According to Future Market Insights, the global optocouplers market reached a valuation of US$ 2.49 billion in the year 2022. With a robust CAGR of 9.2% from 2023 to 2033, this market is anticipated to reach US$ 2.72 billion by 2023 and US$ 6.56 billion by 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value of Optocouplers in 2023 | US$ 2.72 billion |
| Expected Market Value of Optocouplers in 2033 | US$ 6.56 billion |
| Growth Rate of the Optocouplers Market (2023 to 2033) | 9.2% CAGR |
Major aspects influencing the market under study throughout the forecast period include the expansion of industrial automation and the rising use of signal isolation technologies across a wide range of end-user industries. There will probably be additional prospects for optocoupler makers as a result of the quick development of optical wireless networks, the rising demand for hybrid and electric vehicles, and the birth of the digital optocoupler.
Due in large part to increased demand from the automotive, communications, and industrial sectors, the optocoupler market is growing quickly. Due to the increasing number of applications for optocouplers within the communication sector, the optocoupler market is developing. Although it may send analog signals under certain conditions, the optocoupler mainly transmits digital signals. Optocoupler demand has increased due to smart home appliances, consumer electronics, as well as computer auxiliary devices. The market for optocouplers is expanding as a result of developments in fields including wireless technology, greater interest in electric cars, and automation. Businesses have been spending money on optocouplers to improve the performance of the goods based on them.
The industrial sector has always been one of the top users of cutting-edge technology. The usage of cutting-edge technologies like IoT, AI, ML, automation, and robots has increased dramatically as the sector experiences another technological upheaval. The "Industry 4.0" idea is what's driving the field's digital revolution, giving businesses the ability to make decisions in real-time and with more efficiency, flexibility, as well as agility.
This shift in trend is producing a favorable market outlook for the expansion of the investigated market since numerous electrical and electronic equipment and circuits must be constructed to support this infrastructure. The purpose of optocouplers is to shield delicate control circuitry from voltage variations, undesired noise, and electromagnetic interference. Additionally, optocouplers allow isolation in various industrial applications such as power supplies, data communication, photovoltaic (PV) inverters, and digital logic interface circuits. The demand for these devices is anticipated to increase throughout the forecast period due to the increasing popularity of automation solutions.
The market for optocouplers is fairly fragmented, and the key companies there use tactics including alliances, developments, and acquisitions to strengthen their product lines and acquire long-term competitive advantage.
An optocoupler is a passive optical component that can split or combine optical power/transmission data from optical fibers.
The key role of an optocoupler is to avert high or dynamic voltages on one side of a circuit from damaging components or distorting transmissions, through the other side of the circuit. The rapid advancement in the automotive and industrial applications is expected to propel optocouplers sales, during the forecast period.
Growing adoption of optical wireless distribution antenna system (DAS) coupled with shifting of network operators towards DS from cellular network are estimated to positively impact the demand for optocouplers. Furthermore, increasing sale of hybrid electric vehicles along with increasing demand from end use industries such as industrial and communication sectors are likely to augment the sales of optocouplers.
Also, rising investments by significant industrialists in communication industry is likely to flourish the optocouplers demand.
In addition, new isolation technologies are giving rise to lead free, extreme operation temperature, and enclosed optocouplers which are majorly being used in the navy, aerospace, and military sector. For instance, communication sector have incorporated a wide range of engineered optocouplers such as high speed and low current isolation amplifier optocouplers.
These factors are considered to significantly contribute in the optocouplers, during the assessment period.
Inside hybrid-electric vehicles, optocouplers are used to insulate high voltages and isolate unwanted signals. Also, isolation voltage and high CMR performance are majorly preferred in inverters that powers electric motors. Optocouplers help isolate unwanted signals and insulate high voltages in the electric drives powering next-generation hybrid electric vehicles.
The electrical system on hybrids can handle power levels into the kilowatt range or higher and easily reach several hundred volts, as it powers traction motors.
Moreover, worldwide electrification of transportation process continues its fast speed through recent years. According to International Energy Agency (IEA), the global electric vehicles on the road reach more than 10 million in 2020. Thus, the need for integration of highly efficient optocouplers in EV charging stations is projected to boost the demand in the coming years.
In addition, rapid adoption of optocouplers in electric vehicles and hybrid electric power trains is expected to profiler the adoption of optocouplers in the near future.
The future of the optocouplers in United States looks attractive with lucrative opportunities in the consumer electronics, industrial, automotive, and telecommunication industries. The factors driving the optocouplers sales in the USA are increasing global internet traffic, growth in factory automation systems and equipment, and swelling demand for electric and hybrid vehicles.
Additionally, advancement in optocouplers for a wider temperature range with superior electrical characteristics, increasing usage in electric vehicle (EV) charging stations, and increasing demand in the smart meter systems have emerged as growing trends having direct impact on the dynamics of the optocoupler industry.
Also, the unique characteristics of optocouplers, together with their growing significance in multi-channel and bi-directional applications, are anticipated to boost sales. Manufacturers in the USA can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times and supply-lead-times.
East Asia is also one of the major contributors to the smart energy-efficient products and global automotive sector. China have emerged as one of the major influencing factors in the region, owing to its strong foothold in the global semiconductor market.
The ever-rising demand for efficient optoelectronic components in the industrial sector, coupled with substantial investments in the semiconductor industry is estimated to bolster the sales of optocouplers in the region. Moreover, government initiatives encouraging the growth of local semiconductor market are projected to attract new players into the market.
For instance, the Chinese government raised around US$ 23 - 30 Billion to pay for the second phase of its National IC Investment Fund.
Furthermore, according to the data from the Economic Development Board, with rise in semiconductor output, particularly in Singapore, the semiconductor industry is majorly impacting the optocouplers production growth in South Asia & Pacific region.
Some of the leading vendors offering optocoupler products include
The market is expected to remain innovation-led, with strategic alliances and frequent acquisitions adopted as the key strategies by the players to establish their presence. Meanwhile, companies are focusing on further developing value-added capabilities and optimizing product mix to maximize margins.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Optocouplers Market
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