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Digital Isolator Market 2024 - Top Manufactures, Growth Rate, Revenue And Forecast To 2033
Digital Isolator Market
The Business Research Company offers in-depth market insights through Digital Isolator Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The digital isolator market size has grown strongly in recent years. It will grow from $2.23 billion in 2023 to $2.4 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to stigma reduction, increased awareness, telehealth adoption, employer wellness programs..
The digital isolator market size is expected to see strong growth in the next few years. It will grow to $3.16 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to regulatory support, expanded insurance coverage, tailored interventions, global mental health initiatives, integration into education.. Major trends in the forecast period include integration of artificial intelligence (ai) for personalized interventions, expansion of telepsychiatry and teletherapy services, development of mental health wearables and biofeedback devices, introduction of gamified mental health apps, focus on digital sleep improvement programs, implementation of chatbots and virtual assistants for emotional support..
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Market Segmentation:
The digital isolator market covered in this report is segmented -
1) By Technology: Capacitive Coupling, Magnetic Coupling, Giant Magnetoresistive, Other Technologies
2) By Data Rate: Up to 25 Mbps, 25 - 75 Mbps, Above 75 Mbps
3) By Channel: 2 Channel, 4 Channel, 6 Channel, 8 Channel, Other Channels
4) By Insulation: Polyimide-Based, Silicon Dioxide (Sio2)-Based, Other Insulations
5) By Industry Vertical: Automotive, IT And Telecommunications, Aerospace And Defense, Consumer Electronics, Energy And Power, Other Industries
Major Driver - Growing Demand For Consumer Electronics Is Anticipated To Fuel Digital Isolator Market
Increasing demand for consumer electronics is expected to propel the digital isolator market going forward. Consumer electronics refers to electronic devices and gadgets designed for personal use, entertainment, communication, and productivity. Digital isolators use in consumer electronics to provide a barrier that prevents direct electrical connections between different sections of a circuit with enhanced performance, safety, and reliability. For instance, in January 2023, according to International Data Corporation, a US-based firm of events, consulting services, and market intelligence for the information technology, telecommunications, and consumer technology industry, in 2022, worldwide deliveries of used mobile devices, combining officially reconditioned and previously owned smartphones, are expected to reach 282.6 million devices. The per-unit growth reflects a rise of 11.5% above the 253.4 million units supplied in 2021. Therefore, the increasing demand for consumer electronics is driving the digital isolator market.
Competitive Landscape:
Major companies operating in the digital isolator market report are Broadcom Inc., Texas Instruments Inc., STMicroelectronics NV , TDK Corporation, Infineon Technologies AG, Murata Manufacturing Co. Ltd., NXP Semiconductors NV, Analog Devices Inc., Renesas Electronics Corporation, ON Semiconductor Corporation, Skyworks Solutions Inc., DigiKey Corporation , Littelfuse Inc., Nexperia BV, Advantech Co. Ltd., Monolithic Power Systems Inc., Mornsun Power Gmbh, Silicon Laboratories Inc., National Instruments Corporation , IXYS Corporation, Vicor Corporation, Suzhou Novosense Microelectronics Co. Ltd., Celsa Group, Toshiba Electronic Devices & Storage Corporation, GLYN Ltd & Co. KG , 2Pai Semiconductor Co. Ltd., Halo Electronics Inc., E-MAX Instruments Inc., Rhopoint Components Ltd.
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