World Digital Isolator Market to Grow at 6.03% CAGR through 2023, Expects M&M in Its New Report Recently Added at MarketPublishers.com
27 Oct 2017 • by Natalie Aster
LONDON – By 2017-end, the value of the worldwide digital isolator market is projected to climb to USD 1.46 billion. Furthermore, this market is forecast to experience modest growth at a healthy 6.03% CAGR from 2017 to 2023 to touch USD 2.07 billion in value terms.
Some of the prominent market growth propellers include escalating demand for noise-free electronics, rising usage of renewable energy sources, expanding adoption of digital isolators as an alternative to optocouplers.
However, digital isolators are able to transmit only signals with data rates above 100 Kbps and require an attached modulator to transmit signals with lower than the abovementioned data rates; this is hampering the digital isolator market growth.
Basing on applications, the digital isolators market is led by gate drivers. This segmented is predicted to see steady growth at high rates through 2023, spurred by increasing usage in engines of EVs and large-scale electrification of autos in developed countries (Germany, the US, Japan and the Nordic countries).
Asia-Pacific grasps the biggest chunk of the world’s digital isolator market, and this regional market is poised to increase at the swiftest pace through 2023. This is attributed primarily to the presence of a great number of established electrical device and equipment manufacturers in the region, steadily elevating demand for isolated gate drivers, and also global production shifting to the APAC region given low direct costs.
New report “Digital Isolator Market by Isolation Type, Data Rate, Channel, Application, Vertical, and Geography - Global Forecast to 2023” worked out by MarketsandMarkets (M&M) offers a comprehensive guide to the world’s market for digital isolators. This study covers the market segmentation and shares, examines the market dynamics and the key growth driving and restraining factors, points out and discusses the key growth challenges and opportunities, as well as points out the prevailing market development trends. This report not only touches upon the historical development patterns of the digital isolator market, but also describes the current scenario and outlines future growth prospects and barriers. Besides, this report explores the competitive landscape, presents an insightful overview of the main regional markets, gives valuable data on the leading companies active in the market and also provides access to an all-round future outlook for the global digital isolator market up till 2023.
Visit M&M online page at MarketPublishers.com to find many other research reports by this publisher.