Global Optocouplers Market Fueled by Advanced Isolation Technologies to Record 8.20% CAGR from 2015-2021

Transparency Market Research announces the release of a new research report titled “Optocouplers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”. The report is available for sale on the company website. According to the publication, the global optocouplers market is anticipated to grow from a value of US$1.8 Bn in 2014 to US$3.2 Bn by 2021. If these values hold true, then analysts indicate that the optocouplers market will expand at a healthy CAGR of 8.20% from 2015 to 2021.

The report identifies and analyzes the various factors that impact the growth of the optocouplers market. According to the study, the optocouplers market is driven by rising demand for hybrid electric vehicles and industry automation, advanced isolation technologies, and economic growth in developing countries. While replacement of relays with optocouplers and the strengthening purchasing power of consumers are anticipated to boost the demand for optocouplers in the near future, intrinsic wear-out, low data rate, and increased power consumption are likely to challenge the growth of the optocouplers market.

By product type, the optocouplers market is divided into 6 pin optocoupler, 4 pin optocoupler, IGBT gate driver, high-speed optocoupler, isolation amplifier, and others. Making up for 53.10% of the total market, the isolation amplifiers’ segment dominates the optocouplers market.On the basis of application, the optocouplers market is categorized into printer and imaging devices, communication, industrial, automotive, signage, commercial, and others. Among these, the industrial sector held 37.95% of the overall optocouplers market in 2014, making it the leading application segment in terms of value.

Geographically, the global optocouplers market is segmented into North America, Asia Pacific, Europe, and Rest of the World. In 2014, Europe accounted for 35.1% of the global market, making it the largest regional segment in terms of revenue. This optocouplers market is driven by rising demand from the automotive and industrial sector, rising demand for automation in the manufacturing sector, increased demand for hybrid electric vehicles, and growing applications in the communication sector. Asia Pacific held almost 31.50% of the global optocouplers market in 2014, making the second-largest regional segment. This market is also fueled by growth of the automotive, communication, and industrial sector.

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A key feature of the research report on the optocouplers market is the assessment of the competitive landscape. Leading vendors are identified and profiled in the optocouplers market on the basis of aspects such as company and financial overview, recent developments, product portfolio, and business strategies. The most prominent players functioning in the global optocouplers market include Toshiba Corporation, Maxwell Technologies, Texas Instruments, Analog Devices, Inc., Renesas Electronics, Isocom Limited, Silicon Laboratories, Inc., Vishay Intertechnology, Avago Technologies, and Fairchild Semiconductor.

Global Optocouplers Market Driven by Growing Automotive Industry :Transparency Market Research

Optocouplers, also known as opto-isolators, are electronic devices utilized to protect components that require reduced voltage inputs. Optocouplers separate a section with lower voltage from a section with high voltage in the same circuit. In vehicles, the driver assistance system needs an electronic control unit (ECU) to function, which operates on a substantially lower voltage than the main battery of the car. Optocouplers help achieve this reduction in voltage and isolation of the two unbalanced electrical systems.Industrial machinery needs a high voltage in general, but a few components need low voltage to function and can be damaged by excess supply of electricity. These requirements for voltage isolation are usually achieved through an optocoupler.The global optocouplers market was estimated at US$1.87 billion in 2014 and, expanding at a CAGR of 8.2% from 2015 to 2021, is anticipated to reach US$3.22 billion by 2021.

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Isolation Amplifier Optocouplers Emerged as Dominant Product Type with 53.1% Market Share

By application, the global optocouplers market is segmented into seven application types: printer and imaging devices, automotive, communication, signage, industrial, commercial, and others. On the basis of value, the industrial sector was the largest contributor, representing 37.95% of the overall market in 2014.By product type, the global optocouplers market can be segmented into six types: 6 pin optocouplers, 4 pin optocouplers, IGBT gate drivers, high speed optocouplers, isolation amplifiers, and others. Isolation amplifier optocouplers occupied the largest share of the overall market – 53.1%. Increasing ecological concerns for making electrical components that are lead-free has created an opportunity for the manufacturers of optocouplers to manufacture optocouplers in accord to the environmental standards.

Global Optocouplers Market Driven by Growing Automotive Industry

Global optocouplers market is mainly driven by factors such as the burgeoning of the automotive and industrial sectors in developing countries. The automotive and industrial automation communication sectors in emerging countries such as India, China, and others are on the rise due to growing urbanization and increase in disposable income. The market for optocouplers in these regions is majorly driven by large investment for accelerated communication systems and rising demand for premium automobiles. The rise in automation in the manufacturing sector is fuelling the growth of the market, as optocouplers are a vital part of the automation process. Additionally, elevating demand for hybrid vehicles (HEVs) worldwide is also helping the market for optocouplers.

In terms of geography, the global optocouplers market has been segmented into four major regions: North America, Europe, Asia Pacific, and Rest of World (Latin America, the Middle East, and Africa). On the basis of revenue, Europe acquired the biggest share of the market in 2014, trailed by Asia Pacific. The most influential factors driving demand for optocouplers in the European market are rising demand for automation in the manufacturing sector and increasing demand for HEVs. Expansion of the optocouplers market in Asia Pacific can be credited to the rising demand from the automotive sector as well as industrial applications.

The key manufacturers across the four regional segments of the optocouplers market are Fairchild Semiconductor, Avago Technologies, Renesas Electronics, and Vishay Intertechnology.

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