Techno World MOSFET-and-IGBT-Gate-Drivers-Market | Page 2

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.
MOSFET and IGBT Gate Driver: 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.
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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