The Optocoupler market is projected to grow at a CAGR of 4.26% to reach US$2.259 billion by 2024, from US$1.759 billion in 2018. Optocoupler is a small electric component used to transfer electrical signals through isolated circuits using light, they are used to remove electrical noise from signals. The optocoupler market will grow on account of the growing technological footprint all around the world. Optocoupler forms an important part of almost all complex electronic circuits and items. The optocoupler comes in varied types and forms and thus are suitable for many different places and environments, increasing their usability and demand even more. The North American region will have significant market share caused by the high emphasis and investment in electronics and technology. The Asia Pacific market will see exciting growth opportunities due to the rising living standards of people and the growing trend towards consumer electronics and automation.
Growing demand for consumer electronics
Growing automation across industry verticals
Cyclical nature of the semiconductor industry
In May 2019, Vishay Intertechnology, Inc., improving their product portfolio by releasing two new series of optocouplers with phototriac output in space-saving DIP-4 and SMD-4 packages.
In November 2018, Vishay Intertechnology, Inc. broadened its optocoupler product portfolio by introducing two new optocouplers with phototriac output in compact SOP-4, featuring an off state voltage of 800 V and dV/dt of 1000 V/μs.
The major players profiled in the Optocoupler Market include Toshiba Electronic Devices & Storage Corporation, Broadcom, Renesas Electronics Corporation, On Semiconductor, Vishay Intertechnology, Inc., Sharp Corporation, Standex Electronics, Inc., Everlight Americas Inc., Isocom Limited, and Lite-On Technology Corporation.
The Optocoupler Market has been analyzed through the following segments:
By Product Type
By End-User Industry
Middle East and Africa