Press release
Gate Driver IC Market 2024 Research Report
Gate Driver IC MarketThe Global Gate Driver IC Market Size was valued at 1.2 Billion in 2020 and is projected to reach USD 1.88 Billion by 2030 at a CAGR of 5% from 2021 to 2030.
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Report Scope
A gate driver IC is an integrated circuit chip, which is used in controlling power dissipation, current flow, heat flow, and initiates smooth switching actions in high-power transistor gates, such as MOSFET and IGBT. It can be provided either on-chip or as a discrete module and consists of a level shifter in combination with an amplifier.
As every transistor requires a particular gate voltage to switch on, the gate capacitor must be charged to at least the required gate voltage for the transistor to be switched on. This voltage is controlled by its driver IC. Similarly, the heat dissipation current through the transistors can be controlled by the use of driver ICs.
North America contributes a smaller amount in gate driver IC market, however, the development in the energy & power industry and adoption of advanced technology boosts the market growth. Moreover, the use of power MOSFET in consumer electronics and electric vehicles is expected to drive the market growth during the forecast period. In addition, surge in adoption of power modules is a major factor that contributes toward the growth of the market. Gate driver ICs are widely used in number of electronic applications in North America, which is expected to further drive the growth of the market.
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Segment by Type
• MOSFET
• IGBT
Segment by Material
• SIC
• GAN
By Application
• Residential
• Industrial
• Commercial
By Companies
Infineon Technologies
NXP Semiconductors
Renesas Electronics
STMicroelectronics
Toshiba
Texas Instrument
Rohm Semiconductors
Mitsubishi Electric Corporation
ON Semiconductor
Semtech
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