Jul 26, 2021 (Heraldkeepers) -- Market Research Future published a research report on "Digital Isolator Market Research Report- Global Forecast 2027" - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
The global digital isolator market is growing rapidly, mainly due to the rising electrical vehicle, green power, and industrial end-markets. Major industry players accentuate developing innovative technology and bringing new products to market, supporting the anticipated high-growth in electrical vehicles and other isolated power applications.
Lead end-markets are prototyping digital isolators addressing applications such as battery chargers, power supplies, and motor drivers for electric & hybrid vehicles and green power, including solar inverters and wind turbine power converters. Besides, rising uses of digital signal isolators essential for medical equipment to prevent electric shock substantiate the Digital Isolator Market size.
Moreover, international standard IEC60601-1, meant for safe medical equipment operations for patients and operators, accelerates the market growth. Given the continual growth of the market, it is estimated that the digital isolator would perceive phenomenal growth during the years to come, continuing with the same trends.
According to Market Research Future (MRFR), the global digital isolator market is poised to reach an approximate valuation of USD 2.4 billion by 2023, continually growing at a 6% CAGR during the assessment period (2017-2023). Additionally, the rising demand for high-speed digital signal isolator chips with speed over more gigabits per second (Gbps) mounted on medical equipment boards with surface-mount technology (SMT) influences the market growth.
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Furthermore, the growing demand for noise-free electronics and to replace octocouplers pushes the growth of the market. Increased usage of renewable energy sources and digital isolators in higher altitudes benefit the market growth. The growing requirement for on-chip transformers and capacitors due to their high speed, timing accuracy, and ease of use boosts the digital isolator industry.
Some of the prominent key players in the market include Advantech Co Ltd (Taiwan), Murata Manufacturing Company Ltd (Japan), NXP Semiconductors N.V. (the Netherland), Broadcom Ltd (U.S.), Texas Instruments, Inc (U.S.), ST Microelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), ON Semiconductor (U.S.), Digi - Key Corporation among others.
The other vendors in the Digital Isolator Market are ADLINK Technology Inc, IXYS Corporation, Halo Electronics Inc, Vicor Corporation, NVE Corp, Silicon Labs among others.
The digital isolator market forecast is segmented into type, data rate, channel, application, and regions. The type segment is sub-segmented into capacitive coupling, giant magneto resistive (GMR), magnetic coupling, and others.
The data rate segment is sub-segmented into less than 25 Mbps, 25 Mbps to 75 Mbps, and above 75 Mbps. The channel segment is sub-segmented into two channels, four channels, six channels, and eight channels.
The application segment is sub-segmented into gate drivers, DC/DC converters, ADC, USB, and other communication ports. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
North America dominates the global digital isolator market, witnessing augmenting demand among various verticals, including automotive, telecommunication, aerospace & defense, and others. Besides, the strong presence of prominent companies such as Broadcom Limited (US), Silicon Labs Inc. (US), and Texas Instruments Inc. (US) positively impact the growth of the digital isolator industry in the region.
The digital isolator market in the Asia Pacific region is growing briskly due to the changing market trends & emerging opportunities. Additionally, factors such as increasing demand and manufacturing of digital isolators that can offer improved performance at a much-reduced cost substantiate the size of the market. The APAC digital isolator market is expected to grow at a considerable CAGR, witnessing huge demand during the assessment period.
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Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data.
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