Driver IC Market to Reach $2.04 Billion by 2025 at 6.3% CAGR
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.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2342
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.
Download Sample at: https://www.alliedmarketresearch.com/request-sample/2342
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.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
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.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Driver IC Market to Reach $2.04 Billion by 2025 at 6.3% CAGR here
News-ID: 1782956 • Views: 203
More Releases from Allied Market Research
At 8.7% of CAGR, Proximity and Displacement Sensors Market Expected to Garner $5 …
According to a report published by Allied Market Research, titled, "Proximity and Displacement Sensors Market by Type (Inductive, Photoelectric, Capacitive, Ultrasonic, Magnetic & LVDT sensors) and Application (Parking Sensor Systems, Ground Proximity Warning System, Anti-aircraft warfare, Assembly line automation, Vibration monitoring system, Roller coasters, Conveyor systems) - Global Opportunity Analysis and Industry Forecast, 2013-2020", the Global Proximity and displacement sensors market projected to reach $5.32 billion by 2020, registering a
Vascular Imaging Market 2020 Research Based on Company Shares and Global Competi …
Vascular Imaging Market business research report assesses the current as well as upcoming performance of the market, and also brand-new trends in the market. It provides product overview and highlights of product and application segments of the market including price, revenue, sales, sales growth rate, and market share by product. The market statistics within the report is displayed in a statistical format to offer a better understanding upon the
At 10.7% CAGR, Asia-Pacific ATM Market Expected to Reach $7.9 Billion By 2020 | …
According to a report published by Allied Market Research, titled, "Asia-Pacific ATM Market by Solutions (ON site ATMs, Off site ATMs, Work site ATMs, Mobile ATMs, Managed services) and by Type (Conventional ATM, Brown label ATM, White label ATM, Smart ATM, Cash dispenser) - Opportunity Analysis and Industry Forecast, 2014-2020", the Asia-Pacific ATM market is expected to garner $7.9 billion by 2020, registering a CAGR of 10.7% during the period
Powder-based, Needle-free Injection System Market , Trends, Analysis, Opportunit …
Powder-based, Needle-free Injection System Market business research report assesses the current as well as upcoming performance of the market, and also brand-new trends in the market. It provides product overview and highlights of product and application segments of the market including price, revenue, sales, sales growth rate, and market share by product. The market statistics within the report is displayed in a statistical format to offer a better understanding upon
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small