ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research announces the publication of a report titled “Optocouplers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2021”, which states that the market will expand at an 8.2% CAGR from 2015 to 2021. The valuation of the global optocouplers market was US$1.87 billion in 2014, and by 2021, the market is poised to be worth US$3.22 billion.
The growth of the global optocouplers market is directly linked to the development of the communication, automobile, and industrial sectors. An optocoupler, also known as opto-isolator, is a semiconductor device that helps prevent high electrical voltage from damaging a system with low-voltage input requirements.
By product type, the global optocoupler market is segmented into: High speed optocoupler, isolation amplifier, 4-pin optocoupler, 6-pin optocoupler, IGBT gate driver, and others. Isolation amplifier optocoupler was the dominant segment in the global optocouplers market with a share of 53.1% in 2014.
Similarly, by application, the optocoupler market is segmented into signage, automotive, printer and imaging devices, commercial, communication, industrial, and others. The industrial segment contributed the highest share of revenue (37.95%) to the global optocoupler market in 2014. The automotive and industrial segment continues to develop powerfully in India and China, supporting the growth of the global optocoupler market.
The report also segments the global optocouplers market based on geography as: Europe, North America, Asia Pacific and Rest of the World (Africa, South America, and the Middle East). In 2014, the largest share in the global optocouplers market was held by Europe at 35.1%. Asia Pacific came a close second with 31.5% of the global market. The report profiles companies such as Avago Technologies, Vishay Intertechnology, Fairchild Semiconductor, and Renesas Electronics.
Browse Optocouplers Market Blog: http://www.tmrblog.com/2015/07/global-optocouplers-market.html
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.