LONDON--(BUSINESS WIRE)--Technavio market research analysts forecast the global optocoupler market to grow at a CAGR of more than 8% during the forecast period, according to their latest report.
The market study covers the present scenario and growth prospects of the global optocoupler market for 2017-2021. The report also lists telecommunications, cable TV, and military as the three major segments application segments, of which the telecommunications segment dominated the market with more than 74% of the market share.
According to Sunil Kumar Singh, a lead analyst at Technavio for embedded systems research, “The telecommunications segment dominated the global optocoupler market owing to the requirement of fiber optic aerial cables outside plants and fiber optic links in underground cable installations worldwide.”
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Technavio hardware and semiconductor analysts highlight the following three market drivers that are contributing to the growth of the global optocoupler market:
- Need for increased network bandwidth
- Increase in global Internet traffic
- Growing demand for high-definition end-to-end video transmission
Need for increased network bandwidth
The growth in Internet bandwidth is fueled by two factors, which are the proliferation of mobile computing devices such as tablets, smartphones, and wearables with new capabilities and the emergence of disruptive technologies that shift the bandwidth use by altering how users access the network. With the emergence of new mobile telecommunication standards such as 4G and 5G, consumers are now opting for higher bandwidth applications and services.
The emergence of next-generation connected devices, along with the rise in the use of cloud services, has compelled telecommunication service providers to offer this increased bandwidth with little incremental revenue.
“Therefore, network providers are deploying optical components, including optocouplers and optical fibers, which deliver greater bandwidth capacity than the existing infrastructure,” says Sunil.
Increase in global Internet traffic
The global IP traffic will grow at a CAGR of 26% during the forecast period. Mobile data traffic is expected to grow at a rate of 75% till 2019. Video data traffic will contribute 70% of the overall data traffic by 2020. The emergence of new wireless technologies such as ZigBee and Z-wave has further added to the Internet traffic by enabling easy connectivity to a wide range of devices. Thus, to support a high volume of data, network operators are upgrading their networks and deploying optical technologies such as optocouplers.
Growing demand for high-definition end-to-end video transmission
There is an enduring demand for satellite end-to-end video transmission. SES has a reach of 312 million TV households covering 1.1 billion population of the world. The broadcast facility and satellite operators are looking to provide high-quality video transmission from HD to UHD. As the demand for a high-quality end-to-end video transmission increases, it also requires several transponders with higher bandwidth and throughput. With the increasing demand for transponders, the need for optocouplers also increases, thereby leading to the growth of the market.
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