MOSFET AND IGBT GATE DRIVERS MARKET ANALYSIS

MOSFET and IGBT Gate Drivers MarketSize and Trends

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.

Market Trends

The market for MOSFET and IGBT Gate on the basis of region is segmented into six regions namely, North America, Europe, Asia Pacific, Latin America, The Middle East, and Africa.

Asia Pacific held the dominant position in the market for the MOSFET and IGBT gate Driver in 2017 and is projected to retain its dominance throughout the forecast period. This is due to high production of consumer electronics and appliances in the region, which is affecting the market growth. India, China, and Japan are some of the major emerging economies in the region with high production of electronic goods. For instances, according to India Brand Equity Foundation (IBEF), May 2018, the India electronic market is expected to exhibit 41% CAGR in the forecast year (2017-2020) and is expected to reach US$ 400 Billion by 2020. This is expected to lead to high adoption of MOFSET and IGBT gate, thus aiding in growth of the market. Furthermore, high sales of electric vehicles in Asia Pacific have also accelerated growth of the market in this region. For instance, according to Coherent Market Insights’ analysis, in 2017, the sales of electric vehicle in Asia Pacific was around 426 thousand units. China held the dominant position in the sales of electric vehicle in 2017. In 2017, the sales of electric vehicle in China was 378 thousand units.