- June 26, 2015
- Transparency Market Research
According to a new market report published by Transparency Market Research, Optocouplers Market was valued at USD 1.87 billion in 2014 and is expected to reach USD 3.22 billion by 2021, growing at a CAGR of 8.2% from 2015 to 2021.
According to a new market report published by Transparency Market Research “Optocouplers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” optocouplers market was valued at USD 1.87 billion in 2014 and is expected to reach USD 3.22 billion by 2021, growing at a CAGR of 8.2% from 2015 to 2021.
Browse the full Optocouplers Market report at http://www.transparencymarketresearch.com/optocouplers-market.html
The advancement in the automotive, industrial and communication sector has impelled the growth of optocouplers market. The key purpose of optocouplers is to isolate low voltage components from high voltage spikes in the same circuit. High speed and high temperature optocouplers face a strong demand from the automobile, communication and industrial sectors. Communication sector have incorporated a wide range of engineered optocouplers such as low current, high speed and isolation amplifier optocouplers. New isolation technologies are giving rise to hermetic, extreme operation temperature and lead free optocouplers which are largely being used in the military, navy and aerospace sector. These factors are considered to positively drive the growth of optocouplers market during the forecast period, i.e., from 2015 to 2021.
The global optocouplers market, by application is divided into seven application segments: automotive, printer & imaging device, signage, communication, commercial, industrial and others. In terms of value, industrial was the highest contributing segment among applications, accounting for 37.95% of the market share in 2014. The global optocouplers market, by product types can be bifurcated into six segments: 4 pin optocouplers, 6 pin optocouplers, high speed optocouplers, IGBT gate drivers, isolation amplifier and others. Isolation amplifier optocoupler occupy a large share of market than others globally accounting for 53.1% of the overall market. The industrial and automotive sector is in the developing stage in countries such as India and China and this is one of the key drivers of the optocouplers market.
The global optocouplers market has been broadly segmented into four regions namely North America, Europe, Asia Pacific and RoW (Rest of the World). In terms of revenue, Europe contributed the largest share of the market in 2014, accounting for 35.1% of the overall market. Requirement of optocouplers in the automotive sector and industrial application are the key revenue growth drivers for Europe optocouplers market. Europe is closely followed by Asia Pacific which accounts for 31.5% in the global market. Growth of the communication, automotive and industrial sector drives the APAC optocouplers market.
Browse the full Optocouplers Market Press Release report at http://www.transparencymarketresearch.com/pressrelease/optocouplers-market.htm
Some of the leading players in the market are: Avago Technologies (United States), Fairchild Semiconductor (United States), Vishay Intertechnology (United States), and Renesas Electronics (Japan) among others. The report studies the global optocouplers market and provides estimates in terms of revenue (USD Billion) for the forecast period from 2015 to 2021. The competitive analysis of various market segments based on types of optocouplers, application sectors and in-depth cross sectional scrutiny of the market across different geographic segments is included under the scope of the report
The market has been segmented as follows:
Global Optocouplers market, by Product Types:
4 Pin Optocoupler
6 Pin Optocoupler
High Speed Optocoupler
IGBT Gate Driver
Global Optocouplers market, by Application:
Printer and Imaging Devices
Global Optocouplers market, by geography:
Rest of the World (South America, Middle East, Africa)
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Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
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