Digital Isolator Market by Application, Size, Share and Forecast 2028

According to a new research report titled “Digital Isolators Market Outlook 2028 – Global Analysis – Types and Applications” published by Premium Market Insights,  the digital insulators market is expected to reach $4,133.1 million from $2,537.53 million in 2022 It’s possible. million by 2028; It is expected to grow at a CAGR of 8.5% from 2022 to 2028.

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The assembly of an electric vehicle includes many electronic components, including digital isolators used in battery management systems, isolated fieldbuses, inverters and chargers. Growing fleet of electric vehicles worldwide is expected to create new market opportunities for digital isolators market players during the forecast period. India for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) is growing rapidly at double-digit YoY growth rates in other regions. According to the International Council on Clean Transport (ICCT), approximately 4.3 million BEVs and PHEVs were delivered globally during the first half of 2022, ~62% higher than the deliveries recorded in the first half of 2021. Vehicle shipments recorded worldwide. The number of deliveries nationwide surged from ~1.15 million in the first half of 2021 to ~2.45 million in the first half of 2022. This increase in electric vehicle manufacturing indicates high demand for battery management systems, inverters and chargers. The surge in production of these systems is expected to drive the adoption of digital isolators throughout the electric vehicle industry. The growing automotive industry will positively impact the digital isolator market growth.

Several digital isolator market vendors are adopting a variety of organic and inorganic strategies to gain a competitive advantage. For example, in 2022, Mornsun Guangzhou Science & Technology Co Ltd announced that it had signed a distribution agreement with Avnet Abacus. The partnership will increase the company’s reach and presence in the EMEA market.

Impact of COVID-19 Pandemic on North American Digital Isolators Market Growth

A well-developed infrastructure supporting high-speed internet service is a major driver of the mass adoption of smart devices in North America. Due to COVID-19 restrictions and supply chain disruptions in the semiconductor industry, most manufacturing facilities in the North American country have been closed during FY 2020-2021. also,

A shortage of semiconductor chips across the United States and Canada has slowed the digital isolator market. Consumer spending on home appliance purchases has declined during the pandemic. In North America, on the other hand, demand for factory automation solutions increased during the COVID-19 pandemic, as several companies were looking for innovative ways to reduce manual tasks in their workplaces. However, a significant part of this has not been resolved due to the gap between semiconductor demand and supply due to supply chain disruptions and operational constraints of semiconductor companies. With demand for electronics held steady amidst the global crisis, the digital isolator market was able to pick up speed again in late 2020.

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The digital isolator market in North America is segmented into the United States, Canada, and Mexico. The United States accounted for the largest digital isolator market share in 2021, while Canada is expected to register the highest CAGR during the forecast period. Automakers across North America are actively focusing on increasing sales of electric vehicles. As automotive designs increasingly move toward electrification, high-power power electronics are becoming critical components in a vehicle’s drivetrain and battery systems. High-power power electronics must communicate with and control digital controllers that require digital isolation. Isolators are integrated into modules such as on-board chargers (OBC), battery management systems (BMS), DC-DC converters, traction inverters, and air conditioning units in electric vehicles. In addition, with the increasing advancement of medical imaging devices, the demand for digital isolators is increasing. These devices transmit large amounts of video imaging data from the image sensor to the image processor while maintaining a high level of electrical isolation. Therefore, increasing electrification of vehicles, increasing advancements in medical imaging, and increasing safety standards in industrial automation are among the key factors driving the North American digital isolator market growth.

High sales of electric vehicles in the United States indicate high demand for battery management systems in electric vehicles. EV sales in the US grew by about 200% from the second quarter of 2020 to the same quarter of 2021, registering an increase of 3.6%. The electric vehicle market in the United States has grown from thousands of units sold per year in 2010 to over 315,000 units during 2018-2020. In addition to the growth prospects offered by the electric vehicle industry, the significant presence of major digital isolator manufacturers favors market growth in the United States. American companies such as Analog Devices, Inc.; Broadcom; Texas Instruments Corporation; Vicor Corporation; On Semi; NVE Corporation engages in strategic developments such as product launches and partnerships.

Analog Devices Broadcom Corporation; Infineon Technologies AG; Skyworks Solutions Inc; Nexperia BV; Texas Instruments Inc; Bycor Inc.; ON Semiconductor; NVE Corp; and Mornsun Guangzhou Science & Technology Co Ltd. are some of the prominent digital isolator market players active in the industry.

The overall digital isolator market has been derived using both primary and secondary sources. To begin our market analysis, we conducted thorough secondary research using internal and external sources to obtain qualitative and quantitative information about the market. This process is also used for the purpose of obtaining an overview and forecast of digital isolator market growth with respect to all market segments. In addition, several primary interviews with industry participants and commentators were conducted to validate the data and gain more analytical insights on the topic. Participants in this process include industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as valuation experts, research analysts,

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