Optocouplers Market Size

Optocouplers Market size was over USD 3 Billion in 2023 and is predicted to exceed USD 9.4 Billion by the end of 2036, witnessing over 10% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of optocouplers is evaluated at USD 3.3 Billion.

The growth of the optocouplers market is due to the expanding use of signal isolation solutions across several end-user sectors and the growing automation of industrial processes. Businesses that have automated at least one process do so in roughly 66% of cases. While 50% of firms expect to automate all repetitive processes, the remaining 80% are planning to accelerate process automation.