LONDON--(BUSINESS WIRE)--The global gate driver IC market is expected to grow at a CAGR of close to 7% during the period 2018-2022, according to a new market research study by Technavio.
The report presents a comprehensive research of the global gate driver IC market by application (industrial, automotive, and consumer) and by product type (MOSFETs and IGBT gate drivers). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
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Market driver: growth in smart home and smart grid technology
Electronic systems are being made compatible with technology upgrades owing to the improved optimization of technology. Home appliances and other essential electronic systems, particularly the in-house security infrastructure such as automated door locks, are designed to communicate and interact with consumers through the Internet. Smart grids are essentially a framework where a class of technology uses automation to integrate user's action and deliver sustainable and secure electricity to the user in the most efficient way by connecting to the electric infrastructure of the user and reduce wastage.
According to a senior analyst at Technavio for embedded systems research, “Smart grids mainly use information and communications technology. During the forecast period, the smart grid industry has the potential to drive the sales of gate driver ICs. Electronic devices employed in smart grids to ensure efficient power utilization requires the use of gate driver ICs to save energy without compromising on performance.”
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Market trend: shift toward renewable energy sources
The use of power transistors in various renewable energy systems has increased due to the shift toward renewable energy sources to conserve electricity has accelerated. Implementation of GaN semiconductors in solar power systems and electric vehicles can lead to power conservation. However, the shift toward renewable energy sources requires high-power semiconductors per megawatt of power generated. Additionally, several government initiatives promote the use of renewable sources of energy. In recent years, the rising awareness among consumers to save energy has augmented the use of power transistors among consumer electronic good manufacturers in recent years.
Market challenge: increase in the design complexity of chips
The decline in radio performance can be attributed to the increase in design complexities such as slimmer version, use of metallic cases, and larger displays in smartphones. The efficiency of RF transmission is calculated by the power transmitted by the antenna divided by the power consumed by the power amplifier to generate transmission. A large amount of signal strength is lost between the antenna and other receivers in smartphones. As a result, the power amplifier needs to deliver more power to transmit the signal from the antenna; this leads to a reduction of up to 75% in terms of radio efficiency.
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