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Key Trends Influencing the Growth of the Gate Driver Integrated Circuit (IC) Market in 2025: Integration Of Digital Technologies In Gate Driver Integrated Circuit (IC) Market
Gate Driver Integrated Circuit (IC)
What Is the Expected CAGR for the Gate Driver Integrated Circuit (IC) Market Through 2025?
In recent times, the gate driver integrated circuit (IC) market has demonstrated significant growth. The market value is projected to escalate from $1.51 billion in 2024 to $1.6 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.3%. Factors such as demands for higher power efficiency, advancement in industrial automation, development of renewable energy resources, proliferation of electric vehicles, and swift automobile electrification have all been key contributors to the historic period growth.
What's the Projected Size of the Global Gate Driver Integrated Circuit (IC) Market by 2029?
The market size for the gate driver integrated circuit (IC) is projected to experience robust growth in the upcoming years, with its valuation anticipated to reach $2.02 billion by 2029, growing at a compound annual growth rate of 6.0%. This growth during the forecast period is primarily due to the development of smart grids, expansion of the Internet of Things (IoT), increase in energy storage systems, advancements in healthcare technology, and a boost in aerospace and defense applications. Some of the significant trends throughout this period would be the integration of renewable energy, advancements in power electronics, augmentation in efficacy and miniaturization, surge in consumer electronics, and technological progressions.
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Top Growth Drivers in the Gate Driver Integrated Circuit (IC) Industry: What's Accelerating the Market?
The proliferation of electric vehicles (EVs) is predicted to stimulate the expansion of the gate driver integrated circuit (IC) market in the future. The surge in the use of electric vehicles is driven by advancements in battery technology, favorable government regulations, heightened ecological awareness, and the establishment of charging infrastructures. Gate driver integrated circuits (ICs) have a significant role in EVs as they manage the power transistors in the vehicle's power electronics. This allows for effective and accurate regulation of electric motor functions and battery systems. For example, the International Energy Agency, a France-based independent organization, reported in April 2024 that almost 14 million new electric cars emerged on the global scene in 2023. This increased the total electric vehicles to 40 million, marking a 35% year-on-year increase with an additional 3.5 million sales from 2022. As such, the rising adoption of electric vehicles (EVs) is catalyzing the expansion of the gate driver integrated circuit (IC) market.
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What Trends Will Shape the Gate Driver Integrated Circuit (IC) Market Through 2029 and Beyond?
Leading firms in the gate driver integrated circuit (IC) market are honing their focus on product innovation, particularly in the creation of gate driver integrated circuits that feature embedded microcontrollers. These specialized components have the ability to deliver sensorless control over three-phase brushless DC motors. Such gate driver ICs blend gate-driving functions with a microcontroller unit, thus offering advanced control and monitoring options for power transistors in electronic systems. For example, in March 2024, Toshiba Electronic Devices & Storage Corporation, a Japanese electronics firm, introduced the SmartMCD Series of gate driver ICs. This series, equipped with an embedded microcontroller, is designed to boost control over three-phase brushless DC motors used in automobiles. The maiden product from this series, named the TB9M003FG, is custom-made for sensorless control of motors utilized in a range of automotive systems, including water and oil pumps, fans, and blowers.
What Are the Main 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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Which Top Companies are Driving Growth in the Gate Driver Integrated Circuit (IC) Market?
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
Which Regions Will Dominate the Gate Driver Integrated Circuit (IC) Market Through 2029?
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.
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