This Gate Driver Integrated Circuit (IC) market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
The gate driver integrated circuits (ICs) market size has grown strongly in recent years. It will grow from $1.42 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth during the historic period can be attributed to increasing power efficiency requirements, the rise of industrial automation, the growth of renewable energy sources, the expansion of electric vehicles, and the rapid electrification of automobiles.
The gate driver integrated circuits (ICs) market size is expected to see strong growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth during the forecast period can be attributed to smart grid development, the expansion of the Internet of Things (IoT), the growth of energy storage systems, advances in healthcare technology, and rising aerospace and defense applications. Major trends in this period include renewable energy integration, advancements in power electronics, miniaturization and efficiency improvements, the proliferation of consumer electronics, and ongoing technological advancements.
The growth of the gate driver integrated circuit (IC) market is anticipated to be driven by the increasing adoption of electric vehicles (EVs). This rise in EV adoption is supported by advancements in battery technology, favorable government policies, increased environmental awareness, and the expansion of charging infrastructure. Gate driver integrated circuits are crucial in electric vehicles as they control the power transistors within the vehicle's power electronics, enabling efficient and precise management of electric motor operations and battery systems. For example, in April 2024, the International Energy Agency, a France-based autonomous organization, reported that nearly 14 million new electric cars were registered globally in 2023. This brings the total number of electric cars to 40 million, marking a 35% year-on-year increase with 3.5 million more sales compared to 2022. As a result, the growing adoption of EVs is fueling the expansion of the gate driver integrated circuit market.
Leading companies in the gate driver integrated circuit market are focusing on developing advanced products, such as gate driver ICs with embedded microcontrollers, to provide sensorless control of three-phase brushless DC motors. These ICs combine gate-driving functions with a microcontroller unit, offering enhanced control and monitoring capabilities for power transistors in electronic systems. For instance, in March 2024, Toshiba Electronic Devices & Storage Corporation, a Japan-based electronics company, introduced the SmartMCD Series of gate driver ICs featuring an embedded microcontroller. The first product in this series, the TB9M003FG, is designed for sensorless control of motors used in automotive applications, including water and oil pumps, fans, and blowers.
In October 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturing company, acquired GaN Systems Inc. for $830 million. This acquisition integrates GaN Systems' extensive range of GaN-based power conversion solutions into Infineon's product offerings, expanding its portfolio to include a broader array of discrete and integrated power solutions, drivers, and controllers. GaN Systems Inc. is known for its development of GaN-based solutions for power conversion.
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.
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.
The countries covered in the gate driver integrated circuit (IC) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A gate driver integrated circuit (IC) is a semiconductor component that provides the necessary voltage and current to control the gate of power transistors, ensuring efficient and precise switching in electronic systems. These ICs are used to enhance the performance and reliability of power management by enabling effective control of high-power transistors.
The primary types of gate driver integrated circuits (ICs) are metal-oxide-semiconductor field-effect transistors (MOSFETs) and insulated-gate bipolar transistors (IGBTs). A MOSFET is a type of transistor used for amplifying or switching electronic signals, known for its high efficiency and low power consumption. It functions by varying the electrical conductivity of a channel between the source and drain terminals, controlled by a voltage applied to the gate terminal. The semiconductor materials used in these ICs include silicon (Si), silicon carbide (SiC), and gallium nitride (GaN). These ICs can be attached through various methods, such as in-chip and discrete, and utilize different isolation techniques, including magnetic isolation, capacitive isolation, and optical isolation. They are applied in residential, industrial, and commercial settings.
The gate driver integrated circuit (IC) market research report is one of a series of new reports that provides gate driver integrated circuit (IC) market statistics, including the gate driver integrated circuit (IC) industry's global market size, regional shares, competitors with a gate driver integrated circuit (IC) market share, detailed gate driver integrated circuit (IC) market segments, market trends and opportunities, and any further data you may need to thrive in the gate driver integrated circuit (IC) industry. This gate driver integrated circuit (IC) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The gate driver integrated circuit (IC) market consists of sales of half-bridge gate drivers, three-phase gate drivers, smart gate drivers, and optocoupler-based gate drivers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The gate driver integrated circuits (ICs) market size has grown strongly in recent years. It will grow from $1.42 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth during the historic period can be attributed to increasing power efficiency requirements, the rise of industrial automation, the growth of renewable energy sources, the expansion of electric vehicles, and the rapid electrification of automobiles.
The gate driver integrated circuits (ICs) market size is expected to see strong growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth during the forecast period can be attributed to smart grid development, the expansion of the Internet of Things (IoT), the growth of energy storage systems, advances in healthcare technology, and rising aerospace and defense applications. Major trends in this period include renewable energy integration, advancements in power electronics, miniaturization and efficiency improvements, the proliferation of consumer electronics, and ongoing technological advancements.
The growth of the gate driver integrated circuit (IC) market is anticipated to be driven by the increasing adoption of electric vehicles (EVs). This rise in EV adoption is supported by advancements in battery technology, favorable government policies, increased environmental awareness, and the expansion of charging infrastructure. Gate driver integrated circuits are crucial in electric vehicles as they control the power transistors within the vehicle's power electronics, enabling efficient and precise management of electric motor operations and battery systems. For example, in April 2024, the International Energy Agency, a France-based autonomous organization, reported that nearly 14 million new electric cars were registered globally in 2023. This brings the total number of electric cars to 40 million, marking a 35% year-on-year increase with 3.5 million more sales compared to 2022. As a result, the growing adoption of EVs is fueling the expansion of the gate driver integrated circuit market.
