Global Photodiode Sensors market, which is slated to accrue nearly 962.1(USD Million) in 2019, is set to record the CAGR of nearly 6.49% over the period from 2020 to 2026.
New York, United States - November 3, 2020 /MarketersMedia/ —
As per Zion Market Research, the global market for photodiode sensors is projected to cross US$ 962.1million by 2026, growing at a 6.9% CAGR in the forecast period. Asia Pacific had almost 30% share of the global photodiode sensors market. This is majorly owing to development of fiber optic communication in the area. In addition to this, increasing penetration of the hyperspectral tech over a broad series of applications is expected to force the global market for photodiode sensors in the coming years.
Major companies active in the global market for photodiode sensors are Everlight, First-sensor AG, Hamamatsu Photonics Deutschland, Excelitas Technologies Corp, OSI Optoelectronics, Kyosemi Corporation, Quantum Devices, Edmund Optics, Thorlabs, Inc., Rohm Semiconductor, and ON Semiconductor.
Rising Requirement For Optical Sensors In Medical Goods For Employment In The Retail Sector To Power The Growth Of Global Photodiode Sensors Market
Rising requirement for optical sensors in medical goods and in the automation industry in various developing nations and increasing trend of employing handheld machines such as smartphones and tablets are powering the growth of global market for photodiode sensors. In addition to this, there has been rising acceptance of wearable tech, particularly in industrial applications and remote health monitoring. Photodiode sensors have exclusive functions such as enhanced performance, integrated functionality, high response speed, and high reliability. Also, increasing employment of automation in daily life offers new growth avenues to the global market.
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Asia Pacific To Dominate The Global Market For Photodiode Sensors Both In Terms Of Volume And Income
Regionally, the global market for photodiode sensors has been divided into Middle East & Africa, North America, Asia Pacific, Europe, and South America. Asia Pacific dominates the global market for photodiode sensors both in terms of volume and income, after Europe. The global market in developed areas such as Europe and North America is a moderately established market. The general outlook for the area in Asia Pacific seems to be positive. The area is anticipated to have a noteworthy share during the forecast period of the global market, due to prominent development of primary economies in the area owing to government initiatives and investments to support economic development. The markets in South America and Middle East & Africa are anticipated to see sluggish development in comparison to other areas in the years to come.
The global photodiode sensors market is segmented as follows:
By Photodiode Type
PN Photodiode
PIN Photodiode
Silicon
Germanium
Others
Avalanche Photodiode
Schottky Photodiode
By Wavelength
Ultra Violet (UV) Spectrum
Visible Spectrum
Near Infrared (NIR) Spectrum
Infrared (IR) Spectrum
By Material
Silicon (Si)
Germanium (Ge)
Gallium Phosphide (GaP)
Indium Gallium Arsenide (InGaAs)
Others (Indium Arsenide Antimonide (InAsSb), Mercury Cadmium Telluride (MCT, HgCdTe), etc.)
By End-use Industry
Telecommunication
Health Care
Consumer Electronics
Aerospace & Defense
Others (Research, Automotive, etc.)
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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