Global Digital Isolator Market: Snapshot
The global digital isolator market is prophesied to win traction over the optocouplers market owing to advantages such as improved accuracy and performance and increasing preference in the industrial sector. Digital isolator offers better power efficiency, more reliability, and less expensiveness. For industrial applications, it could prove to be a vital means of receiving efficient and low-cost solutions for equipment safety and data transfer compared to optocouplers.
New isolators with wide packages and top-quality mold compound could be highly demanded in industries that deal with rough weather conditions. Furthermore, the rising application of renewable energy sources is giving way for wind, hydel, and solar energy industries, which could in turn benefit the global digital isolator market.
The global digital isolator market is predicted to earn a valuation of US$1,598.0 mn by 2024 end at a CAGR of 6.2% expected to be recorded during the forecast period 2017-2022. In 2017, the market earned a valuation of US$1,183.8 mn.
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Giant Magnetoresistive Attains Significant Share and Absolute Annual Growth
The world digital isolator market is prognosticated to be classified into capacitive coupling, magnetic coupling, and giant magnetoresistive, according to type of isolation. Amongst these, giant magnetoresistive could bag a staggering share of 38.1% in the market by the completion of 2024. During the course of the forecast timeframe, the giant magnetoresistive segment is anticipated to expand at a US$35.5 mn, and this absolute annual growth could be greater than that of capacitive coupling and magnetic coupling.
In terms of data rate, the world digital isolator market is envisaged to see a segmentation into less than 25 mbps, 25 mbps to 75 mbps, and more than 75 mbps. By channel, there could be segments such as 2 channel, 4 channel, 6 channel, 8 channel, and others. On the basis of vertical, the market is projected to be cataloged into industrial, healthcare, automotive, telecommunication, aerospace and defense, energy and power, and other verticals
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APEJ Dominates Strong Regions with More Attractiveness and Higher Share
Geographically, the international digital isolator market is forecast to include attractive regions such as Asia Pacific Excluding Japan (APEJ), which could dominate with an absolute revenue opportunity of US$125.8 mn during the tenure of the forecast timeframe. North America and Europe are foreseen to encourage players with some powerful business prospects birthed via their success in the market. North America could rise at a CAGR of 6.8% while Europe is envisioned to reach a valuation of US$360.2 mn by the end of 2024.
Japan and the Middle East and Africa (MEA) could be among the lethargically growing regions of the international digital isolator market. Between 2017 and 2024, Japan is foretold to produce an absolute revenue prospect of only US$18.9 mn. The MEA accounted for a mere 2.4% of the total revenue share in 2017 and could lose 5 basis points (BPS) in its market share by 2024 over 2017.
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Some of the crucial players looking to cement a stronger position in the worldwide digital isolator market could be National Instruments, Murata Manufacturing, NXP Semiconductors, Maxim Integrated, ROHM Semiconductor, Broadcom Limited, Silicon Labs, Infineon Technologies, Analog Devices, and Texas Instruments.
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