electric vehicles, and the rapid electrification of automobiles.
How fast Is the gate driver integrated circuit (ic) market expected to grow, and what’s its future value?
The gate driver integrated circuit (IC) market is expected to reach $2.02 billion by 2029, growing at a CAGR of 6.0%. The growth is driven by the development of smart grids, IoT expansion, energy storage systems, healthcare technology advancements, and the growth of aerospace and defense applications. Key trends will include renewable energy integration, advancements in power electronics, miniaturization, efficiency, and technological advancements in the market.
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What are the leading drivers of growth in the gate driver integrated circuit (ic) market?
The growing adoption of electric vehicles (EVs) is expected to boost the gate driver integrated circuit (IC) market. EV adoption is accelerating thanks to advances in battery technology, government incentives, and expanded charging infrastructure. Gate driver ICs are used to manage power transistors in EVs, ensuring efficient control of electric motors and battery systems. According to the International Energy Agency, global EV registrations reached nearly 14 million in 2023, a 35% increase from the previous year. This growth is propelling the gate driver IC market.
What are the key segments defining the gate driver integrated circuit (ic) market?
The gate driver integrated circuit (IC) market covered in this report is segmented –
1) By Type: Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET), Insulated-Gate Bipolar Transistor (IGBT)
2) By Semiconductor Material: Silicon (Si), Silicon Carbide (SiC), Gallium Nitride (GaN)
3) By Mode Of Attachment: On-Chip, Discrete
4) By Isolation Technique: Magnetic Isolation, Capacitive Isolation, Optical Isolation
5) By Application: Residential, Industrial, Commercial
Subsegments:
1) By Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET): Low Voltage Mosfet Gate Drivers, High Voltage Mosfet Gate Drivers, Single-Channel Mosfet Gate Drivers, Dual-Channel Mosfet Gate Drivers, Integrated Mosfet Gate Drivers With Protection Features
2) By Insulated-gate Bipolar Transistor (IGBT): Low Power Igbt Gate Drivers, High Power Igbt Gate Drivers, Igbt Drivers With Short Circuit Protection, Igbt Drivers With Overcurrent Protection, Integrated Igbt Gate Drivers For Motor Drives
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Who are the key players steering the development of the gate driver integrated circuit (ic) market?
Major companies operating in the gate driver integrated circuit (IC) market are Mitsubishi Electric Corporation, Broadcom Inc., Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology Incorporated, Rohm Semiconductor, Vishay Intertechnology, Maxim Integrated, Littelfuse Inc., Diodes Incorporated, Silicon Laboratories, Allegro MicroSystems, Semtech, Power Integrations, IXYS Corporation, Dialog Semiconductor
What emerging trends are influencing the growth of the gate driver integrated circuit (ic) market?
In the gate driver IC market, companies are introducing products with embedded microcontrollers to enhance sensorless control of three-phase brushless DC motors. For instance, in March 2024, Toshiba launched the SmartMCD Series of gate driver ICs with an embedded microcontroller for automotive applications. The series is designed for motor control in water pumps, fans, and blowers, offering sensorless control in a wide range of automotive systems.
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Which regions are most influential in expanding the gate driver integrated circuit (ic) market?
Asia-Pacific was the largest region in the gate driver integrated circuit (IC) market in 2023. The regions covered in the gate driver integrated circuit (IC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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