Market Scope
The global Optocoupler IC Market Share is deemed to reach USD 2.55 billion by 2023, as per predictions by MRFR. It can display a CAGR of 6.5% over the forecast period.
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Competitive Analysis
Renesas Electronics Corporation, Lite-On Technology Inc, IXYS Corporation, Taiwan Semiconductor Mfg. Co. Ltd., TT Electronics, Semiconductor Components Industries LLC, Sharp Corporation, Standex Electronics, Inc., Phoenix Contact, Infineon Technologies AG, Toshiba Corporation, Panasonic Corporation, Vishay Intertechnology, Inc, Everlight Electronics Co., Ltd., and Broadcom Inc are key players in the global optocoupler IC market.
Regional Analysis
North America is expected to lead the global Optocoupler IC Market Share owing to demand for high-end consumer electronic devices and adoption of signal isolators in automotive and industrial sectors. Presence of various manufacturers and investments by reputed brands in developing economies to lower production costs can augur favorably for the market. Recently, STMicroelectronics has launched the STIS0621 dual-channel digital isolator for industrial applications.
Segmentation
By type, the market has been segmented into MOSFET output optocouplers, high linearity optocouplers, logic output optocouplers, high-speed optocouplers, transistor output optocouplers, TRIAC & SCR output optocouplers, and others. The high-speed optocouplers are expected to register the highest CAGR during the forecast period. High standards of industrial networking and isolation required between components during voltage surges can drive the segment demand in the optocouplers market.
By pin, the market has been segmented into 4-pin, 5-pin, 6-pin, and 7-pin. The 7-pin optocouplers are expected to register the highest CAGR during the forecast period.
By vertical, the market has been segmented into automotive, solar, aerospace & defense, and consumer electronics. The automotive segment is expected to register the highest growth rate during the forecast period owing to its need for communication modules. High performance, reduced cost, and huge functionality benefits can drive the demand for optocoupler ICs in the market.
Industry News
Rohm has launched surface-mounted ac-dc converter ICs with optocoupler feedback to provide space between two ground references.
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Optocoupler IC MarketThe 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 the rising demand for smart home devices that can be accredited the growth of the optocoupler IC market in the upcoming years.
New products are being developed and introduced which is projected to augment optocoupler IC market in the coming years.
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.The global optocoupler IC market is growing at a growth rate of 5.9% according to the MRFR optocoupler IC market report.UIN regional terms, North America, leads the optocoupler IC market in 2018 owing to the early adoption of technologies and the growing consumer electronics market in the region.
Market HighlightsGlobal Optocoupler IC Market size is expected to grow from USD 1.86 Billion in 2020 to USD 2.55 Billion by 2027, at a CAGR of 6.5% during the forecast period.
Factors such as an increase in demand for electric and hybrid vehicles, rising demand for factory automation systems, and growth in the consumer electronics industry are expected to drive the demand for optocoupler ICs across the globe.On the basis of type, the market has been segmented into high linearity optocouplers, high-speed optocouplers, logic output optocouplers, MOSFET output optocouplers, transistor output optocouplers, TRIAC & SCR output optocouplers, and others.
The high-speed optocouplers segment dominated the market in 2020; this segment is expected to register the highest CAGR during the forecast period from 2020 to 2027.On the basis of a pin, the market has been segmented into 4-pin, 5-pin, 6-pin, and 7-pin.
In 2018, the 4-pin optocouplers were estimated to hold the largest market share; however, the 7-pin optocouplers are expected to register the highest CAGR during the forecast period.On the basis of vertical, the market has been segmented into automotive, aerospace & defense, solar, consumer electronics and others.
The consumer electronics segment dominated the market in 2020, however, the automotive segment is expected to register the higher CAGR during the forecast period from 2020 to 2027.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8668Key PlayersThe key players in the Optocoupler IC Market are identified across all the major regions are Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), Semiconductor Components Industries LLC (US), Broadcom Inc (US), Vishay Intertechnology, Inc (US), Lite-On Technology Inc (Taiwan), Taiwan Semiconductor Mfg.
Co. Ltd. (Taiwan), Everlight Electronics Co., Ltd. (Taiwan), Infineon Technologies AG (Germany), IXYS Corporation (US), Panasonic Corporation (Japan), Phoenix Contact (Germany), Sharp Corporation (Japan), Standex Electronics, Inc (US) and TT Electronics (UK).
The increasing demand for device miniaturization is anticipated to create opportunities for vendors operating in the global optocoupler IC market over the near future.
Rising stringent regulations on energy productivity and the environment is another major factor driving the market growth.
increased connectivity at low frequencies, Low cost, and others are some of the advantages of optocoupler IC that will correspondingly drive market growth in years to come.
These are a few optocoupler IC market trends.The global optocoupler IC market is growing at a growth rate of 5.9% according to the MRFR optocoupler IC market report.UIN regional terms, North America, leads the optocoupler IC market in 2018 owing to the early adoption of technologies and the growing consumer electronics market in the region.
In addition, the presence of numerous manufacturers of optocoupler ICs, such as Semiconductor Components Industries LLC, Vishay Intertechnology, Inc, and Broadcom Inc., plays a significant role in the growth of the market.
The rapid upsurge in the consumer electronics market and emerging technology adoption in emerging economies such as China and India will improve regional growth.the types of optocoupler IC are high linearity optocouplers, logic output optocouplers, transistor output optocouplers, High-Speed optocouplers, MOSFET output optocouplers, TRIAC & SCR output optocouplers, and others.
