An avalanche photodiode is a semiconductor electronic device that utilizes the photoelectric effect to convert light into electricity. An avalanche photodiode has higher sensitivity when compared to a standard photodiode. The avalanche photodiodes are ideal for photon counting and extreme low-level light detection. These photodiodes are available in Silicon, Germanium, InGaAs and other materials. The avalanche photodiode finds its application in various end users such as industrial, aerospace & defense, telecommunication, healthcare, and others.
The factors such as use of optical technology industries, an increase in demand for diagnostic devices and systems in healthcare, and digitalization in developing economies drive the growth of the avalanche photodiode market. However, technical issues associated with the usage of avalanche photodiode restraints the market for avalanche photodiode. Further, adoption of optics in R&D in the field of science creates lucrative opportunities for the market.
The avalanche photodiode market is segmented on the basis of material, end user, and region. On the basis of material, it is categorized into silicon materials, germanium materials, InGaAs materials, and others. By End User, it is classified as industrial, aerospace & defense, telecommunication, healthcare, commercial, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players profiled in the report include Renesas Electronics Corporation, Excelitas Technologies Corp., First Sensor AG, Global Communication Semiconductors, LLC, Hamamatsu Photonics K.K., Kyoto Semiconductor Co., Ltd., LUNA, OSI Optoelectronics, SiFotonics and Lumentum Operations LLC. The key players adopt various strategies such as product launch, product development, collaboration, partnership, and others to increase their foothold in the market.
Avalanche Photodiode Market Key Segments:
BY Material
BY Application
By Region
Key Market Players:
The factors such as use of optical technology industries, an increase in demand for diagnostic devices and systems in healthcare, and digitalization in developing economies drive the growth of the avalanche photodiode market. However, technical issues associated with the usage of avalanche photodiode restraints the market for avalanche photodiode. Further, adoption of optics in R&D in the field of science creates lucrative opportunities for the market.
The avalanche photodiode market is segmented on the basis of material, end user, and region. On the basis of material, it is categorized into silicon materials, germanium materials, InGaAs materials, and others. By End User, it is classified as industrial, aerospace & defense, telecommunication, healthcare, commercial, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key market players profiled in the report include Renesas Electronics Corporation, Excelitas Technologies Corp., First Sensor AG, Global Communication Semiconductors, LLC, Hamamatsu Photonics K.K., Kyoto Semiconductor Co., Ltd., LUNA, OSI Optoelectronics, SiFotonics and Lumentum Operations LLC. The key players adopt various strategies such as product launch, product development, collaboration, partnership, and others to increase their foothold in the market.
Avalanche Photodiode Market Key Segments:
BY Material
- Silicon Material
- Germanium Material
- InGaAs Material
- Others
BY Application
- Industrial
- Aerospace & Defense
- Telecommunication
- Healthcare
- Commercial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Renesas Electronics Corporation
- Excelitas Technologies Corp.
- First Sensor AG
- Global Communication Semiconductors LLC
- Hamamatsu Photonics K.K.
- Kyoto Semiconductor Co. Ltd.
- LUNA
- OSI Optoelectronics
- SiFotonics
- Lumentum Operations LLC
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Avalanche Photodiode Market, by Material
Chapter 5: Avalanche Photodiode Market, by End-user
Chapter 6: Avalanche Photodiode Market, by Region
Chapter 7: Company Profiles
Executive Summary
According to the report titled, 'Avalanche Photodiode Market By Material and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027', the global avalanche photodiode (APD) market size was valued at $151.2 million in 2019, and is projected to reach $202.5 million by 2027, growing at a CAGR of 3.5% from 2020 to 2027.In 2019, Asia-Pacific dominated the avalanche photodiode market share among all regions analyzed, contributing more than 50% share of the overall revenue. The major industries that support the economy of the countries in the region are mining & extraction, food processing, automobiles, aerospace, naval, electronics & semiconductors, textile, and others. These industries use various laser devices, optical scanners, and other systems for applications such as inspection, scanning, mapping & planning, and others. The optical systems use avalanche photodiode, which drives the market demand.
The telecommunication industry was the dominant segment in 2019 for the avalanche photodiode market and is also expected to maintain its dominance during the analysis period. The adoption of latest technology such as 4G, drives market growth due to the use of optical communication for high speed data transfer. The optical communication uses avalanche photodiodes, due to its ability to achieve high internal gain at relatively high speeds and low excess noise, thus improving the signal-to-noise ratio of the system. Therefore, avalanche photodiodes are highly adopted in the telecommunication industry.
Use of optical technology industries, rise in demand for diagnostic devices and systems in healthcare, and digitalization in developing economies drive the avalanche photodiode market growth. However, technical issues with avalanche photodiode hamper its adoption. This hampers the growth of the market. On the contrary, adoption of optics in R&D in the field of science provide lucrative opportunities for the growth of the avalanche photodiode market during the forecast period.
According to Ruchal Humbare, Lead Analyst, Semiconductor and Electronics, “Rise in adoption of InGaAs avalanche photodiode as per the avalanche photodiode market trend is expected to create lucrative opportunities. The use of avalanche photodiode in low energy x-rays, drives market growth. In addition, the rise in adoption of optical technology in the healthcare industry make way for lucrative growth opportunities in the future.”
Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue generator in 2019, accounting for $73.16 million, and is estimated to garner $106.61 Million by 2027, growing at a CAGR of 4.6%.
The avalanche photodiode market is segmented on the basis of material, end user, and region. On the basis of material, it is categorized into silicon materials, germanium materials, InGaAs materials, and others. By end user, it is classified as industrial, aerospace & defense, telecommunication, healthcare, commercial, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings of the Study:
By material, the silicon materials segment held the highest revenue of $71.79 million in 2019 and contributed a major part in avalanche photodiode market share.
By end user, the telecommunication segment held the highest revenue share of the market in 2019, generating $51.39 million as per the avalanche photodiode market analysis.
By region, Asia-Pacific is expected to dominate the market, garnering a major avalanche photodiode market share during the forecast period.
Key players operating in the avalanche photodiode market include Renesas Electronics Corporation, Excelitas Technologies Corp., First Sensor AG, Global Communication Semiconductors, LLC, Hamamatsu Photonics K.K., Kyoto Semiconductor Co., Ltd., LUNA, OSI Optoelectronics, SiFotonics and Lumentum Operations LLC, which are profiled in this report. The avalanche photodiode industry key market players have adopted various strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- Renesas Electronics Corporation
- Excelitas Technologies Corp.
- First Sensor AG
- Global Communication Semiconductors LLC
- Hamamatsu Photonics K.K.
- Kyoto Semiconductor Co. Ltd.
- LUNA
- OSI Optoelectronics
- SiFotonics and Lumentum Operations LL
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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