Press release
Gate Driver IC Market Size to Reach $1.88 Billion by 2030 at a CAGR of 5.0%
Allied Market Research published a report on Gate Driver IC Market by Transistor Type, Semiconductor Material, Mode of Attachment, Isolation Technique and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030. The gate driver IC market size will reach $1.88 billion by 2030 at a CAGR of 5.0% from 2021 to 2030.Download Research Report Sample:
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The key factor that drives the gate driver IC market growth include the growing adoption of smart home and smart grid technologies and increase in need for high voltage operating devices. The key factors that hamper the growth of this market is the design complexities of gate driver ICs. The opportunity lies in the rapid electrification of automobiles and surge of power transistors in various renewable energy systems.
The supply chain of the gate driver is evolving, pushed by higher integration needs, as well as an increasing need for more complete product solutions. In addition to gate driver IC manufacturers, other players emerged along the supply chain to offer alternative solutions for various power management needs.
Report Overview:
https://www.alliedmarketresearch.com/gate-driver-IC-market
North America is the largest region, in terms of revenue generation, in the global gate driver IC market. The consumer electronics industry is well-established in North America, which has led to increased adoption of enhanced technologies. In addition, rapid growth in the sales of smart consumer electronic products supplements the market growth. Moreover, increase in adoption of electric vehicles across the world drives the global gate driver IC market share.
Competitive Analysis:
The company profile section of the gate driver IC market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global gate driver IC market include,
• Infineon Technologies
• NXP Semiconductors
• Renesas Electronics
• STMicroelectronics
• Toshiba
• Texas Instrument
• ROHM Semiconductors
• Mitsubishi Electric Corporation
• ON Semiconductor
• Semtech
Press Release:
https://www.alliedmarketresearch.com/press-release/gate-driver-IC-market.html
The gate driver IC market is highly competitive, owing to strong presence of the existing vendors. Gate driver IC technology vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals as they have the capacity to cater to the global market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by the key vendors.
The gate driver IC market possesses high growth potential in the electronics industry and automotive industry. The current business scenario is witnessing an increase in demand for smart electronics, particularly in the developing regions such as China, India, and others, due to upsurge in population and rise in demand for consumer electronics.
Key Findings of the Study
• The commercial sector is projected to be the major application during the forecast period.
• Asia-Pacific and Europe dominate the market.
• Europe is anticipated to witness highest growth rate during the forecast period.
• U.S. was the major shareholder in the North America gate driver IC market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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