
Published On: Jan 2023
Published On: Jan 2023
At 9.8% CAGR, the Asia Pacific Digital Isolators Market is projected to be worth US$ 1,393.75 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific digital isolators market was valued at US$ 793.96 million in 2022 and is expected to reach US$ 1,393.75 million by 2028, registering a CAGR of 9.8% 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 Asia Pacific digital isolators market expansion.
The demand for electronic devices is expected to grow with the ongoing proliferation of the telecom sector In this industry, digital isolators are used in isolated communication technologies, VoIP gateways, and service ports. Digital isolators are also increasingly deployed in the communication sector due to the rising demand for end-point devices. Per the Integrated Services Digital Network (ISDN), British Telecom, among several other telecom operators, replaced the existing technology ISDN systems with VoIP and SIP systems. The demand from enterprises for switching from ISDN to VoIP networks and other substitutes for their operations is expected to catalyze the adoption of VoIP gateways and boost the deployment of digital isolators across the telecom industry in the coming years. Further, the growing demand for digital isolators for integration into service ports of different electronic devices is another major factor catalyzing the Asia Pacific digital isolators market growth. For example, the integration of digital isolators for service ports applications is also driven by the growing adoption of VoIP gateway devices. This is expected to catalyze the deployment of digital isolators across the VoIP gateways during the forecast period.
On the contrary, variations in performance of digital isolators based on quality of materials hurdles the growth of Asia Pacific digital isolators market.
Key players dominating the Asia Pacific digital isolators market are Analog Devices Inc, Broadcom Inc, Infineon Technologies AG, Mornsun Guangzhou Science & Technology Co Ltd, Nexperia BV, On Semiconductor Corp, Skyworks Solutions Inc, Texas Instruments Inc, and Vicor Corp, among others.
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