Gate Driver Integrated Circuit Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Gate Driver Integrated Circuit Market Analysis
Gate Driver Integrated Circuit Market was valued at USD 1.62 billion in the current year and is expected to register a CAGR of 5.1% over the forecast period. Furthermore, rising demand for hybrid and electric cars increased R&D spending by major industry participants and increased the use of gate driver ICs in emerging nations. Additionally, high-end data transmission requirements in various applications are anticipated during the forecast period to fuel Gate Driver IC market expansion.
- The in-home security infrastructure, which includes automated door locks, smart plugs, lights, and other electronic home equipment, is designed to communicate with users online. Implementing smart grid and smart home technology can potentially increase gate driver IC sales. Smart grids and smart homes rely on electronic devices to ensure power use and necessitate gate driver integrated circuits (ICs) to reduce energy consumption. This benefits the gate driver IC and its demand, which drives the gate driver IC market's expansion. This factor is expected to propel the Gate Driver IC market forward.
- Recently, Councils in Leeds, Suttons, and Richmond have advanced IoT technology in homes to better support residents and make services more efficient. Furthermore, in February 2022, Andhra Pradesh-based smart home automation company, One Switch announced the launch of franchising options to expand their smart home automation services. Empower buyers across India with the highest quality smart home products and services. Such interventions aid in the rise of the Gate Driver IC market.
- In addition, Several smart city projects and initiatives are ongoing. By 2025, there will be around 30 global smart cities, and 50% of these are likely to be located in North America and Europe. According to the OECD, these steps are supported by global investments, which will likely be about USD 1.8 trillion between 2010 and 2030 for all infrastructure projects in urban cities. The investment in digitized infrastructure is expected to prompt for securing of those assets and drive the studied market demand.
- For instance, in January 2022, the US Department of Energy (DOE) launched an initiative called "Building a Better Grid" in the United States to achieve goals of 100% clean electricity by 2035 and a zero-emissions economy by 2050. such developments attract power management ICs for battery management, system control, voltage regulation, and other applications.
- Moreover, the gate driver, the IC invention chain, is significantly more complex than other processor method chains. Various complexities, including thinner IC versions, the usage of metallic enclosures, and others, decrease gate driver efficiency. The maturation of the gate driver IC market is significantly constrained by the need for careful attention, accuracy, and a qualified team to produce suitable gate drivers. Since this factor adds to more elevated auto pricing, the increasing cost of installation in autos may hamper the global market growth.
- Additionally, the COVID-19 pandemic significantly impacted the gate driver IC market, resulting in the closure of several manufacturing facilities, supply chain disruption, and global trade barriers. Owing to the increasing scarcity of semiconductors, several automakers have reduced their production capacities, limiting market opportunities for gate driver IC. Furthermore, The global automotive industry is now operating suitably. This is anticipated to drive the growth of the gate driver ICs market. Yet, various stakeholders maintain robust supply chains for essential applications in commercial and industrial end markets.
Gate Driver Integrated Circuit Market Trends
Automotive Sector is Expected to Drive the Market Growth
- The automotive sector's market for electric and hybrid vehicles is increasing quickly. The requirement for gate driver ICs to regulate high-voltage power switches like IGBTs and MOSFETs to switch on/off more rapidly and ensure the smooth procedure of these devices has improved.
- Furthermore, European countries have been experiencing increased demand for electric vehicles, clean energy, expanding data centers, 5G, and automated manufacturing, which requires electronic components. Thus, this is expected to drive the demand for semiconductors. According to forecast data by the clean transport campaign group, Transport, and Environment, electric vehicle production in the European Union is expected to multiply six-fold between 2019 and 2025. T&E predicts 4 million electric cars and vans to be produced in the EU region in 2025, amounting to around a fifth of all vehicles made in the region.
- In addition, automakers such as General Motors have planned to launch 20 new all-electric vehicles by 2023. Tesla Company also changed the face of the EV market segment in the country with the introduction of reliable and efficient electric cars. The growth of electric vehicles is expected to create more opportunities in the coming times.
