MOSFET AND IGBT GATE DRIVERS MARKET ANALYSIS

Market Challenges And Opportunities

Increasing growth in the electronic devices industry is a major driving factor for growth of the global MOSFET and IGBT gate driver market

IC drivers of MOSFET and IGBT are primarily used in electronic devices as a switch and also as amplifiers i.e. to change an ongoing process to a higher voltage. Increasing demand for electronic devices is one of the key driving factors for growth of the market. For instance, according to 2015 report by Hong Kong Science and Technology Parks (HKSTP), the global consumer electronics market is projected to reach US$ 2,976 billion by 2020, with a CAGR of 15.4% in the forecast period (2015-2020). MOSFETs can operate at high frequencies and can perform fast switching applications with little turn-off losses. IGBT combines the simple gate-drive characteristics found in the MOSFET with the high-current and low-saturation-voltage capability of a bipolar transistor. IGBT gate are often used with amplifiers and to generate large power pulses, hence are useful in modern appliances such as electric cars, trains, variable-speed refrigerators, and air conditioners. Hence, these IC driver gates market is affected by growth in the electronic device market. In addition to this, increasing sales of electric vehicles is also expected to aid in growth of the market. For instance, according to Coherent Market Insights’ analysis, in 2017, the global sales of electric vehicle was 962 thousand units up from 695 thousands units in 2016.