Globally, the size of the Digital Isolator Market is expected to reach USD 2.4 billion by the end of the year 2023 at a CAGR of 6% driven by Digital isolators have special applications in making safe and noise-free electrical devices and enhance reliability, durability, and performance of these devices.
A Digital isolator is a gadget that aids the separation of electrical circuits while as yet permitting the exchange of information. These gadgets are generally utilized in power supplies, control, and observing systems and correspondences for the protected coupling of one circuit area to another.
Hence, computerized isolators are arising as better substitutions for optocouplers because of their money-saving advantages and unwavering quality. The worldwide computerized isolator market is expected to develop at a Compound Annual Growth Rate (CAGR) of 6% over the ongoing conjecture period 2017-2023.
The headways in silicon seclusion Technology have been useful for the market development of computerized isolators. These advancements are adding to making isolators more conservative, solid, strong, and cost-accommodating. In this manner, alongside expanding interest in robotization and jolt in different enterprises, including cars, the market will observe positive development. The worldwide digital isolator market esteem is worth USD 2.4 billion toward the finish of the gauge time frame in 2023.
Asia-Pacific is the biggest territorial market section for computerized protectors. This reason is arising as a worldwide assembly centre point of electronic products and the biggest shopper adding to the market development. China, India, Malaysia, Singapore, Korea, and Japan are significant interest generators of computerized isolators.
Covid-19 pandemic hurt the global digital isolator market. The overall slump in economic activities led to a sharp fall in demand for digital isolators. The poor performance of the automotive manufacturing industry also caused a decline in demand. Moreover, as the demand for electronic goods went down during the period there was negative growth in the market. Furthermore, covid restrictions on the production units hampered the production rate as well as caused disturbances in the supply chain. However, there was some respect to the market through increased demand for digital medical instruments. The market is expected to show a quick recovery after the relaxation of restriction measures globally.
The rise in demand for reliable and sound electronic devices is driving the growth of the global digital isolator market. Digital isolators have special applications in making safe and noise-free electrical devices and enhance the reliability, durability, and performance of these devices. Therefore, as these isolators greatly improve the user experience, they are getting huge demand from different industries such as medical device manufacturers. Moreover, the rapid pace of automation in the industrial sector is also contributing to the demand generation of digital isolators. Furthermore, The growing emphasis on the electrification of automobiles is also one of the major factors driving the market growth. Hence, the rapid growth of the automotive sector is also fueling the growth of the digital isolator market. The technological advancements in the development of more reliable cost-friendly isolators will bring better market prospects.
The inability of digital isolators to pass low-frequency signals (0 to 100 kbps) without using modulators is a major factor restraining the growth of the global digital isolator market. The higher cost of quality insulators than most of the optocouplers is also a major hindrance to the market growth.
A Digital isolator is a device that helps in separating the circuits electrically while still maintaining the transfer of signals between them. Its main purpose is to reduce noise from background loops and to maintain the circuit's safety. A digital Isolator transfers data through the use of a transformer or capacitor, magnetically or capacitively across an isolation barrier. These isolators are made from polymer materials like polyimide PI that can be spun on as a thin film and also from silicon dioxide
Digital isolators offer many advantages over optocouplers in terms of size, speed, power consumption, ease of use, and reliability. They are cost-effective and very easy to install. Their speed and durability make them a popular choice among different electric circuit manufacturers. The advancements in silicon isolation technology and the development of CMOS isolators are also increasing the adoption rate of digital isolators.
The specific objectives of this market report on the digital isolator market are given below
By Isolation Type
The capacitive coupling isolation type accounts for the major market share. The higher benefits of capacitive isolators at a lower price leads to their wider application in consumer electronics.
By Data Rate
The more than 75 Mbps segment is expected to dominate the global market. The high data rates with improved accuracy are the major demand-generating factor.
The four-channel digital isolators hold the largest market share. They are effective and cost-friendly options for a wide array of consumer electronics like healthcare, industrial and automotive.
Gate drivers are a popular application of digital isolators. They provide enhanced security to the circuit and improve its performance. These drivers find use in high-performance power conversion applications.
The different regional markets for the global digital isolator market are:
Asia-Pacific is the largest regional market segment for digital insulators. This reason is emerging as a global manufacturing hub of electronic goods and also the largest consumer which is contributing to the market growth. China, India, Malaysia, Singapore, Korea, and Japan are major demand generators of digital isolators. Moreover, the increasing public and private funding for the development of cleaner energy sources and products in this region will provide better prospects for market growth
North America is the second-largest regional Market growing at a significant rate. Consumer electronics and automotive electrification account for a major portion of the demand for digital isolators. The high disposable income and active government funding for renewable energy projects are helping market expansion in this region.
Europe also holds a significant share in the global digital isolator market. The huge presence of automotive and aerospace manufacturing hubs in Germany, the UK, Sweden contributes to the market growth. The good research and development backup for product development and increasing investments in electric systems and products will secure the market development in this region. The Latin America Middle East and African segment are expected to grow moderately over the forecast period.
The major global companies playing a key role in the digital isolator market are:
Simple Devices, a worldwide innovator in circuit planning and assembling, declared the send-off of its very first 10Gbps i-Coupler Digital. This advanced idolator offers an exceptional speed of 10 Gb each second.
This report will be beneficial for every stakeholder of the digital isolator market such as
This report from Market Research Future provides an in-depth analysis of the digital isolator market in terms of current value and future forecast. This report has also highlighted the problems and prospects of the given market. Moreover, the technological analysis section of the report will help in understanding the product and its market prospects. Furthermore, this report contains a detailed analysis of different market segments for the current forecast period. This report has also identified the key players and the current developments in the digital isolator market.
The rise in demand for reliable and sound electronic devices is driving the growth of the global digital isolator market.
The major global companies playing a key role in the digital isolator market are : ● Advantech Co Ltd (Taiwan) ● Murata Manufacturing Company Ltd (Japan) ● NXP Semiconductors N.V. (the Netherlands) ● Broadcom Ltd (U.S.) ● Texas Instruments, Inc (U.S.) ● STMicroelectronics N.V. (Switzerland) ● Infineon Technologies AG (Germany) ● ON Semiconductor (U.S.)
The capacitive coupling isolation type accounts for the major market share owing to their higher benefits at lower prices.
Asia-Pacific is the largest regional market segment for digital insulators. This reason is emerging as a global manufacturing hub of electronic goods.