Global Opto Isolator Market Report 2024, Forecast To 2033
8 Mar, 2024
The opto-isolator market has experienced rapid growth, expanding from $1.12 billion in 2023 to $1.24 billion in 2024, with a compound annual growth rate (CAGR) of 10.9%. This growth is attributed to various factors including early telecommunication development, industrial automation growth, and the rise in power electronics. Looking ahead, the market is projected to reach $1.79 billion in 2028, with a CAGR of 9.7%. This growth is fueled by trends such as cybersecurity, smart grid infrastructure, and the proliferation of IoT devices. Emerging trends include opto-isolators in quantum computing and enhanced data rate transmission, reflecting the market's evolution towards advanced applications and integration.
Global Opto Isolator Market Key Driver
The optoisolator market is set to expand due to the rapid growth of LED lighting, which relies on opto-isolators to convert electrical signals into light signals. The International Energy Agency reported a substantial increase in residential LED lighting sales, reflecting the growing adoption of LED technology. Therefore, the rapid growth of LED lighting is expected to fuel the demand for optoisolators.
Get A Free Sample Of The Global Opto Isolator Market ReportGlobal Opto Isolator Market Segments
The opto-isolator market covered in this report is segmented –
1) Product:Non-Linear Opto-isolator, Linear Opto-Isolator
2) Technology:High-Speed, High-Voltage, Integrated
3) Application:Telecommunications, Cable TV, Military And Aerospace, Industrial Motors, Other Applications
4) Sales Channel:Direct Sales, Distributors
By Geography: The countries covered in the opto-isolator market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the opto-isolator market in 2023. The regions covered in the opto-isolator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Opto Isolator Industry Players
Hirose Electric Co. Ltd.; LITE-ON Technology Inc.; TT Electronics; Everlight Electronics Co Ltd.; Thorlabs Inc.; IXYS Corporation; Standex Electronics Inc.; Oz Optics; Harwin Inc.; Kingbright Company LLC; Broadcom Inc.; Osram Opto Semiconductors GmbH; DK Photonics Technology Limited; Toshiba Corporation; Sumitomo Electric Industries Ltd.; Sharp Corporation; Corning Inc.; Amphenol Corporation; Molex LLC; Isocom Components Ltd.; Yageo Corporation; Vishay Intertechnology Inc.; NTE Electronics Inc.; Renesas Electronics Corporation; Plus Opto Ltd.; Littelfuse Inc.; Diodes Incorporated; Fairchild Semiconductor Co; Bourns Inc.; Semtech Corporation.
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Opto Isolator Market Overview
An opto-isolator, often called an optical coupler or optocoupler, is an electronic component that provides electrical isolation between two circuits while transferring electrical energy from one course to another through a brief optical transmission channel. It is used to communicate between diodes without transmitting an electrical current.