- Moreover, in March 2022, ROHM Semiconductor announced that Lucid, a luxury electric vehicle company, uses its SiC MOSFET in the Lucid Air car. The Wunderbox, the central on-board charging unit in the Lucid Air, combines a DC-DC converter and the Bi-directional On-Board Charger, where an advanced power factor correction circuit is qualified to operate at increased switching frequencies due to the superior performance of the SiC MOSFET. The enhanced performance at high frequency and high temperature of ROHM's SCT3040K and SCT3080K SiC MOSFETs have helped Lucid reduce the structure size and power losses, which results in high charging efficiency.
- Various players in the market are continuously innovating new products to say competitive in the studied market. For instance, in April 2022, Magnachip Semiconductor released a new 40V Metal-Oxide-Semiconductor Field-Effect transistor (MOSFET) for brushless direct current motors for automotive applications. The new 40V MOSFET is fully AEC Q101 certified and is critical to vehicle safety.
- In addition, in May 2022, Power Integrations announced the SCALE EV series of gate-driver panels for Infineon EconoDUAL modules at PCIM Europe. The SCALE EV family consists of automotive-qualified, dual-channel plug-and-play drivers for silicon-carbide MOSFETs and silicon IGBTs. Such developments in electric vehicles may further fuel the market's demand for gate drive ICs.
Asia Pacific to Experience Significant Market Growth
- The rising use of semiconductors in consumer electronics and automotive enterprises contributes to the region's growth. IoT and 5G telecommunication services have become more prevalent in semiconductor production as companies broaden their product lines to strengthen their position in local markets. With a 56% market share, China is the most competitive market due to the region's growing need for various product cases and configurations.
- According to CAAM, Sales of passenger battery electric vehicles (BEVs) and passenger plug-in hybrid electric vehicles (PHEVs) in China were recorded at 3,73,000 and 87,000 units in March 2022. In addition, according to IBEF, the Indian appliances and consumer electronics enterprise stood at USD 9.84 billion recently and is anticipated to more than double to reach INR 1.48 lakh crore (USD 21.18 billion) by 2025.
- Furthermore, the Government recently approved 14 companies under the PLI scheme for IT hardware. Over the next four years, these organizations are expected to fuel total production of USD 21.64 billion. Such expansion in the electronic market may further drive the growth of Gate Driver ICs in the region.
- Moreover, in August 2022, Renesas Electronics Corporation announced the development of unique Si-IGBTs, delivered in a small footprint while providing low power losses. Aimed at next-generation EV inverters, AE5-generation IGBTs will be mass-produced forming in the first half of 2023 on Renesas' 200-mm and 300-mm wafer lines at the company's factory in Japan. Additionally, Renesas intends to ramp up production in the first half of 2024 at its latest power semiconductor 300-mm wafer fab in Kofu, Japan, to meet the growing need for power semiconductor products.
- Furthermore, according to IBEF, India is also a prominent auto exporter with solid export growth expectations in a few years. In addition, several initiatives by the Indian Government, such as the Automotive Mission Plan 2026, scrappage approach, and PLI scheme in the Indian market, are expected to drive India to one of the global players in the two-wheeler and four-wheeler market at the end of 2022. India's annual production of automobiles in FY2022 was 22.93 million vehicles. In addition, India's electric vehicle market is estimated to reach INR 50,000 crore (USD 7.09 billion) by 2025. Government initiatives in the automotive sector may further drive the studied market growth in the region.
Gate Driver Integrated Circuit Industry Overview
The Gate Driver Integrated Circuit Market is relatively competitive and has several major players. With capacity expansion, companies look forward to collaborating with suppliers to ensure their global presence. Major players in the market include STMicroelectronics, Texas Instruments Inc., Mitsubishi Electric Corporation, ON Semiconductor Corporation, Analog Devices Inc., Renesas Electronics Corporation, etc., focusing on improving their production capacity to meet the growing demand from OEMs and commercial customers.
In November 2022, Alpha and Omega Semiconductor Limited, a designer of power semiconductors, power ICs, and digital power products, announced its latest industry-leading 650V and 750V SiC MOSFET outlet for both industrial and automotive applications. The unique AOM015V75X2Q 750V αSiC MOSFET extends on the existing second-generation 1200V αSiC MOSFET and diode products with an industry-leading low RDS(ON) down to 15mΩ in a standard TO-247-4L package while holding a recommended +15V gate drive voltage to assure the broadest compatibility with existing gate driver solutions. Due to the minimized internal gate resistance and optimized cell design, AOS designed these devices to show ultra-fast switching speeds that are fully controllable with an external gate resistor.
