Photo Couplers Market Scope
Photo Couplers, also known as optoisolators or photocouplers, are devices incorporating a light-emitting diode (LED) and a photodetector in one package. It is used for various functions such as used to link data across two circuits, used within optical encoders, where the optocoupler provides a means of detecting visible edge transitions on an encoder wheel to detect position, etc., and can be used in many other circuits where optical links and transitions are needed.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Broadcom Inc. (United States), Texas Instruments Inc. (United States), Toshiba Corporation (Japan), Renesas Electronics Corporation (Japan), ON Semiconductor (United States), Isocom Limited (United Kingdom) and Silicon Laboratories, Inc. (United States) |
CAGR | 8.99% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Photo Couplers market throughout the predicted period.
Broadcom Inc. (United States), Texas Instruments Inc. (United States), Toshiba Corporation (Japan), Renesas Electronics Corporation (Japan), ON Semiconductor (United States), Isocom Limited (United Kingdom) and Silicon Laboratories, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Everlight Electronics Company Limited (Taiwan), Skyworks Solutions, Inc. (United States) and Sharp Corporation (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Photo Couplers market by Type , by Application (Automotive, Consumer Electronics, Communication, Industrial and Other End-user Industries (Medical, Military, and Aerospace)) and Region with country level break-up.
On the basis of geography, the market of Photo Couplers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2023, TTI, Inc. announced the company is now an authorized distributor of Cree LED, an SGH company. TTI recognizes the tremendous growth opportunities in the optoelectronics markets and is excited to have Cree LED, which offers one of the industry’s broadest portfolios of application-optimized LED components, help TTI fuel expansion into the lighting, eMobility and industrial markets.
In December 2023, Toshiba Electronics Europe GmbH has released a new photovoltaic output photocoupler with an enhanced open-circuit voltage. The new device is primarily intended for use within solid-state relay (SSR) applications in automotive. However, it can equally be used in industrial applications, such as renewable energy.
Influencing Trend:
Robust Increase in the Distribution Channels
Market Growth Drivers:
High Demand for Photocouplers from Automotive and Industrial Applications and Escalating Demand for Hybrid Electric Vehicles
Challenges:
Increasing Competition in the Market
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Government Initiatives Promoting the Local Semiconductor and Growing Demand from Emerging Regions
Key Target Audience
Photocouplers Developers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users