Photocoupler is an electric component that facilitates the transmission of the electrical signal using light between two isolated circuits called an Optocoupler. It is also known as an optical isolator or optoisolator. The most common form of Optocoupler has primarily consisted of LED & Phototransistor. Near Infrared LED is an integral part of an Optocoupler, which convert an electrical signal into light. In contrast, a photosensor is another essential component that detects the input light and generates electrical energy. The history of optocouplers dates back five decades. It was developed and commercialized in the 1970s.
The Global Optocoupler market is expected to witness a CAGR of 7.5% during the forecast period. The revenue generated by the global Optocoupler market in 2021 was over USD 2,680.74 million and is expected to generate revenue worth USD 4,614.75 million in 2028. Therefore, the incremental growth opportunity offered by the global Optocoupler is estimated to be USD 26.17 billion between 2022 and 2028.
Interesting Facts about Optocoupler Industry
Optocouplers have been around for the last five decades
Optocoupler comes in four configurations
Optocoupler facilitates complete electrical isolation between input and output signal
S. is the single largest market for Optocouplers
China leads the production of Optocouplers
Rapid Advancement of Communication Technology
The rapidly changing technological landscape of the communication industry coupled with the emergence of 5G technology is fueling the demand for optocouplers. Optocouplers are the most crucial components in 5G technology. With rising demand for high-speed internet across the world, the demand for Optocoupler is anticipated to grow in tandem with 5G technology. Moreover, with the increasing use of augmented reality, artificial intelligence, and virtual reality, the demand for Optocouplers will likely be high over the forecast period.
Transistors Held the Considerable Share
Transistor, Darlington Transistor, TRIAC, and CR are significant types of Optocoupler. Transistors are the leading type of Optocoupler. Transistors held over 30% of total revenue generated by the global Optocoupler market in 2021. In comparison, TRIAC is another crucial segment of the Optocoupler industry and is expected to register the fastest CAGR over the analysis period.
Consumer Electronics & Automobile to Dominate the Demand
Consumer Electronics, Automobiles, Aviation, Healthcare, Medical, and Others are leading application markets for Optocoupler. Consumer electronics and automobiles collectively accounted for a large chunk of the global Optocoupler market. They held over 40% share in global Optocoupler market revenue in 2021. Microprocessors, DC & AC power control, PC communications, power supply regulations, etc., are some of Optocoupler's major application areas, mainly used in consumer electronics and the automobile industry. Hence the demand for Optocouplers is dominated by the aforementioned application. When used in consumer electronics and automobiles, Optocoupler offers various benefits such as outstanding electrical isolation between input & output signals, one-way signal transmission, extended stability, strong anti-interference ability, etc. While industrial automation, healthcare, and aviation segments are also expected to gain traction in future years. Especially industrial automation is expected to exhibit significant growth in the coming years.
The U.S. is a Single Leading Market
The U.S. is the largest single market for Optocoupler. The U.S. held over 20% of the global Optocoupler market in 2021. The rapid development of 5G technology, growing industrial automation, and a higher rate of adoption of newer technologies in the country resulted in the growing demand for Optocouplers. At the same time, Europe dominated the revenue generation with the largest share in the year. Germany, the UK, and France accounted for the largest share in 2021. China, on the other hand, is emerging as a leading manufacturer and consumer of Optocoupler. South Korea, Japan, and India are also likely to be significant growth markets for Optocoupler in the coming years. The demand for Optocouplers in Asia is mainly driven by the consumer electronics and automobile industry growth. Moreover, the successful launch of 5G in many countries in the years to come can fuel the demand for Optocoupler.
Huge Investment in R&D
Accelink Technologies Co., Ltd., Ascertia Limited, Broadcom, Infineon Technologies, Kyocera Corporation, ON Semiconductor, Renesas Electronics, STMicroelectronics, Taiwan Semiconductor, Texas Instruments, Toshiba, TT Electronics, and Vishay Intertechnology are some of the leading players in global Optocoupler market. All prominent players are intensely focused on R&D and have invested significantly.
Frequently Asked Questions:
Optocoupler market has experienced considerable decline in its revenue on the account of COVID 19 pandemic. In 2020, Optocoupler market was declined by 9.03%
North America is the largest regional market with highest share in the total volume of Optocoupler consumed in 2021
Strong demand from consumer electronics and growing Aviation automation around the world is driving the demand for Optocoupler
Transistor segment dominated the Optocoupler market in 2021 with over 35% share
Consumer Electronics segment was the largest application of Optocoupler in 2021 with over 25% share
North America (U.S., Canada and Mexico), Europe (Russia, Spain, Italy, Germany, France, UK, Poland, Belgium, Netherland, Sweden, Ukraine, Denmark, Austria, etc.), Asia Pacific (India, South Korea, China, Japan, Taiwan, Singapore, Vietnam, Thailand, Indonesia, Malaysia, Australia, etc.), Latin America (Peru, Chile, Colombia, Brazil, Argentina, etc.), Middle East (KSA, UAE, Israel, etc.) & Africa (Egypt, Nigeria, South Africa, East African Community, etc.)
