The Global Gate Driver ICs Market size is expected to reach $2.2 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 826.2 million units, experiencing a growth of 10.8% (2019-2022).
The Asia-Pacific region is a global manufacturing hub, with countries like China, Japan, and South Korea leading in electronics, semiconductor production, and industrial automation. Therefore, the Asia Pacific region captured $622.2 million revenue in the market in 2022. Gate driver ICs are essential components in industrial motor drives, robotics, machine tools, and factory automation systems, driving demand in the industrial sector.
The major strategies followed by the market participants are Partnerships, Collaborations & Agreements as the key developmental strategy to keep pace with the changing demands of end users. For instance, In November, 2023, Mitsubishi Electric Corporation formed a partnership with ModuleWorks GmbH. Under this partnership, the companies achieved technological development and digital transformation. Additionally, In June, 2023, Infineon Technologies AG entered into a partnership with Kontrol Technologies Corp. Through this partnership, autonomous driving technology enhanced to develop an algorithm-based solution which controls the legal controls and the boundary settings for vehicles.
Based on the Analysis presented in the KBV Cardinal matrix; Infineon Technologies AG and STMicroelectronics N.V. are the forerunners in the market. In June, 2023, STMicroelectronics signed an agreement with Sanan Optoelectronics. Through this agreement, the companies would be releasing a 200mm silicon carbide device in Chongqing, China. The company’s' aim to support the demand for car electrification, industrial power and energy applications. Companies such as NXP Semiconductors N.V., Microchip Technology Incorporated, Renesas Electronics Corporation are some of the key innovators in the market.
A key driver behind this expansion is the adoption of Industry 4.0 principles and smart manufacturing strategies. As these initiatives continue to evolve and expand globally, their demand is expected to further increase to support the growing needs of modern manufacturing.
Growing awareness of environmental issues and the need to reduce energy consumption drive the demand for energy-efficient devices. Consumers, businesses, and governments prioritize energy efficiency to minimize carbon emissions and mitigate climate change. Hence, rising demand for energy-efficient devices is propelling the market's growth.
Developing gate driver ICs requires substantial investment in research and development to design and test prototypes. Semiconductor companies allocate significant resources to R&D activities, including hiring skilled engineers, acquiring specialized equipment, and conducting feasibility studies, contributing to high development costs. Therefore, the high development costs are impeding the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.
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Challenges Based on transistor type, the market is bifurcated into MOSFET and IGBT. The IGBT segment attained 29.9% revenue share in the market in 2022. IGBTs are known for their high-power handling capability, making them suitable for high-power applications such as motor drives, inverters, converters, and industrial automation systems. Gate driver ICs designed for IGBTs enable efficient and reliable power switching in these demanding applications.
On the basis of semiconductor material, the market is segmented into SiC and GaN. The SiC segment recorded 75.8% revenue share in the market in 2022. SiC offers higher breakdown voltages compared to traditional silicon-based materials. This property allows SiC devices to handle higher voltages, making them suitable for high-power applications such as electric vehicles, renewable energy systems, and industrial motor drives.
Based on mode of attachment, the market is categorized into on-chip and discrete. The discrete segment witnessed 39.5% revenue share in the market in 2022. Designers can tailor discrete solutions to specific application requirements, such as voltage ratings, current handling capabilities, and thermal management, without being constrained by the limitations of integrated ICs.
Based on application, the market is divided into industrial, commercial, and residential. The residential segment acquired 20.3% revenue share in the market in 2022. They facilitate efficient motor control, power conversion, and voltage regulation, improving energy efficiency and performance in residential appliances.
Free Valuable Insights: Global Gate Driver ICs Market size to reach USD 2.2 Billion by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 27.9% revenue share in the market in 2022. North America is witnessing a significant rise in the adoption of electric vehicles, driven by government incentives, environmental regulations, and growing consumer awareness of sustainable transportation solutions.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 1.5 Billion |
| Market size forecast in 2030 | USD 2.2 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.2% from 2023 to 2030 |
| Number of Pages | 365 |
| Number of Table | 813 |
| Quantitative Data | Volume in Million Units, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Market Share Analysis, Competitive Landscape, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Transistor Type, Semiconductor Material, Mode of Attachment, Application, Region |
| Country scope |
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| Companies Included | Infineon Technologies AG, Mitsubishi Electric Corporation, NXP Semiconductors N.V., Rohm Co., Ltd., STMicroelectronics N.V., Toshiba Corporation, Semtech Corporation, Microchip Technology Incorporated, ON Semiconductor Corporation, Renesas Electronics Corporation |
By Transistor Type (Volume, Million Units, USD Billion, 2019-2030)
By Semiconductor Material (Volume, Million Units, USD Billion, 2019-2030)
By Mode of Attachment (Volume, Million Units, USD Billion, 2019-2030)
By Application (Volume, Million Units, USD Billion, 2019-2030)
By Geography (Volume, Million Units, USD Billion, 2019-2030)
This Market size is expected to reach $2.2 billion by 2030.
Expanding industrial automation and robotics are driving the Market in coming years, however, High development costs of gate driver ICs restraints the growth of the Market.
Infineon Technologies AG, Mitsubishi Electric Corporation, NXP Semiconductors N.V., Rohm Co., Ltd., STMicroelectronics N.V., Toshiba Corporation, Semtech Corporation, Microchip Technology Incorporated, ON Semiconductor Corporation, Renesas Electronics Corporation
In the year 2022, the market attained a volume of 826.2 million units, experiencing a growth of 10.8% (2019-2022).
The On-chip segment is generating highest revenue in the Market, By Mode of Attachment in 2022; there by, achieving a market value of $1.3 Billion by 2030.
The Asia Pacific region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $946.4 Million by 2030.
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