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Opto-Isolator Market Competitive Dashboard, Detailed Analysis, Share, Top Trends And Forecast To 2032
Opto-Isolator Market Analysis
The Business Research Company's Opto-Isolator Global Market Report 2023 identifies rapid growth of LED lighting as the major driver for the opto-isolator market's growth in the forecast period. In opto-isolators, LEDs transform electrical input signals into corresponding light signals.
The global opto-isolator market is expected to grow from $1 billion in 2022 to $1.12 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The opto-isolator market is expected to reach $1.63 billion in 2027 at a CAGR of 9.9%.
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Major competitors in the opto-isolator market 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.
A key trend in the opto-isolator market includes product innovation. Major companies operating in the optoisolator market are focusing on developing new products to sustain their position in the market. For instance, in May 2021, Toshiba, a Japan-based manufacturer of electronic devices, launched TLP3910, a photovoltaic-output photocoupler. It is a photovoltaic coupler in a slim SO6L package that may be used to drive the gates of high-voltage power MOSFETs used as isolated solid-state relays (SSR). The entrance of a high-voltage power MOSFET can be caused by just one new TLP3910 with a minimum open voltage of 14V. The TLP3910 is Toshiba's first photovoltaic coupler with a minimum isolation voltage of 5000Vrms while retaining the fundamental functionality of the company's existing TLP191B and TLP3906 products. It permits usage with industrial machinery powered by AC400V systems.
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The opto-isolator market is segmented -
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
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the opto-isolator market.
The Business Research Company's "Global Opto-Isolator Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Opto-Isolator Market Include:
1. Executive Summary
2. Opto-Isolator Market Characteristics
3. Opto-Isolator Market Trends And Strategies
4. Opto-Isolator Market - Macro Economic Scenario
…….
32. Global Opto-Isolator Market Competitive Benchmarking
33. Global Opto-Isolator Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Opto-Isolator Market
35. Opto-Isolator Market Future Outlook and Potential Analysis
36. Appendix
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