Transparency Market Research announces the release of a new research report titled “Optocouplers Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021”. The report is available for sale on the company website. According to the publication, the global optocouplers market is anticipated to grow from a value of US$1.8 Bn in 2014 to US$3.2 Bn by 2021. If these values hold true, then analysts indicate that the optocouplers market will expand at a healthy CAGR of 8.20% from 2015 to 2021.
The report identifies and analyzes the various factors that impact the growth of the optocouplers market. According to the study, the optocouplers market is driven by rising demand for hybrid electric vehicles and industry automation, advanced isolation technologies, and economic growth in developing countries. While replacement of relays with optocouplers and the strengthening purchasing power of consumers are anticipated to boost the demand for optocouplers in the near future, intrinsic wear-out, low data rate, and increased power consumption are likely to challenge the growth of the optocouplers market.
By product type, the optocouplers market is divided into 6 pin optocoupler, 4 pin optocoupler, IGBT gate driver, high-speed optocoupler, isolation amplifier, and others. Making up for 53.10% of the total market, the isolation amplifiers’ segment dominates the optocouplers market.On the basis of application, the optocouplers market is categorized into printer and imaging devices, communication, industrial, automotive, signage, commercial, and others. Among these, the industrial sector held 37.95% of the overall optocouplers market in 2014, making it the leading application segment in terms of value.
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Geographically, the global optocouplers market is segmented into North America, Asia Pacific, Europe, and Rest of the World. In 2014, Europe accounted for 35.1% of the global market, making it the largest regional segment in terms of revenue. This optocouplers market is driven by rising demand from the automotive and industrial sector, rising demand for automation in the manufacturing sector, increased demand for hybrid electric vehicles, and growing applications in the communication sector. Asia Pacific held almost 31.50% of the global optocouplers market in 2014, making the second-largest regional segment. This market is also fueled by growth of the automotive, communication, and industrial sector.