The Global Gate Driver ICs Market size is expected to reach $2.1 billion by 2024, rising at a market growth of 8.0% CAGR during the forecast period

NEW YORK, May 14, 2019 /PRNewswire/ -- The Global Gate Driver ICs Market size is expected to reach $2.1 billion by 2024, rising at a market growth of 8.0% CAGR during the forecast period.

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A gate driver is a power amplifier which accepts a low-power input from a controller IC and produces a high-current drive input for a high-power transistor gate such as an IGBT or power MOSFET. Gate drivers are available across the market either on-chip or as a discrete module. Essentially, a gate driver consists of a level shifter in combination with an amplifier. A gate driver IC plays the role of an interface between control signals (digital or analog controllers) and power switches (IGBTs, MOSFETs, SiC MOSFETs, and GaN HEMTs). An integrated gate-driver solution eliminates design complexity, development time, bill of materials (BOM) and board space while strengthening reliability over discreetly implemented gate-drive solutions.

Based on Transistor Type, the market is segmented into MOSFET and IGBT. Based on Semiconductor Material, the market is segmented into SiC and GaN. Based on Mode of Attachment, the market is segmented into On-chip and Discrete. Based on End User, the market is segmented into Industrial, Commercial and Residential. The use of the gate driver IC market in consumer electronics and electric vehicles is expected to drive the gate driver IC technology market during the forecast period. The need for smart power management services and standardized hardware platforms by emerging sectors has increased the use of gate driver IC. The US is the fastest adopter of this technology, due to which the productivity of consumer electronics devices, upcoming automotive technology such as electric & hybrid vehicles, healthcare monitoring systems, and others is high. The rising disposable income of the US-based citizens influences the sales of the equipped gate driver ICs.

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Infineon Technologies AG, Mitsubishi Electric Corporation, Nxp Semiconductor, On Semiconductor, Rohm Semiconductors, Renesas Electronics, Stmicroelectronics, Semtech Corporation, Texas Instruments, Toshiba Corporation, and Dialog Semiconductor PLC.

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