MOSFET AND IGBT GATE DRIVERS MARKET ANALYSIS

Regional Analysis

Global MOSFET and IGBT Gate Driver Market: Regional Insight

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.

North America held the second-largest share in 2017, owing to high growth of electronics market in this region. The U.S. and Canada are major growth engines in the region. The market for electronic goods and related trade has witnessed a significant increase in the recent past in the region. For instance, according to Trade Statistics of International Business Development, the exports of electrical machinery and equipments in 2017 was US$ 174.2 million up from US$167.1 million in 2016 in the United States. As MOSFET and IGBT gate are essential components in consumer appliances, demand for MOSFET and IGBT Gates, is expected to increase significantly with rise in demand for such products. This is in turn expected to aid in growth of the market in the region during the forecast period (2018-2026).