The global digital isolator market is expected to grow at a CAGR of 6% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global digital isolator market is mainly driven by the growing demand for smaller consumer electronics and the growing demand to replace octocouplers. The global digital isolators market is expected to reach a valuation of USD 2.4 billion by 2023, according to the MRFR report.
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The growing demand for effective safety isolation at lower costs than conventional methods is likely to be the major driver for the global digital isolator market over the forecast period. Octocouplers have been the only available option for end users looking to achieve significant isolation in various types of electronic devices. However, the power consumption and costs of octocouplers are significantly higher than that of digital isolators. This has been a major driver for the global digital isolator market over the last few years. Octocouplers also limit the data rate in the application to relatively small amounts when considered in the context of the growing volume of digital data generation in the modern industrial sector. This drawback is also eliminated by the use of digital isolators, which enable much higher data rates at lower costs and with a lower power consumption figure.
The increasing onslaught of safety-oriented regulations aiming to minimize electrical leakage during signal and data transfer is likely to drive the global digital isolator market over the forecast period. The growing trend of making consumer electronics such as smartphones as thin and slim as possible has led to a demand for effective isolators that can work in the smaller space and provide the same level of isolation. This is likely to drive significant innovation in the global digital isolator industry over the forecast period, as the demand for premium smartphones is likely to grow over the forecast period with the growing disposable income of consumers.
Leading players in the global digital isolator market include Digi-Key Corporation, ON Semiconductor, Infineon Technologies AG, ST Microelectronics NV, Texas Instruments Inc., Broadcom Ltd., NXP Semiconductors NV, Murata Manufacturing Company Ltd., and Advantech Co. Ltd.
The global Digital Isolator Market is segmented on the basis of type, data rate, channel, application, and region.
On the basis of type, the global digital isolator market is segmented into capacitive coupling, giant magneto resistive (GMR), and magnetic coupling.
On the basis of data rate, the digital isolator market is segmented into less than 25 Mbps, 25 Mbps to 75 Mbps, and above 75 Mbps.
On the basis of the number of channels, the market is segmented into two channel, four channel, six channel, and eight channel.
On the basis of application, the digital isolator market is segmented into gate drivers, DC/DC converters, ADC, and USB and other communication ports.
North America is likely to play a leading role in the global digital isolator market over the forecast period due to the growing demand for effective isolation instruments in the region. The growing demand for digital isolators in aerospace, automotive, and telecommunications applications is likely to play a key role in facilitating smooth growth of the digital isolator market in North America over the forecast period. The growing adoption of stringent safety regulations with regard to signal and power isolation is likely to be a key driver for the digital isolator market in North America over the forecast period.
The presence of several leading digital isolator manufacturers in North America is also likely to drive the digital isolator market in the region over the forecast period. Players such as Texas Instruments Inc., Broadcom Ltd., and Silicon Labs Inc. are expected to play a key role in the development of the digital isolator market in North America over the forecast period. Manufacturing effective digital isolators at low costs is a popular strategy among market leaders in the global digital isolator market.
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2030)
Table2 Global Digital Isolator Market: By Region, 2017-2023
Table3 North America Digital Isolator Market: By Country, 2017-2023
Table4 Europe Digital Isolator Market: By Country, 2017-2023
Table5 Asia-Pacific Digital Isolator Market: By Country, 2017-2023
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LIST OF FIGURES
FIGURE 1 Global Digital Isolator Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Digital Isolator Market
FIGURE 4 Value Chain Of Global Digital Isolator Market
FIGURE 5 Share Of Global Digital Isolator Market In 2017, By Country (In %)
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