(MENAFNEditorial) Zion Market Research has published a new report titled 'Digital Isolator Market by Isolation (Capacitive Coupling, GMR, and Magnetic Coupling), by Channel (2 channel, 4 channel, 6 channel, and 8 channel), by Data Rate (Less than 25 Mbps, 25 Mbps to 75 Mbps, and More than 75 Mbps), and by Vertical (Industrial, Healthcare, Automotive, Telecommunications, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 2024. According to the report, global digital isolator market was valued at approximately USD 1.35 billion in 2017 and is expected to generate around USD 2.19 billion in revenue by the end of 2024, growing at a CAGR of around 6.24% between 2018 and 2024.
The rapid technological advancement coupled with digitization is expected to propel this market's growth. The growth and development of this market are majorly driven by the capability of digital isolators to detect high-frequency digital signals even at higher altitudes. The ongoing trend of minimization of electronic devices in compliance with the industry standards coupled with providing the customer satisfaction will drive the growth of the global digital isolator market. In the modern day, industries prefer implementing electronic devices and systems that are compact, flexible, and are easy to fit. Thus, features or attributes along with the compact size of digital isolator will positively impact the overall market during the forecast period. These factors are expected to drive the digital isolator market growth in the forecast period.
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The digital isolator market is segmented based on isolation, which is further divided into the capacitive coupling, GMR, and magnetic coupling. Capacitive coupling segment held a major revenue share in 2017. This growth is due to the fact that capacitive coupling offers high data transfer rates and high transient immunity.
Based on channel type, the digital isolator market has been segmented into 2 channel, 4 channel, 6 channel, and 8 channel. The 8 channel segment is expected to dominate the market. The growth of this market is due to the fact that 8 channel systems allow better capturing of digital signals. This makes it convenient for the digital isolators to capture high-frequency digital signals.
Based on the data rate, the digital isolator market has been segmented as less than 25 Mbps, 25 Mbps to 75 Mbps, and more than 75 Mbps. The more than 75 Mbps segment is expected to dominate the market, as more than 75mbps speed provides better channel integration, higher isolation, and better channel precision timing.
Based on vertical, the digital isolator market has been segmented into industrial, healthcare, automotive, telecommunications, and others. The industrial segment is expected to dominate the market, as temperature sensors are widely used in consumer durable goods and products.
The Asia Pacific region is anticipated to grow at the highest rate of growth in global digital isolator market during the forecast period. The region is probably to continue with its regional domination during the forecast period. The market growth in this region can be attributed to the increased demand for noise-free electronics during the manufacturing of varied electronics and smart devices. Furthermore, this region is a manufacturing hub. The escalating growth of the semiconductor industry is also fueling this market's growth. North America is projected to hold a substantial revenue share of the global digital isolators market. The region is considered to be sufficiently diverse and developed. The increasing demand for isolated gate drivers coupled with generation and manufacturing of electric and hybrid electric vehicles is anticipated to drive the market in this region. These factors are expected to boost the growth and development of the global digital isolator market across the world.
Some key players operating in digital isolator market include Maxim Integrated, Murata Manufacturing National Instruments, NXP Semiconductors, ROHM Semiconductor, Infineon Technologies, Broadcom Limited, Silicon Labs, Analog Devices, and Texas Instruments.
This report segments the global digital isolator market as follows:
Global Digital Isolator Market: Isolation Segment Analysis
- Capacitive Coupling
- GMR
- Magnetic Coupling
Global Digital Isolator Market: Channel Segment Analysis
- 2 channel
- 4 channel
- 6 channel
- 8 channel
Global Digital isolator Market: Data rate Segment Analysis
- Less than 25 Mbps
- 25 Mbps to 75 Mbps
- More than 75 Mbps
Global Digital Isolator Market: Vertical Segment Analysis
- Industrial
- Healthcare
- Automotive
- Telecommunications
- Others
Global Digital isolator Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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