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Digital isolator market to hit $2.07 billion by 2023 published by leading research firm

Digital isolator market to hit $2.07 billion by 2023 published by leading research firm

Digital Isolator Market Global Industry Research Report 2017 of 138 pages explores Global Digital Isolator Market reaching $2.07 billion by 2023. Report provides Digital Isolator Market Size, Share, Manufacturers, Statistics, Opportunities and Industry Forecast to 2023. The global Digital Isolator market is estimated to grow at a CAGR of 6.0% between 2017 and 2023.

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Digital Isolator Company analysed in report are Texas Instruments, Analog Devices, Infineon Technologies, Silicon Labs, Broadcom, ROHM Semiconductor, Maxim Integrated, NXP Semiconductors, NVE, Vicor, Murata Manufacturing, National Instruments, IXYS Corporation, Halo Electronics, and Advantech.

“The Digital Isolator market is estimated to witness significant growth between 2017 and 2023”

Key factors driving the growth of the Digital Isolator include growing demand for noise-free electronics and the increasing usage of renewable energy sources. Digital isolators are increasingly being used as a substitute for op to couplers; this is contributing to the growth of the digital isolator market.

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“Gate drivers accounted for the largest share of the global digital isolator market in 2016.”

Gate drivers accounted for the largest share of the digital isolator market in 2016; the market for gate drivers is expected to grow at a high rate during the forecast period.

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This market growth can be attributed to the wide use of gate drivers in engines of electric vehicles and the large-scale electrification of automobiles in developed economies, such as the US, Germany, Japan, and the Nordic Countries. Gate drivers are also used to drive motors in the industrial sector.

“The market for giant magneto resistive isolation type is expected to witness a significant growth between 2017 and 2023.”

The market for giant magneto resistive isolation type is expected to grow at a significant growth during the forecast period owing to its wide use in biosensors and micro electromechanical systems (MEMS), among others. The devices featuring this isolation type exhibit enormous change in resistance when subjected to a magnetic field.

This change in resistance on the output side of the devices results in large output signals offering enhanced accuracy and sensitivity.

“Asia Pacific accounted for the largest share of the digital isolator market in 2016; and the market in this region is expected to grow at a high rate during the forecast period.”

Asia Pacific is expected to hold the largest share of the digital isolator market by 2023 owing to the presence of a large number of major electrical device and equipment manufacturers in this region. In addition, several electrical component manufacturers are shifting from North America and Europe to Asia Pacific to capitalize on the low direct costs incurred in China and South East Asia.

The market growth can also be attributed to the increasing demand for isolated gate drivers, generated with the proliferation of electric and hybrid electric vehicles worldwide.

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Research Coverage: This research report segments the global digital isolator market based on isolation type, data rate, channel, application, vertical, and geography. The report discusses the major drivers, restraints, challenges, and opportunities pertaining to the market and also includes value chain and market ranking analyses.

From an insight perspective, this research report has focused on various levels of analysis—market ranking of top players, value chain analysis, company profiles that discuss basic views on the competitive landscape, emerging and high-growth segments of the Digital Isolator market, high-growth regions, and market dynamics—such as drivers, restraints, opportunities, and challenges.

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