Optocoupler IC Market
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.
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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.
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 2018, however, the automotive segment is expected to register the higher CAGR during the forecast period from 2019 to 2025.
By region, the optocoupler IC market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America dominated the optocoupler IC market in 2018 owing to the presence of major IC manufacturers, while the market in Asia-Pacific is expected to exhibit the highest CAGR during the forecast period.
Assessment of Optocoupler IC Market
The 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 used in the applications in audio amplifiers, microphones, etc. It is the rising demand for smart home devices that can be accredited the growth of the optocoupler IC market in the upcoming years. The need for compact and energy efficient devices is presumed to lead the proliferation of the market in the foreseeable future. In addition, the governments are promoting miniaturization of electronic products to curb emissions. This trend is gaining popularity and is projected to accelerate revenue creation in the optocoupler IC market over the assessment period. It is anticipated to unleash growth opportunities for the players during the forecast period.
Type Based Assessment
Several types of the product are available in the market. Each of these types serve different purpose. Recently, the high-speed optocoupler had gained much popularity. It is anticipated to witness large-scale sales over the next few years. New products are being developed and introduced which is projected to augment optocoupler IC market in the coming years. Other types of the product available in the market are as follows – high linearity optocouplers, logic output optocouplers, transistor output optocouplers, MOSFET output optocouplers, TRIAC & SCR output optocouplers, and others
End Use Analysis
Automotive, consumer electronics, aerospace and defense etc. are some of the industries that leverage the use of optocoupler ICs. 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.
Competitive Tracking
Renesas Electronics Corporation (Japan), Semiconductor Components Industries LLC (US), Toshiba Corporation (Japan), Broadcom Inc (US), Lite-On Technology Inc (Taiwan), Vishay Intertechnology, Inc (US), Taiwan Semiconductor Mfg. Co. Ltd. (Taiwan), Infineon Technologies AG (Germany), Everlight Electronics Co., Ltd. (Taiwan), IXYS Corporation (US), Standex Electronics, Inc. (US), Phoenix Contact (Germany), Panasonic Corporation (Japan), Sharp Corporation (Japan), and TT Electronics (UK) are few of the key players operative in the global optocoupler IC market. These players are investing in latest technologies to support ongoing trends in electrical and electronics industry such as miniaturization. It is, in turn, expected to drive the expansion of the market in the foreseeable future. Presently the market landscape is characterized by the consolidation of semiconductor fabrication companies and electronic component manufacturers. New players are expected to join the existing players and intensify competition. Performance, reliability, and quality are some of the aspects that are focused on by key players to sustain the curve.
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