Press release
Rising Electric Vehicle Adoption Boosts Growth In The Gate Driver Integrated Circuit (IC) Market: A Significant Driver Propelling The Gate Driver Integrated Circuit (IC) Market In 2025
Gate Driver Integrated Circuit (IC)
What Is the Gate Driver Integrated Circuit (IC) Market Size and Projected Growth Rate?
The gate driver integrated circuit (IC) market has experienced strong growth in recent years. It will grow from $1.51 billion in 2024 to $1.6 billion in 2025, at a CAGR of 6.3%. The growth is attributed to increasing power efficiency requirements, industrial automation, and the expansion of electric vehicles.
The gate driver integrated circuit (IC) market is expected to grow significantly, reaching $2.02 billion by 2029 at a CAGR of 6.0%. The growth is driven by developments in smart grids, expansion of the Internet of Things (IoT), growth of energy storage systems, advances in healthcare technology, and increasing aerospace and defense applications. Key trends include renewable energy integration, power electronics advancements, miniaturization and improved efficiency, rising consumer electronics demand, and technological progress.
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What Are the Major Segments in the Gate Driver Integrated Circuit (IC) Market?
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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What Are The Driving Gate Driver Integrated Circuit (IC) Market Evolution?
The accelerated adoption of electric vehicles is set to drive growth in the gate driver integrated circuit (IC) market. Factors like improved battery technology, government incentives, environmental awareness, and charging infrastructure are supporting EV uptake. Gate driver ICs are vital in EVs, as they manage power transistors that control motor and battery operations. For example, in April 2024, the International Energy Agency stated that nearly 14 million new EVs were registered globally in 2023, raising the total to 40 million-an increase of 35% over 2022 with 3.5 million more sales. Hence, the rise in electric vehicle usage is bolstering the gate driver IC market.
Which Firms Dominate The Gate Driver Integrated Circuit (IC) Market Segments?
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
What Are the Latest Developing Trends in the Gate Driver Integrated Circuit (IC) Market?
Key players in the gate driver integrated circuit (IC) market are striving to produce groundbreaking products like gate driver integrated circuits encompassing embedded microcontrollers. These are intended to facilitate sensorless control of three-phase brushless DC motors. Gate driver ICs, paired with embedded microcontrollers, are semiconductor elements that combine gate-driving features with a microcontroller section. This allows superior control and surveillance of power transistors in electronic apparatuses. To illustrate, Toshiba Electronic Devices & Storage Corporation, a leading electronics enterprise hailing from Japan, introduced the SmartMCD Series of gate driver ICs in March 2024. This series, featuring a built-in microcontroller, enhances the management of three-phase brushless DC motors in automotive applications. The initial product of this series, the TB9M003FG, is specifically designed to oversee sensorless control of motors utilized in an array of automotive systems such as water and oil pumps, fans, and blowers.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Gate Driver Integrated Circuit (IC) Market?
2. What is the CAGR expected in the Gate Driver Integrated Circuit (IC) Market?
3. What Are the Key Innovations Transforming the Gate Driver Integrated Circuit (IC) Industry?
4. Which Region Is Leading the Gate Driver Integrated Circuit (IC) Market?
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