Optocouplers Market size is expected to reach USD 9.4 Billion by the end of 2036, growing at a CAGR of 10% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of optocouplers was over USD 3 Billion. The growth of the market is due to the expanding use of signal isolation solutions across several end-user sectors and the growing automation of industrial processes. Businesses that have automated at least one process do so in roughly 66% of cases. While 50% of firms expect to automate all repetitive processes, the remaining 80% are planning to accelerate process automation.
In addition, optocoupler demand is expected to be positively impacted by the increasing use of optical wireless distribution antenna systems (DAS) and the migration of network operators from cellular networks to DAS. Additionally, the demand for optocouplers is expected to grow due to growing investments in the communication industry by important industrialists. For example, a variety of manufactured optocouplers, including high speed and low current isolation amplifier optocouplers, are used in the communication industry.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~ 10% |
Base Year Market Size (2023) |
~ USD 3 Billion |
Forecast Year Market Size (2036) |
~ USD 9.4 Billion |
Regional Scope |
|
Product Type (Transistor Output Optocouplers, IC Output Optocouplers, Motor Drive Optocouplers, Phototransistor-Based Optocoupler, Photo Darlington Transistor, TRIAC, SCR)
Based on product type, IC output optocouplers market is estimated to hold largest share of about 30% during the forecast period. The market is expanding as a result of both the expanding global demand for energy-efficient gadgets and the expanding consumer electronics industry. Based on a study between 2024 and 2029, there will be a continual rise in the number of smartphone users worldwide, reaching 1.5 billion. The number of smartphone users is predicted to reach 6.4 billion after rising for fifteen years in a row, marking a new peak in 2029. The need for optocouplers has been fueled by the rise of the consumer electronics industry and the increase in the use of electronics devices. In addition, these are finding employment in the semiconductor industry as phototransistor and light-dependent resistors, as well as the automobile sector where they are employed for galvanic isolation.
Type (Linear, Non-Linear)
Based on type, the linear segment is predicted to account for 55% share of the optocouplers market during the forecast period. The properties of linear optocouplers are linear response and analog signal transfer. They are frequently employed in applications that call for accurate signal conditioning, linear voltage isolation, and exact signal transfer. A photoresistor or a photodiode is frequently used in linear optocouplers as the light-detecting element, resulting in a linear relationship between the input and output signals. Various factors, including industry demand, application requirements, and technical improvements, may affect the market share of the segment.
Our in-depth analysis of the global market includes the following segments:
Type |
|
Product Type |
|
End-User Industry |
|
APAC Market Forecast
Optocouplers market in Asia Pacific region is projected to hold largest market share of about 33% during the forecast period. Optocouplers growth in the Asia-Pacific region was supported by significant investments in the semiconductor industry as well as the growing need for effective optoelectronic components in the industrial sector. East Asia is a major contributor to the automotive industry and innovative energy-efficient goods. Because of its solid grasp on the semiconductor industry, China is one of the main influencing forces in the region. Additionally, the region makes a substantial contribution to both the global industry for smart energy-efficient products and the automobile industry. China's passenger automobile sector produced over 23.8 million vehicles in 2022.
North American Market Statistics
Optocouplers market in North America region is projected to hold second largest market share of about 27% during the forecast period. Optocouplers appear to have a bright future in the United States, with promising prospects in the automotive, telecommunication, industrial, and consumer electronics sectors. The expansion of factory automation systems and equipment, along with rising internet traffic worldwide, are the main drivers of optocoupler sales in the USA. Additionally, it is projected that optocoupler sales will increase due to its distinct qualities and growing importance in multi-channel and bi-directional applications. To take advantage of this position and prevent any delays in supplier lead times and production turnaround times, manufacturers in the United States should strengthen their production units and supply networks.
Author Credits: Abhishek Verma, Hetal Singh
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?