The global Digital Isolator market Size was worth around USD 1829.50 million in 2021 and is estimated to grow to about USD 2871.077918 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.80 percent over the forecast period | Industry Share By Data Rate, Channel, Isolation, Application, Vertical, And Region.
Digital Isolator Market
The global Digital Isolator market Size was worth around USD 1829.50 million in 2021 and is estimated to grow to about USD 2871.077918 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.80 percent over the forecast period. The report analyzes the Digital Isolator market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Digital Isolator market.
In the Global Digital Isolator Market Report, Increased usage of digital isolators as gate openers, increased use of digital isolators in industrial motor-drive applications, and the ability of digital technology to assist healthcare organizations and agencies in keeping track of COVID-19 spread are the key factors driving the growth of digital isolators. The expansion of the digital isolator market is predicted to be fueled by the electrification of autos, an increase in the number of safety regulations for industrial automation, greater use of isolators in harsh environment applications, and the high operational efficiency of digital isolators. Acquisitions, expansions, and new product launches are projected to provide industry participants with significant growth opportunities in the coming years.
Rapid technological advancement and increasing digitization around the world are expected to be major factors driving growth in the global digital isolator market. Furthermore, one of the other factors expected to drive growth in the global digital isolator market is the increasing use of semiconductors in photo-sensitive devices for the detection of the emitted infrared beam and LED that produces infrared light. Furthermore, rising adoption is expected to drive revenue growth in the target market due to its ability to detect high-frequency digital signals even at higher altitudes.
The COVID-19 outbreak has had a significant impact on the Global Digital Isolator Market. The overall slowdown in economic activity has resulted in a sharp drop in demand for digital isolators. The demand for consumer goods has also decreased as a result of the pandemic, which has hampered the growth of the digital isolator market. Furthermore, the lockdown and other protocols have resulted in a decrease in digital isolator production as well as the supply chain. During the pandemic, however, the demand for digital isolators for medical instruments has increased. And now that the economies and industrial activities have returned to normal, it is expected that demand for digital isolators will rise in the market over the forecast period.
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Driver: Demand for noise-free electronic and electrical circuits has increased dramatically.
Ground loops are a typical source of unwanted noise in electrical and electric circuits, and they can cause them to fail. When two connected terminals of a circuit have differing ground potentials, a ground loop is generated. Current flow in the interconnection as a result of this potential difference, resulting in offset errors. Ground loops are interrupted by digital isolators, which ensure that all circuits have the same ground potential. They interrupt the galvanic path between different ground potentials while allowing analog signals to pass through loops.
Restraint: Digital isolators' inability to pass low-frequency signals without modulators
High-frequency signals are typically transmitted via digital isolators. Modulators are required when low-frequency signals must be sent. The use of digital isolators in many applications is limited as a result of this. Low-frequency data cannot get through the isolation layer of capacitive/magnetic digital isolators, hence modulators are used with them when the frequency range is between 0 and 100 Kbps. This could raise the cost of components used in digital isolators, stifling the market's growth.
The worldwide automotive sector is undergoing enormous transformations in order to reduce its environmental effect. The electrification of vehicle powertrains, which ranges from the installation of start/stop switches to the introduction of fully battery-powered electric vehicles, is commonly seen as a means of moving the global automotive industry toward real sustainability. Electric vehicles are the backbone of the low-pollution automobile industry, and they may dramatically reduce vehicle carbon dioxide emissions. Governments from all around the world are taking steps and developing rules to speed up the adoption of electric vehicles.
Challenge: Digital isolators are more expensive than optocouplers.
In terms of propagation delays, data speeds, and noise reduction, digital isolators outperform analogue isolators. Digital isolators, on the other hand, are more expensive than optocouplers. As a result, optocouplers are frequently employed as low-cost isolation solutions for slow digital signal transmission.
The global Digital Isolator market is segregated based on Data Rate, Channel, isolation type, application, and vertical.
By Data Rate, the market is classified into Up to 25 Mbps, 25 – 75 Mbps, and Above 75 Mbps. This category had a significant share in 2021 and is expected to maintain its dominance throughout the forecast period. The digital isolator market is estimated to be the largest in the over 75 Mbps segment. The increased popularity of giant magnetoresistive (GMR) isolation type in digital isolators, which allows for high data rate with enhanced accuracy, can be contributed to the rise of this segment. The rise of this market can be attributed to the rising adoption of giant magnetoresistive (GMR) isolation type in digital isolators, which allows for large data rates with improved accuracy. With data speeds of more than 75 Mbps, digital isolators significantly reduce propagation delays, resulting in smooth, sensitive, and precise data signals at the output end.
By Channel, the market is divided into 2 Channel, 4 Channel, 6 Channel, 8 Channel, and Others. This category had a significant share in 2021 and is expected to maintain its dominance throughout the forecast period. During the forecast period, the 8-channel segment of the market is estimated to grow at the quickest CAGR in terms of value. These isolators can handle a signaling rate of 150 Mbps with high precision. 8-channel digital isolators are also commonly employed in industrial automation and automotive applications, propelling the 8-channel market forward.
|Report Attributes||Report Details|
|Report Name||Digital Isolator Market Research Report|
|Market Size in 2021||USD 1829.50 Million|
|Market Forecast in 2028||USD 2871.077918 Million|
|Compound Annual Growth Rate||CAGR of 7.80%|
|Number of Pages||124|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||Texas Instruments, Silicon Labs, Analog Devices, Broadcom, and Infineon Technologies.|
|Segments Covered||By Data Rate, By Channel, By Isolation Type, By Application, By Vertical, And By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2016 to 2020|
|Forecast Year||2022 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Due to the significant adoption of electric vehicles in this region, North America is the largest market for digital isolators. The digital isolator market is dominated by consumer electronics, car electrification, and industrial automation. The market in this region is growing due to high disposable income and aggressive government funding.
The Asia-Pacific region is the world's fastest-growing market for digital isolators. The increasing demand for isolate c gate drivers caused by the expansion of electric and hybrid electric vehicles is fueling the growth of the digital isolator market in this area.
Some of the main competitors dominating the global Digital Isolator market include
Rapid technological advancement and increasing digitisation around the world are expected to be major factors driving growth in the global digital isolator market. Furthermore, one of the other factors expected to drive growth in the global digital isolator market is the increasing use of semiconductors in photo-sensitive devices for the detection of the emitted infrared beam and LED that produces infrared light.
According to the Market Research report, the global market was worth around USD 1829.50 million in 2021 and is estimated to grow to about USD 2871.077918 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.80 percent over the forecast period.
Due to the significant adoption of electric vehicles in this region, North America is the largest market for digital isolators. The digital isolator market is dominated by consumer electronics, car electrification, and industrial automation.
Some of the main competitors dominating the global Digital Isolator market include - Texas Instruments, Silicon Labs, Analog Devices, Broadcom, and Infineon Technologies.
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