According to a new report, published by KBV research, The Global Gate Driver ICs Market size is expected to reach $2.2 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 826.2 million units, experiencing a growth of 10.8% (2019-2022).
The MOSFET segment is registering maximum revenue in the Global Gate Driver ICs Market, By Transistor Type in 2022; thereby, achieving a market value of $1.5 Billion by 2030. MOSFETs offer higher efficiency and performance characteristics than other power semiconductor devices, such as BJTs (Bipolar Junction Transistors). They have low on-resistance (RDS) and fast switching speeds, reducing power losses and improving system efficiency. Furthermore, MOSFET technology allows for the miniaturization and integration of power semiconductor devices, enabling the development of compact and high-density gate driver ICs.
The GaN segment would exhibit a CAGR of 6.2% during (2023 - 2030). GaN exhibits high electron mobility compared to traditional silicon-based materials. This property allows GaN devices to operate at higher frequencies and switching speeds, enabling efficient power switching and control in power electronics applications. Additionally, GaN devices offer high breakdown voltages, allowing them to handle high voltages and power levels. This characteristic makes GaN suitable for high-power applications such as automotive powertrains, renewable energy systems, and industrial motor drives.
The On-chip segment is generating highest revenue in the Global Gate Driver ICs Market, By Mode of Attachment in 2022; thereby, achieving a market value of $1.3 Billion by 2030. On-chip gate driver ICs offer the advantage of integration, allowing manufacturers to combine multiple functions into a single chip. This integration reduces the size and complexity of the overall system, making it ideal for applications where space is limited, such as in smartphones, wearables, and IoT devices. On-chip gate driver ICs are designed to provide efficient power management and control, leading to improved energy efficiency in electronic devices.
The Industrial segment is experiencing a CAGR of 4.7 % during (2023 - 2030). Gate driver ICs are widely used in industrial motor drives for controlling electric motors' speed, direction, and torque. They provide precise and efficient switching of power semiconductor devices, enabling smooth motor operation in various industrial applications such as conveyor systems, pumps, compressors, and fans. Additionally, gate driver ICs play a crucial role in industrial inverters and converters used for converting DC power to AC or vice versa.
Full Report: https://www.kbvresearch.com/gate-driver-ic-market/
The Asia Pacific region dominated the Global Gate Driver ICs Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $946.4 Million by 2030. The Europe region is anticipated to grow at a CAGR of 4.7% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 4.4% during (2023 - 2030).
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 Geography (Volume, Million Units, USD Billion, 2019-2030)
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