Report : Europe 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 8.8% CAGR, the Europe Digital Isolators Market is speculated to be worth US$ 998.65 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe digital isolators market was valued at US$ 602.05 million in 2022 and is expected to reach US$ 998.65 million by 2028, registering a CAGR of 8.8% 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 Europe digital isolators market expansion.
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 Europe digital isolators market growth.
On the contrary, variations in performance of digital isolators based on quality of materials hurdles the growth of Europe digital isolators market.
- Based on type, the Europe digital isolators market has been segmented into optical coupling, magnetic coupling, capacitive coupling, and giant magnetoresistive. The capacitive coupling held 38.9% share of Europe digital isolators market in 2022, amassing US$ 234.44 million. It is projected to garner US$ 406.52 million by 2028 to expand at 9.6% CAGR during 2022–2028.
- Based on application, the Europe digital isolators market has been bifurcated into SMEs and large enterprises. With 73.1% share of Europe digital isolators market, SMEs segment dominated the market in 2022. It accrued US$ 126.62 million in 2022 and is estimated to generate US$ 213.15 million by 2028 to grow at a CAGR of 9.1% over the forecast period.
- Based on country, the Europe digital isolators market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 28.3% share of Europe digital isolators market in 2022. It was assessed at US$ 170.45 million in 2022 and is likely to hit US$ 278.62 million by 2028, exhibiting a CAGR of 8.5% during the forecast period.
Key players dominating the Europe digital isolators market are Analog Devices Inc, Broadcom Inc, Infineon Technologies AG, Nexperia BV, 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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