Optocouplers Stimulate Appreciable Demand By The Advent Of Robotics And IoT Revolution
The global optocouplers market is driven by the growth of the
automotive and industrial sector, especially in the emerging
countries. Developing countries such as India and China are
witnessing a huge demand for optocouplers, due to large investments
in the communication sector. An overall increase in the use of
automation in the manufacturing sector is driving the global
optocouplers market. A rise in the demand for hybrid electric
vehicles (HEVs) is also encouraging the market’s growth.
An optocoupler is an electronic component used to transfer electrical
signals between two circuits by the use of light. Optocouplers
isolate low voltage components from high voltage spikes in the same
circuit, thus preventing high voltages from affecting the system that
is receiving the signal. They are extensively used in printers and
imaging devices, communication sectors, automobiles, and industrial
applications.
The market restraints include high power consumption by optocouplers
and the low data rates that they provide. Moreover, the intrinsic
wear-out of optocouplers components will also restrict the market’s
growth. However, the use of optocouplers in the military, aerospace,
and defense sectors will spur growth opportunities in the market.
Replacement of relays with optocouplers will also open new growth
opportunities in the market. The rising purchasing power of consumers
in the coming years is further expected to drive the market.
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The global optocouplers market is segmented on the basis of type,
application, and geography. Geographically, the market is segmented
into Asia Pacific, North America, Europe, and the Rest of the World.
Europe accounted for 35.1% of the global optocouplers market in 2014,
closely followed by Asia Pacific representing a share of 31.5% in the
market.
On the basis of application, the market is segmented into printer and
imaging device, automotive, signage, commercial, industrial and
communication. Of these, the industrial segment contributed the
highest in 2014, accounting for 37.95% of the global optocouplers
market. On the basis of type, the optocouplers market is segmented
into high speed optocouplers, 4 pin optocouplers, IGBT gate drivers,
6 pin optocouplers, and isolation amplifier. Among these, isolation
amplifier optocouplers accounted for 53.1% of the global optocouplers
market.
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”. 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 profiles leading vendors operating in the global
optocouplers market. They are: Fairchild Semiconductor (United
States), Avago Technologies (United States), Renesas Electronics
(Japan), and Vishay Intertechnology (United States). The strategies
adopted by the companies and the challenges faced by them are
included in the report, thus benefitting enterprises to make informed
business decisions.
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