Avalanche Photodiode Market Analysis | 2022-2028

Market Insights

The avalanche photodiode market was estimated at USD 143.8 million in 2021 and is likely to grow at a CAGR of 4.1% during 2022-2028 to reach USD 190.59 million in 2028.

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Market Dynamics

Introduction

Avalanche photodiode (APD) is a sensitive semiconductor device that exploits the photoelectric effect to convert light into electricity. These photodiodes are primarily used to measure the lower-level light and are used in a wide range of applications that require high sensitivity, such as long-distance & optical-distance optical communications.

COVID-19 Impact

The COVID-19 outbreak has moderately affected the Avalanche Photodiode (APD) industry. This is mainly due to soaring coronavirus cases, the implementation of stringent lockdown measures, and limited movement of people to curb the spread of the virus. This resulted in supply chain disruption and restrictions in transportation, which further affected product demand.

Market Drivers

The major factors driving the growth of the avalanche photodiode market are:

• The growing use of optical technology in the industrial sector
• The rise in digitization in emerging countries
• The surge in the demand for diagnostic devices & systems in the healthcare sector

Moreover, the rising adoption of optics in R&D activities is another key factor augmenting the product demand. However, technical issues related to the use of avalanche photodiodes are likely to hamper industry growth.

Segments Analysis

By Type

The avalanche photodiode market is categorized into silicon-based, indium gallium arsenide, germanium materials, and others. The silicon-based segment held a significant market share in 2021 and is estimated to register a healthy CAGR during the forecast timeline. Silicon-based avalanche photodiodes are sensitive in the wavelength region from ≈ 450 to 1000 nm, with the maximum responsivity occurring around 600–800 nm, and are cheaper than other types. Also, silicon-based APDs offer high sensitivity ranging from UV to NIR for low-light detection at high speeds, thereby bolstering segment growth.

Regional Insights

The Asia Pacific market accounted for a significant share in 2021 and is expected to grow at the highest CAGR in the following years. This is mainly ascribed to the strong presence of consumer electronics and semiconductor companies in South Korea, China, Taiwan, and Japan. Also, increasing product adoption in industrial, medical, and mobility sectors for laser devices and optical scanners further proliferates the regional market growth.

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Key Players

Key players operating in the avalanche photodiode market are-

• First Sensor AG (Germany)
• Hamamatsu (Japan)
• Kyosemi Corporation (Japan)
• Luna (US)
• Excelitas (Canada)
• Osi optoelectronics (US)
• Edmund Optics (US)
• GCS (US)
• Accelink (China)
• NORINCO GROUP (China).

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s avalanche photodiode market realities and future market possibilities for the forecast period of 2022 to 2028. After a continuous interest in our avalanche photodiode market report from the industry stakeholders, we have tried to further accentuate our research scope to the avalanche photodiode market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors

Market Segmentation

This report studies the market, covering a period of 12 years of trends and forecasts. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The avalanche photodiode market is segmented into the following categories:

By Type

• Silicon-Based
• Indium Gallium Arsenide (InGaAs)
• Germanium Materials
• Others

By Application Type

• Industrial
• Medical
• Mobility
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected].