Trends, opportunities and forecast in this market to 2023 by product type (high performance optocouplers, phototransistor optocouplers, phototriac optocouplers, and others), end use industry (industrial, consumer electronics, telecommunication, automotive and others), pin type (4 pin optocouplers, 5 pin optocouplers, 6 pin optocouplers, 7 pin optocouplers, and above), and region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the optocoupler market looks attractive with opportunities in the industrial, consumer electronics, telecommunication, and automotive industries. The global optocoupler market is expected to reach an estimated $2.1 billion by 2023 with a CAGR of 4.5% from 2018 to 2023.
The major growth drivers for this market are growth in the demand for electric and hybrid vehicles, growth in factory automation systems and equipment, and increasing global internet traffic.
Browse 67 market data Tables and 89 Figures spread through 160 Pages and in-depth TOC on “Optocoupler Market – Global Forecast to 2023” http://www.lucintel.com/global-optocoupler-market-2018-2023.aspx
In this market, high performance, phototransistors, phototriac, photodarlington, and photodiode optocouplers are used to support the electrical isolation and noise rejection requirements in a wide range of end use industries.
Lucintel forecasts that the high performance optocoupler will remain the largest product type; it is also expected to witness highest growth rate due to the increasing demand in the industrial communication busses, automotive battery chargers, military equipment, and medical instruments.
Within the optocoupler market, industrial segment will remain the largest end use industry due to increasing demand for optocouplers in industrial robots, motor control, power supplies, and industrial networking. This growth will be supported by growth in the automation field, and increasing requirements of electrical isolation from higher voltages and noise cancellation.
Lucintel predicts that the demand for optocouplers in the automotive segment will witness the highest growth during the forecast period due to the increasing usage of optocouplers in hybrid and electric vehicles.
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Asia Pacific is expected to remain the largest market and will experience the highest growth over the forecast period. The growth is supported by industrial expansion and increasing demand for consumer electronics and growth in hybrid and electric vehicle.
The awareness of increasing air pollution levels has encouraged the adoption of electric vehicles, which will create the large demand for optocouplers in China, Japan, India, and other countries.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing demand in the smart meter systems, increasing usage in electric vehicle (EV) charging stations, and advancement in optocouplers for a wider temperature range with superior electrical characteristics. Toshiba Corporation, Broadcom Limited, Renesas Electronics Corporation, ON Semiconductors, and Vishay Intertechnology are among the major manufactures of optocouplers.
The study includes a forecast for the global optocoupler market by product type, end use industry, pin type, and region as follows:
By Product Type [$M shipment analysis for 2012 – 2023]:
- High Performance Optocouplers
- Phototransistor Optocouplers
- Phototriac Optocouplers
By End Use Industry [$M shipment analysis for 2012 – 2023]:
- Consumer Electronics
By Pin type [$M shipment analysis for 2012 – 2023]:
- 4 Pin Optocouplers
- 5 Pin Optocouplers
- 6 Pin Optocouplers
- 7 Pin Optocouplers and above
By Region [$M shipment analysis for 2012 – 2023]:
- North America
- Asia Pacific
- The Rest of the World
This 160-page research report will enable you to make confident business decisions in this globally competitive marketplace.
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