Press release
Gate Driver IC Market Size Growing at 6.10% CAGR through 2027 | Market Key Players, Growth, Revenue and Forecast
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What are the growth prospects of the gate driver IC industry?
The global gate driver IC market reached a value of US$ 1.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1.9 Billion by 2027, exhibiting a growth rate (CAGR) of 6.10% during 2022-2027.
What is Gate Driver IC?
A gate driver IC refers to a control amplifier that accepts a low-power input from a controller IC and generates the necessary high-current for power devices. It enhances the performance of external transistor gates that supply current to an electric motor. Gate driver IC links the power metal-oxide-semiconductor field-effect transistors (MOSFETs) and the logic level control inputs. It is flexible, offers an intelligent solution to push the power semiconductor efficiently, and ensures minimal internal resistance to the transistor. As a result, gate driver IC finds widespread applications in the residential, industrial, and commercial sectors.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major drivers of the gate driver IC market?
The emerging trend of smart homes across the globe is among the primary factors driving the gate driver IC market. Besides this, the escalating demand for high voltage devices in the residential and commercial industries and the rising electrification of automobiles to replace gasoline vehicles with an electric powertrain are further augmenting the market growth.
Moreover, the extensive research and development (R&D) activities by the leading players for the introduction of slimmer versions of gate driver IC are also catalyzing the global market. Apart from this, the elevating requirement for transistors in various energy systems to amplify, control, and generate electrical signals is acting as another significant growth-inducing factor. Furthermore, the increasing need for intelligent grids for effective power management is anticipated to propel the gate driver IC market over the forecasted period.
Key Market Segmentation:
The report has segmented the market on the basis of region, transistor type, semiconductor material, mode of attachment, isolation technique and application.
Breakup by Transistor Type:
• MOSFET
• IGBT
Breakup by Semiconductor Material:
• Si
• SiC
• GaN
Breakup by Mode of Attachment:
• On-Chip
• Discrete
Breakup by Isolation Technique:
• Magnetic Isolation
• Capacitive Isolation
• Optical Isolation
Breakup by Application:
• Residential
• Industrial
• Commercial
Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
List of Major Key Players:
• Hitachi Power Semiconductor Device Ltd. (Hitachi Ltd.)
• Infineon Technologies AG
• Microchip Technology Inc.
• Mouser Electronics (TTI Inc., Berkshire Hathaway Inc.)
• NXP Semiconductors N.V.
• Onsemi
• Renesas Electronics Corporation
• Rohm Semiconductor
• Semtech Corporation
• STMicroelectronics
• Texas Instruments Incorporated
• Toshiba Corporation.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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