Optocouplers Market - Automotive sector is emerging growth

Posted by RASHMI on April 3rd, 2019

The global optocouplers market has been covered under the scope of this report. The advancement in the automobiles and industrial applications has propelled the growth of companies which produce optocouplers. Optocouplers are capable of isolating different voltage levels thus safeguarding components from voltage spikes in the same circuit. These components are highly used in automobiles, industrial applications, communication sector and printer & imaging devices among others.

The primary purpose of the optocouplers is to isolate or step down from high voltage current to low voltage current. New technologies for isolation are giving rise to high speed, high operating temperature and low input current optocouplers. 

Global optocouplers market is primarily driven by factors such as growth of industrial and automotive sector in emerging markets. Industrial automation communication and automotive sectors are witnessing high demand for optocouplers in developing countries such as China, India, and others. The market in these regions are mainly driven by huge investment for faster communication systems and demand for high end automotives The increase in automation in the manufacturing sector is driving the growth of the market as the optocouplers forms an integral part of the automation process.

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Optocouplers are required to isolate electrical current in various components and transfer data while isolating noise. Moreover, increasing demand for hybrid vehicles (HEVs) globally is driving the market for optocouplers. Considering all these positive impacts, demand for optocouplers is set to rise during the forecast period, i.e., 2015 to 2021.