The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Optocoupler IC Market. The growth sectors of the Optocoupler IC Market are identified with precision for a better growth perspective.
Regional Analysis
The geographic analysis of the global optocoupler IC market has been done for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The North American market has been segmented into the US, Canada, and Mexico. The regional market is expected to account for the largest market share in the global optocoupler IC market during the review period. The growth of the market in North America can be attributed to the high concentration of market players and the easy availability of proficient technical expertise in the region. In the US, 40% of the population uses wireless headphones on portable devices, and the number is expected to increase in the coming future. The manufacturers are under constant pressure to design products with increased amplification and reduced size which is expected to drive the dmeand optocoupler ICs during the forecast period.
In terms of market size, Europe is expected to hold the second-largest share in the optocoupler ICs market. The European market has been divided into the UK, the Netherlands, Germany, France, and the rest of Europe. Germany generates the highest demand for LED drivers in Europe, whereas the market in France is expected to register the highest growth rate during the forecast period.
The market in Asia-Pacific is expected to hold a significant market share and register the highest CAGR during the review period of 2019 to 2025. The regional market has been classified as China, Japan, India, South Korea, and the rest of Asia-Pacific. China is among the leading revenue generators in the Asia-Pacific optocoupler ICs market. The country is witnessing a rise in the adoption of wireless speakers and wireless microphones by the security & defense industry for safety applications. These devices are small in size and can record any sound within a limited range. This rise in the usage of wireless recording devices and wireless microphones is boosting the growth of the overall Optocoupler IC market in China.
Market Highlights
The global optocoupler IC market size is expected to grow from USD 1.86 billion in 2018 to USD 2.55 billion by 2025, 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 2018; this segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.
On the basis of 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.
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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.
