Market Research Future (MRFR) anticipates that the digital isolater market 2020 can touch a valuation of 2.4 billion by 2023-end. MRFR also expects the global market to achieve a CAGR of 6% between 2017 and 2023 (forecast period).
Top Players
Top players identified and profiled in the MRFR report are ON Semiconductor (U.S.), Digi – Key Corporation, Advantech Co Ltd (Taiwan), Texas Instruments, Inc (U.S.), ST Microelectronics N.V. (Switzerland), Murata Manufacturing Company Ltd (Japan), NXP Semiconductors N.V. (the Netherlands), Infineon Technologies AG (Germany), Broadcom Ltd (U.S.), to name a few.
Market Boosters and Top Barriers
Digital isolators have a range of applications in ADCs, gate drivers, CAN isolation, USB & other communication ports, and AC/DC converters. They find extensive deployment across several industries that include healthcare, industrial, telecommunications and automotive. However, the deployment of digital isolators in the industrial sector can be the highest in the coming years, owing to the significant need for low-cost and efficient solutions for data transfer and equipment safety.
High demand for noise-free electronics along with the rising use of renewable sources of energy is bound to favor the digital isolator market during the evaluation period. Also, the continuous replacement of optocouplers with digital isolators and the soaring demand to reduce the use of electronic devices in most of the workplaces to comply with strict industry standards can let vendors capture lucrative opportunities in the worldwide market.
Read more@ https://www.marketresearchfuture.com/reports/digital-isolator-market-4988
Over the coming years, the digital isolator market is expected to be positively impacted by the activities carried out by the leading companies. These companies will be adopting effective strategies that include product launches, for their brand promotion and also gain broader recognition. Other major marketing hacks include partnerships, collaborations and mergers that can boost their production capacity and seize a bigger portion of the global market. Besides these, the leading companies are also acquiring small and medium scale enterprises to have a competitive edge in the market.
