Optocoupler IC Market is expected to reach USD 3.36 billion by the end of the forecast period 2022-2030 at a CAGR of 6.10%.
Optocoupler IC Market Overview
Global Optocoupler IC Market was valued at USD 1.86 Billion in 2018; it is expected to reach USD 3.36 billion by the end of the forecast period 2022-2030 at a CAGR of 6.10%. Photocoupler, optoisolator, and optical isolator are all terms used to describe an optocoupler. It is an electronic component that uses a light-sensitive optical interface to send an electrical signal between two isolated circuits. A photosensitive transistor and an LED are the two main components of an optocoupler. Audio amplifiers, audio processors, MEMS microphones, and subsystems all use optocoupler ICs in some way. Microprocessor input/output switching, PC communications, DC and AC power control, signal isolation, and power supply regulation are some of the most typical commercial applications for optocouplers. The Optocoupler IC Market Growth is gaining more investment due to the rise of the optoelectronics market and the increasing acceptance of optical technology across numerous end-user industries. According to WSTS, the Optocoupler IC Market Growth is predicted to grow at the fastest rate in the total Optocoupler IC Industry.
New product introductions (NPI) are used to drive both innovation and sales in the electronics supply chain. The COVID-19 epidemic has caused more than half (53%) of product releases in the electronics sector to be postponed or canceled. Since the start of the shutdown, Optocoupler IC Market Size and Optocoupler IC Market Share have been significantly harmed during the Optocoupler IC Market Analysis. For example, Evelta Electronics in India (which supplies ON Semiconductor, Toshiba, and LiteOn Technology optocouplers) stated that due to the COVID-19 crisis and the authorities' recent lockout, newly placed orders would be shipped only if the backlog was cleared. Other worldwide vendors are having similar problems, which has affected the Optocoupler IC Industry.
The growing need for smart home devices, as well as the necessity for small and energy-efficient optocoupler ICs, are driving the Optocoupler IC Market. Stringent environmental and energy efficiency requirements are currently affecting the electronics sector all over the world, leading to numerous advancements such as shrinking and convergence of practically all daily-use electronic equipment. During the Optocoupler IC Market Analysis, the growing demand for device miniaturization is likely to provide opportunities for suppliers in the worldwide Optocoupler IC Market. New firms are projected to enter the market as a result of government initiatives fostering the expansion of the local semiconductor market. The Chinese government, for example, raised between USD 23 and $30 billion to fund the second phase of its National IC Investment Fund. In 2014, the National IC Investment Fund, or Big Fund, was established to help the country's semiconductor industry.
However, growing component prices are a key factor limiting market expansion, and will continue to pose a challenge for the Optocoupler IC Market Key Players during the projection period. But, expanding R&D efforts, as well as technological improvements and modernization in the machinery used, would provide new chances for the optocoupler IC market in the forecast year.
The increasing need for energy-efficient and small optocoupler IC in the global smart home devices market, as well as the increasing consumer electronics industry and the spike in the adoption of electric vehicles, are all driving market expansion. worldwide The increasing demand for device miniaturization, the widespread use of optocoupler IC in a variety of devices such as audio processors, subsystems, MEMS microphones, audio amplifiers, and others, as well as the rising low cost and increased connectivity at low frequencies, are all driving the optocoupler IC market. Furthermore, during the forecast period, expanding research and development activities, as well as technological improvements and modernization in the machinery employed, will provide new chances for the optocoupler IC market.
The Global Optocoupler IC Market is further bifurcated into various segments depending on various factors to help the market to grow as per the predicted CAGR growth by the end of the forecast period in 2027. The Global Optocoupler IC Market is segmented based on the following:
Optocoupler IC Market, By Type
Optocoupler IC Market, By Pin
Optocoupler IC Market, By Vertical
Optocoupler IC Market, By Region
Because of technological advancements and rising demand for consumer electronics products such as cellphones, computers, and other gadgets, North America dominated the optocoupler IC market. Due to the increased usage of optocoupler ICs in the automotive and consumer electronics industries, the United States has the highest share of the optocoupler IC market in North America. Furthermore, the presence of several optocoupler IC manufacturers such as Vishay Intertechnology, Inc Semiconductor Components Industries LLC, and Broadcom Inc. contributes significantly to the market's growth. Aside from that, growing expenditures in the automotive industry by various US-based companies are likely to fuel demand for optocoupler ICs over the projection period.
The presence of various global electronic component makers and semiconductor fabrication organizations characterizes the global optocoupler IC market. The battle for market share between established and new firms is fierce. Quality, performance, and dependability of integrated circuits are just a few of the aspects that help vendors stay afloat in a fiercely competitive industry. Furthermore, technical developments for optocoupler IC used in the automotive and consumer electronics industries are likely to drive the optocoupler IC market during the forecast period. Based on their place of origin, presence, recent key innovations, product diversity, and industry experience, the key players in the optocoupler IC market are identified across all major regions. The market appears to be moderately concentrated, with fragmentation on the horizon. To increase their reach and stay ahead of the competition, major businesses use techniques such as product innovation and mergers and acquisitions. The Optocoupler IC Market Key Players are as follows:
The research looks into the global Optocoupler IC Market in-depth to find the most interesting investment possibilities. Current patterns and future projections are examined to establish the overall market picture. The study provides information on significant drivers, limits, and opportunities with complete impact analysis. There are five regions in the market. Furthermore, the exceedingly complex manufacturing process and demanding cycle time, as well as capital-intensive applications, limit the market's growth. The research also includes complete market analysis. This is accomplished through in-depth qualitative insights, historical data, and reliable market size estimates in the research. The figures in the study are based on a well-known research methodology and assumptions. This optocoupler IC market report covers recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographies, and more.
|Market Size||USD 3.36 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Pin, Vertical|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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)|
|Key Market Opportunities||The rising demand for device miniaturization.|
|Key Market Drivers||
The mounting demand for device miniaturization can be the top growth opportunity in the market.
TRIAC & SCR output optocouplers, MOSFET output optocouplers, high-speed optocouplers, high linearity optocouplers, transistor output optocouplers, logic output optocouplers, are the primary types in the market.
Aerospace & defense, automotive, consumer electronics, and solar, are the vertical-based segments in the report.
Increasing advancements in technology combined with the mounting demand for consumer electronics devices like smartphones and computers are the factors that the market growth in North America is dependent on.
In 2020, Southwest Research Institute came up with a high-voltage optocoupler for applications in spaceflights. It was chosen by NASA in the Europa Clipper spacecraft which is expected to reach Jupiter’s moon Europa in the coming years.