According to the new research report on the "Digital Isolator Market by Isolation Type (Capacitive Coupling, Magnetic Coupling, Giant Magnetoresistive), Data Rate, Channel, Application, Vertical, and Geography - Global Forecast to 2023", the market is expected to reach USD 2.07 Billion by 2023 from USD 1.38 Billion in 2016, at a CAGR of 6.0% between 2017 and 2023.
The major factors driving the growth of the digital isolator market include the rising demand for noise-free electronics and the increasing usage of renewable energy sources.
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Capacitive coupling isolation type to hold the largest size of the digital isolator market by 2023
Capacitive coupling isolation type held the largest share of the digital isolator market in 2016. Isolators based on capacitor coupling isolation type are available at comparatively lower prices, which is one of the key reasons for capacitive coupling’s high market share. Also, a key advantage of using capacitive coupling isolation type is that it is immune to electromagnetic field, which allows it to work efficiently in locations with high magnetic forces. However, it is susceptible to electric fields.
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Digital isolator market for gate drivers to grow at the highest rate between 2017 and 2023
Among all applications, the digital isolator market for gate drivers is likely to grow at the highest rate during the forecast period. Gate drivers are widely used in the industrial and automotive sectors. The proliferation of industrial automation, along with the large-scale electrification of vehicles in the automotive sector, is contributing to the growth of the digital isolator market for gate drivers.
Asia Pacific to hold the largest share of the digital isolator market by 2023
Asia Pacific is expected to hold the largest share of the digital isolator market by 2023 owing to the presence of a large number of major electrical device and equipment manufacturers in this region. In addition, several electrical component manufacturers are shifting from North America and Europe to Asia Pacific to capitalize on the low direct costs incurred in China and South East Asia.
The report profiles the key players in the digital isolator market.
The competitive landscape of the market presents an interesting picture of the strategies adopted by these players to grow in the market. Some of the key players in this market are Texas Instruments, Analog Devices, Infineon Technologies, Silicon Labs, Broadcom Limited, ROHM Semiconductor, Maxim Integrated, NXP Semiconductors, NVE, Vicor, Murata Manufacturing, National Instruments, IXYS Corporation, Halo Electronics, Advantech.
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