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Driver IC Market to Reach $2.04 Billion by 2025 at 6.3% CAGR

06-20-2019 04:02 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Driver IC Market to Reach $2.04 Billion by 2025 at 6.3% CAGR

Increase in adoption of smart grid & smart home technologies and surge in need for high voltage devices fuel the growth in the global gate driver IC market

According to the report, the global gate driver IC market is expected to reach $2.04 billion by 2025, from $1.26 billion in 2017, registering a CAGR of 6.3% from 2018 to 2025.

Increase in adoption of smart grid & smart home technologies and surge in need for high voltage devices fuel the growth in the market. However, design complexities of ICs hinder the growth of the market. On the other hand, increase in power transistors for different renewable energy systems and rapid electrifications for automobiles create new pathways in the market.

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MOSFET to maintain its dominating position throughout the forecast period

Based on transistor type, MOSFET accounted for nearly two-thirds of the total share, and is expected to maintain its dominating position throughout the forecast period. This is due to its user friendly and low cost nature along with surge in investments in R&D activities. However, IGBT is expected to grow at the fastest CAGR of 8.1% during the forecast period, 2018–2025. This is due to the usage of IGBT in a large number of applications including renewable energy, motor drive, high voltage direct current (HVDC), and consumer electronics.

SiC segment to maintain its revenue lead by 2025

Based on semiconductor material, the SiC segment accounted for more than four-fifths of the total share in 2017 and is expected to maintain its revenue lead during the forecast period. This is due to its energy efficient nature and robust & compact design. However, the GaN segment is expected to grow at the fastest CAGR of 10.4% from 2018 to 2025, owing to its capability to survive high temperature and low manufacturing cost.

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Optical isolation segment to maintain its leadership in terms of revenue during the forecast period

Based on technique, the optical isolation segment accounted for nearly half of the total market share in 2017 and is expected to maintain its leadership status during the forecast period. This is due to its reduced power consumption, switching specifications enabling usage of small filers, and improved efficiency. However, the capacitive isolation segment is expected to register the fastest CAGR of 8.1% from 2018 to 2025.

Frontrunners of the industry

Key market players explored in the research include Infineon Technologies, Renesas Electronics, NXP Semiconductors, Toshiba, STMicroelectronics, ROHM Semiconductors, Texas Instrument, ON Semiconductor, Mitsubishi Electric Corporation, and Semtech. They have implemented key strategies including new product expansion, agreements, mergers & acquisitions, geographical expansion, and collaborations to enhance their market presence and gain strong position.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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