The global optocoupler for high speed communication market size is set to gain momentum from its increasing usage in circuit applications for boosting protection against electromagnetic interface emission, noise immunity, safety isolation, and ground loop control. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Optocoupler for High Speed Communication Market, 2023-2030.” The report further states that nowadays several renowned firms are investing huge sums in research & development activities to introduce novel products. In March 2020, for instance, Vishay Intertechnology unveiled VOMA618A, its latest phototransistor optocoupler for high speed communication. It will save energy in high reliability and automotive applications.
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Based on type, the market for optocoupler for high speed communication is divided into 20 Kbps – 100 kbps, 100 kbps to 1 Mbps, 1 Mbps to 10 Mbps, and 10 Mbps to 50 Mbps. By application, it is segregated into consumer electronics, industrial, medical, communication, automotive, and others.
Drivers & Restraints-
High Demand for Embedded Computational Platforms to Boost Growth
The affordability of high-performance circuits, namely, embedded computational platforms has increased rapidly because of the ongoing technological advancement in numerous digital platforms. Coupled with this, the rising demand for high-speed data communication would accelerate the optocoupler for high speed communication market growth in the upcoming years. However, the availability of other circuits and substitute products may hamper the demand for optocoupler for high speed communication.
Increasing Demand for Industrial Machinery to Favor Growth in Asia Pacific
Geographically, Asia Pacific is expected to remain at the forefront by generating the largest optocoupler for high speed communication market share in the near future. The expansion of electronic manufacturing hubs in China, Taiwan, and Japan would bolster growth. Additionally, the high demand for industrial machinery, electronic gadgets, and digital devices would propel growth in the region.
Europe, on the other hand, is anticipated to showcase considerable growth backed by the increasing adoption of 5G infrastructure and smart technology. Besides, the rising smart city projects would bolster the demand for optocoupler for high speed communication. In the Middle East & Africa and South America, the high demand for electronics devices and digital platforms on account of the surging number of internet users is expected to aid growth.
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A list of the prominent optocoupler for high speed communication providers operating in the global market:
- On Semiconductor (U.S.)
- Toshiba (Japan)
- Panasonic (Japan)
- Renesas Electronics (Japan)
- AvagoTechnologies (U.S.)
- Analog Devices (U.S.)
- Texas Instruments (U.S.)
- Isocom Limited (U.K.)
- Other key market players
Key Players Focus on Enhancing Their Existing Products to Remain Ahead in Competition
The global market for optocoupler for high speed communication is very competitive. This is attributable to the presence of multiple small and large companies operating in various countries across the globe. Though the market appears to be moderately concentrated, it is gradually moving towards fragmentation. Most of the key players are focusing on acquisitions and innovations to compete with their rivals and broaden their businesses. Below is one of the latest industry developments:
- August 2019: Toshiba Electronic Devices & Storage Corporation introduced its new photocoupler products called TLP5754H (LF4), TLP5752H (LF4), and TLP5751H (LF4). These have a SO6L (LF4) package that would drive gates of MOSFETs and IGBTs.
- July 2018: Toshiba unveiled TLX9309, its latest analog output IC photocoupler. It would help in high-speed communications, especially in automotive applications, such as hybrid electric vehicles and electric vehicles.
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