Leading companies in the gate driver integrated circuit market are focusing on developing advanced products, such as gate driver ICs with embedded microcontrollers, to provide sensorless control of three-phase brushless DC motors. These ICs combine gate-driving functions with a microcontroller unit, offering enhanced control and monitoring capabilities for power transistors in electronic systems. For instance, in March 2024, Toshiba Electronic Devices & Storage Corporation, a Japan-based electronics company, introduced the SmartMCD Series of gate driver ICs featuring an embedded microcontroller. The first product in this series, the TB9M003FG, is designed for sensorless control of motors used in automotive applications, including water and oil pumps, fans, and blowers.
In October 2023, Infineon Technologies AG, a Germany-based semiconductor manufacturing company, acquired GaN Systems Inc. for $830 million. This acquisition integrates GaN Systems' extensive range of GaN-based power conversion solutions into Infineon's product offerings, expanding its portfolio to include a broader array of discrete and integrated power solutions, drivers, and controllers. GaN Systems Inc. is known for its development of GaN-based solutions for power conversion.
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.
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.
The countries covered in the gate driver integrated circuit (IC) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A gate driver integrated circuit (IC) is a semiconductor component that provides the necessary voltage and current to control the gate of power transistors, ensuring efficient and precise switching in electronic systems. These ICs are used to enhance the performance and reliability of power management by enabling effective control of high-power transistors.
The primary types of gate driver integrated circuits (ICs) are metal-oxide-semiconductor field-effect transistors (MOSFETs) and insulated-gate bipolar transistors (IGBTs). A MOSFET is a type of transistor used for amplifying or switching electronic signals, known for its high efficiency and low power consumption. It functions by varying the electrical conductivity of a channel between the source and drain terminals, controlled by a voltage applied to the gate terminal. The semiconductor materials used in these ICs include silicon (Si), silicon carbide (SiC), and gallium nitride (GaN). These ICs can be attached through various methods, such as in-chip and discrete, and utilize different isolation techniques, including magnetic isolation, capacitive isolation, and optical isolation. They are applied in residential, industrial, and commercial settings.
The gate driver integrated circuit (IC) market research report is one of a series of new reports that provides gate driver integrated circuit (IC) market statistics, including the gate driver integrated circuit (IC) industry's global market size, regional shares, competitors with a gate driver integrated circuit (IC) market share, detailed gate driver integrated circuit (IC) market segments, market trends and opportunities, and any further data you may need to thrive in the gate driver integrated circuit (IC) industry. This gate driver integrated circuit (IC) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The gate driver integrated circuit (IC) market consists of sales of half-bridge gate drivers, three-phase gate drivers, smart gate drivers, and optocoupler-based gate drivers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Gate Driver Integrated Circuit (IC) Market Characteristics3. Gate Driver Integrated Circuit (IC) Market Trends and Strategies32. Global Gate Driver Integrated Circuit (IC) Market Competitive Benchmarking33. Global Gate Driver Integrated Circuit (IC) Market Competitive Dashboard34. Key Mergers and Acquisitions in The Gate Driver Integrated Circuit (IC) Market
4. Gate Driver Integrated Circuit (IC) Market - Macro Economic Scenario
5. Global Gate Driver Integrated Circuit (IC) Market Size and Growth
6. Gate Driver Integrated Circuit (IC) Market Segmentation
7. Gate Driver Integrated Circuit (IC) Market Regional and Country Analysis
8. Asia-Pacific Gate Driver Integrated Circuit (IC) Market
9. China Gate Driver Integrated Circuit (IC) Market
10. India Gate Driver Integrated Circuit (IC) Market
11. Japan Gate Driver Integrated Circuit (IC) Market
12. Australia Gate Driver Integrated Circuit (IC) Market
13. Indonesia Gate Driver Integrated Circuit (IC) Market
14. South Korea Gate Driver Integrated Circuit (IC) Market
15. Western Europe Gate Driver Integrated Circuit (IC) Market
16. UK Gate Driver Integrated Circuit (IC) Market
17. Germany Gate Driver Integrated Circuit (IC) Market
18. France Gate Driver Integrated Circuit (IC) Market
19. Italy Gate Driver Integrated Circuit (IC) Market
20. Spain Gate Driver Integrated Circuit (IC) Market
21. Eastern Europe Gate Driver Integrated Circuit (IC) Market
22. Russia Gate Driver Integrated Circuit (IC) Market
23. North America Gate Driver Integrated Circuit (IC) Market
24. USA Gate Driver Integrated Circuit (IC) Market
25. Canada Gate Driver Integrated Circuit (IC) Market
26. South America Gate Driver Integrated Circuit (IC) Market
27. Brazil Gate Driver Integrated Circuit (IC) Market
28. Middle East Gate Driver Integrated Circuit (IC) Market
29. Africa Gate Driver Integrated Circuit (IC) Market
30. Gate Driver Integrated Circuit (IC) Market Competitive Landscape and Company Profiles
31. Gate Driver Integrated Circuit (IC) Market Other Major and Innovative Companies
35. Gate Driver Integrated Circuit (IC) Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Gate Driver Integrated Circuit (IC) Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on gate driver integrated circuit (IC) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for gate driver integrated circuit (IC)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The gate driver integrated circuit (IC) market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
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
Key Companies Mentioned: Mitsubishi Electric Corporation; Broadcom Inc.; Toshiba Corporation; Texas Instruments Incorporated; STMicroelectronics NV
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies profiled in this Gate Driver Integrated Circuit (IC) market report include:- 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
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | October 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.51 Billion |
Forecasted Market Value ( USD | $ 1.91 Billion |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |
No. of Companies Mentioned | 23 |