Opto-Isolator Global Market Report 2024

An opto-isolator, also known as an optical coupler or optocoupler, is an electronic device designed to offer electrical isolation between two circuits while facilitating the transfer of electrical energy from one circuit to another through a short optical transmission path. Its primary function is to enable communication between diodes without the conduction of an electrical current.

Opto-isolator products can be broadly categorized into two main types such as nonlinear opto-isolators and linear opto-isolators. Nonlinear opto-isolators typically utilize a vertical spring as the negative stiffness element and employ a curved-mount-spring-roller mechanism as the positive stiffness element. These technologies encompass variations such as high-speed, high-voltage, and integrated options, catering to diverse industries including telecommunications, cable TV, military and aerospace applications, industrial motor control, and other relevant sectors. These products are distributed through various sales channels, including direct sales and distribution networks.

The opto-isolator market research report is one of a series of new reports from The Business Research Company that provides opto-isolator market statistics, including opto-isolator industry global market size, regional shares, competitors with an opto-isolator market share, detailed opto-isolator market segments, market trends and opportunities, and any further data you may need to thrive in the opto-isolator industry. This opto-isolator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The opto-isolator market size has grown rapidly in recent years. It will grow from $1.12 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth witnessed during the historic period can be attributed to several key factors. These include the early stages of telecommunication development, the expansion of industrial automation, the increased emphasis on safety standards in medical equipment, the growing prevalence of power electronics, and advancements in electronic instrumentation. These factors collectively contributed to the growth and adoption of opto-isolators in various industries during the historical period.

The opto-isolator market size is expected to see strong growth in the next few years. It will grow to $1.79 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The anticipated growth in the forecast period is expected to be driven by several significant factors. These include the increasing focus on cybersecurity and data protection, the implementation of smart grid technologies for efficient energy management, the integration of opto-isolators into renewable energy systems, the development of 5G network infrastructure, and the proliferation of IoT (Internet of Things) and smart devices. Key trends projected for the forecast period involve the utilization of opto-isolators in the realm of quantum computing, the emergence of low power consumption devices employing these components, the utilization of application-specific opto-isolators tailored to specific needs, advancements in miniaturization and integration of these components, and the enhancement of data transmission rates facilitated by opto-isolator technology. These trends are anticipated to significantly influence the market landscape and drive its growth in the coming forecast period.

The anticipated rapid expansion of LED lighting is poised to significantly contribute to the growth of the optoisolator market. LED lighting, characterized by semiconductor devices producing visible light when an electrical current flows through them, plays a pivotal role in opto-isolators where LEDs convert electrical input signals into corresponding light signals. As of June 2023, the International Energy Agency (IEA) reported that residential LED lighting sales constituted a substantial 50.5% share in 2022, reflecting a remarkable 46.3% increase from the previous year. Additionally, the lighting efficacy of LED lighting demonstrated an upward trend, increasing from 107 lumens/watt in 2020 to 111 lumens/watt in 2021. This robust growth in LED lighting is a key factor driving the expansion of the optoisolator market.

The increasing demand for electric vehicles is expected to propel the growth of the opto-isolator market. Electric vehicles, propelled by one or more electric motors utilizing energy stored in rechargeable batteries, rely on opto-isolators to provide electrical separation between high-voltage and low-voltage components. This ensures safety and prevents signal interference in the intricate systems of electric vehicles. According to an April 2023 report by the International Energy Agency, the global electric car market witnessed substantial growth, surpassing 10 million in sales in 2022. The percentage of electric cars in overall car sales experienced a notable increase, rising from 9% in 2021 to 14% in 2022. Hence, the escalating demand for electric vehicles stands as a significant driving force behind the growth of the opto-isolator market.

The prevailing trend of product innovation is making significant strides in the optoisolator market, with major companies strategically focusing on the development of novel products to reinforce their market positions. An illustrative instance occurred in May 2021 when Toshiba, a leading Japan-based electronic devices manufacturer, introduced the TLP3910, a photovoltaic-output photocoupler. This slim SO6L-packaged photovoltaic coupler serves the purpose of driving the gates of high-voltage power MOSFETs utilized as isolated solid-state relays (SSR). The TLP3910, a groundbreaking addition, enables the triggering of a high-voltage power MOSFET with just a single unit featuring a minimum open voltage of 14V. Distinguished as Toshiba's inaugural photovoltaic coupler with a minimum isolation voltage of 5000Vrms, the TLP3910 retains the fundamental functionality of the company's existing TLP191B and TLP3906 products. Its application extends to industrial machinery powered by AC400V systems.

Prominent companies in the opto-isolator market are strategically investing in the development of qualified optocouplers, with a specific focus on linear optocouplers to meet the escalating demand in electric vehicle applications and gain a competitive advantage. A linear optocoupler, an electronic component facilitating galvanic isolation and precise linear transfer of optical signals between input and output circuits, has gained prominence. In November 2022, Vishay Intertechnology, a leading US-based manufacturer of discrete semiconductors and passive electronic components, unveiled the VOA300, an AEC-Q102-qualified linear optocoupler tailored for the automotive industry. Boasting an industry-leading isolation voltage of 5300 Vrms, the device offers a five times faster response time compared to its counterparts, along with enhanced transfer gain stability and a single-ended output for heightened design flexibility. Designed for application in electric vehicles (EVs), including on-board chargers and traction inverters, the VOA300 ensures reliable and swift data transfers at 1.4 MHz. This facilitates the quick detection of voltage and current ripples for safety mechanisms, such as battery cut-off, ensuring passenger and vehicle protection.

In September 2023, Japan Industrial Partners (JIP), a private equity firm based in Japan, successfully acquired a 78.65% ownership stake in Toshiba for a total of $14 billion. This strategic acquisition enables the JIP-led consortium to potentially acquire the remaining shares from other shareholders. Toshiba, a diversified Japanese corporation operating in electronics, electrical equipment, and information technology sectors, is part of their portfolio and includes products such as Optocouplers.

Major companies operating in the opto-isolator market report are 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.

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

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.

The opto-isolator market consists of sales of photo-transistor optocouplers, photodarlington transistor optocouplers, and photo-triac optocouplers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Opto-Isolator Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on opto-isolator market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for opto-isolator ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The opto-isolator market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Product: Non-Linear Opto-isolator; Linear Opto-Isolator
• 2) By Technology: High-Speed; High-Voltage; Integrated
• 3) By Application: Telecommunications; Cable TV; Military And Aerospace; Industrial Motors; Other Applications
• 4) By Sales Channel: Direct Sales; Distributors
• Companies Mentioned: Hirose Electric Co. Ltd.; LITE-ON Technology Inc.; TT Electronics; Everlight Electronics Co Ltd.; Thorlabs Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.