Optocoupler IC Market is Anticipated to Grown USD 3.36 Billion at a CAGR of 6.10% by 2022–2030 | Increasing demand for smart home devices

Optocoupler IC Market Insights:

The Optocoupler IC Market was valued at USD 1.86 billion in 2018; by the end of the forecast period in 2022–2030, it is anticipated to have grown to USD 3.36 billion at a CAGR of 6.10%. An optocoupler is also known as a photocoupler, optoisolator, or optical isolator. It is an electronic component that transmits electrical signals between two separate circuits via a light-sensitive optical interface. The two primary parts of an optocoupler are an LED and a photosensitive transistor. Optocoupler ICs are utilized in many ways by subsystems, MEMS microphones, audio amplifiers, and audio processors.

The Optocoupler IC Market is being driven by the rising demand for smart home devices as well as the requirement for tiny, energy-efficient optocoupler ICs. Globally, the electronics industry is presently being impacted by strict environmental and energy efficiency standards, which has resulted in several improvements including the convergence and downsizing of nearly all items used in everyday life. According to the Optocoupler IC Market Analysis, there will likely be possibilities for providers in the global Optocoupler IC Industry as a result of the rising need for device miniaturization. As a result of government measures promoting the growth of the local semiconductor sector, new businesses are anticipated to enter the market. For instance, the Chinese government raised between US$23 and US$30 billion to finance the National IC Investment Fund’s second phase. The National IC Investment Fund, often known as the Big Fund, was created in 2014 to support the nation’s semiconductor sector.

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Optocoupler IC Market Key Players:

• Renesas Electronics Corporation of Japan,
• Toshiba Corporation of Japan,
• Semiconductor Components Industries LLC of the United States,
• Broadcom Inc. of the United States,
• Vishay Inter technology, Inc. of the United States,
• Lite-On Technology Inc. of Taiwan,
• Taiwan Semiconductor Mfg. Co. Ltd. of Taiwan,
• Everlight Electronics Co. Ltd. of Taiwan,
• Infineon Technologies AG of Germany,
• IXYS Corporation of the United States,
• Panasonic Corporation of Japan, and
• Sharp Corporation of (the United Kingdom)

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Optocoupler IC Market Regional insights:

North America led the optocoupler IC Industry as a result of technological development and growing demand for consumer electronics items including smartphones, laptops, and other devices. The United States holds the largest share of the optocoupler IC market in North America as a result of the rising use of optocoupler ICs in the automotive and consumer electronics sectors. The market’s expansion is also greatly aided by the existence of several optocoupler IC producers, including Vishay Inter technology, Inc., Semiconductor Components Industries LLC, and Broadcom Inc. In addition, throughout the projection period, rising investments in the automotive sector by several US-based enterprises are projected to support demand for optocoupler ICs.

Optocoupler IC Market Segmentation:

The market for optocoupler IC may be broken down into several categories based on type, pin, and vertical. You may analyze unique pockets of growth and ways to approach the market with the aid of the growth among segments. You can also discover your main application areas and the differences in your target markets using this information.

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On the basis of type, the optocoupler IC market is divided into high-linearity optocouplers, high-speed optocouplers, logic output optocouplers, MOSFET output optocouplers, transistor output optocouplers, TRIAC & SCR output optocouplers, and other optocouplers.

The market for optocoupler IC is divided into four different categories, based on the number of pins: 4-Pin, 5-Pin, 6-Pin, and 7-Pin.

Additionally, the market for optocoupler IC is divided into submarkets based on vertical applications, such as automotive, aerospace and defense, solar, consumer electronics, and others.

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