Digital Isolator Market Worth $3.1 Billion by 2028 at a CAGR of 8.6%

(EMAILWIRE.COM, November 29, 2023 ) The Digital Isolator Market was valued at USD 1.9 billion in 2022 and is projected to reach USD 3.1 billion by 2028, growing at a CAGR of 8.6% during the forecast period from 2023 to 2028. High cost of digital isolators compared to optocouplers is the major challenge whereas rising adoption of electric vehicles globally, increasing safety regulations in industrial automation, and growing focus on utilizing digital isolators in high-altitude operations are some of the major opportunities in the digital isolator market.

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Key Market Players:

Key players in the digital isolator market availed opportunities like partnerships and acquisitions. Product development and expansion were a few other strategies adopted by companies to strengthen their market position.

The automotive vertical segment is expected to grow at the highest growth rate during the forecast period from 2023 to 2028. The demand for electric vehicles (EVs) with high-voltage and high-current components, such as batteries and electric motors, is increasing. To improve the safety and reliability of these components, digital isolators are used to isolate them from the rest of the vehicle’s electrical system. Additionally, advanced driver-assistance systems (ADAS) and autonomous driving technologies rely on various sensors and actuators. These components need to be isolated from each other using digital isolators to prevent noise and interference issues.

In North America, the US accounted for the largest share of the digital isolator market in 2022 and is expected to retain its position during the forecast period from 2023 to 2028. The presence of leading digital isolator manufacturers, such as Texas Instruments Incorporated (US); Analog Devices, Inc. (US); Skyworks Solutions, Inc. (US); NVE Corporation (US); Broadcom (US); Vicor Corporation (US); and Semiconductor Components Industries, LLC (Onsemi) (US), in the country is a key factor supporting the growth of the market. In addition, the country houses automotive assembly plants of General Motors (US), Ford Motor Company (US), Fiat Chrysler Automobiles (US), and Tesla Motors (US), which generates substantial demand for digital isolators.

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