INTEGRATED CIRCUIT OPTICAL COUPLERS MARKET REPORT OVERVIEW
The global integrated circuit optical couplers market size was USD 18.47 billion in 2019 and the market is projected to touch USD 39.84 billion by 2032, exhibiting a CAGR of 7.9% during the forecast period.
To provide coupling with electrical isolation between systems or circuits by making use of light waves that are significantly designed to transfer electrical signals through a semiconductor device is known as an optical coupler. Electronic components that are crafted to convey electrical signals through light waves are known as integrated circuit optical couplers. These couplers are commonly known as opto-isolators or optocouplers. Opto-isolators are common components in which electrical isolation can be supplied between the output and input source. These are 6-pin devices that can have multiple number of photodetectors.
COVID-19 Impact: Market Growth Increased due to Increased Use of Telecommunication
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic had to face difficulties in both the production and the distribution of electronic components, potentially impacting the accessibility of the integrated circuit optical couplers market. The surge in remotely working people and consumers depending on digital communication during the pandemic potentially increased the use of telecommunication infrastructure and networking equipment.
LATEST TRENDS
Allowance of small digital signal usage to control larger AC voltage propelling the market growth
Assembling compact electronic components with integrated circuits on a chip plays a crucial role in processing and controlling digital signals. These microcontrollers and digital signal processing circuits can interpret minute digital inputs and generate control signals to manage higher AC voltage devices. The increasing demand for such mini-solutions is helping in the overall productivity. This also contributes to the overall safety standards enhancing market growth and stimulating a new era of modern technology.
INTEGRATED CIRCUIT OPTICAL COUPLERS MARKET SEGMENTATION
By Type
Based on type the market can be categorized into nonlinear photoelectric coupler and linear photoelectric coupler.
- Nonlinear photoelectric coupler: A nonlinear device is used to generate nonlinear modulation energy for regulating the working state of the variation unit to a nonlinear working state founded on the second path of an optical signal.
- Liner photoelectric coupler: In a linear photoelectric coupler the electric signal such as current or voltage is produced in response to the occurrence of light which is directly proportional to the intensity of that light.
By Application
Based on application the market can be categorized into telecommunications, military and aerospace, industrial motors, and automotives.
- Telecommunications: Fiber optic communication helps in converting electrical signals into optical signals. This signal transmission contributes to ensuring efficient data transmission in telecommunication over long distances.
- Military and Aerospace: Integrated circuit optical couplers in military and aerospace are used for sensors, communication systems, and control systems. As these optical couplers offer returns such as electrical isolation foster the robustness of electronic systems.
- Industrial Motors: Optocouplers in industrial motors are utilized for monitoring and controlling electric motors. They provide features such as position sensing, speed regulation, and efficient feedback systems.
- Automotives: Automotives with integrated circuits optical couplers are integrated into the systems for obstacle detection, sensor-based functions, and adaptive lighting that ensures the overall safety of automotive systems.
DRIVING FACTORS
The Increasing use of Data Over Streaming and Low-cost & High-Performance Components for Telecom is Driving the Market Growth
Modern telecommunications require substantial technological advancement to cope with the marvellous growth of data exchanged over networks, which is mainly driven by video streaming, mobile application, and cloud services. Optical technologies have already revolutionized the communication field, allowing for modern high-bandwidth transoceanic transmission through optical fibers. Silicon photonics has established itself as a platform for the optical transceivers and optical processors, aiming to provide low-cost and high-performance components for datacom and telecom applications.
The Compact Size and Superlight Weigh of the Device is Boosting Market Growth
The technology continues to evolve with the demand for circuit optical couplers. The increasing need for strong signal quality, compact size, and superlight devices is driving the market growth. The optical couplers hold a crucial role in redefining network architecture. They are integral in guiding the flow of light, basically controlling the supply of data within the system. Couplers use an optical chip to divide light between output fibers. They are known for their compact size and ability to split signals across multiple outputs. The demand for an increasingly connected world will boost the growth of the market.
RESTRAINING FACTOR
Low Operational Speed and Competition from Alternative Technologies Hindering Market Growth
The intense competition from alternative technologies such as newer solid-state relay technologies offer comparable isolation capabilities with potentially higher efficiency and lower power consumption. The speed of data transmission is characteristically lower than in other isolation methods, which can be a serious drawback in high-speed communication applications. The optical closures have a partial bandwidth, which may not be suitable for modern applications requiring high data rates. These factors are expected to hinder the market growth.
INTEGRATED CIRCUIT OPTICAL COUPLERS MARKET REGIONAL INSIGHTS
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.
North America to Dominate the Market Due to Increasing Demand for Semiconductor and Electronic Products
North America is poised to dominate the integrated circuit optical couplers market share. The region has a presence of major players, ongoing investments in research and development, and rising demand for cutting-edge electronic components is boosting the region’s growth. The growing automotive industry for improved safety and performance, enhancing features such as collision warning systems, and adaptive cruise is propelling the region’s growth.
INDUSTRY PLAYERS
Key industry players are essential in shaping street fitness equipment, driving various changes through a dual strategy of continuous innovations and global presence. By consistently presenting inventive solutions and staying in the lead of technological progress, these key players redefine the industry standards. Similarly, their extensive global lead empowers actual market penetration, addressing diverse needs across borders. The seamless blend of innovations and a strategic international footprint positions these players are not only market leaders but also as architects of transformative shifts within the dynamic domain of street fitness equipment.
List of Market Players Profiled
- ON Semiconductor (U.S.)
- Toshiba (Japan)
- Broadcom (California)
- Renesas Electronics (Japan)
- Sharp (Japan)
- Isocom (U.K.)
- Lite-On Technology (Taiwan)
- Standex-Meder Electronics (U.S.A.)
- IXYS Corporation (U.S.)
- Plus Opto (Lanchashire)
INDUSTRY DEVELOPMENT
October 2023- DustPhtonics, a leading developer of silicon photonics technology and solutions for hyper-scale data centers and AI applications launched the industry's first merchant 800G silicon photonics chip for hyperspace data centers and AI applications. The 800G PIC is a single-chip solution appropriate for DR8 and DR8+ applications, delivering 8 optical channels self-sufficiently modulated at 100Gb/s for an aggregate bandwidth of 800Gb/s.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis considers both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
-
Download FREE Sample Report