According to
a new market report published by Lucintel, the future of the optocoupler market
looks attractive with opportunities in the industrial, consumer electronics, telecommunication,
and automotive industries. The global optocoupler market is expected to reach
an estimated $2.1 billion by 2023 with a CAGR of 4.5% from 2018 to 2023. The
major growth drivers for this market are growth in the demand for electric and
hybrid vehicles, growth in factory automation systems and equipment, and increasing
global internet traffic.
In this
market, high performance, phototransistors, phototriac, photodarlington, and
photodiode optocouplers are used to support the electrical isolation and noise
rejection requirements in a wide range of end use industries. Lucintel
forecasts that the high performance optocoupler will remain the largest product
type; it is also expected to witness highest growth rate due to the increasing
demand in the industrial communication busses, automotive battery chargers,
military equipment, and medical instruments.
Within the optocoupler
market, industrial segment will remain the largest end use industry due to
increasing demand for optocouplers in industrial robots, motor control, power
supplies, and industrial networking. This growth will be supported by growth in
the automation field, and increasing requirements of electrical isolation from
higher voltages and noise cancellation. Lucintel predicts that the demand for
optocouplers in the automotive segment will witness the highest growth during
the forecast period due to the increasing usage of optocouplers in hybrid and
electric vehicles.
Asia Pacific
is expected to remain the largest market and will experience the highest growth
over the forecast period. The growth is supported by industrial expansion and
increasing demand for consumer electronics and growth in hybrid and electric
vehicle. The awareness of increasing air pollution levels has encouraged the
adoption of electric vehicles, which will create the large demand for optocouplers
in China, Japan, India, and other countries.
Emerging trends, which have a direct impact
on the dynamics of the industry, include increasing demand in the smart meter
systems, increasing usage in electric vehicle (EV) charging stations, and
advancement in optocouplers for a wider temperature range with superior
electrical characteristics. Toshiba Corporation, Broadcom Limited, Renesas
Electronics Corporation, ON Semiconductors, and Vishay Intertechnology are
among the major manufactures of optocouplers.
Lucintel, a
leading global strategic consulting and market research firm, has analyzed the global optocoupler market
by product type, end use industry, pin type, and region. Lucintel has prepared
a comprehensive research report entitled
“Growth
Opportunities in the Global Optocoupler Market 2018-2023: Trends, Forecast, and
Opportunity Analysis.” This Lucintel report serves as a catalyst
for growth strategy as it provides a comprehensive data and analysis on trends,
key drivers, and directions. The study includes a forecast for the global optocoupler
market by product type, end use industry, pin type, and region as follows:
By Product Type [$M shipment analysis for 2012
– 2023]:
- High Performance Optocouplers
- Phototransistor Optocouplers
- Phototriac Optocouplers
- Others
By End Use Industry [$M shipment analysis for
2012 – 2023]:
- Industrial
- Consumer
Electronics
- Telecommunication
- Automotive
- Others
By Pin type [$M
shipment analysis for 2012 – 2023]:
- 4
Pin Optocouplers
- 5
Pin Optocouplers
- 6
Pin Optocouplers
- 7
Pin Optocouplers and above
By Region [$M shipment analysis for 2012 – 2023]:
·
North America
·
Europe
·
Asia Pacific
·
The Rest of the World
This
160-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include Telecommunication
Report, Telecommunication
Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT
Matrix.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. Lucintel offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q.1 What are some of the most promising
potential, high-growth opportunities for the global optocoupler market by product
type (high performance optocouplers, phototransistor optocouplers, phototriac
optocouplers, and others), end use industry (industrial, consumer electronics,
telecommunication, automotive and others), pin type (4 pin optocouplers, 5 pin
optocouplers, 6 pin optocouplers, 7 pin optocouplers, and above), and region
(North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace
and why?
Q.3 Which regions will grow at a faster pace
and why?
Q.4 What are the key factors affecting market
dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to
the market?
Q.6 What are emerging trends in this market
and the reasons behind them?
Q.7 What are some changing demands of
customers in the market?
Q.8 What are the new developments in the
market? Which companies are leading these developments?
Q.9 Who are the major players in this market?
What strategic initiatives are being implemented by key players for business
growth?
Q.10 What are some of the competitive products
and processes in this area and how big of a threat do they pose for loss of
market share via material or product substitution?
Q.11 What M & A activities have taken
place in the last 5 years in this market?
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