In June 2022, Toshiba Electronic Devices added five products to its MOSFET gate driver ICs in the TCK42xG sequence for mobile gadgets such as wearables. The latest products in the series are provided with an overvoltage lockout function and control the gate voltage of an external MOSFET according to the input voltage.
Gate Driver Integrated Circuit Market Leaders
Infineon Technologies AG
NXP Semiconductors
Renesas Electronics
STMicroelectronics
Toshiba Corporation
*Disclaimer: Major Players sorted in no particular order
Gate Driver Integrated Circuit Market News
- July 2022, Tokyo-based Mitsubishi Electric Corporation released a 50W silicon radio-frequency (RF) high-power metal-oxide-semiconductor field-effect transistor (MOSFET) module for commercial two-way radio high-frequency power amplifiers. The model, which has a power output of 50W in the 763MHz to 870MHz band and a total efficiency of 40%, is expected to help extend the radio communication range while reducing power consumption.
- May 2022- Mitsubishi Electric US, Inc. recently launched a new SiC power module, FMF400DY-24B. The 400A, 1200V Dual SiC MOSFET module includes an anti-parallel, low Vf, zero recovery loss, and SiC SBD. The module packages unique designs into a current industry standard footprint (62mm x 108mm) for medical power supplies and general industrial applications. Designed for Vgs(on)=15V, the module is consistent with standard IGBT gate drivers and can be seamlessly incorporated into existing mechanical structures for easy upgrades from Si IGBT technologies.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Adoption of Smart homes and Smart grid Technology
5.1.2 Growing Demand for High Voltage Devices
5.2 Market Challenges
5.2.1 Design Complexities of Gate Driver ICs
6. MARKET SEGMENTATION
6.1 By Transistor Type
6.1.1 MOSFET
6.1.2 IGBT
6.2 By Application
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Residential
6.3 By End-User Industries
6.3.1 Automotive
6.3.2 Consumer Electronics
6.3.3 Energy & Power
6.3.4 Healthcare
6.3.5 Others
6.4 By Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 Middle East & Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Infineon Technologies AG
7.1.2 NXP Semiconductors
7.1.3 Renesas Electronics
7.1.4 STMicroelectronics
7.1.5 Toshiba Corporation
7.1.6 Texas Instrument
7.1.7 ROHM Semiconductors
7.1.8 Mitsubishi Electric Corporation
7.1.9 ON Semiconductor
7.1.10 Semtech
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Gate Driver Integrated Circuit Industry Segmentation
A gate driver is a power amplifier that carries low power input from a controller IC and produces a power device's suitable increased current gate drive. It is used when a PWM controller cannot deliver the output current needed to drive the gate capacitance of the associated power device. The Gate Driver Integrated Circuit Market is segmented by Transistor Types such as MOSFET and IGBT among various Commercial, Industrial, and Residential Applications. The studied market is further segmented into different End-user Industries such as Automotive, Consumer Electronics, Energy & Power among multiple geographies. The impact of COVID-19 on the market and impacted segments are also covered under the scope of the study. Further, the disruption of the factors affecting the market's expansion in the near future has been covered in the study regarding drivers and restraints. The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.
| By Transistor Type | |
| MOSFET | |
| IGBT |
| By Application | |
| Commercial | |
| Industrial | |
| Residential |
| By End-User Industries | |
| Automotive | |
| Consumer Electronics | |
| Energy & Power | |
| Healthcare | |
| Others |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Middle East & Africa |
Frequently Asked Questions
What is the current Gate Driver Integrated Circuit Market size?
The Gate Driver Integrated Circuit Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Gate Driver Integrated Circuit Market?
Infineon Technologies AG, NXP Semiconductors, Renesas Electronics, STMicroelectronics and Toshiba Corporation are the major companies operating in the Gate Driver Integrated Circuit Market.
Which is the fastest growing region in Gate Driver Integrated Circuit Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Gate Driver Integrated Circuit Market?
In 2024, the North America accounts for the largest market share in Gate Driver Integrated Circuit Market.
What years does this Gate Driver Integrated Circuit Market cover?
The report covers the Gate Driver Integrated Circuit Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Gate Driver Integrated Circuit Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Gate Driver Integrated Circuit Industry Report
Statistics for the 2024 Gate Driver Integrated Circuit market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Gate Driver Integrated Circuit analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.
