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Key Influencer in the Gate Driver Integrated Circuit (IC) Market 2025: Rising Electric Vehicle Adoption Boosts Growth In The Gate Driver Integrated Circuit (IC) Market Driver
Key Influencer in the Gate Driver Integrated Circuit (IC) Market
The growing adoption of electric vehicles (EVs) is expected to drive the growth of the gate driver integrated circuit (IC) market. The rise of electric vehicles is propelled by advancements in battery technology, supportive government policies, and increased environmental awareness. Gate driver integrated circuits are essential in electric vehicles to manage power transistors within power electronics, facilitating efficient motor and battery operation. For example, the International Energy Agency reported in April 2024 that nearly 14 million new electric vehicles were registered globally in 2023, marking a 35% increase compared to 2022. Therefore, the growing adoption of electric vehicles is driving the gate driver IC market's expansion.
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How will the growth rate of the gate driver integrated circuit (ic) market shape industry trends by 2034?
The gate driver integrated circuit (IC) market has seen solid growth. It will increase from $1.51 billion in 2024 to $1.6 billion in 2025, at a CAGR of 6.3%. The growth is driven by increasing power efficiency requirements, the rise of industrial automation, the expansion of renewable energy sources, the growth of electric vehicles, and the rapid electrification of automobiles.
The gate driver integrated circuit (IC) market is forecast to grow to $2.02 billion by 2029, with a CAGR of 6.0%. This growth is attributed to smart grid development, IoT expansion, and advancements in energy storage and healthcare technologies. Trends include renewable energy integration, miniaturization, and advancements in power electronics.
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What trends are poised to drive the future success of the gate driver integrated circuit (ic) market?
Major companies in the gate driver integrated circuit (IC) market are developing advanced products such as gate driver ICs with embedded microcontrollers to provide sensorless control for three-phase brushless DC motors. Gate driver ICs with microcontrollers offer advanced control capabilities for power transistors in various electronic applications. In March 2024, Toshiba Electronic Devices & Storage Corporation, a Japan-based electronics firm, introduced the SmartMCD Series of gate driver ICs, which include an embedded microcontroller for controlling three-phase brushless DC motors used in automotive systems like water and oil pumps and fans.
Which primary segments of the gate driver integrated circuit (ic) market are driving growth and industry transformations?
The gate driver integrated circuit (IC) market covered in this report is segmented -
1) By Type: Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET), Insulated-Gate Bipolar Transistor (IGBT)
2) By Semiconductor Material: Silicon (Si), Silicon Carbide (SiC), Gallium Nitride (GaN)
3) By Mode Of Attachment: On-Chip, Discrete
4) By Isolation Technique: Magnetic Isolation, Capacitive Isolation, Optical Isolation
5) By Application: Residential, Industrial, Commercial
Subsegments:
1) By Metal-Oxide-Semiconductor Field-Effect Transistor (MOSFET): Low Voltage Mosfet Gate Drivers, High Voltage Mosfet Gate Drivers, Single-Channel Mosfet Gate Drivers, Dual-Channel Mosfet Gate Drivers, Integrated Mosfet Gate Drivers With Protection Features
2) By Insulated-gate Bipolar Transistor (IGBT): Low Power Igbt Gate Drivers, High Power Igbt Gate Drivers, Igbt Drivers With Short Circuit Protection, Igbt Drivers With Overcurrent Protection, Integrated Igbt Gate Drivers For Motor Drives
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Which regions are key players in the growth of the gate driver integrated circuit (ic) market?
Asia-Pacific was the largest region in the gate driver integrated circuit (IC) market in 2023. The regions covered in the gate driver integrated circuit (IC) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the gate driver integrated circuit (ic) market landscape?
Major companies operating in the gate driver integrated circuit (IC) market are Mitsubishi Electric Corporation, Broadcom Inc., Toshiba Corporation, Texas Instruments Incorporated, STMicroelectronics NV, Infineon Technologies AG, NXP Semiconductors N.V., Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Microchip Technology Incorporated, Rohm Semiconductor, Vishay Intertechnology, Maxim Integrated, Littelfuse Inc., Diodes Incorporated, Silicon Laboratories, Allegro MicroSystems, Semtech, Power Integrations, IXYS Corporation, Dialog Semiconductor
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What Is Covered In The Gate Driver Integrated Circuit (IC) Global Market Report?
•Market Size Forecast: Examine the gate driver integrated circuit (ic) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the gate driver integrated circuit (ic) market for a structured understanding.
•Key Players Overview: Analyze major players in the gate driver integrated circuit (ic) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the gate driver integrated circuit (ic) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the gate driver integrated circuit (ic) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the gate driver integrated circuit (ic) market.
•Industry Challenges: Identify potential risks and obstacles affecting the gate driver integrated circuit (ic) market.
•Competitive Landscape: Review strategic developments in the gate driver integrated circuit (ic) market, including expansions, agreements, and new product launches.
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