The global gate driver IC market size was valued at 1.2 billion in 2020 and is projected to reach $1.88 billion by 2030 at a CAGR of 5.0% from 2021 to 2030.
A gate driver IC is a power amplifier that accepts a low-power input from a controller IC and produces a high-current drive input for the gate of a high-power transistor. It can be provided either on-chip or as a discrete module. It consists of a level shifter in combination with an amplifier.
It is an integrated circuit chip, which is usually used in controlling power dissipation, current flow, heat flow, and initiates smooth switching actions in high power transistor gates, such as MOSFET gate driver IC and IGBT gate driver IC. Gate driver MOSFET is widely adopted in switching purposes. The MOSFET/IGBTs isolated gate-electrode forms a capacitor (gate capacitor), which must be charged or discharged every time the respective transistor is switched on or off. As every transistor requires a particular gate voltage to switch on, the gate capacitor must be charged to at least the required gate voltage for the transistor to be switched on. This voltage is controlled by its driver IC. Similarly, the heat dissipation current through the transistors can be controlled by the use of driver ICs.
For instance, on May 6, 2021, Power Integrations, a semiconductor manufacturing unit based in the U.S., introduced a new SCALE-2 gate driver for 130mm x 140mm single IGBT high-power (IHM) modules, which is generally deployed in the railway industry. SCALE-2 gate drivers protect the IGBT via active clamping circuitry as well as allow the designers to augment dynamic switching performance, precision, and functionality. This product launch is expected to create lucrative opportunities for the gate driver IC market globally. Gate Driver IC holds tremendous potential in the near future as it is deployed in numerous electric devices, creating opportunity for gate driver IC industry.
In the coming years, the gate driver IC industry is expected to generate moderate cash output with modest investments in development, research, and tests. However, the driver ICs market is nearing the maturing stage, and is expected to generate modest revenue for key players in the coming years.
By Transistor Type
IGBT segment is projected as one of the most lucrative segments.
Gate driver ICs are well-suited for many applications such as major home appliances, industrial motor drives, solar invertors, UPS, switched-mode power supplies, and high voltage lighting. In addition, the use of power transistors in various renewable energy systems boosts the adoption of gate driver ICs among various manufacturers. Increase in usage of silicon carbide gate drivers and gallium nitrite gate drivers ensure high power density and advanced protection from short-circuit.
Factors such as growth in adoption of smart home and smart grid technologies and increase in need for high voltage operating devices are expected to drive the gate driver IC market growth in the future. However, design complexities of gate driver ICs act as major barriers and hamper the market growth. Furthermore, factors such as rapid electrification of automobiles and surge of power transistors in various renewable energy systems are expected to offer lucrative opportunities for the growth of the gate driver IC market.
By Semiconductor Material
GaN segment is projected as one of the most lucrative segments.
The gate driver IC market share is analyzed by transistor type, semiconductor material, mode of attachment, isolation technique, application, and region. By transistor type, the market is bifurcated into MOSFET and IGBT. By semiconductor material, the market is divided into SI, SIC, and GAN. By mode of attachment, the market is bifurcated into on-chip and discrete. By isolation technique, the market is studied across galvanic isolators, pulse transformers, OPTO isolators, coreless transformers, and others. By application, the market is divided into residential, industrial, and commercial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with its prominent countries.
The key players profiled in the report include Infineon Technologies, NXP Semiconductors, Renesas Electronics, STMicroelectronics, Toshiba, Texas Instrument, ROHM Semiconductors, Mitsubishi Electric Corporation, ON Semiconductor, and Semtech. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
By Mode Of Attachment
On-Chip segment is projected as one of the most lucrative segments.
The ongoing spread of COVID-19 has become one of the biggest threats to the global economy and is causing widespread concerns and economic hardship for consumers, businesses, and communities across the globe. The “new normal” that includes social distancing and working from home has created challenges with daily activities, regular work, needs, and supplies, causing delayed initiatives and missed opportunities.
The COVID-19 pandemic has impacted the society and overall economy across the globe. The impact of this outbreak has grown day-by-day that affects the supply chain. This has created uncertainty in the stock market; decreased business confidence, slowed supply chain, and increased panic among customers. European countries under lockdown have suffered a major loss of business and revenue due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which led to slowdown in growth of the gate driver IC market in 2020.
By Isolation Techique
Capacitive Isolation segment is projected as one of the most lucrative segments.
According to the gate driver IC market trends, the COVID-19 pandemic has severely impacted the global manufacturing and industrial sectors as production facilities have stalled, which, in turn, led to significant demand in industries.
