A
high voltage electrical current passing through a low-power system or
component can irreversibly damage the latter. This issue, which is
fairly common in complex electrical systems, is addressed with the
use of a semiconductor device known as an optocoupler or
opto-isolator. As the name suggests, an optocoupler makes use of an
optical transmission path to pass small amounts of electricity from a
high-power system to a low-power power system while keeping both
electrically isolated. The significance of these components is
testified by the fact that optocouplers comprised a US$1.87 billion
market in 2014.
It
is expected, according to the projections of Transparency Market
Research, that the global optocouplers market will reach a valuation
of US$ 3.22 billion by 2021. This translates to a compounded annual
growth rate (CAGR) of about 8.2% for the optocouplers market between
the six-year period from 2015 to 2021.
Browse
Market Research Report of Optocouplers Market:
With
their growing use in a wide spectrum of industries, here are the top
10 insights about the global market for optocouplers:
1.
The growth of the global optocouplers market is hinged on the
advancements made in the automotive, communications, and industrial
technologies. The increasing emphasis on fail-safe, round-the-clock
solutions, especially in telecommunications will create the need for
optocouplers that boast a longer life than before.
2.
In the industrial, automobile, and communication sectors, the demand
for optocouplers for high-temperature-resistant and high-speed
optocouplers is seen to be high. The advent of the robotics and IoT
revolution will stimulate appreciable demand for optocouplers from
these sectors.
3.
The communication sector, on the other hand, relies on engineered
isolation amplifier optocouplers that boast qualities such as high
speed and extremely low-current-passing capabilities. With the
penetration of internet and mobile phones, the demand for miniature
optocouplers will grow.
4.
The development of new isolation techniques has enabled companies to
launch hermetic optocouplers as well as those that can operate
effectively in high-temperature conditions. The use of lead-free
optocouplers is rising in sectors such as aerospace, military and
navy.
5.
In 2014, the industrial sector contributed the highest (in value
terms) to the global optocouplers market. Based on applications
(automotive, communication, industrial etc.), the industrial segment
contributed a significant 37.95% to the optocouplers market share in
2014.
6.
Of all the various product variants available in the global
optocouplers market, isolation amplifier optocouplers are the most
dominant, accounting for a market share in excess of 53% in 2014. The
other common varieties of optocouplers are: 4-pin, 6-pin, high-speed,
and IGBT gate driver optocouplers.
7.
According to market analysts, one of the key drivers in the global
optocouplers market that will influence demand is the robust
automotive industry in China and India. This aspect will play a
crucial role in tilting the demand toward emerging economies.
8.
From the regional standpoint, the optocouplers market in Europe stood
as the largest in 2014, constituting over 35% of the global
optocouplers market. The large automotive industry in Europe can be
credited for Europe’s sizeable stake in the optocouplers market.
9.
Europe and Asia account for over 66% of the global optocouplers
market between them. The Asia Pacific region is in the midst of
sweeping changes in various industries right from telecommunications
to industrial to automotive. This will cause an upswing in the demand
for optocouplers.
10.
Yet, wear-related performance dips – an intrinsic attribute of
optocouplers – are a major drawback for the growth of the
optocouplers market. Companies are recommended to develop products
that overcome these drawbacks.
Browse
Press Release of Optocouplers Market:
However,
with the overall development of isolation technologies, the
optocouplers market is poised for impressive growth.
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