North America Digital Isolators Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Optical Coupling, Magnetic Coupling, Capacitive Coupling, and Giant Magnetoresistive) and Application (SMEs and Large Enterprises)

North America Digital Isolators Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Optical Coupling, Magnetic Coupling, Capacitive Coupling, and Giant Magnetoresistive) and Application (SMEs and Large Enterprises)

The North America digital isolators market is expected to grow from US$ 965.78 million in 2022 to US$ 1,513.51 million by 2028. It is estimated to grow at a CAGR of 7.8% from 2022 to 2028.

Growing Demand from Industrial Sector is Driving the North America Digital Isolators Market

Automation helps reduce human intervention across industrial operations, subsequently improving operational efficiencies. The automation of the industrial sector is leading to the higher deployment of digital and automated system control technologies such as PCs, DCs, and programmable logic controllers (PLCs) across industrial facilities. The rise in demand for industrial automation across manufacturing facilities is one of the major factors catalyzing the growth of digital isolators market. The applications of digital isolators in devices such as such as remote sensing devices, programmable logic controllers (PLCs), and motor control devices is driving the demand for digital isolators across the industrial sector. Further, the increasing applications of automated machine/motor control devices and PLCs is also catalyzing the demand for digital isolators market. The demand for PLCs is rapidly growing in the industrial automation sector due to the advantages such as better flexibility and ease, scalability, greater memory capacity, compact size, high-speed Ethernet, and access to wireless systems. PLCs provide precision output to industrial devices that are used for automating processes. Digital isolators are increasingly used in remote sensing devices, PLCs, and motor control devices, among others that allows to minimize the ground level errors in the end devices. The demand for remote sensing technologies along with motor control technologies and compact USB connections is also driving the demand for digital isolators across the industrial sector. The deployment of USB connections across the industrial sector is also increasing with a rise in the adoption of automated technologies. All these factors are contributing to the North America digital isolators market growth .

North America Digital Isolators Market Overview

Automotive manufacturers across North America are engaged aggressively to boost electric vehicles’ sales. As automotive designs are increasingly moving toward electrification, high-wattage power electronics are becoming critical components in the drivetrain and battery systems of vehicles. The high-wattage power electronics need to be communicated with and controlled by digital controllers requiring digital isolation. Isolators have numerous uses in battery management system in the electrical domains of EVs. They are largely used in modules such as onboard chargers (OBCs), Battery Management System (BMS), DC-DC converters, traction inverters, and heating/cooling units. Moreover, increasing advancements in medical imaging devices propel the demand for digital isolators. These devices transfer large volumes of video imaging data from image sensor to image processor while maintaining high levels of electrical isolation. Thus, digital isolators are widely used in medical imaging across North America. Therefore, the rising electrification of vehicles, increasing advancements in medical imaging, and growing safety standards in industrial automation are among the key factors driving the growth of the North America digital isolators market .

North America Digital Isolators Market Revenue and Forecast to 2028 (US$ Million)

North America Digital Isolators Market Segmentation

The North America digital isolators market is segmented into type, application, and country.

Based on type, the North America digital isolators market has been segmented into optical coupling, magnetic coupling, capacitive coupling, and giant magnetoresistive. The capacitive coupling segment registered the largest market share in 2022.

Based on of application, the North America digital isolators market has been bifurcated into SMEs and large enterprises. The SMEs held a larger market share in 2022.

Based on country, the North America digital isolators market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.

Analog Devices Inc, Broadcom Inc, Infineon Technologies AG, Nexperia BV, NVE Corp, On Semiconductor Corp, Skyworks Solutions Inc, Texas Instruments Inc, and Vicor Corp are the leading companies operating in the North America digital isolators market.

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