Global Optocoupler IC Market � Industry Trends and Forecast to 2028

Viratpatil31 Oct, 2022Other

Optocoupler IC market will reach at an estimated value of USD 3.36 million and grow at a CAGR of 6.10% in the forecast period of 2021 to 2028. Increasing demand for smart home devices and the need for compact and energy-efficient optocoupler ICs is an essential factor driving the optocoupler IC market. Optocoupler is also known as photocoupler, opto-isolator or optical isolator. It is an electronic component which can transfer an electrical signal between two isolated circuits with the help of using a light-sensitive optical interface. The two basic components of an optocoupler are photosensitive transistor and LED. Optocoupler ICs have a wide number of applications in audio amplifiers, audio processors, MEMS microphones, and subsystems.