The gate driver integrated circuit (ic) global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Gate Driver Integrated Circuit (IC) Market, 2024The gate driver integrated circuit (ic) global market report 2024
Market Size – The gate driver IC (integrated circuit) market size has grown strongly in recent years. It will grow from $1.42 billion in 2023 to $1.51 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to increasing power efficiency requirements, the rise of industrial automation, the growth of renewable energy sources, the expansion of electric vehicles, and the rapid electrification of automobiles.
The gate driver IC (integrated circuit) market size is expected to see strong growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to smart grid development, Internet of Things (IoT) expansion, the growth of energy storage systems, healthcare technology advances, and rising aerospace and defense applications. Major trends in the forecast period include renewable energy integration, advancements in power electronics, miniaturization and efficiency, the proliferation of consumer electronics, and technological advancements.
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Scope Of Gate Driver Integrated Circuit (IC) MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Gate Driver Integrated Circuit (IC) Market Overview
Market Drivers -The rising adoption of electric vehicles (EVs) is expected to propel the growth of the gate driver integrated circuit (IC) market. This increase in EV adoption is fueled by advancements in battery technology, supportive government policies, heightened environmental awareness, and the expansion of charging infrastructure. Gate driver integrated circuits (ICs) are essential for controlling power transistors in a vehicle’s power electronics, allowing for efficient management of electric motor operations and battery systems. According to the International Energy Agency, as of April 2024, nearly 14 million new electric cars were registered globally in 2023, bringing the total to 40 million and representing a 35% year-on-year increase, with 3.5 million more sales than in 2022. Consequently, the increasing adoption of electric vehicles will significantly drive the growth of the gate driver integrated circuit (IC) market.
Market Trends – Major companies operating in the gate driver integrated circuit (IC) market are focusing on developing innovative products, such as gate driver integrated circuits with embedded microcontrollers, to deliver sensorless control of three-phase brushless DC motors. Gate driver ICs with embedded microcontrollers are semiconductor components that integrate both gate-driving functions and a microcontroller unit to provide advanced control and monitoring capabilities for power transistors in electronic systems. For instance, in March 2024, Toshiba Electronic Devices & Storage Corporation, a Japan-based electronics company, launched the SmartMCD Series of gate driver ICs, featuring an embedded microcontroller, aimed at enhancing the control of three-phase brushless DC motors in automotive applications. The first product in this series, the TB9M003FG, is designed for sensorless control of motors used in various automotive systems, such as water and oil pumps, fans, and blowers.
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
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Regional Insights – 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.
Key Companies – Major companies in the 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
Table of Contents
1. Executive Summary
2. Gate Driver Integrated Circuit (IC) Market Report Structure
3. Gate Driver Integrated Circuit (IC) Market Trends And Strategies
4. Gate Driver Integrated Circuit (IC) Market – Macro Economic Scenario
5. Gate Driver Integrated Circuit (IC) Market Size And Growth
…..
27. Gate Driver Integrated Circuit (IC) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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