The Global Optocoupler Market is Expected to Reach an Estimated $10 Billion by 2030
The Global Optocoupler Market is Expected to Reach an Estimated $10 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global optocoupler market looks promising with opportunities in the industrial, consumer electronics, telecommunication, and automotive markets. The global optocoupler market is expected to reach an estimated $10 billion by 2030 from $6 billion in 2023 at a CAGR of 8.5% from 2023 to 2030. The major drivers for this market are increasing demand for consumer electronics such as smartphones, tablets, and home appliances, rise in industrial automation and smart manufacturing technologies, and growth of renewable energy sources, such as solar and wind power.
In this market, high performance optocouplers, phototransistor optocouplers, phototriac optocouplers are the major segments of optocoupler market by product type.
Lucintel forecasts that high performance optocoupler will remain the largest segment over the forecast period due to the increasing demand in the industrial communication busses, automotive battery chargers, military equipment, and medical instruments.
Within this market, industrial is expected to witness the higher growth due to increasing demand for optocouplers in industrial robots, motor control, power supplies, and industrial networking.
APAC will remain the largest region over the forecast period due to high demand in industrial application and automotive sector in region.
Toshiba Corporation, Broadcom Limited, Renesas Electronics Corporation, ON Semiconductor, and Vishay Intertechnology are the major suppliers in the optocoupler market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056