The Optocouplers market is expected to grow at a CAGR of approximately 9% during 2021-2031, and is projected to reach nearly US$ 6 Bn by 2031. An optocoupler is a passive optical component that can split or combine optical power/transmission data from optical fibers.
The key role of an optocoupler is to avert high or dynamic voltages on one side of a circuit from damaging components or distorting transmissions, through the other side of the circuit. The rapid advancement in the automotive and industrial applications is expected to propel optocouplers sales, during the forecast period.
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What is Driving the Demand for Optocouplers?
Growing adoption of optical wireless distribution antenna system (DAS) coupled with shifting of network operators towards DS from cellular network are estimated to positively impact the demand for optocouplers. Furthermore, increasing sale of hybrid electric vehicles along with increasing demand from end use industries such as industrial and communication sectors are likely to augment the sales of optocouplers.
Also, rising investments by significant industrialists in communication industry is likely to flourish the optocouplers demand.
In addition, new isolation technologies are giving rise to lead free, extreme operation temperature, and enclosed optocouplers which are majorly being used in the navy, aerospace, and military sector. For instance, communication sector have incorporated a wide range of engineered optocouplers such as high speed and low current isolation amplifier optocouplers.
Emergence of Hybrid Electric Vehicles Impacting Optocouplers Demand
Inside hybrid-electric vehicles, optocouplers are used to insulate high voltages and isolate unwanted signals. Also, isolation voltage and high CMR performance are majorly preferred in inverters that powers electric motors. Optocouplers help isolate unwanted signals and insulate high voltages in the electric drives powering next-generation hybrid electric vehicles.
The electrical system on hybrids can handle power levels into the kilowatt range or higher and easily reach several hundred volts, as it powers traction motors.
Moreover, worldwide electrification of transportation process continues its fast speed through recent years. According to International Energy Agency (IEA), the global electric vehicles on the road reach more than 10 million in 2020. Thus, the need for integration of highly efficient optocouplers in EV charging stations is projected to boost the demand in the coming years.
In addition, rapid adoption of optocouplers in electric vehicles and hybrid electric power trains is expected to profiler the adoption of optocouplers in the near future.
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US Demand Outlook for Optocouplers
The future of the optocouplers in United States looks attractive with lucrative opportunities in the consumer electronics, industrial, automotive, and telecommunication industries. The factors driving the optocouplers sales in the US are increasing global internet traffic, growth in factory automation systems and equipment, and swelling demand for electric and hybrid vehicles.
Additionally, advancement in optocouplers for a wider temperature range with superior electrical characteristics, increasing usage in electric vehicle (EV) charging stations, and increasing demand in the smart meter systems have emerged as growing trends having direct impact on the dynamics of the optocoupler industry.
Also, the unique characteristics of optocouplers, together with their growing significance in multi-channel and bi-directional applications, are anticipated to boost sales. Manufacturers in the US can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times and supply-lead-times.
East Asia & South Asia Pacific Demand Outlook for Optocouplers
East Asia is also one of the major contributors to the smart energy-efficient products and global automotive sector. China have emerged as one of the major influencing factors in the region, owing to its strong foothold in the global semiconductor market.
The ever-rising demand for efficient optoelectronic components in the industrial sector, coupled with substantial investments in the semiconductor industry is estimated to bolster the sales of optocouplers in the region. Moreover, government initiatives encouraging the growth of local semiconductor market are projected to attract new players into the market.
For instance, the Chinese government raised around US$ 23 – 30 Bn to pay for the second phase of its National IC Investment Fund.
Who are the Key Optocouplers Vendors?
Some of the leading vendors offering optocoupler products include
- Broadcom Inc.
- Toshiba Electronic Devices & Storage Corporation
- Vishay Intertechnology Inc.
- Senba Sensing Technology Co. Ltd
- Shenzhen Kento Electronic Co. Ltd
- Renesas Electronics Corporation
- Everlight Electronics
- Toshiba Corp.
- Panasonic Corporation, and others.
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Key Segments
By Product Type:
- Transistor Output Optocouplers
- IC Output Optocouplers
- Motor Drive Optocouplers
- Others
By End Use Industry:
- Consumer Electronics
- Automotive
- Communication
- Industrial
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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