The size of the worldwide digital isolator market would increase throughout the forecast period at a CAGR of 4.7%. By 2032, the market would be worth US$ 3.3 billion.
According to Future Market Insights, the global market would be valued at US$ 2.1 billion by 2022. From 2022 through 2032, the market will generate US$ 3.2 billion in opportunities in absolute terms.
The need for remote sensing technologies will drive demand for digital isolators in the industrial sector. Sales would also be boosted by motor control technologies and compact USB connectivity.
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The use of USB connections in industrial industries is growing along with the development of automated technology. Several of these factors would affect how the market for digital isolators develops.
Human intervention in industrial tasks is reduced by automation. It improves operational effectiveness even further.
Digital and automated system control technology is being widely implemented as a result of industrial facility automation. They include personal computers, domain controllers, and programmable logic controllers (PLCs).
Increasing demand for factory automation across industrial facilities is one of the key factors driving the global market. Applications of digital isolators in devices are driving the need for digital isolators across the industrial sector.
PLCs, wireless sensor equipment, and gadgets for motor coordination are among a few examples. The use of computerized equipment control devices and programmed logic controllers would also increase demand for sophisticated isolators.
In the industry 4.0 space, demand for programmable logic controllers would rise quickly. They offer a variety of advantages. High-speed Ethernet, great convenience, compact design, and increased flexibility are a few of them.
Key Takeaways from the Digital Isolator Market Study
- The digital insulator market would create an absolute dollar opportunity of US$ 1.2 billion from 2022 to 2032.
- The global digital isolator market witnessed a steady growth rate at a CAGR of 5.2% from 2017 to 2021.
- North America digital insulator market stood at US$ 0.79 billion in 2021.
- The USA digital isolator market size would surpass US$ 1.0 billion in 2032.
- The United Kingdom digital isolator market would cross a value of US$ 153.2 million by 2032.
“Digital isolators improve a system’s stability and security by lowering signal interference between circuits. In electronic circuits, especially in industrial electronic devices, they use DC isolation.” – Says a lead analyst.
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Competitive Landscape
To create new goods, leading market participants in the digital isolator industry are conducting research and development. A few businesses that want to expand their presence are concentrating on mergers, acquisitions, and partnerships.
For instance,
- In February 2022, GL Microelectronics Technology raised around US$ 15.8 million from Shenzhen Capital Group and Cowin Capital. GL Microelectronics Technology is a newly founded company. It manufactures digital magnetic isolators based on integrated MEMS and CMOS technology.
- In August 2020, Silicon Laboratories, Inc. declared that Tesla is building its Gigafactory in Austin. It will be helpful for Silicon Labs to suffer less through the COVID-19 times. Tesla is already a customer of the semiconductor manufacturer. Silicon Laboratory is focusing on isolation technology. It would help 100V robots receive commands from a 2V processor. Tesla is the first customer of the new isolation integrated circuits. Currently, all the remaining manufacturers of electric vehicles are following the same path. The company generated a total revenue of around US$ 208 million.
Get More Exclusive Insights into Digital Isolator Market Study
Future Market Insights, in its new offering, presents an unbiased analysis of the digital isolator market, presenting historical market data (2017 to 2021) and forecast statistics for the period of 2022 to 2032.
The study reveals extensive growth in the digital isolator market in terms of data rate (less than 25 Mbps, 25 Mbps to 75 Mbps, more than 75 Mbps), channel (2 channel, 4 channel, 6 channel, 8 channel), vertical (industrial, automotive, healthcare), and region.
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Global Digital Isolator Market Outlook by Category
By Data Rate:
- Less than 25 Mbps
- 25 Mbps to 75 Mbps
- More than 75 Mbps
By Channel:
- 2 channel
- 4 channel
- 6 channel
- 8 channel
By Vertical:
- Industrial
- Healthcare
- Automotive
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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