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.
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. In addition to this, increased investment by various US-based companies in the automotive industry is expected to fuel demand for optocoupler ICs over the near future. The rising adoption of optocoupler IC in the smart home devices market will also enhance market growth.
The Asia Pacific is considered to be the fastest-growing region during the near future. 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. In terms of the pin, the optocoupler IC market has been categorized into 4-pin, 6-pin, 5-pin, and 7-pin. Based on the pin, the 4-pin segment witnessed the highest demand in 2018 owing to the full application of the 4-pin segment in the consumer electronics market. On the other hand, the 7-pin segment will be the fastest-growing region due to the increasing adoption of the 7-pin sector.
Optocoupler IC market report offered by Market Research Future MRFR presents an assessment of past trends and ongoing trends. It studies every market divergence such as market share assessment, latest developments, current market status, etc. In this report, it has been indicated that the global optocoupler IC market is supposed to register 6.5% CAGR over the forecast period 2019 to 2025. The optocoupler IC market size is estimated to grow from USD 1.86 Bn in 2018 to USD 2.55 Bn by the end of 2023.
Optocoupler IC Market Size, Share, Industry Segment by Type, Pin, Vertical and Region, Global…
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