The Global Gate Driver ICs Market size is expected to reach $2.2 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 826.2 million units, experiencing a growth of 10.8% (2019-2022).
The Asia-Pacific region is a global manufacturing hub, with countries like China, Japan, and South Korea leading in electronics, semiconductor production, and industrial automation. Therefore, the Asia Pacific region captured $622.2 million revenue in the market in 2022. Gate driver ICs are essential components in industrial motor drives, robotics, machine tools, and factory automation systems, driving demand in the industrial sector.
The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, In November, 2023, Mitsubishi Electric Corporation formed a partnership with ModuleWorks GmbH. Under this partnership, the companies achieved technological development and digital transformation. Additionally, In June, 2023, Infineon Technologies AG entered into a partnership with Kontrol Technologies Corp. Through this partnership, autonomous driving technology enhanced to develop an algorithm-based solution which controls the legal controls and the boundary settings for vehicles.
Growing awareness of environmental issues and the need to reduce energy consumption drive the demand for energy-efficient devices. Consumers, businesses, and governments prioritize energy efficiency to minimize carbon emissions and mitigate climate change. Hence, rising demand for energy-efficient devices is propelling the market's growth.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.
The Asia-Pacific region is a global manufacturing hub, with countries like China, Japan, and South Korea leading in electronics, semiconductor production, and industrial automation. Therefore, the Asia Pacific region captured $622.2 million revenue in the market in 2022. Gate driver ICs are essential components in industrial motor drives, robotics, machine tools, and factory automation systems, driving demand in the industrial sector.
The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, In November, 2023, Mitsubishi Electric Corporation formed a partnership with ModuleWorks GmbH. Under this partnership, the companies achieved technological development and digital transformation. Additionally, In June, 2023, Infineon Technologies AG entered into a partnership with Kontrol Technologies Corp. Through this partnership, autonomous driving technology enhanced to develop an algorithm-based solution which controls the legal controls and the boundary settings for vehicles.
Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the Cardinal Matrix; Infineon Technologies AG and STMicroelectronics N.V. are the forerunners in the market. In June, 2023, STMicroelectronics signed an agreement with Sanan Optoelectronics. Through this agreement, the companies would be releasing a 200mm silicon carbide device in Chongqing, China. The company’s' aim to support the demand for car electrification, industrial power and energy applications. Companies such as NXP Semiconductors N.V., Microchip Technology Incorporated, Renesas Electronics Corporation are some of the key innovators in the market.
Market Growth Factors
A key driver behind this expansion is the adoption of Industry 4.0 principles and smart manufacturing strategies. As these initiatives continue to evolve and expand globally, their demand is expected to further increase to support the growing needs of modern manufacturing.Growing awareness of environmental issues and the need to reduce energy consumption drive the demand for energy-efficient devices. Consumers, businesses, and governments prioritize energy efficiency to minimize carbon emissions and mitigate climate change. Hence, rising demand for energy-efficient devices is propelling the market's growth.
Market Restraining Factors
Developing gate driver ICs requires substantial investment in research and development to design and test prototypes. Semiconductor companies allocate significant resources to R&D activities, including hiring skilled engineers, acquiring specialized equipment, and conducting feasibility studies, contributing to high development costs. Therefore, the high development costs are impeding the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.
By Transistor Analysis
Based on transistor type, the market is bifurcated into MOSFET and IGBT. The IGBT segment attained 29.9% revenue share in the market in 2022. IGBTs are known for their high-power handling capability, making them suitable for high-power applications such as motor drives, inverters, converters, and industrial automation systems. Gate driver ICs designed for IGBTs enable efficient and reliable power switching in these demanding applications.By Semiconductor Material Analysis
On the basis of semiconductor material, the market is segmented into SiC and GaN. The SiC segment recorded 75.8% revenue share in the market in 2022. SiC offers higher breakdown voltages compared to traditional silicon-based materials. This property allows SiC devices to handle higher voltages, making them suitable for high-power applications such as electric vehicles, renewable energy systems, and industrial motor drives.
