Global Digital Isolator Market Dynamics
Market Research Future (MRFR) anticipates that the Digital Isolater Market 2020 can touch a valuation of 2.4 billion by 2023-end. MRFR also expects the global market to achieve a CAGR of 6% between 2017 and 2023 (forecast period).
The global digital isolator market is growing rapidly, mainly due to the rising electrical vehicle, green power, and industrial end-markets. Major industry players accentuate developing innovative technology and bringing new products to market, supporting the anticipated high-growth in electrical vehicles and other isolated power applications.
Moreover, international standard IEC60601-1, meant for safe medical equipment operations for patients and operators, accelerates the market growth. Given the continual growth of the market, it is estimated that the digital isolator would perceive phenomenal growth during the years to come, continuing with the same trends.
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Digital Isolator Market - Segments
The digital isolator market forecast is segmented into type, data rate, channel, application, and regions. The type segment is sub-segmented into capacitive coupling, giant magneto resistive (GMR), magnetic coupling, and others.
The data rate segment is sub-segmented into less than 25 Mbps, 25 Mbps to 75 Mbps, and above 75 Mbps. The channel segment is sub-segmented into two channels, four channels, six channels, and eight channels.
The application segment is sub-segmented into gate drivers, DC/DC converters, ADC, USB, and other communication ports. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Digital Isolator Market - Regional Analysis
North America dominates the global digital isolator market, witnessing augmenting demand among various verticals, including automotive, telecommunication, aerospace & defense, and others. Besides, the strong presence of prominent companies such as Broadcom Limited (US), Silicon Labs Inc. (US), and Texas Instruments Inc. (US) positively impact the growth of the digital isolator industry in the region.
The digital isolator market in the Asia Pacific region is growing briskly due to the changing market trends & emerging opportunities. Additionally, factors such as increasing demand and manufacturing of digital isolators that can offer improved performance at a much-reduced cost substantiate the size of the market. The APAC digital isolator market is expected to grow at a considerable CAGR, witnessing huge demand during the assessment period.
Competitive Analysis
Characterized by the presence of several well-settled players, the global digital isolator market appears to be highly competitive. These players incorporate strategic approaches such as mergers & acquisitions, collaboration, expansion, and technology/product launches to gain a bigger competitive advantage.
Major Players
Players leading the digital isolator market include Murata Manufacturing Company Ltd (Japan), Advantech Co Ltd (Taiwan), NXP Semiconductors NV (the Netherlands), Texas Instruments, Inc (US), Broadcom Ltd (US), ST Microelectronics NV (Switzerland), ON Semiconductor (US), Infineon Technologies AG (Germany), and Digi – Key Corporation, among others.
Industry/ Innovation/ Related News:
March 17, 2021 – Tower Semiconductor (Israel), the leader in high-value analog semiconductor foundry solutions, announced a newly developed, futuristic galvanic capacitor technology integrated with 0.18um power management and mixed-signal platforms, enabling up to 12kV isolated gate driver and digital isolator ICs. The new capacitor enhances safety and power efficiency for applications in the automotive, green power, and industrial markets, addressing an estimated US$1B market.
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