Get Driver Market: Global Industry Analysis and Forecasts (2023-2029)

Get Driver Market was valued nearly US$ 1.84 Bn in 2022. Get Driver Market size is estimated to grow at a CAGR of 5.1 % & is expected to reach at US$ 2.62 Bn. by 2029.
Get Driver Market Overview:
In recent years, a substantially higher number of home appliances, EVs, hybrid vehicles (including mild hybrids), & renewable energy goods include on-board dedicated power semiconductor devices. The majority of these applications use power MOSFETs & IGBTs as power switches, while gate drivers & IGBT and MOSFET applications have varied adoption rates. MOSFETs were coupled to more than 60% of gate drivers used in power applications in the year 2022. The revenue gap between MOSFET & IGBT gate drivers, however, is rapidly closing.

Gate driver ICs will profit from power semiconductors' 6.1 % CAGR from 2018 to 2022, according to MMR report study. The gate driver IC market revenue, which was $819.78 million in the year 2022, is expected to grow at a CAGR of 5.1 % from 2023 to 2029.To know about the Research Methodology :- Request Free Sample Report

According to MMR report study, the demand for isolation integration will push up the usage of single channel & half bridge gate driver ICs in the next years. In the year 2022, half bridge gate driver ICs were anticipated to account for more than 40% of gate driver revenues. With roughly 30% of revenue, single side gate driver ICs were the 2nd most prevalent architecture. For low-mid power, full bridge & three phase gate drivers are commonly used in motor control & inverter applications.

MMR study examines the differences in topologies & assesses the market size for single channel, half-bridge, full bridge, & three phase gate drivers in this report. It also divides the market into automotive, consumer, industrial, computing, & communication applications, as well as voltage ranges of 400V, 400V-1,200V, and >1,200V. In this report, MMR seeks to provide a thorough overview of market segments, opportunities, business models, & technological trends related to gate driver ICs.
Get Driver Market Segment Overview:
Due to technology improvements such as galvanized isolated gate drivers, greater voltage protection capabilities, & the large product range supplied by manufacturers, the MOSFET & IGBT Gate Driver Market is expected to grow rapidly in the future years. MOSFETs & IGBTs are utilised in on-board chargers, power supplies, & other devices to provide the appropriate current & voltage levels for accurately and efficiently activating a power stage, resulting in a larger demand for these components. Power switches are frequently seen in power electronics applications. For these switches, the best gate drive solution prevents failures & shutdowns while also providing short-circuit & over-current safety. These components provide shoot-through protection, which prevents current from overflowing when two devices, like transistors, are turned on at the same time.

The need for MOSFET & IGBT gate drivers is mostly driven by industrial applications. For improved power economy & greater control of speed & position, industrial motor drives are increasingly being powered by an electronic control system. To achieve the needed efficiency, these applications must have minimal conduction period losses & switching times. The MOSFET & IGBT gate driver market in industrial motor drives applications is growing because these components can control the current flow for two or more motor coils, allowing full control of motor direction and speed. The power electronics industry's rapid growth is influencing the growth. Power electronics devices are in high demand in power supply applications due to rising electricity usage. In the year 2022, the US generated 4,178 Bn kilowatt-hours (kWh) of electricity, according to the US Energy Information Administration.

Other factors driving the growth of the MOSFET & IGBT gate driver market include the growing electric car industry & photovoltaic inverter applications in solar-powered gadgets. As people become more aware of environmental pollution & the need to improve vehicle efficiency, hybrid and electric vehicles are becoming more popular. The power electronics devices aid in enhancing overall vehicle performance by increasing energy efficiency & lowering conversion losses. These components are utilised in a variety of applications, including energy storage, high-power chargers, and electric car onboard charging. Norway, France, & China are all working hard to provide the necessary infrastructure to support the growth of electric vehicles in their respective countries.

Isolated gate drivers are expected to make a substantial contribution since they allow for faster switching & more reliable control in MOSFET & IGBT designs. Isolated gate drivers have the advantage of being able to overcome the limits of other high-voltage gate drivers by providing both powerful gate driver performance & the electrical isolation required for system architectural safety & durability. Isolated gate drivers, for example, come with features like a 50-year lifetime at 400 V RMS working voltage, a maximum propagation delay of 50 NS, and more. The galvanic isolated gate driver has a large output-side supply range, short circuit protection, DESAT protection, & other features which make it popular among MOSFET & IGBT gate drivers.

The presence of a big semiconductor sector, especially in the U.S, the MOSFET & IGBT gate driver market in North America will have a larger growth potential. According to the Semiconductor Industry Association, the country controls roughly 45 percent of the worldwide semiconductor industry. Furthermore, through Semiconductor % Corporation, the U.S manages initiatives such as the Nanoelectronics Research Initiative (NRI), which funds university research towards technological improvements in semiconductor technologies.

Due to its large industrial manufacturing sector & consumer electronics industry, Asia Pacific is another rapidly increasing region in the MOSFET & IGBT gate driver market. According to the MMR report study , manufacturing in the region increased by 6.5 % in the fourth quarter of 2022. Furthermore, as the economy has grown, there has been a surge in demand for consumer electronics products like smartphones, laptops, & other gadgets that can support wireless charging circuits & large currents. According to the MMR report, the number of unique mobile customers in Asia Pacific was 2.7 Bn in the year 2022. Furthermore, countries like Japan have a big number of manufacturers, like Renesas Electronics Corporation, ROHM Semiconductor, & others.

The objective of the report is to present a comprehensive analysis of the Get Driver Market to the stakeholders in the Application. The past and current status of the Application with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the Application with a dedicated study of key players which include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the Application to the decision-makers.

The report also helps in understanding the Get Driver Market dynamics, structure by analyzing the Market segments and project the Get Driver Market size. Clear representation of competitive analysis of key players by Product Type, price, financial position, Product Type portfolio, growth strategies, and regional presence in the Get Driver Market make the report investor’s guide.
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Global Get Driver Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
5.1%
US$ 1.84 Bn
US$ 2.62 Bn


Segments Covered


by Product
Gate Driver Ics
Intelligent Power Modules (IPMs)
Plug-and-Play (PnP) driver boards
by Application
Industrial Motor Drives
Consumer Electronics
Solar-Powered Devices
Power Supplies
Electric Vehicles


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players are:
1. INFINEON TECHNOLOGIES AG
2. MITSUBISHI Electric Corporation
3. NXP Semiconductors
4. ON Semiconductors
5. ROHM Semiconductors
6. RENESAS Electronics
7. ST Microelectronics
8. SEMTECH CORPORATION
9. TEXAS INSTRUMENTS
10. TOSHIBA CORPORATION
11. Dialog Semiconductors PLC
12. Microchip Corporation
13. Mouser Electronics

FAQ’S:

1) What is the share of the Global Get Driver Market in 2022?
Answer: The Global Get Driver Market was accounted for 1.84 Bn in the year 2022.

2) Which Application segment is dominating the Global Get Driver Market?
Answer: Air Purification segment is the dominating Application segment in the market.

3) What are the key players in the Global Get Driver Market?
Answer: INFINEON TECHNOLOGIES AG, MITSUBISHI Electric Corporation, NXP Semiconductors, ON Semiconductors, ROHM Semiconductors, RENESAS Electronics, ST Microelectronics, SEMTECH CORPORATION, TEXAS INSTRUMENTS, TOSHIBA CORPORATION, Dialog Semiconductors PLC, Microchip Corporation, Mouser Electronics.

4) Which region has the largest share in Global Get Driver Market??
Answer: Europe region holds the highest share in 2022.