Overview and Scope
An opto-isolator, often called an optical coupler or optocoupler, is an electronic component that provides electrical isolation between two circuits while transferring electrical energy from one course to another through a brief optical transmission channel. It is used to communicate between diodes without transmitting an electrical current.
Sizing and Forecast
The opto-isolator market size has grown rapidly in recent years. It will grow from $1.12 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to early telecommunication development, industrial automation growth, medical equipment safety, rise in power electronics, development of electronic instrumentation.
The opto-isolator market size is expected to see strong growth in the next few years. It will grow to $1.79 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to cybersecurity and data protection, smart grid and energy management, renewable energy systems, 5g network infrastructure, iot and smart devices. Major trends in the forecast period include opto-isolators in quantum computing, low power consumption devices, application-specific opto-isolators, miniaturization and integration, enhanced data rate transmission.
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Segmentation & Regional Insights
The opto-isolator market covered in this report is segmented –
1) By Product: Non-Linear Opto-isolator, Linear Opto-Isolator
2) By Technology: High-Speed, High-Voltage, Integrated
3) By Application: Telecommunications, Cable TV, Military And Aerospace, Industrial Motors, Other Applications
4) By Sales Channel: Direct Sales, Distributors
Asia-Pacific was the largest region in the opto-isolator market in 2023. The regions covered in the opto-isolator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rapid growth of LED lighting is expected to boost the growth of the optoisolator market going forward. LED lighting describes a semiconductor device that produces visible light when an electrical current flow through it. In opto-isolators, LEDs transform electrical input signals into corresponding light signals. For instance, in June 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, residential LED lighting sales hold a share of 50.5% in 2022, an increase of 46.3% in 2021. Further, the lighting efficacy of LED lighting increased from 107 lumens/watts in 2020 to 111 lumens/watts in 2021. Therefore, the rapid growth of LED lighting is driving the growth of the optoisolator market.
Key Industry Players
Major companies operating in the opto-isolator market report are Hirose Electric Co. Ltd., LITE-ON Technology Inc., TT Electronics, Everlight Electronics Co Ltd., Thorlabs Inc., IXYS Corporation, Standex Electronics Inc., Oz Optics, Harwin Inc., Kingbright Company LLC, Broadcom Inc., Osram Opto Semiconductors GmbH, DK Photonics Technology Limited, Toshiba Corporation, Sumitomo Electric Industries Ltd., Sharp Corporation, Corning Inc., Amphenol Corporation, Molex LLC, Isocom Components Ltd., Yageo Corporation, Vishay Intertechnology Inc., NTE Electronics Inc., Renesas Electronics Corporation, Plus Opto Ltd., Littelfuse Inc., Diodes Incorporated, Fairchild Semiconductor Co, Bourns Inc., Semtech Corporation.
The opto-isolator market report table of contents includes:
1. Executive Summary
2. Opto-Isolator Market Characteristics
3. Opto-Isolator Market Trends And Strategies
4. Opto-Isolator Market – Macro Economic Scenario
5. Global Opto-Isolator Market Size and Growth
…
32. Global Opto-Isolator Market Competitive Benchmarking
33. Global Opto-Isolator Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Opto-Isolator Market
35. Opto-Isolator Market Future Outlook and Potential Analysis
36. Appendix
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