Automation helps reduce human intervention across industrial operations, subsequently improving operational efficiencies. The automation of the industrial sector is leading to the higher deployment of digital and automated system control technologies such as PCs, DCs, and programmable logic controllers (PLCs) across industrial facilities. The rise in demand for industrial automation across manufacturing facilities is one of the major factors catalyzing the growth of digital isolators market. The applications of digital isolators in devices such as such as remote sensing devices, programmable logic controllers (PLCs), and motor control devices is driving the demand for digital isolators across the industrial sector. Further, the increasing applications of automated machine/motor control devices and PLCs is also catalyzing the demand for digital isolators market. The demand for PLCs is rapidly growing in the industrial automation sector due to the advantages such as better flexibility and ease, scalability, greater memory capacity, compact size, high-speed Ethernet, and access to wireless systems. PLCs provide precision output to industrial devices that are used for automating processes. Digital isolators are increasingly used in remote sensing devices, PLCs, and motor control devices, among others that allows to minimize the ground level errors in the end devices. The demand for remote sensing technologies along with motor control technologies and compact USB connections is also driving the demand for digital isolators across the industrial sector. The deployment of USB connections across the industrial sector is also increasing with a rise in the adoption of automated technologies. All these factors are contributing to the North America digital isolators market growth.
North America Digital Isolators Market Overview
Automotive manufacturers across North America are engaged aggressively to boost electric vehicles’ sales. As automotive designs are increasingly moving toward electrification, high-wattage power electronics are becoming critical components in the drivetrain and battery systems of vehicles. The high-wattage power electronics need to be communicated with and controlled by digital controllers requiring digital isolation. Isolators have numerous uses in battery management system in the electrical domains of EVs. They are largely used in modules such as onboard chargers (OBCs), Battery Management System (BMS), DC-DC converters, traction inverters, and heating/cooling units. Moreover, increasing advancements in medical imaging devices propel the demand for digital isolators. These devices transfer large volumes of video imaging data from image sensor to image processor while maintaining high levels of electrical isolation. Thus, digital isolators are widely used in medical imaging across North America. Therefore, the rising electrification of vehicles, increasing advancements in medical imaging, and growing safety standards in industrial automation are among the key factors driving the growth of the North America digital isolators market.
North America Digital Isolators
Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the North America Digital Isolators provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Digital Isolators refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.North America Digital Isolators Strategic Insights
North America Digital Isolators Report Scope
Report Attribute
Details
Market size in 2022
US$ 965.78 Million
Market Size by 2028
US$ 1,513.51 Million
Global CAGR (2022 - 2028)
7.8%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Type
By Application
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Digital Isolators Regional Insights
North America Digital Isolators Market Segmentation
The North America digital isolators market is segmented into type, application, and country.
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 segment registered the largest market share in 2022.
Based on of application, the North America digital isolators market has been bifurcated into SMEs and large enterprises. The SMEs held a larger market share in 2022.
Based on country, the North America digital isolators market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.
Analog Devices Inc, Broadcom Inc, Infineon Technologies AG, Nexperia BV, NVE Corp, On Semiconductor Corp, Skyworks Solutions Inc, Texas Instruments Inc, and Vicor Corp are the leading companies operating in the North America digital isolators market.
The North America Digital Isolators Market is valued at US$ 965.78 Million in 2022, it is projected to reach US$ 1,513.51 Million by 2028.
As per our report North America Digital Isolators Market, the market size is valued at US$ 965.78 Million in 2022, projecting it to reach US$ 1,513.51 Million by 2028. This translates to a CAGR of approximately 7.8% during the forecast period.
The North America Digital Isolators Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Digital Isolators Market report:
The North America Digital Isolators Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Digital Isolators Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Digital Isolators Market value chain can benefit from the information contained in a comprehensive market report.