Optocoupler IC Market to Perceive Heightened Demand from the Automotive Industry Growth 2019 – 2025

Market Overview

The optocoupler IC market is growing at a rapid pace across the globe. The market growth attributes to growing applications of optocoupler ICs in sectors such as automotive, aerospace & defense, solar, consumer electronics, and others provide extensive impetus to the market growth.  Besides, the proliferation of electronic devices such as smartphones, tablets, and laptops allows the market to garner significant traction, increasing market sales. Moreover, the spurting growth in the automotive and consumer electronics industries escalates the demand in the market.

According to Market Research Future (MRFR), the global optocoupler IC market is poised to create a valuation of USD 2.55 BN by 2025, growing at 6.5% CAGR during the forecast period (2019 – 2025). Also, the increasing demand for smart home devices and compact & energy-efficient optocoupler ICs are the key driving forces behind the market growth. The electronics industry worldwide is currently witnessing major reforms and implementations of stringent regulations regarding environment and energy efficiency. 

Advancements in optocoupler IC technology are increasing its use in widespread applications. Also, the quality, performance, and reliability of these ICs foster the market growth, helping industry players to sustain in this intensely competitive market. Additionally, various developments such as miniaturization and convergence of almost all daily-use electronic devices positively impact the growth of the market. On the other hand, the high cost and intricate design of these ICs are the key factors projected to impede market growth. 

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Global Optocoupler IC Market   - Segments

The report is segmented into four dynamics;

By Type                : High-Speed Optocouplers, High Linearity Optocouplers, Logic Output Optocouplers, MOSFET Output Optocouplers, Transistor Output Optocouplers, TRIAC & SCR Output Optocouplers, and others. 

By Pin   : 4-pin, 5-pin, 6-pin, and 7-pin. 

By Vertical          : Automotive, Aerospace & Defense, Solar, Consumer Electronics, and others. 

By Regions          :  Americas, Europe, APAC, and the Rest-of-the-World.

Global Optocoupler IC Market   - Regional Analysis 

North America dominates the global optocoupler IC market. The largest market share is attributed to the increasing adoption and implementation of optocoupler ICs across the industry verticals. Besides, rising advances in technology and increasing demand for consumer electronics devices such as smartphones, computers, and others increase the optocoupler IC market size. Also, the presence of many automakers and OEMs in the region pushes the growth of the market.

The US holds a significant share in the regional market, led by the increased adoption of optocoupler ICs in the consumer electronics and automotive industries. The North American optocoupler IC market is projected to retain its dominance throughout the estimated period.

Europe stands second in the global optocoupler IC market. The market growth is driven by the presence of the well- established automotive and electronic industry in the region. Moreover, increased investments by semiconductor companies fuel the demand for optocoupler ICs in the region. Innovation in the ICT segment plays a significant role in the growth of the market. 

Additionally, substantial R&D investments by the existing industry players to drive product and technology developments fuel the regional market growth. Substantial investments by notable OEMs to incorporate automated technologies to reduce maintenance & service downtime in vehicles influence the regional market growth. The European optocoupler IC market is estimated to create a substantial revenue pocket during the forecast period.

The Asia Pacific region holds a sizable share in the global optocoupler IC market. Factors such as the rising technological upgrades and adoption of optocoupler ICs across automotive and consumer electronics sectors foster the regional market growth. Moreover, the increasing advances in remote sensing technologies and the burgeoning automotive industry in the region propel the sales in the market.

Besides, spurring demand from the automotive sector in the region fuel the growth of the market. Furthermore, increased R&D activities and the rapid economic growth in the region fuel market growth. The APAC optocoupler IC market is estimated to grow at a significant pace during the assessment period.

Global Optocoupler IC Market   - Competitive Analysis 

Highly competitive, the optocoupler IC market appears fragmented due to the presence of several well-established players. To gain a larger competitive share, these players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansion, and product/ technology launch.

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Major Players: 

Players leading the global optocoupler IC market include Toshiba Corporation (Japan), Renesas Electronics Corporation (Japan), Semiconductor Components Industries LLC (US), Vishay Intertechnology, Inc (US), Broadcom Inc (US), Lite-On

Technology Inc (Taiwan), Everlight Electronics Co., Ltd. (Taiwan), Taiwan Semiconductor Mfg. Co. Ltd. (Taiwan), Infineon Technologies AG (Germany), Panasonic Corporation (Japan), IXYS Corporation (US), Phoenix Contact (Germany), Standex Electronics, Inc. (US), Sharp Corporation (Japan), and TT Electronics (UK), among others. 

Industry/ Innovation/ Related News

January 24, 2020 ----- Analog Devices Inc. (the US), a semiconductor manufacturing company, launched the ADuM642x series, integrating DC-DC conversion. The New Isolator IC offers four independent isolation channels and is suitable for high-temperature industrial environments. The solution is designed to use magnetic coupling combined with specialized encoding and decoding circuitry called iCoupler technology.

Company name: Market Research Future

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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