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The digital isolator market share is expected to increase by USD 389.96 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.3%.
This digital isolator market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers digital isolator market segmentations by technology (capacitive digital isolator, inductive digital isolator, and optical digital isolator), application (industrial process control, power supply and regulation control, healthcare, instrumentation and measurement, and others), and geography (North America, APAC, Europe, South America, and MEA). The digital isolator market report also offers information on several market vendors, including Advantech Co. Ltd., Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Maxim Integrated Products Inc., ON Semiconductor Corp., Renesas Electronics Corp., Silicon Laboratories Inc., STMicroelectronics NV., and Texas Instruments Inc. among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The rising need for industrial automation is notably driving the digital isolator market growth, although factors such as rising competition from unorganized players may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the digital isolator industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Digital Isolator Market Driver
The rising need for industrial automation is one of the key factors driving the growth of the global digital isolator market. Increasing inter-industry competition and the trend of adapting to customers’ requirements have resulted in the need to improve production and manufacturing facilities. These needs have paved the way for improving industrial automation. Rising education levels are decreasing the percentage of the working-age population who are willing to work in manufacturing sectors. In such cases, the industries have started to focus on automating processes, which are efficient as well as effective. Industrial automation reduces reliance on labor; cuts down on employee wages; and boosts flexibility, speed, and productivity. There have been various developments in industrial automation and robots, which will boost the application of digital isolators. The growth in industrial automation is expected to drive the global digital isolator market. The growing demand for advanced electronics, which make less noise, across most of the industry verticals, will positively impact the market. With the increasing level of industrial automation, the importance of digital isolators for effective process control will become significant during the forecast period.
Key Digital Isolator Market Trend
The increasing use of digital isolators in higher altitudes will fuel the global digital isolator market growth. Digital isolators working in higher altitudes, polluted, or high-moisture environments require advanced packaging technology. Isolators in heavy pollution environments can degrade and create a conductive path. To prevent this damage, higher quality packaging mold compounds are required. Even wider package with increased creepage reduces such damage. At higher altitudes, the air pressure is lower which can cause a surge or temporary overvoltage, resulting in the arching of isolator pins. The increased clearance between pins is required to prevent arching. Moreover, Digital isolators that can withstand higher altitudes, pollution, and high-moisture environments are now being developed. New isolators with the best-quality mold compound and wide packages are finding increased use in solar energy, wind energy, and e-metering applications. The increase in the use of renewable energy sources has given way to solar, hydel, and wind energy industries.
Key Digital Isolator Market Challenge
The rising competition from unorganized players is a major challenge for the global digital isolator market growth. The emergence of unorganized players in Asia, who manufacture low-cost digital isolators, will affect the revenue of established players. The local players disrupt the pricing of products, and this induces organized players to reduce the price of their products. The growing industrial automation market in APAC will require isolation technology for efficient production by ensuring fail-safe operations. Unorganized players in the region can fulfill the demand which will result in lesser revenues for organized players. Since the overall operational costs in manufacturing digital isolators are low in APAC, owing to the easy availability of land, labor, and raw materials, there are a significant number of such low-cost unorganized vendors. These vendors are expected to gradually challenge the market share of globally reputed vendors as the former offer products to end-users at affordable prices. Since there is low product differentiation in the market, the end-users are inclined toward the procurement of low-priced products
This digital isolator market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global digital isolator market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the digital isolator market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the digital isolator market encompasses successful business strategies deployed by the key vendors. The digital isolator market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The digital isolator market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the digital isolator market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global industrial machinery market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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52% of the market’s growth will originate from APAC during the forecast period. Japan is the key market for digital isolator market in APAC. Market growth in this region will be faster than the growth of the market in regions.
The rising need for industrial automation will facilitate the digital isolator market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The imposition of stringent lockdowns and social distancing regulations forced many business owners in this region to shut down their facilities temporarily in 2020. Thus, in 2020, with the onset of the COVID-19 pandemic, manufacturing was one of the hard-hit sectors because of challenges from both supply and demand uncertainties. Besides, the shutdown of manufacturing bases in China led to supply chain disruptions in the electronics industry. However, industrial sectors such as automobile and electronics manufacturing are expected to recover in the coming years, with progressing COVID-19 vaccination drives. This factor will positively impact the growth of the regional digital isolator market during the forecast period.
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The digital isolator market share growth by the Industrial process control segment will be significant during the forecast period. The need for enhanced industrial process control is becoming an integral aspect of handling critical automated systems and equipment within various industries. Vendors in the industrial automation segment are also looking to harness this trend in technology upgrading. This will ultimately prove beneficial to digital isolator manufacturers across all geographies. The importance of digital isolators in industrial process control will be the major driving factor for the rise in the adoption of these isolators during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the digital isolator market size and actionable market insights on post COVID-19 impact on each segment.
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Digital Isolator Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
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Market growth 2021-2025 |
$ 389.96 million |
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Market structure |
Fragmented |
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YoY growth (%) |
3.84 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
APAC at 52% |
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Key consumer countries |
US, China, Japan, Germany, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Advantech Co. Ltd., Analog Devices Inc., Broadcom Inc., Infineon Technologies AG, Maxim Integrated Products Inc., ON Semiconductor Corp., Renesas Electronics Corp., Silicon Laboratories Inc., STMicroelectronics NV., and Texas Instruments Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Technology
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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