Global Gate Driver IC Market 2018-2022
About Gate Driver IC
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. A gate driver IC can be provided either on-chip or as a discrete module and consists of a level shifter in combination with an amplifier.
Technavio’s analysts forecast the Global Gate Driver IC Market to grow at a CAGR of 6.84% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global gate driver IC market. To calculate the market size, the report considers the generated from the sale of gate driver ICs, MOSFETs, and IGBTs in particular.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Gate Driver IC Market 2018-2022
Technavio recognizes the following companies as the key players in the global gate driver IC market: Infineon Technologies, NXP Semiconductors, Renesas Electronics, STMicroelectronics, and TOSHIBA
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increasing electromobility in vehicles. The increasing electromobility in vehicles such as buses, agriculture EVs, and heavy-duty mining vehicles has accelerated the use of power transistors worldwide. Power transistors are essential components for achieving electrification in various types of machineries. The increasing adoption of hybrid-powered machineries is mainly owing to the rising fuel prices in recent years. The use of power transistors in vehicles not only reduces CO₂ emission in cities but also enhances the performance and efficiency of vehicles. Thus, the increasing electromobility in vehicles is a recent trend that is expected to propel the growth of the global gate driver IC market during the forecast period.”
According to the report, one driver influencing this market is the growth in smart home and smart grid technology. Smart grids primarily use information and communications technology. The smart grid industry has the potential to drive the sales of gate driver ICs during the forecast period. Electronic devices employed in smart grids in the process of ensuring efficient power utilization require the use of gate driver ICs to save energy without compromising on performance.
Further, the report states that one challenge affecting this market is the increase in the design complexity of chips. The complexity in the manufacturing and design of gate driver ICs increases the production cycle time for vendors and causes delays in product delivery.
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