New York, 06 Dec. 2022 (GLOBE NEWSWIRE) — The Insight Partners has released the latest research study “Digital Isolator Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type (Optical Coupling, Magnetic Coupling, Capacitive Coupling and Giant Magnetoresistive) and Application (SME and Large Enterprises)”, Global Digital Isolator Market Growth is Driven by the increase in electric vehicle fleets, the increasing focus of companies on the development of innovative digital isolator products and the growing demand from the telecommunications sector.
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Global Digital Isolators Market- Report Scope:
|Rate of growth||CAGR of 8.5% from 2022 to 2028|
|Market size Value in||$2.53 billion in 2022|
|Market Size Value by||$4.13 billion by 2028|
|Year of reference||2022|
|Number of pages||150|
|Number of Tables||56|
|Number of graphs and figures||74|
|Historical data available||Yes|
|Segments Covered||type and application|
|Regional scope||North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America|
|Country scope||United States, Canada, Mexico, United Kingdom, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, United Arab Emirates, Saudi Arabia, South Africa, Brazil, Argentina|
|Report cover||Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends|
Global Digital Isolator Market Analysis: Competitive Landscape and Key Developments
Analog Devices Inc; Broadcom Inc; Infineon Technologies AG; Skyworks Solutions Inc; Nexperia B.V.; Texas Instruments Inc; Victoria Corp; On Semiconductor Corp; NVE Corp; and Mornsun Guangzhou Science & Technology Co Ltd. are some of the major digital isolator market players profiled in this market study. Several other vital Digital Isolators market players have also been researched and analyzed to get a holistic view of the market size and its ecosystem.
In 2022, Vicor Corp announced the opening of a new power module manufacturing plant in the United States. It is the world’s first chip fab that enables cost-effective, scalable, and automated manufacturing of power modules.
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In 2021, Analog Devices Inc announced the launch of a new ADN4624, a new series of iCoupler digital isolators. It is a four-channel 2.5 Gigabit digital isolator that provides transparent data transfer in the electrical domain.
Global Digital Isolator Market Research: Regional Overview
North America accounted for the largest market share of digital isolators in 2021. The deployment of technologies enabling automation in industries – such as programmable logic controllers (PLCs), integrated circuits (ICs) and control systems Automated control – and other electronic hardware devices is high in the region due to the presence of a large number of manufacturing industries. The dominance of this region in the global digital isolator market is also attributed to the presence of a large number of functional digital isolator manufacturers in the region; these include Analog Devices, Inc.; Broadcom, Skyworks; Texas Instruments Incorporated; Vicor Corporation; onsemi; NVE Corporation; Vishay Intertechnology; Renesas Electronics Corporation; and Monolithic Power Systems Inc.
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Impact of COVID-19 Pandemic on Global Digital Isolator Market Growth:
Countries like China, South Korea and Japan are moving towards advanced network solutions such as 5G, 4G and VoLTE. China is the most important manufacturing hub in APAC. Lockdowns implemented in several APAC countries have hampered the growth of the manufacturing sector during the COVID-19 pandemic. Irrespective of this, there was a continuous demand for advanced electronics such as industrial automation devices, medical devices, programmable logic controllers, solar inverters, power supplies (UPS) and telecommunications terminal devices in the region. At the end of 2020, countries in the region eased social restrictions. As a result, electronics and semiconductor manufacturers have gradually managed to achieve full operability in 2021. In October 2021, Taiwan Semiconductor Manufacturing Company Limited (TSMC) announced a plan to build a new factory in Japan in response to the increased demand for semiconductor-based components. during the pandemic. However, NXP Semiconductors, STMicroelectronics and other players in the digital isolator market had to cease operations at their manufacturing facilities in Malaysia for around 14 days due to the rising number of COVID-19 cases across the country. in the third quarter of 2021. In addition, sales of electronic devices such as UPSs and remote work devices such as VoIP gateways have increased amid rapidly changing ways of doing business as they embrace the work-from-home model; this has also contributed to boosting the growth of the digital isolator market in Asia-Pacific.
Global Digital Isolator Market Research: Type Overview
Based on type, the digital isolator market is segmented into optical coupling, magnetic coupling, capacitive coupling and giant magnetoresistive. The capacitive coupling segment held the largest digital isolator market share in 2021, and the giant magnetoresistive segment is expected to register the highest CAGR between 2022 and 2028. In capacitive coupling, a capacitor is used to transfer alternating electrical signals or energy from one segment of a circuit to another. It is used in communication devices to block interference with a signal or to prevent the formation of a voltage or power imbalance. Market players manufacturing capacitively coupled digital isolators include Analog Devices Inc, Skyworks Solutions Inc, and Texas Instruments Inc. A few of the capacitively coupled digital isolators provided by these companies are ADN4620, AND4621, ADUM4165, ADUM4166, and others.
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The demand for digital isolators is increasing due to their growing applications in various industries. The need to replace traditional optocouplers with digital isolators is further fueling the growth of the digital isolator market. Strict automotive battery safety requirements and growing demand for noise-free electronic devices are further driving the growth of the digital isolator market. Advanced digital isolators are also widely used in medical devices to protect patients and operators from electrically induced trauma, which is significantly driving the growth of the digital isolator market. Additionally, the growing fleet of electric vehicles creates a growth opportunity for companies in the digital isolator market.
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