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Base Year: 2024
Companies covered: 18
Tables & Figures: 488
Countries covered: 19
Pages: 185
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Gate Driver IC Market
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Gate Driver IC Market Size
The global gate driver IC market size was valued at USD 1.6 billion in 2024, with a volume of 560.1 million units, and is estimated to grow at a 5.2% CAGR from 2025 to 2034. The demand for gate driver IC is growing significantly owing to the growing adoption of electric and hybrid electric vehicles (EV/HEV) along with increasing deployment of industrial automation and robotics.
The gate driver IC market and the entire global semiconductor supply chain were affected by the tariffs imposed on Chinese imports during Trump’s administration. Numerous American and foreign electronic companies relied on Chinese parts and materials. The increase in costs due to the tariffs resulted in additional production costs, supply uncertainties and sourcing strategies. In the case of gate driver IC manufacturers, especially for products integrated into EVs, industrial machinery, and consumer electronics, these tariffs exacerbated risks of delays and increased costs. Consequently, businesses were compelled to diversify their supply chains, invest into domestic production, or pass on costs to end-users. This suppressed the pace of market growth throughout the period in question.
The shift towards electrification in the automotive industry is the main driver for the gate driver IC market. Driver ICs are crucial for the powertrain systems of electric vehicles (EV), enabling the efficient control of high-voltage devices like inverters and onboard chargers. In electric and hybrid vehicles, gate driver ICs play an important role as fully electric and hybrid electric vehicles require high-speed, precise switching for enhanced energy efficiency. As stated by IBEF, in 2023, the global EV market accounted for USD 255.54 billion, and by 2033 the market is expected to reach USD 2.1 trillion. This exponential growth highlights a strong demand line for electronic components, especially for driver ICs which aid in sophisticated power management. Thus, the growing EV market is likely to drive the growth of the gate driver IC market substantially in the next decade.
Gate driver IC manufacturers should develop high-speed, energy-efficient ICs tailored for EV powertrain systems, including inverters and onboard chargers, to support the rising demand for precise power control amid the rapid growth of the global electric vehicle market.
The increasing adoption of industrial automation and robotics within manufacturing, logistics, and process industries is also driving demand for gate driver ICs. These ICs are essential to power motor drives, actuators, and power converters in automated systems. With the conversion of manufacturing facilities into smart manufacturing hubs, there is high demand for high-speed, compact, and reliable switching solutions, such as gate driver ICs. This market will remain a stable and long-term source of growth for gate driver IC suppliers as developed and emerging markets push the drive towards Industry 4.0.
Gate driver IC manufacturers should focus on developing compact, high-speed, and robust ICs designed for motor drives and actuators of smart manufacturing systems to leverage the increasing demand for industrial automation and global trend towards Industry 4.0.
Gate Driver IC Market Trends
Gate Driver IC Market Analysis
On the basis of transistor type, the market is divided into MOSFET, IGBT and others.
On the basis of mode of attachment, the gate driver IC market is divided into on-chip and discrete.
On the basis of isolation type, the gate driver IC market is divided into isolated gate drivers and non-isolated gate drivers.
On the basis of end use industry, the gate driver IC market is divided into consumer electronics, automotive, energy & power, telecommunications and others.
Gate Driver IC Market Share
The gate driver IC industry is highly competitive. The major 4 players in the market are Infineon Technologies, Onsemi, STMicroelectronics, Texas Instruments accounting for a significant share of over 41.2% in the market.
The gate driver IC market is characterized with a number of key players, including well known semiconductor companies as well as emerging innovators. Businesses within this part of the industry area concentrate on the integration of new technologies, such as GaN and SiC, which aids in improving performance and efficiency. Strategic alliances with automotive original equipment manufacturers (OEMs) and industrial equipment manufacturers (IEMs) are also becoming common, enabling companies to access long term contracts and growth opportunities in electric vehicles as well as renewable energy powered systems.
Another important approach for players in the market is product diversification where specialized gate drivers are being designed and manufactured for various uses, such as in automotive powertrains and industrial motor control systems. In addition, there is an increase in spending in research and development to develop high-speed, isolated, bi-directional gate drivers that provide compact and more efficient solutions. There is also a shift towards regional development, especially in China and India, in order to take advantage of the rising adoption of automation, electrification, and clean energy technologies. In this fast-changing industry, there is an increase in the mergers and acquisitions in order to enhance competence in technology and increase market presence.
Gate Driver IC Market Companies
Some of the prominent market participants operating in the industry include:
Infineon's strategy aims to expand the production of wide bandgap semiconductors, especially the SiC and GaN-based gate driver integrated circuits (ICs). The company strongly focuses on vertical integration, R&D spending, as well as strategic partnerships with EV and industrial automation OEMs. In addition, the company’s approach includes increasing global manufacturing capacity to improve supply reliability and fulfill growing demand.
Texas Instruments' strategy focuses on developing high performance, energy-efficient gate driver ICs for the automotive, industrial, and power supply sectors. The company capitalizes on its in-house manufacturing capabilities and analog design. Long product life cycles, strong distribution relationships, and continual advancement in innovations for isolated and high voltage drivers remain a priority for TI.
Gate Driver IC Industry News
The gate driver IC market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue (in USD Million) & volume (in Units) from 2021 to 2034, for the following segments:
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Market, By Transistor Type
Market, By Mode of Attachment
Market, By Isolation Type
Market, By End Use Industry
The above information is provided for the following regions and countries: