Market Scope
The global Optocoupler IC Market Share is deemed to reach USD 2.55 billion by 2023, as per predictions by MRFR. It can display a CAGR of 6.5% over the forecast period.
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Competitive Analysis
Renesas Electronics Corporation, Lite-On Technology Inc, IXYS Corporation, Taiwan Semiconductor Mfg. Co. Ltd., TT Electronics, Semiconductor Components Industries LLC, Sharp Corporation, Standex Electronics, Inc., Phoenix Contact, Infineon Technologies AG, Toshiba Corporation, Panasonic Corporation, Vishay Intertechnology, Inc, Everlight Electronics Co., Ltd., and Broadcom Inc are key players in the global optocoupler IC market.
Regional Analysis
North America is expected to lead the global Optocoupler IC Market Share owing to demand for high-end consumer electronic devices and adoption of signal isolators in automotive and industrial sectors. Presence of various manufacturers and investments by reputed brands in developing economies to lower production costs can augur favorably for the market. Recently, STMicroelectronics has launched the STIS0621 dual-channel digital isolator for industrial applications.
Segmentation
By type, the market has been segmented into MOSFET output optocouplers, high linearity optocouplers, logic output optocouplers, high-speed optocouplers, transistor output optocouplers, TRIAC & SCR output optocouplers, and others. The high-speed optocouplers are expected to register the highest CAGR during the forecast period. High standards of industrial networking and isolation required between components during voltage surges can drive the segment demand in the optocouplers market.
By pin, the market has been segmented into 4-pin, 5-pin, 6-pin, and 7-pin. The 7-pin optocouplers are expected to register the highest CAGR during the forecast period.
By vertical, the market has been segmented into automotive, solar, aerospace & defense, and consumer electronics. The automotive segment is expected to register the highest growth rate during the forecast period owing to its need for communication modules. High performance, reduced cost, and huge functionality benefits can drive the demand for optocoupler ICs in the market.
Industry News
Rohm has launched surface-mounted ac-dc converter ICs with optocoupler feedback to provide space between two ground references.
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