Market Overview
In 2018, the global Optocoupler IC Market was registered to acquire the market value at USD 1.86 Billion. However, the global market is predicted to reach USD 2.55 Billion during the forecast period and is projected to grow at a CAGR of 6.5% in the research period.
According to the Optocoupler IC Market Forecast report, the increasing need for compact and energy-efficient optocoupler ICs, and growing demand for smart home devices are two important growth driving factors for the global market.
Further, the growing demand for device miniaturization is predicted to bring excellent opportunities for the Optocoupler IC Industry. Moreover, the increasing research and developmental activities, rising machinery modernization, and technological advancement will generate lucrative opportunities for the global market.
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Market segmentation
The Optocoupler IC Market Analysis states that the present market has been segregated based on types, verticals, and pins.
Based on the type segment, the global market has been segmented into high-speed optocouplers, high linearity optocouplers, MOSFET output optocouplers, logic output optocouplers, TRIAC & SCR output optocouplers, transistor output optocouplers, and others. Among all, the high-speed optocouplers are projected to create the highest CAGR in the review period.
The global market has been segregated into aerospace & defense, automotive, consumer electronics, and solar-based on the vertical segment. Of these, the automotive segment is anticipated to generate the highest CAGR in the review timeframe.
In terms of pin segment, the worldwide market has been classified into 7-pin, 6-pin, 5-pin, and 4-pin. In 2018, the 4-pin optocouplers segment was projected to register the largest market share. Further, the 7-pin optocouplers segment is anticipated to hold the highest CAGR in the research period.
Regional Analysis
The geographical areas such as North America, Latin America, Europe, South America, Asia Pacific, and others play an essential role in thriving the Optocoupler IC Market Share in the forecast period.
The North American region dominates the global market during the assessment period due to the growing demand for consumer electronics devices like computers, smartphones, and others and increasing technological advancement in the region. In the North American region, the US country is registered to generate the largest market share due to the rising adoption of optocoupler ICs in the consumer electronics and automotive industries.
In addition, the North American region is fueling the market growth because of the presence of many important manufacturers of optocoupler ICs like Semiconductor Components Industries LLC, Vishay Intertechnology, Inc, and Broadcom Inc. Further, the demand for optocoupler ICs is growing in this region due to the increased investments in the automotive industry by many US-based companies.
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