MOSFET and IGBT Gate Drivers Market Size, Share, Growth, And Industry Analysis, By Type (Single Channel Gate Drivers, Half-bridge Gate Drivers, Full Bridge Gate Drivers, Three Phase Gate Drivers, and Others), By Application (Home Appliance, Automotive, Display & Lighting, Power Supply, and Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

MOSFET and IGBT Gate Drivers Market Report Overview

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global mosfet and igbt gate drivers market size was USD 1533 million in 2020 and market is projected to touch 2747.21 Million By 2031, exhibiting a CAGR of 5.5% during the forecast period.

MOSFET and IGBT gate drivers are semiconductor components used in electrical circuits for amplifiers of signals and switching. The fundamental component of integrated circuits, thin-film transistor LCDs, discrete transistors, and digital logic is the MOSFET. IGBTs, on the other hand, are employed in large- and middle-capacity versions, which contributes to their great efficiency and ability to save space. Power and contemporary electronic circuits frequently use these two transistors.

Due to a number of causes, the MOSFET and IGBT gate drivers sector is expanding. First, the need for effective gate driver solutions is being driven by the rising demand for energy-efficient devices and power electronics in a variety of industries, including automotive, consumer electronics, and renewable energy. The development of high-performance gate drivers with greater control and protection features as a result of technological developments has also fueled the expansion of the market. Further boosting the need for IGBT gate drivers are the expanding use of electric vehicles and the development of the renewable energy industry.

COVID-19 Impact: Economic Uncertainties Led to Decrease in Demand for the Drivers from Various Industries 

The market for IGBT gate drivers has suffered from the COVID-19 epidemic in a number of ways. Due to economic uncertainty and lockdown measures, many industries, including the automotive, industrial, and consumer electronics, had a fall in demand during the epidemic. Due to their widespread application in these sectors, MOSFET drivers saw a decrease in demand. Businesses adopted a more cautious stance as a result of the epidemic, which decreased their investments in new initiatives and infrastructure. As a result, businesses delayed or scaled back their expansion plans, which had an effect on the demand for MOSFET gate drivers.

Latest Trends

"Creation of Smart Drivers with Built-in AI Allows Intelligent Decision-making for Electrical Systems "

The creation of smart gate drivers with built-in artificial intelligence (AI) capabilities is among the most recent advancements in the MOSFET and IGBT gate drivers industry. To optimize switching behavior, boost productivity, and increase system dependability, these gate drivers employ AI algorithms. They are capable of adapting to various load scenarios and dynamically adjusting gate signals for best performance. With the help of this innovation, system efficiency can be increased while downtime is decreased. It also enables real-time monitoring, fault identification, and predictive maintenance. AI-enabled gate drivers also provide sophisticated security measures and allow for intelligent decision-making for power electrical systems.

MOSFET and IGBT Gate Drivers Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into single channel gate drivers, half-bridge gate drivers, full bridge gate drivers, three phase gate drivers, and others.

• By Application Analysis

Based on application, the market can be divided into home appliance, automotive, display & lighting, power supply, and others.

Driving Factors

"Expanding Electric Vehicle Market is Significantly Driving the Gate Drivers Market "

An important driving force for MOSFET and IGBT gate drivers is the rapidly expanding electric vehicle (EV) sector. For motor control, battery management, and charging systems, electric cars primarily rely on power electronics. The effective switching and control of power devices is provided by MOSFET gate drivers, which are essential parts of these applications. Advanced gate drivers are increasingly necessary to enable high-power, high-efficiency systems as the demand for electric vehicles rises, which is propelling the market's expansion.

"Developing Renewable Energy Sector is Driving the Demand for the Gate Drivers"

The market for MOSFET and IGBT gate drivers is also being driven by the growth of the renewable energy sector. Power conversion and control systems must be effective for renewable energy sources such as solar and wind energy. To enable effective energy conversion and grid integration, MOSFET gate drivers are employed in a variety of renewable energy applications, including inverters, converters, and grid-tie systems. The need for gate drivers is fueled by the increased use of renewable energy projects around the world since they enable dependable and high-performance power conversion solutions in these systems.

Restraining Factors

"High Price of these Sophisticated Components is a Major Barrier to the Gate Drivers Market Growth"

The high price of these sophisticated components is one of the restraints for MOSFET and IGBT gate drivers market growth. The sophisticated design and manufacturing procedures needed for MOSFET drivers might raise production costs. The incorporation of cutting-edge technology and the use of premium materials also add to the price. Gate drivers' relatively high price may prevent them from being widely used, particularly in markets or applications where cost reduction is a top priority. This would prevent market expansion.

MOSFET and IGBT Gate Drivers Market Regional Insights

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"Rapid Industrialization and Infrastructure Growth Are Positively Impacting the Asia Pacific Market Expansion"

Due to a number of variables, the MOSFET and IGBT gate drivers market share was dominated by Asia Pacific. To begin with, the area is home to important manufacturing centers including China, Japan, and South Korea, which are well-represented in the electronics and automotive industries. The gate drivers are heavily used in these sectors of the economy. Second, Asia Pacific has experienced fast industrialization and infrastructure growth, which has increased demand for power electronic systems. The demand for consumer electronics and automotive items has also increased as a result of the region's expanding population, rising disposable incomes, and growing urbanization. This has fueled the MOSFET gate drivers market expansion in the Asia Pacific region.

Key Industry Players

"Key Players Focus on R&D to Improve the Performance of their Products "

The market for MOSFET and IGBT drivers is being dominated by players who are employing a number of techniques. They concentrate on ongoing research and development to improve the effectiveness, dependability, and performance of their products. To increase output and cut costs, businesses engage in cutting-edge manufacturing techniques. In order to get access to new markets and consumer groups, they also work to increase their global presence through strategic partnerships, collaborations, and acquisitions. Players are also putting a focus on customer-centric strategies by offering specialized solutions, top-notch technical support, and post-sale services in order to forge strong client relationships and get a competitive edge in the industry.

List of Market Players Profiled

• Infineon Technologies (Germany)
• ON Semiconductor (U.S.)
• STMicroelectronics (Switzerland)
• ROHM Semiconductor (Japan)
• NXP Semiconductors (The Netherlands)

Report Coverage

This report covers the MOSFET and IGBT gate drivers market. The CAGR expected to be in during the forecast period, and also the USD value in 2020 and what it is expected to be in 2031. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.