The Opto-Isolator Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Opto-Isolator Global Market Report 2024, The opto-isolator market size has grown rapidly in recent years. It will grow from $1.12 billion in 2023 to $1.24 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%.  The  growth in the historic period can be attributed to early telecommunication development, industrial automation growth, medical equipment safety, rise in power electronics, development of electronic instrumentation.

The opto-isolator market size is expected to see strong growth in the next few years. It will grow to $1.79 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.  The growth in the forecast period can be attributed to cybersecurity and data protection, smart grid and energy management, renewable energy systems, 5g network infrastructure, iot and smart devices. Major trends in the forecast period include opto-isolators in quantum computing, low power consumption devices, application-specific opto-isolators, miniaturization and integration, enhanced data rate transmission.

The rapid growth of LED lighting is expected to boost the growth of the optoisolator market going forward. LED lighting describes a semiconductor device that produces visible light when an electrical current flow through it. In opto-isolators, LEDs transform electrical input signals into corresponding light signals. For instance, in June 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, residential LED lighting sales hold a share of 50.5% in 2022, an increase of 46.3% in 2021. Further, the lighting efficacy of LED lighting increased from 107 lumens/watts in 2020 to 111 lumens/watts in 2021. Therefore, the rapid growth of LED lighting is driving the growth of the optoisolator market.

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The opto-isolator market covered in this report is segmented –

1) By Product: Non-Linear Opto-isolator, Linear Opto-Isolator

2) By Technology: High-Speed, High-Voltage, Integrated

3) By Application: Telecommunications, Cable TV, Military And Aerospace, Industrial Motors, Other Applications

4) By Sales Channel: Direct Sales, Distributors

Top Major Players:
Hirose Electric Co. Ltd.
LITE-ON Technology Inc.
TT Electronics
Everlight Electronics Co Ltd.
Thorlabs Inc

Asia-Pacific was the largest region in the opto-isolator market in 2023.

Product innovation is the key trend gaining popularity in the optoisolator market. Major companies operating in the optoisolator market are focusing on developing new products to sustain their position in the market. For instance, in May 2021, Toshiba, a Japan-based manufacturer of electronic devices, launched TLP3910, a photovoltaic-output photocoupler. It is a photovoltaic coupler in a slim SO6L package that may be used to drive the gates of high-voltage power MOSFETs used as isolated solid-state relays (SSR). The entrance of a high-voltage power MOSFET can be caused by just one new TLP3910 with a minimum open voltage of 14V. The TLP3910 is Toshiba's first photovoltaic coupler with a minimum isolation voltage of 5000Vrms while retaining the fundamental functionality of the company's existing TLP191B and TLP3906 products. It permits usage with industrial machinery powered by AC400V systems.

The opto-isolator market report table of contents includes:

1. Executive Summary
2. Opto-Isolator Market Characteristics
3. Opto-Isolator Market Trends And Strategies
4. Opto-Isolator Market - Macro Economic Scenario
5. Global Opto-Isolator Market Size and Growth
….
32. Global Opto-Isolator Market Competitive Benchmarking
33. Global Opto-Isolator Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Opto-Isolator Market
35.Opto-Isolator Market Future Outlook and Potential Analysis
36. Appendix

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