The digital isolator market is heading toward maturity, driven by the fast-evolving trend of replacing conventional optocouplers with digital isolators. These devices find extensive applications in industrial applications, which is expected to increase their demand across international markets. In recent times, efforts to promote the use of renewable energy products have also been gaining momentum. This has impacted the formulation of progressive policies aimed at sustainable development, including stringent norms pertaining to battery usage.
Over the forecast period, all these factors are poised to create favorable outcomes in the global digital isolator market. Moreover, the widespread popularity of noise-free devices and rising ownership of electronics is projected to augment the demand for digital isolators. Such a lucrative business outlook is set to impact product innovation, cross-collaboration, and M&A in the digital isolator market, especially as leading vendors strive to gain a competitive edge in the market.
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Use of Digital Isolators in Advanced Electric Cars Positively Influences Market Growth
In line with global commitments to reduce dependence on fossil fuels, the automotive industry is rapidly accelerating its drive toward electric vehicles. During the forecast period, the manufacturing and production of plug-in hybrid electric cars, battery electric cars, and full hybrid electric cars are slated to increase. These modern cars require higher power, which is propelling designers to seek novel solutions to better communicate digital data between high-voltage and low-voltage battery systems. With digital isolators, automotive designers can save on current consumption and PCB space, building more advanced and simplified designs for electric cars. As a result, as the production of electric cars increases, the demand for digital isolators will continue to surge, opening promising revenue-generating opportunities in the digital isolator market.
Promising Adoption of 4IR Technologies Soars Demand for Digital Isolators
The Fourth Industrial Revolution (4IR) is creating headways in industrial automation, automated machine safety, and overall factory output. With the implementation of automated machine safety solutions, manufacturers can draw several benefits pertaining to employee, equipment, and facility safety. However, to build sophisticated machine safety systems, companies need efficient tools to integrate low-current data acquisition systems and networked communication systems with high-voltage, high-current machines. In this context, machines embedded with digital isolators are enabling manufacturers to actively respond to the challenges of connecting various network and data systems. During the forecast period, the soaring demand for digital isolators in various industrial applications, coupled with the swift adoption of 4IR technologies in industrial facilities, is predicted to channel promising growth in the digital isolator market.
Asia Pacific to Reign Supreme Across Global Digital Isolator Market
Asia Pacific is expected to emerge as the most significant digital isolator market owing to the presence of major electrical equipment and device manufacturers. This region is also witnessing strong adoption of 4IR technologies, which is driving the demand for digital isolators. Moreover, Asia Pacific’s electric vehicle industry is flourishing, increasing the need to incorporate advanced digital isolators. In the coming years, promising zero-emission policies in India, South Korea, and Japan, along with China’s growing EV industry, will channel novel growth across the market here.
Major Market Players
Leading players in the digital isolator market include Rohm Semiconductor, Skyworks Solutions, Inc., Monolithic Power Systems Inc., Infineon Technologies, Renesas Electronics Corporation, Texas Instruments, NVE Corporation, Onsemi, Mornsun, Analog Devices, Murata Manufacturing, and Broadcom Inc.
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