1. Science / Technology

Avalanche Photodiode Market

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Meticulous Research®—leading global market research company published a research report titled, ‘Avalanche Photodiode Market by Material (Silicon, InGaAs, Germanium, Others), Sales Channel (OEMs, Aftermarket), End User (Aerospace & Defense, Commercial, Healthcare, Industrial, Telecommunications, Others), and Geography—Forecast to 2029.’

The avalanche photodiode market is expected to grow at a CAGR of 3.9% by 2022 to reach $218.2 million by 2029. The growth of this market is mainly driven by the rising demand for avalanche photodiodes in healthcare devices and the growing adoption of avalanche photodiodes in fiber optics. Additionally, the increasing demand for photonics is expected to provide significant growth opportunities for the players operating in the avalanche photodiodes market.

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The avalanche photodiodes market is segmented into material, sales channel, end user, and geography. The study also evaluates industry competitors and analyses the market at the region/country level.

Based on material, the avalanche photodiodes market is segmented into silicon, InGaAs, germanium, and other materials. The silicon segment is expected to account for the largest share of the avalanche photodiodes market. The growth of this segment is attributed to the advantages offered by silicon based APDs, such as high gain, low noise, high sensitivity ranging from UV to NIR for low light detection, and high speed. However, the germanium segment is expected to grow at the highest CAGR during the forecast period.

Based on sales channel, the avalanche photodiodes market is segmented into OEMs and aftermarket. In 2022, the OEMs segment is expected to account for a larger share of the avalanche photodiodes market. As hyper-converged systems are being installed in more companies, multiple hardware components are being integrated into a single entity allowing OEM products to play a vital role in the value chain. Also, OEM products reduce the cost of production. Therefore, such factors are expected to drive the growth of the OEMs segment. However, the aftermarket segment is expected to grow at a higher CAGR during the forecast period.

Based on end user, the avalanche photodiodes market is segmented into aerospace & defense, commercial, healthcare, industrial, telecommunications, and other end users. In 2022, the telecommunications segment is expected to account for the largest share of the avalanche photodiodes market. The rising demand for fiber optics due to their high bandwidth and reliability for long-distance communications drives the adoption of APDs in the telecommunication industry. However, the healthcare segment is expected to grow at the highest CAGR during the forecast period.

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Based on geography, in 2022, Asia-Pacific is expected to account for the largest share of the avalanche photodiodes market. Mining, food processing, automotive, aerospace, electronics & semiconductors, and textile are some of the major industries in Asia-Pacific. These industries use various laser devices and optical scanners for inspection, scanning, mapping, and planning. These optical systems and devices use avalanche photodiodes, driving the growth of the avalanche photodiodes market in Asia-Pacific. Additionally, this regional market is also expected to grow at the highest CAGR during the forecast period.

Key Players:

The key players operating in the avalanche photodiodes market are Lumentum Holdings Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Renesas Electronics Corporation (Japan), Excelitas Technologies Corp. (U.S.), First Sensor AG (Germany), Global Communication Semiconductors, LLC (U.S.), KYOTO SEMICONDUCTOR Co., Ltd. (Japan), Laser Components Germany GmbH (Germany), Luna Innovations Incorporated (U.S.), OSI Systems, Inc. (U.S.),  SiFotonics Technologies Co., Ltd. (U.S.), MACOM Technology Solutions Holdings, Inc. (U.S.), Infineon Technologies AG (Germany), Skyworks Solutions, Inc. (U.S.), ON SEMICONDUCTOR CORPORATION (U.S.), and Vishay Intertechnology, Inc. (U.S.).

To gain more insights into the market with a detailed table of content and figures, click here:  https://www.meticulousresearch.com/product/avalanche-photodiodes-market-5285

Scope of the Report:

Avalanche Photodiodes Market, by Material

  • Silicon
  • Indium Gallium Arsenide (InGaAS)
  • Germanium
  • Other Materials

Avalanche Photodiodes Market, by Sales Channel

  • OEMs
  • Aftermarket

Avalanche Photodiodes Market, by End User

  • Aerospace & Defense
  • Commercial
  • Healthcare
  • Industrial
  • Telecommunications
  • Other End Users

Avalanche Photodiodes Market, by Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

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