According to a market report by Lucintel, the future of the global optocoupler market looks promising with opportunities in the industrial, consumer electronics, telecommunication, and automotive markets. The global optocoupler market is expected to reach an estimated $10 billion by 2030 from $6 billion in 2023 at a CAGR of 8.5% from 2023 to 2030. The major drivers for this market are increasing demand for consumer electronics such as smartphones, tablets, and home appliances, rise in industrial automation and smart manufacturing technologies, and growth of renewable energy sources, such as solar and wind power.
In this market, high performance optocouplers, phototransistor
optocouplers, phototriac optocouplers are the major segments of optocoupler
market by product type.
Lucintel forecasts that high performance optocoupler will remain the
largest segment over the forecast period due to the increasing demand in the
industrial communication busses, automotive battery chargers, military
equipment, and medical instruments.
Within this market, industrial is expected to witness the higher growth
due to increasing demand for optocouplers in industrial robots, motor control,
power supplies, and industrial networking.
Download sample by clicking on optocoupler
market.
APAC will remain the largest region over the forecast period due to high
demand in industrial application and automotive sector in region.
Toshiba Corporation, Broadcom Limited, Renesas Electronics Corporation,
ON Semiconductor, and Vishay Intertechnology are the major suppliers in the
optocoupler market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cast
visit Lucintel’s Analytics Dashboard.
About Lucintel
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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