Growth Opportunities in the Global Optocoupler Market
The optocoupler market looks attractive with opportunities in the industrial, consumer electronics,telecommunication, and automotive industries. The global optocoupler market is expected to reachan estimated $2.1 billion by 2023 with a CAGR of 4.5% from 2018 to 2023. The major growthdrivers for this market are growth in the demand for electric and hybrid vehicles, growth in factoryautomation systems and equipment, and increasing global internet traffic.
In this market, high performance, phototransistors, phototriac, photodarlington, and photodiodeoptocouplers are used to support the electrical isolation and noise rejection requirements in a widerange of end use industries. Lucintel forecasts that the high performance optocoupler will remainthe largest product type; it is also expected to witness highest growth rate due to the increasingdemand in the industrial communication busses, automotive battery chargers, military equipment,and medical instruments.
Within the optocoupler market, industrial segment will remain the largest end use industry due toincreasing demand for optocouplers in industrial robots, motor control, power supplies, andindustrial networking. This growth will be supported by growth in the automation field, andincreasing requirements of electrical isolation from higher voltages and noise cancellation. Lucintelpredicts that the demand for optocouplers in the automotive segment will witness the highestgrowth during the forecast period due to the increasing usage of optocouplers in hybrid and electricvehicles.
This unique report from Lucintel will provide you with valuable information, insights, and toolsneeded to identify new growth opportunities and operate your business successfully in this market.
This report will save hundreds of hours of your own personal research time and will significantlybenefit you in expanding your business in this market. In today’s challenging economy, you needevery advantage that you can find.
Scope and Features of This Report:
To make critical business, investment, or strategic decisions, you need timely useful information.
This market report fulfills this core need and is an indispensable reference guide for materialsuppliers, product manufacturers, investors, executives, distributors, and more that operate in thismarket. Some of the features and scope of this report include the following: Market size estimates: Growth opportunities in the global optocoupler market in terms ofvalue ($M) shipment. Trend and forecast analysis: Global optocoupler market trend (2012-2017) and forecast(2018-2023) by region and segment Segmentation analysis: Global optocoupler market size from 2012 to 2023 by producttype, end use industry, and pin type as follows: Global optocoupler market size by product type: High Performance Optocouplers Phototransistor Optocouplers Phototriac Optocouplers Others Global optocoupler market size by end use industry type: Industrial Consumer Electronics Telecommunication Automotive Others Global optocoupler market size by pin type: 4 Pin Optocouplers 5 Pin Optocouplers 6 Pin Optocouplers 7 Pin Optocouplers and above Regional analysis: Global optocoupler market breakdown by key regions of North
America, Europe, Asia Pacific, and the Rest of the World Growth opportunities: Analysis of growth opportunities in product, end use industry, andpin type. Strategic analysis: This includes M&A, new product development, competitive landscape,and expansion strategies of global optocoupler market suppliers. Emerging applications: Emerging applications of construction in the global optocouplermarket.
Analysis of the competitive intensity of the industry based on Porter’s Five Forces model.