The emergence of COVID-19 has declined the growth of the gate driver IC market in 2020, and is estimated to witness slow growth till the end of 2021. Implementation of partial or complete lockdown across various countries globally is the prime reason for decline in growth rate of the market. As industries were temporarily shut, it reduced the need for maintenance from various industries.
By Industry Vertical
Commercial segment is projected as one of the most lucrative segments.
Top Impacting Factors
The significant factors that impact the global gate driver IC market include growth in adoption of smart home & smart grid technologies and increase in need for high voltage devices. In addition, the market is influenced by the design complexities of gate driver ICs. Moreover, rapid electrification of automobiles and surge of power transistors in various renewable energy systems affect the market growth to a certain extent. Each of these factors is anticipated to have a definite impact on the global gate driver IC market during the forecast period. These factors are expected to offer lucrative opportunities for the market growth in the coming years.
Adoption of Smart Home and Smart Grid Technologies
Urbanization, climate change, and demographic change have forced cities to make their infrastructure more efficient to guarantee seamless integration of renewable energies & stable grids and thus maintaining a high quality of life for people living in cities. In addition, electronic systems are being made compatible with technology upgrades owing to the improved optimization of technology. Home appliances and other electronic systems, particularly the in-house security infrastructure such as automated door locks, smart plugs, and lighting are designed to interact with consumers through the internet. Thus, adoption of smart home and smart grid technology has the potential to drive the sales of gate driver ICs. Electronic devices are employed in smart grids and smart homes to ensure power utilization require the usage of gate driver ICs to save energy consumption, thus, positively impacting the gate driver IC and its demand, which, in turn, drives the gate driver IC market growth.
Design Complexities of Gate Driver ICs
One of the major factors that hinder the gate driver IC market growth is design complexity. Generally, microprocessors contain many transistors and lengthy copper lines. In addition, transistors should be highly reliable. The design chain of gate driver IC is much more complex than other processers. Various complexities such as slimmer versions of ICs, usage of metallic cases, and others hinder the efficiency of the gate drivers. Designing a suitable gate driver requires careful attention, precision, and skilled workforce, which majorly restricts the growth of the gate driver IC market. The high cost associated with installation in vehicles is expected to limit the growth of the global market as this factor leads to higher cost of cars. Thus; the aforementioned factors are expected to have a significant impact on the growth of the market.
Asia-Pacific would exhibit the highest CAGR of 5.8% during 2020-2030
Key Benefits for Stakeholders
- This study comprises analytical depiction of the gate driver IC market size along with the current trends and future estimations to depict imminent investment pockets.
- The overall gate driver IC market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The present gate driver IC market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and the sensor market share of key vendors.
- The report includes the market trends and the gate driver IC market share of key vendors.
Gate Driver IC Market Report Highlights
By Transistor Type
By Semiconductor Material
By Mode Of Attachment
By Isolation Technique
Key Market Players
STMICROELECTRONICS, SEMTECH CORPORATION, ON SEMICONDUCTOR, INFINEON TECHNOLOGIES AG, NXP SEMICONDUCTOR, TEXAS INSTRUMENTS, RENESAS ELECTRONICS, TOSHIBA CORPORATION (TOSHIBA TEC CORPORATION), MITSUBISHI ELECTRIC CORPORATION, ROHM SEMICONDUCTORS
The gate driver IC market is highly competitive, owing to strong presence of the existing vendors. Gate driver IC technology vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals as they have the capacity to cater to the global market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by the key vendors.
The gate driver IC market possesses high growth potential in the electronics industry and automotive industry. The current business scenario is witnessing an increase in demand for smart electronics, particularly in the developing regions such as China, India, and others, due to upsurge in population and rise in demand for consumer electronics. Companies in this industry are adopting various innovative techniques, such as mergers and acquisition, to strengthen their business position in the competitive matrix.
The market growth is supplemented by proactive industrialization efforts and surge in the manufacturing output due to technological advancements. These factors have allowed the emerging markets to evolve as the largest markets during the forecast period both from the demand as well as the supply side. Public & private organizations have substantially invested in R&D activities and fabrication techniques to develop cost-effective gate driver ICs. Asia-Pacific region is the major revenue contributor to the global market, followed by Europe. The market growth in Asia-Pacific and Europe is expected to significantly increase during the forecast period. The power MOSFET market provides numerous growth opportunities to the market players such as Infineon Technologies, NXP Semiconductors, ROHM Semiconductors, ON Semiconductor, and Semtech, and others. These companies are engaged in the process of product innovation, collaboration, and acquisition to expand their services across various regions.