The optocoupler IC market 2020 is expected to earn remarkable revenue. Optocoupler IC uses light sensitive optical interface for transferring electrical signal between two isolated circuits. It is used in the applications in audio amplifiers, microphones, etc. It is the rising demand for smart home devices that can be accredited the growth of the optocoupler IC market in the upcoming years. The need for compact and energy efficient devices is presumed to lead the proliferation of the market in the foreseeable future. In addition, the governments are promoting miniaturization of electronic products to curb emissions. This trend is gaining popularity and is projected to accelerate revenue creation in the optocoupler IC market over the assessment period. It is anticipated to unleash growth opportunities for the players during the forecast period.
Type Based Assessment
Several types of the product are available in the market. Each of these types serve different purpose. Recently, the high-speed optocoupler had gained much popularity. It is anticipated to witness large-scale sales over the next few years. New products are being developed and introduced which is projected to augment optocoupler IC market in the coming years. Other types of the product available in the market are as follows - high linearity optocouplers, logic output optocouplers, transistor output optocouplers, MOSFET output optocouplers, TRIAC & SCR output optocouplers, and others
End Use Analysis
Automotive, consumer electronics, aerospace and defense etc. are some of the industries that leverage the use of optocoupler ICs. Automotive industry is witnessing a drive if electrification which supports the future of the market on the industry. Industry leaders are emphasizing on the development of technologies that support high speed communication between applications.
Renesas Electronics Corporation (Japan), Semiconductor Components Industries LLC (US), Toshiba Corporation (Japan), Broadcom Inc (US), Lite-On Technology Inc (Taiwan), Vishay Intertechnology, Inc (US), Taiwan Semiconductor Mfg. Co. Ltd. (Taiwan), Infineon Technologies AG (Germany), Everlight Electronics Co., Ltd. (Taiwan), IXYS Corporation (US), Standex Electronics, Inc. (US), Phoenix Contact (Germany), Panasonic Corporation (Japan), Sharp Corporation (Japan), and TT Electronics (UK) are few of the key players operative in the global optocoupler IC market. These players are investing in latest technologies to support ongoing trends in electrical and electronics industry such as miniaturization. It is, in turn, expected to drive the expansion of the market in the foreseeable future. Presently the market landscape is characterized by the consolidation of semiconductor fabrication companies and electronic component manufacturers. New players are expected to join the existing players and intensify competition. Performance, reliability, and quality are some of the aspects that are focused on by key players to sustain the curve.
North America is supposed to exercise dominance over the global optocoupler IC market. It's is the repaid technological advancements in this region which is expected to drive market growth in the foreseeable future. In addition, rising demand in the region for consumer electronics is supported by strong economic development. Countries such as the United States are expected to witness high demand for latest smartphones and other gadgets. These optocoupler IC market trends are supposed to propel expansion in the region in the upcoming years. The automotive industry has been witnessing electrification at a rapid pace. Its rising adoption in North America is expected to lead market augmentation over the forecast period. The companies based out of this region are increasing investments in the automotive industry. This is also prognosticated to support the expansion of the optocoupler IC market.
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