The Business Research Company’s Opto Isolator Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Opto Isolator Global Market Report 2023 evaluates opto isolator market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global opto-isolator market is expected to grow from $1 billion in 2022 to $1.12 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The opto-isolator market is expected to reach $1.63 billion in 2027 at a CAGR of 9.9%.
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 September 2020, according to International Energy Agency (IEA), a France-based intergovernmental organization, LED lighting sales hold a share of 48% of the total global lighting sales and are expected to increase to 99% share by 2030. 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.
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The opto isolator market segments in the report are:
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
The table of contents in TBRC’s opto isolator market report includes:
- Executive Summary
- Opto-Isolator Market Characteristics
- Opto-Isolator Market Trends And Strategies
- Opto-Isolator Market – Macro Economic Scenario
- Opto-Isolator Market Segmentation.
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- Global Opto-Isolator Market Competitive Benchmarking
- Global Opto-Isolator Market Competitive Dashboard
- Key Mergers And Acquisitions In The Opto-Isolator Market
- Opto-Isolator Market Future Outlook and Potential Analysis
- Appendix
Top Major Player:
- Hirose Electric Co. Ltd.
- LITE-ON Technology Inc.
- TT Electronics
- Everlight Electronics Co Ltd.
- Thorlabs Inc.
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