Photocoupler is an electric component that facilitate transmission of electrical signal using light between two isolated circuits is called as optocoupler. It is also known as optical isolator or opto-isolator. Most common form of optocoupler is primarily consisted of LED & Phototransistor. Near Infrared LED is an integral part of optocoupler which convert electrical signal into light. While, photosensor is another important component which detect the input light and generate electrical energy. History of optocouplers dates back to five decades. It was developed and commercialized in 1970s.
Global Optocoupler market is expected to witness 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 expected to generate revenue worth USD 4,614.75 million in 2028. 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 since last five decades
Optocoupler comes in four configurations
Optocoupler facilitates complete electrical isolation between input and output signal
S. is single largest market for Optocouplers
China leads the production of Optocouplers
Rapid Advancement of Communication Technology
Rapidly changing technological landscape of communication industry coupled with emergence of 5G technology is fueling the demand for optocouplers. Optocouplers are 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, increasing use of augmented reality, artificial intelligence and virtual reality the demand for optocoupler is likely to be high over the span forecast period.
Transistors Held the Considerable Share
Transistor, Darlington Transistor, TRIAC and CR are major types of Optocoupler. Transistors are leading type of Optocoupler. Transistors held over 30% share in total revenue generated by the global Optocoupler market in 2021. While, TRIAC is another important segment of Optocoupler industry and expected to register the fastest CAGR over the analysis period.
Consumer Electronics & Automobile to Dominate the Demand
Consumer Electronics, Automobiles, Aviation, Healthcare and Medical and Others are leading application markets for Optocoupler. Consumer electronics and automobile collectively accounted for large chunk of global Optocoupler market. They held over 40% share together in global Optocoupler market revenue in 2021. Microprocessors, DC & AC power control, PC communications, power supply regulations, etc. are some of the major application aeras of Optocoupler, which are mainly used in consumer electronics and automobile industry. Hence the demand for Optocoupler is dominated by aforementioned application. When used in consumer electronics and automobile, Optocoupler offers various benefits such as outstanding electrical isolation between input & output signals, one way transmission of signal, extended stability, strong anti-interference ability, etc. While, industrial automation, healthcare and aviation segments are also expected to gain traction in the years to come. Especially, industrial automation is expected to exhibit significant growth in the years to come.
U.S. is Single Leading Market
U.S. is largest single market for Optocoupler. U.S. alone held over 20% share in global Optocoupler market in 2021. Rapid development of 5G technology, growing industrial automation and higher rate of adoption to newer technologies in the country resulted into growing demand for Optocoupler. While, Europe dominated the revenue generation with largest share in the year. Germany, UK and France accounted for the largest share in 2021. China on the other hand is emerging as a leading manufacturer as well as consumer of Optocoupler. South Korea, Japan and India are also likely to be major growth market for Optocoupler in the years to come. The demand for Optocoupler in Asia Pacific is mainly driven by the growth of consumer electronica and automobile industry. Moreover, 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 strongly focused on R&D and have incurred significant investment in it.
Frequently asked questions about global Optocoupler industry
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.)
