Pune, India, Feb. 27, 2023 (GLOBE NEWSWIRE) -- The global digital isolator market size was valued at USD 2.12 billion in 2021 and the market is projected to grow from USD 2.22 billion in 2022 to USD 3.88 billion by 2029, exhibiting a CAGR of 8.3% during the forecast period. Industrial automation across the manufacturing sector to drive the global market. Fortune Business Insights, present this information in its report titled, "Digital Isolator Market Forecast, 2023-2029."
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January 2022: Using iCoupler technologies, Analog Devices Inc. unveiled the ADUM4165, an isolated USB transceiver. Depending on the applications, it provides USB 2.0 connections with data speeds ranging from 1.5 to 480 Mbps. Both automated speed negotiation and peripheral isolation are supported by these devices.
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Rising Inductive Isolator Demand across the Consumer Electronics Industry Drives Market Growth
The market includes capacitive coupling, magnetic coupling, giant magnetoresistive, and others (inductive coupling) by technology. Capacitive coupling is expected to have the largest share in 2021 due to the rising adoption of these products across consumer electronics and industrial automation.
Rising Adoption of Silicon Dioxide-based Isolator for the Protection of Robotics Products Drives Market Growth
The market includes polyimide-based, silicon dioxide (Sio2)-based, and others by insulating material. Silicon dioxide (Sio2)-based is expected to have the largest share in 2021 due to its rising adoption across the robotics industry.
Rising Adoption and Consumer Spending on Connected Devices Aids the Market Growth
The market scope includes 25 Mbps, 25 – 75 Mbps, and above 75 Mbps based on data rate. The 25 – 75 Mbps segment is projected to hold the largest market share due to rising adoption across small-sized connected device applications.
Rising Dual Channel Isolation Products Production by the Leading Players Aids the Market Growth
The market scope includes channel 2, channel 4, channel 6, channel 8, and others (channel 3, channel 1) based on channel type. Channel 2 had the largest market share in 2021 owing to the leading players' rising development for dual-channel isolators.
Rising Electric Automotive Sale with Government Initiatives for Leading Players Aids the Market Growth
The market scope includes medical devices, automotive, IT and telecommunications, aerospace & defense, consumer electronics, energy & power, and others based on industry vertical. Automotive held the largest market share in 2021 owing to the rising sale of electric vehicles.
Geographically, the market is fragmented into five chief regions, Asia Pacific, North America, the Middle East & Africa, Europe, and South America.
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Asia Pacific to Lead Backed by the Presence of Key Companies
Due to the existence of isolator product manufacturers, it is predicted that Asia Pacific would hold the biggest digital isolator market share throughout the projection period.
During the projection period, North America is anticipated to expand at a moderate CAGR. This is due to increased investment in the telecommunications and data center industries as well as rising demand for noise-free gadgets.
Due to increased demand in France, Germany, the U.K., and Italy, Europe is anticipated to develop at a moderate CAGR. These nations in Europe are quickly embracing connected devices built on cutting-edge technologies.
Innovative Product Launch Announcement by Key Players to Bolster Market Growth
The prominent digital isolator players adopt several strategies to bolster their position in the market as leading companies. One such key strategy is acquiring companies to bolster the brand value among users. Another essential strategy is periodically launching innovative products with a detailed study of the market and its target audience.
List of Key Players Covered in the Report
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How big is the digital isolator market?
Digital isolator market size was USD 2.12 billion in 2021. It is projected to reach USD 3.88 billion by 2029
How fast is the digital isolator market growing?
The digital isolator market will exhibit a CAGR of 8.3% during the forecast period, 2022-2029
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