Report : North America Digital Isolators Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Optical Coupling, Magnetic Coupling, Capacitive Coupling, and Giant Magnetoresistive) and Application (SMEs and Large Enterprises)
At 7.8% CAGR, the North America Digital Isolators Market is projected to be worth US$ 1,513.51 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America digital isolators market was valued at US$ 965.78 million in 2022 and is expected to reach US$ 1,513.51 million by 2028, registering a CAGR of 7.8% from 2022 to 2028. Growing demand from industrial sector and focus of companies on development of innovative digital isolator products are the critical factors attributed to the North America digital isolators market expansion.
Vendors in the digital isolators market are collaboratively working with customers to provide reliable solutions to them by understanding specific demands. This helps them stay competitive in the market. The market is highly consolidated with the presence of a large number of players, and the top 5 players (including Broadcom, Texas Instruments, On Semiconductor Corporation, Infineon Technologies, and Skyworks) collectively account for a larger share than other companies in the market. A few of the market (apart from the top 5) vendors are implementing acquisition strategies to expand their respective market share. A few more product innovations by different vendors in the North America digital isolators market are mentioned below.
• In July 2021, Analog Devices Inc announced the launch of its new iCoupler digital isolator product— ADN4624. It is a quad-channel 2.5 Gb digital isolator that allows the integration of new system architectures in the digital health and instrumentation sector. The product is the first in its series that offers a total bandwidth of 10 Gbps.
• In April 2021, STMicroelectronics announced that it has begun the volume production of the STISO621 dual-channel digital isolator that allows data transfer between two isolated domains with a speed of up to 100 Mbps.
• In March 2020, Texas Instruments launched ISO7741E-Q1, the industry’s first digital isolator that is qualified for Grade 0 ambient operating temperature specification of the Automotive Electronics Council (AEC)-Q100 standard.
• In July 2019, Renesas Electronics Corporation introduced two radiation-tolerant, plastic-packaged digital isolators that provide the highest isolation protection (2,500 VRMS) from high-voltage spikes in the stages of power supply and serial communication interfaces used in LEO small satellites.
On the contrary, variations in performance of digital isolators based on quality of materials hurdles the growth of North America digital isolators market.
Based on type, the North America digital isolators market has been segmented into optical coupling, magnetic coupling, capacitive coupling, and giant magnetoresistive. The capacitive coupling held 38.3% share of North America digital isolators market in 2022, amassing US$ 370.18 million. It is projected to garner US$ 599.74 million by 2028 to expand at 8.4% CAGR during 2022–2028.
Based on of application, the North America digital isolators market has been bifurcated into SMEs and large enterprises. With 70.7% share of the domain, SMEs segment dominated the North America digital isolators market in 2022. It accrued US$ 682.39 million in 2022 and is estimated to generate US$ 1,106.61 million by 2028 to grow at a CAGR of 8.4% over the forecast period.
Based on country, the North America digital isolators market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 69.7% North America digital isolators market share in 2022. It was assessed at US$ 672.93 million in 2022 and is likely to hit US$ 1,041.90 million by 2028, exhibiting a CAGR of 7.6% during the forecast period.
Key players dominating the North America digital isolators market are Analog Devices Inc, Broadcom Inc, Infineon Technologies AG, Nexperia BV, NVE Corp, On Semiconductor Corp, Skyworks Solutions Inc, Texas Instruments Inc, and Vicor Corp, among others.
- In 2021, Analog Devices Inc announced the launch of a new ADN4624, a new series of iCoupler digital isolators. It is a quad-channel 2.5 Gigabit digital isolator which allows data to transfer seamlessly in the electrical domain.
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