The North America Gate Driver ICs Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 165.0 million units, showcasing a growth of 10.3% (2019-2022).
Gate driver ICs, or gate driver integrated circuits, are electronic components designed to control the switching behaviour of power semiconductor devices such as MOSFETs (metal-oxide-semiconductor field-effect transistors) and IGBTs (insulated gate bipolar transistors). The gate of these high-power devices requires precise control signals to ensure efficient switching operations, minimize power losses, and optimize performance in various power electronics applications.
Gate driver ICs typically include features such as built-in protection circuits, isolation features, and temperature monitoring to enhance the reliability and safety of power electronic systems. They are commonly used in applications such as motor drives, inverters, converters, power supplies, renewable energy systems, electric vehicles, and industrial automation. Overall, these are critical components in power electronics systems, facilitating the efficient and reliable operation of high-power semiconductor devices by providing the necessary drive signals and protection mechanisms.
The expansion of 5G technology in Canada is expected to impact the market significantly, particularly in telecommunications and network infrastructure. According to Statistics Canada, in 2022, 91.3% of Canadians had access to 5G networks, and 99.5% had access to LTE networks. Additionally, in 2023, 4099 spectrum licenses were auctioned in the 3800 MHz band for a total value of $2.16 billion or $0.26 per MHz per person ($/MHz-Pop). Therefore, the expansion of the telecommunication sector in the region is propelling the growth of the market.
The US market dominated the North America Gate Driver ICs Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $424.2 Million by 2030. The Canada market is experiencing a CAGR of 6.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.9% during (2023 - 2030).
Free Valuable Insights: The Gate Driver ICs Market is Predict to reach $2.2 Billion by 2030, at a CAGR of 5.2%
Based on Transistor Type, the market is segmented into MOSFET, and IGBT. Based on Semiconductor Material, the market is segmented into SiC, and GaN. Based on Mode of Attachment, the market is segmented into On-chip, and Discrete. Based on Application, the market is segmented into Industrial, Commercial, and Residential. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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 Country (Volume, Million Units, USD Billion, 2019-2030)
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