Report : South & Central 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 3.0% CAGR, the South & Central America Digital Isolators Market is speculated to be worth US$ 63.23 Million by 2028, says Business Market Insights
According to Business Market Insights’ research, the South & Central America digital isolators market was valued at US$ 53.04 million in 2022 and is expected to reach US$ 63.23 million by 2028, registering a CAGR of 3.0% 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 South & Central America digital isolators market expansion.
The assembly of electric vehicles involves many electronic components, including digital isolators that are used in battery management systems, isolated fieldbus, inverters, and chargers. The rising fleet of electric vehicles is expected to generate new market opportunities for vendors in the digital isolators market during the forecast period. The deliveries of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) are rapidly increasing at a double-digit Y-o-Y growth rate in different countries. Such a rise in electric vehicle manufacturing indicates high demand for battery management systems, inverters, and chargers. A surge in the production of these systems is projected to boost the adoption of digital isolators across the electric vehicle industry, thereby driving the Central America digital isolators market.
On the contrary, variations in performance of digital isolators based on quality of materials hurdles the growth of South & Central America digital isolators market.
Based on type, the South & Central America digital isolators market has been segmented into optical coupling, magnetic coupling, capacitive coupling, and giant magnetoresistive. The capacitive coupling held 34.5% market share in 2022, amassing US$ 18.30 million. It is projected to garner US$ 22.40 million by 2028 to expand at 3.4% CAGR during 2022–2028.
Based on of application, the South & Central America digital isolators market has been bifurcated into SMEs and large enterprises. With 70.3% share of the domain, SMEs segment dominated the market in 2022. It accrued US$ 37.31 million in 2022 and is estimated to generate US$ 45.77 million by 2028 to grow at a CAGR of 3.5% over the forecast period.
Based on country, the South & Central America digital isolators market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 69.5% market share in 2022. It was assessed at US$ 36.86 million in 2022 and is likely to hit US$ 44.97 million by 2028, exhibiting a CAGR of 3.4% during the forecast period.
Key players dominating the South & Central America digital isolators market are Analog Devices Inc, Broadcom Inc, Infineon Technologies AG, Nexperia BV, Texas Instruments Inc, 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.
- In 2019, Analog Devices Inc announced the launch ADuM4122, a simple power solution which maximizes efficiency and minimizes electromagnetic emissions. It is a simple dual-drive strength output driver which efficiently toggles between the two slew rates and is controlled by a digital signal.
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