By Mode of Attachment Analysis
Based on mode of attachment, the market is categorized into on-chip and discrete. The discrete segment witnessed 39.5% revenue share in the market in 2022. Designers can tailor discrete solutions to specific application requirements, such as voltage ratings, current handling capabilities, and thermal management, without being constrained by the limitations of integrated ICs.By Application Analysis
Based on application, the market is divided into industrial, commercial, and residential. The residential segment acquired 20.3% revenue share in the market in 2022. They facilitate efficient motor control, power conversion, and voltage regulation, improving energy efficiency and performance in residential appliances.By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 27.9% revenue share in the market in 2022. North America is witnessing a significant rise in the adoption of electric vehicles, driven by government incentives, environmental regulations, and growing consumer awareness of sustainable transportation solutions.Recent Strategies Deployed in the Market
- Nov-2023: Mitsubishi Electric Corporation formed a partnership with ModuleWorks GmbH, a leading software component provider for the CAD/CAM industry. Under this partnership, the companies achieved technological development and digital transformation. Additionally, the partnership helped in providing convenient solutions to the customers.
- Jun-2023: STMicroelectronics N.V. signed an agreement with Sanan Optoelectronics, a compound semiconductor company. Through this agreement, the companies would be releasing a 200mm silicon carbide device in Chongqing, China. The company’s' aim to support the demand for car electrification, industrial power and energy applications.
- Jun-2023: Infineon Technologies AG entered into a partnership with Kontrol Technologies Corp., a leader in smart energy solutions. Through this partnership, autonomous driving technology enhanced to develop an algorithm-based solution which controls the legal controls and the boundary settings for vehicles.
- Oct-2022: Renesas Electronics Corporation completed the acquisition of Steradian Semiconductors Private Limited, a fabless semiconductor company providing 4D imaging radar solutions. Through this acquisition, the leading-edge radar technology and engineering talent of Steradian were integrated with the sensing solution offerings of Renesas to offer a wide variety of applications.
- Sep-2022: Rohm Co., Ltd. partnered with SemiDrive Technology, a leading automotive-grade chip vendor in China, for advanced technology development in the automotive field. The initial outcome of this endeavour is the availability of SemiDrive's automotive SoC (X9 series) solution board, which includes ROHM's PMIC. Through this partnership, both companies sustained their contributions to automotive technological advancements by partnering across a wide range of domains.
List of Key Companies Profiled
- Infineon Technologies AG
- Mitsubishi Electric Corporation
- NXP Semiconductors N.V.
- Rohm Co., Ltd.
- STMicroelectronics N.V.
- Toshiba Corporation
- Semtech Corporation
- Microchip Technology Incorporated
- ON Semiconductor Corporation
- Renesas Electronics Corporation
Market Report Segmentation
By Transistor Type (Volume, Million Units, USD Billion, 2019-2030)- MOSFET
- IGBT
- SiC
- GaN
- On-chip
- Discrete
- Industrial
- Commercial
- Residential
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Taiwan
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Gate Driver ICs Market, By Transistor Type
Chapter 6. Global Gate Driver ICs Market, By Semiconductor Material
Chapter 7. Global Gate Driver ICs Market, By Mode of Attachment
Chapter 8. Global Gate Driver ICs Market, By Application
Chapter 9. Global Gate Driver ICs Market, By Region
Chapter 10. Company Profiles
Companies Mentioned
- Infineon Technologies AG
- Mitsubishi Electric Corporation
- NXP Semiconductors N.V.
- Rohm Co., Ltd.
- STMicroelectronics N.V.
- Toshiba Corporation
- Semtech Corporation
- Microchip Technology Incorporated
- ON Semiconductor Corporation
- Renesas Electronics Corporation
Methodology
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