MARKET OVERVIEW
An optocoupler, also known as an optoisolator, is an electronic component that enables the transfer of electrical signals between two isolated circuits using light. The key function of an optocoupler is to provide electrical isolation, which helps prevent high voltage in one circuit from affecting or damaging another, while still enabling reliable signal transmission.
MARKET SIZE & GROWTH
• The global Photocouplers Market was valued at $2,488 million in 2024.
• It is projected to reach $3,887 million by 2031.
• The market is expected to grow at a CAGR of 6.7% during the forecast period.
