The global optocoupler market is projected to reach USD 2,450 million by 2025, while augmenting at a CAGR of 4.1% during 2019-2025. Factors attributing to the market growth are rapid advancement in optical wireless systems, and growing applications of optocoupler in many end-use industries. Moreover, increasing demand for electric and hybrid vehicles is further fueling the market growth. Additionally, emergence of digital optocoupler is likely to create more opportunities for optocoupler manufacturers. However, LED performance degradation over time is expected to hamper the market growth during the forecast period.
Optocoupler also called photocoupler, optical isolator, or opto-isolator, is a semiconductor component that provides an electrical isolation to circuits or elements of the circuits, while transmitting electrical signal between them. The opto-isolator uses light for the propagation of signal from two isolated circuits. It consists of LED, an insulating barrier, and a photosensitive semiconductor device such as photodiode or a phototransistor, and has the ability to withstand short term high-voltage transients. In addition, it protects the components as well as circuitry from voltage spikes. Optocouplers can be used as a signal converter in most of the industrial applications. Moreover, owing to its high performance, they are deployed in military applications where high reliability is needed.
Expanding applications of optocouplers in various end-use industries driving the market growth
The emerging trend of electric and hybrid vehicles have led to the increased demand of optocoupler. Moreover, major players such as Toshiba and Broadcom are also focusing on high-speed analogue-output optocouplers to meet the stringent power requirements of the industrial applications. Photo-coupler also aids in signal isolation by preventing the distortion of data from the suppression and filtration of common mode transients, which has resulted in an increased demand from the telecommunication sector.
Global Optocoupler Market – Regional Insight
Geographically, optocoupler market is segmented into North America, Asia-Pacific, Europe, Middle East and Africa, and Central & South America. North America dominated the market in 2018, and is expected to retain its dominance over the forecast period. The regional growth is attributed to the presence of prominent semiconductor manufacturers, and increasing deployment of the component in industrial equipment as well as in home appliances.
RESEARCH METHODOLOGY
The research and analysis are based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
- Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
- Interacting with key opinion leaders of the market and developing data points based on interaction with them
- Study of past trends in the market and their year on year impact on the market size and share
- Analyzing the collected data points
- Bridging the data points to calculate the total optocoupler market and its various segments
- Anticipating potential risks
- Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the optocoupler market
- Finalizing the overall size and share for the global optocoupler market
The years used for the assessment are as follows;
- Historic years: 2015, 2016 and 2017
- Base year: 2018
- Forecast period: 2019 – 2025
OBJECTIVES:
- To classify the global optocoupler market into segments and analyze their growth prospects individually.
- To analyze market trends, opportunities, drivers and restraints associated with the optocoupler market.
- Profiling key companies operating in the global optocoupler market.
- To study market response with respect to the mergers and acquisitions in the industry.
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