Digital Isolator Market Size, Share | Global Trends 2022, 2028

Digital Isolator Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Optical Coupling, Magnetic Coupling, Capacitive Coupling, and Giant Magnetoresistive) and Application (SMEs and Large Enterprises)

Publication Month : Dec 2022

  • Report Code : TIPTE100000512
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 150
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The digital isolator market size is expected to grow from US$ 2,537.53 million in 2022 to US$ 4,133.11 million by 2028; it is estimated to grow at a CAGR of 8.5% from 2022 to 2028.

Digital isolators are used to isolate the signal interference between circuits, subsequently improving a system's stability and safety. They are used in electronic circuits, especially in industrial electronic equipment, to protect systems from high-voltage hazards with the use of DC isolation. Thus, in the industrial sector, digital isolators mainly aid in component protection, signal level shifting, user safety, and safety regulation compliance. They also facilitate data transfer without any electrical connection or path that can create a safety hazard.

For the digital isolator market analysis in Europe, Germany, France, Italy, the UK, Russia, and the Rest of Europe are included. With digital transformation, the total consumption of leading-edge semiconductors in the European Union (EU) countries is expected to double in the coming years. The electronics and electrical engineering industries in Europe are large and are advancing rapidly. The growing adoption of electronics in various applications propels the demand for noise-free electronics and electrical devices, which favors the growth of the digital isolator market in Europe.

The automotive industry, one of the largest industries in Europe, represents ~7% of the region’s GDP. According to the European Automobile Manufacturers’ Association (ACEA), vehicle sales in Europe increased by 10% in 2021 compared to 2020. Moreover, BMW Group, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group are among the major automotive manufacturers in the region. Thus, the increasing production and sales of electric vehicles, and the presence of major manufacturers and suppliers with strong brand value and technological & financial capabilities are likely to boost the demand for digital isolators in Europe during the forecast period and thereby fueling the digital isolator market.

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Digital Isolator Market: Strategic Insights

digital-isolators-market
Market Size Value inUS$ 2,537.53 Million in 2022
Market Size Value byUS$ 4,133.11 Million by 2028
Growth rateCAGR of 8.5% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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– Digital Isolator Market

Impact of COVID-19 Pandemic on Europe Digital Isolator Market Growth

 

With the outbreak of different variants of SARS-CoV-2 in key countries such as the UK and Germany, the digital isolator market faced challenges in its revival. Europe is a hub for the healthcare, aviation, manufacturing, automotive, and energy & power sectors. Many businesses in the region faced financial challenges as their activities were substantially reduced due to a lack of workforce, government-imposed restrictions, and decreasing sales. The limited presence of digital isolator vendors across the region has been another major factor behind the regions’ dependence on imports from international companies for digital isolator products. This certainly hampered the market of Europe as the other international vendors were not able to provide their respective solutions to their customers due to supply chain challenges. However, during the pandemic recovery period, the market began growing at a healthy pace owing to the increasing demand for advanced electronic devices due to the resumption of facilities, operations, commercial places, and transportation.

Businesses in European countries have been taking initiatives to restructure their operations and make changes across their respective organizations to cope up with uncertainties associated with the pandemic. With this, the demand for automation technologies and digital equipment has been increasing across different industries, in turn, propelling the demand for digital isolators and therefore fueling the digital isolator market growth.

Lucrative Regions for Digital Isolator Market

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Market Insights – Digital Isolator Market 

Growing Demand from Industrial Sector Bolsters Digital Isolator Market Growth

Automation helps reduce human intervention across industrial operations, subsequently improving operational efficiencies. The automation of the industrial sector is leading to the higher deployment of digital and automated system control technologies such as PCs, DCs, and programmable logic controllers (PLCs) across industrial facilities. The rise in demand for industrial automation across manufacturing facilities is one of the major factors catalyzing the digital isolator market growth worldwide. The applications of digital isolators in devices such as such as remote sensing devices, programmable logic controllers (PLCs), and motor control devices is driving the demand for digital isolators across the industrial sector. Further, the increasing applications of automated machine/motor control devices and PLCs is also catalyzing the demand for digital isolator market. The demand for PLCs is rapidly growing in the industrial automation sector due to the advantages such as better flexibility and ease, scalability, greater memory capacity, compact size, high-speed Ethernet, and access to wireless systems. PLCs provide precision output to industrial devices that are used for automating processes. Digital isolators are increasingly used in remote sensing devices, PLCs, and motor control devices, among others that allows to minimize the ground level errors in the end devices.

The demand for remote sensing technologies along with motor control technologies and compact USB connections is also driving the demand for digital isolators across the industrial sector. The deployment of USB connections across the industrial sector is also increasing with a rise in the adoption of automated technologies. All these factors are contributing to the digital isolator market growth.

Application-Based Insights – Digital Isolator Market

Based on application, the digital isolator market analysis is conducted including SMEs and large enterprises. The SMEs segment accounted for a larger share of the market in 2021. The demand for industrial automation across small and medium-scale manufacturing companies from different industries, such as automotive, medical devices, consumer electronics, industrial, energy & power, and telecom, is mainly driving the adoption of semiconductor-based systems.

The digital isolator market is segmented on the basis of type, application, and geography. Based on type, the market is segmented into optical coupling, magnetic coupling, capacitive coupling, and giant magnetoresistive. Based on application, the market is categorized into SMEs and large enterprises. Based on geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2021, North America held the largest digital isolator market share in 2021.

APAC is expected to register the highest CAGR in the digital isolator market during the forecast period.

Analog Devices Inc; Broadcom Inc; Infineon Technologies AG; Skyworks Solutions Inc; Nexperia BV; Texas Instruments Inc; Vicor Corp; On Semiconductor Corp; NVE Corp; and Mornsun Guangzhou Science & Technology Co Ltd. are a few key digital isolator market players. 

The digital isolator market players focus on developing advanced and efficient systems. For instance:

  • In 2022, Mornsun Guangzhou Science & Technology Co Ltd announced that they had signed a distribution agreement with Avnet Abacus. The partnership will increase the company's reach and presence in the EMEA market.
  • In 2019, Broadcom Inc announced the launch of ACNT optocouplers with 15 mm creepage and 14.2 mm clearance for the high-voltage isolation applications. The optocouplers comprise the comprehensive product types, which help them meet different galvanic isolation requirements and features.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are the driving factors impacting the digital isolators market?

1. Growing demand from industrial sector
2. Focus of companies on development of innovative digital isolator products

Which countries are registering a high growth rate during the forecast period?

Canada, the UK, India, China, the UAE are expected to register high growth rate during the forecast period.

Which is the fastest growing regional market?

Asia Pacific is expected to register highest CAGR in the digital isolators market during the forecast period (2022-2028).

Which is the leading digital isolators application segment in the digital isolators market?

SMEs segment held the largest share in digital isolators market in 2021.

Which are the key players holding the major market share of digital isolators market?

Texas Instruments Inc, On Semiconductor Corp, Analog Devices Inc, Broadcom Inc, and Skyworks Solutions Inc are the key market players holding a major market share of digital isolators market in 2021.

What is the estimated global market size for the digital isolators market in 2022?

The estimated global market size for the digital isolators market in 2022 is expected to be around US$ 2537.53 million.

The List of Companies - Digital Isolator Market

  1. Analog Devices Inc.
  2. Broadcom Inc.
  3. Infineon Technologies AG
  4. Skyworks Solutions Inc
  5. Nexperia BV
  6. Texas Instruments Inc
  7. Vicor Corp
  8. On Semiconductor Corp
  9. NVE Corp
  10. Mornsun Guangzhou Science & Technology Co Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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