Press release
Global Optocouplers Market Expected to Witness a Sustainable Growth over 2023
An optocouplers, also called opto-isolator, optical coupler, opto coupler, photocoupler or optocouplers, is a passive optical component that can combine or split transmission data (optical power) from optical fibers. It is an electronic device which is designed to transfer electrical signals by using light waves in order to provide coupling with electrical isolation between its input and output. The main purpose of an optocoupler is to prevent rapidly changing voltages or high voltages on one side of a circuit from distorting transmissions or damaging components on the other side of the circuit.
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Global Optocouplers Market: Forecast by Type / Application / Region
An optocoupler contains a light source often near an LED which converts electrical input signal into light, a closed optical channel and a photosensor, which detects incoming light and either modulates electric current flowing from an external power supply or generates electric energy directly. The sensor can either be a photoresistor, a silicon-controlled rectifier, a photodiode, a phototransistor or a triac.
The market is driven by various end-user industries, such as Telecommunications, Cable TV, Military and Aerospace, Industrial Motors, Automotive and others (computers and office equipment, plasma displays).
The market for Optocouplers is fragmented with players such as Fairchild, Toshiba, Avago (FIT), Vishay Intertechnology, Renesas, Sharp, ISOCOM, LiteOn, Everlight Electronics, Standex-Meder, Electronics, IXYS Corporation, Kingbright Electronic, NTE Electronics, Plus Opto, etc. The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The unique characteristics of Optocouplers, together with their growing significance in multi-channel and bi-directional applications, are anticipated to boost sales. Manufacturers can take advantage of this situation by reinforcing their production units and supply-chains to avoid any delay in production turn-around-times (TAT) and supply-lead-times.
Over the next five years, LPI(LP Information) projects that Optocouplers will register a 8.3% CAGR in terms of revenue, reach US$ 4780 million by 2023, from US$ 2970 million in 2017.
Global Optocouplers Market: Key Players
Fairchild
Toshiba
Avago (FIT)
Vishay Intertechnology
Renesas
Sharp
ISOCOM
LiteOn
Everlight Electronics
Standex-Meder Electronics
IXYS Corporation
Kingbright Electronic
NTE Electronics
Plus Opto
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Related Information:
United States Optocouplers Market Research Report 2018
Europe Optocouplers Market Research Report 2018
North America Optocouplers Market Research Report 2018
Asia-Pacific Optocouplers Market Research Report 2018
China Optocouplers Market Research Report 2018
EMEA Optocouplers Market Research Report 2018
Global Optocouplers Market Research Report 2018
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