The gate driver IC market is estimated to grow from USD 1.2 billion in 2019 to USD 1.7 billion by 2025, at a CAGR of approximately 6%. The future of the gate driver IC market creates new prospects to the gate driver IC suppliers in the industrial, automotive, consumer electronics, communication, and computer applications. The gate driver IC market is expected to decline in 2020 due to COVID-19 and is expected to recover in 2021. The major growth drivers for this market growth in smart home market, advancement in smart grid technology, rapid electrification of automobiles, and growing need of high voltage devices.
APAC is the largest along with the fastest growing region in the global gate driver IC market due to increasing growth of the electric vehicle and consumer electronics industries seen in China and Japan.
Automotive industry is expected to highest growth during forecast period due to growth of the electric vehicles.
Gate Driver IC market is consolidated and some of the major players in this market include Infineon Technologies AG, Mitsubishi Electric Corporation, NXP Semiconductor, ON Semiconductor, Rohm Semiconductors, Renesas Electronics, and others
The sample figures with some insights are shown below
The scope of the global Gate Driver IC market report is as follows:
- Key Features Description
- Base Year 2019
- Trend Period 2014-2019
- Forecast Period 2020-2025
- Units Considered Value ( $ Million)
Market Segments By product type (MOSFET, IGBT), by material (SiC, GaN), by application (Industrial, consumer electronics, telecommunication, computers, automotive)
Regional / Country North America ( US, Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia Pacific (Japan, China,and Rest of APAC), and RoW
The report performed both primary as well as exhaustive secondary research for this study. Initially, the report analyzed all the leading Gate Driver IC manufacturers across the globe. Subsequently, conducted primary research surveys with the identified companies. While interviewing, the company personnel were enquired about their key products, revenues, manufacturing plant location, and competitors. For this study, the report conducted more than 20 interviews, the same are mentioned below:
- By company type: Manufacturers (50%), Consumers (25%), Researchers (15%), Independent industry consultant (10%)
- By geography: North America (25%), Asia (40%), Europe (25%), Rest of the World (15%)
- By designation: Top level (40%), Operation level (20%), Mid-level (40%)
The report analyzed by product type, by material type and regional presence of all major Gate Driver IC manufacturers across the globe. Market size for global Gate Driver IC was calculated by using bottom-up approach as well as top –down approach. Various secondary sources such as secondary sources directories, database, company annual reports, white papers, investor presentations and financial reports were also studied to estimate the market size and growth rate.