Growing Demand from Telecommunications Sector is Fueling the Middle East & Africa Digital Isolators Market
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), 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 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, thereby driving the Middle East & Africa digital isolators market.
Market Overview
The Middle East & Africa digital isolators market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The region has over 2 million vehicles, leading to the growth of the automotive industry. Growing initiatives for introducing advanced electric vehicles are likely to drive the demand for digital isolators in the coming years. In May 2022, Volkswagen introduced its first electric SUV in Qatar. Saudi Arabia aims for at least 30% of its cars to be electric powered by 2030. In May 2022, Lucid, an EV manufacturer, announced a long-term plan of building the first international manufacturing plant in Saudi Arabia, targeting the production of 150,000 vehicles per year to cater to the rising demand. The growing medical sector in Saudi Arabia is augmenting the demand for digital isolators. The country accounts for ~60% of the healthcare expenditure of the Gulf Cooperation Council (GCC) countries. By 2030, the Saudi Arabian government is planning to invest ~US$ 65 billion in developing the country’s healthcare infrastructure. Thus, the expanding automotive sector and rising investments in healthcare infrastructure are projected to fuel the Middle East & Africa digital isolators market.
Middle East & Africa Digital Isolators Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Digital Isolators Market Segmentation
The Middle East & Africa digital isolators market is segmented into type, application, and country.
Based on type, the Middle East & Africa 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 Middle East & Africa digital isolators market has been bifurcated into SMEs and large enterprises. The SMEs held a larger market share in 2022.
Based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the market share in 2022.
Analog Devices Inc, Broadcom Inc, Infineon Technologies AG, Nexperia BV, Texas Instruments Inc are the leading companies operating in the digital isolators market in the region.