Home > Semiconductors & Electronics > MOSFET and IGBT Gate Driver Market
MOSFET and IGBT Gate Driver Market Size
MOSFET and IGBT Gate Driver Market is projected to experience a healthy growth from 2024 to 2032, as a result of the increasing rate of power cuts and the robust demand for UPS systems. Considering the high-current and high-voltage characteristics, MOSFETs and IGBTs are utilized as switching devices in UPS and other power electronic applications.
The surging weather-related outage is therefore expected to promote the usage of MOSFET and IGBT gate driver circuits for use in power supplies. For instance, as per the reports in April 2022, power cuts doubled in the U.S. over the past two decades, as severe weather stirred more destructive storms that crippled the aging electrical grid.
MOSFET and IGBT Gate Driver Market Trends
The MOSFET and IGBT gate driver industry is witnessing significant trends driven by the growing demand for energy-efficient power electronics in various applications like automotive, renewable energy, and industrial sectors. Key trends include the adoption of advanced gate driver technologies to enhance switching speed, reduce power losses, and improve reliability. Additionally, there's a rising emphasis on compact and integrated gate driver solutions to address space constraints and simplify system design. Moreover, increasing investments in semiconductor manufacturing technologies and the emergence of wide-bandgap materials like SiC and GaN are influencing market dynamics, driving further innovations in MOSFET and IGBT gate drivers.
MOSFET and IGBT Gate Driver Market Analysis
IGBT gate driver segment will record strong CAGR from 2024 to 2032, on account of the strong vehicle demand. As per the European Automobile Manufacturers Association, in October 2022, new car registration rose by 14% to reach 910,753 vehicles in the EFTA, UK, and EU. The vehicle sales will fuel the need for a gate driver circuit for IGBT for inverters to control automotive main motors and improve their efficiency. Its application scope as a switcevhing device in inverter circuits to drive large to small motors will also boost the segment share.
Based on the application, the electric vehicles segment is set to account for a considerable share of the MOSFET and IGBT gate driver market by 2032, considering the high preference for sustainable transport. The concerns pertaining to climate and GHG emissions are encouraging consumers to shift to EVs. With the growing global efforts to reach a net-zero carbon emission target, the EV sales will increase, boosting the consumption of MOSFET and IGBT-based EV traction systems.
Europe MOSFET and IGBT gate driver industry size will amass considerable profits between 2024 and 2032, due to the rise in PC game downloads. According to data from the German Games Industry Association, in 2021, 6 in 10 console and PC games were purchased as downloads in the country. These factors will amplify the production of gate drivers for transistors in modern CPUs. In addition, the mounting sales of smartphones and other electronic devices will assert a positive influence on the market dynamics over the foreseeable future.
MOSFET and IGBT Gate Driver Market Share
The competitive landscape of the market comprises companies such as:
- ROHM Semiconductor
- Powerex (BC Hydro)
- Renesas Electronics Corporation
- Toshiba
- Analog Devices
- Semtech Corporation
- Broadcom
- Vishay Intertechnology
- Power Integrations Inc.
- Microchip
- NXP Semiconductors
- Infineon Technologies
- STMicroelectronics
- ON Semiconductor
- Texas Instruments
Product range diversification and business expansions are some of the strategies undertaken by these companies to reinforce their presence in the market.
MOSFET and IGBT Gate Driver Industry News
- In November 2023, Broadcom Inc., a prominent technology company specializing in semiconductor and infrastructure software solutions, finalized its acquisition of VMware, Inc.
- In November 2023, Littelfuse unveiled a new optically isolated photovoltaic gate driver designed for MOSFETs and IGBTs, named FDA117. With input to output isolation of 5kVrms (6kVrms at 50 or 60Hz for 1s), this driver is intended for applications in industrial, energy, building automation, and smart homes.