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Optocoupler IC Market Insights
The optocoupler IC market will likely grow steadily in the next few years. The rise in the automotive and consumer electronics industries would drive the optocoupler IC market demand. Market Research Future (MRFR) states that the global optocoupler IC market is poised to escalate from USD 2.30 BN in 2022 to USD 3.91 BN by 2032, growing at a 6.10% CAGR during the forecast period (2023-2032).
Besides, growing applications of optocoupler ICs in sectors such as automotive, aerospace & defense, solar, consumer electronics, and others provide extensive impetus to the optocoupler IC market revenues. Also, the proliferation of electronic devices such as smartphones, tablets, and laptops allows the market to garner significant traction, increasing market sales.
Advancements in optocoupler IC technology are increasing its use in widespread applications. The electronics industry worldwide is witnessing major reforms and implementations of stringent regulations regarding environment and energy efficiency. The increasing demand for compact & energy-efficient smart home devices and the growing use of optocoupler ICs are key driving forces.
Also, the quality, performance, and reliability of these ICs foster market revenues, 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 optocoupler IC market revenues. 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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Major Players
Leading optocoupler IC market players are
Optocoupler IC Market – Segments
The report is segmented into types, pins, verticals, and regions. The type segment is sub-segmented into high-speed optocouplers, high linearity optocouplers, logic output, MOSFET output, transistor output, and TRIAC & SCR output optocouplers. The pin segment is sub-segmented into -pin, 5-pin, 6-pin, and 7-pin. The vertical segment is sub-segmented into automotive, aerospace & defense, solar, consumer electronics, and others. By regions, the optocoupler IC market is segmented into the Americas, Europe, APAC, and the rest of the world.
Optocoupler IC Market – Regional Analysis
North America dominates the global optocoupler IC market. The increasing adoption and implementation of optocoupler ICs across the industry verticals drive market growth. Besides, rising technological advances and increasing demand for consumer electronics devices, including smartphones, computers, and others, increase the optocoupler IC market size. Also, the presence of many automakers and OEMs in the region pushes the market’s growth.
Optocoupler IC Market – Competitive Analysis
Highly competitive, the optocoupler IC market appears fragmented, with the presence of several well-established players. These players initiate strategies, such as mergers & acquisitions, collaborations, expansion, and product/ technology launches to gain a larger competitive share.
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Industry/ Innovation/ Related News
Sept. 09, 2022 — NOVOSENSE Microelectronics (NOVOSENSE), a leading IC design company, launched a multi-chip product portfolio for the industrial and automotive market. These 6 new chip series include isolated sampling, gate driver, isolated driver, non-isolated high-voltage half-bridge driver, gauge pressure sensor and silicon microphone conditioning chip. These chips can be used in new energy vehicles, industrial, consumer electronics, and medical fields.
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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
