A photodiode sensor is a semiconductor device that converts light into an electrical current. Photodiode sensors are commonly used in optical electronic products like computers, printers, mobile phones, etc. for detecting the presence of light and measuring its strength. They offer benefits like high sensitivity, low noise, and wide spectral response range.
The global Photodiode Sensors Market is estimated to be valued at Us$ 838.12 Mn in 2023 and is expected to exhibit a CAGR Of 7.7% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased demand from the consumer electronics industry is expected to be a key driver for the photodiode sensors market over the forecast period. Photodiode sensors play a critical role in consumer electronics like control panel feedback, camera input, and ambient light detection. They enable key features like auto-focus and auto-brightness adjustment in devices. With the growing penetration of smartphones, laptops, smart TVs, and wearable devices globally, the demand for reliable and efficient photodiode sensors from electronics OEMs has risen significantly in recent years. This rising need from the booming consumer electronics sector is likely to accelerate the growth of the photodiode sensors market during the forecast years.
Segment Analysis
The global photodiode sensors market is dominated by the silicon photodiodes segment due to its wide usage in various end use industries. Silicon photodiodes are used extensively in fiber optics, CCTV, optical mice, infrared remote controls, flame sensors, and smoke detectors among other devices owing to their low cost and mass production capabilities. Silicon photodiodes exhibit high reliability and sensitivity to light in the visible and near-infrared range.
Key Takeaways
The Global Photodiode Sensors Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global Photodiode Sensors Market is estimated to be valued at US$ 838.12 Mn in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030.
The Asia Pacific region holds the largest share of the global photodiode sensors market and is expected to maintain its dominance during the forecast period. Rapid industrialization and growing end-use industries such as consumer electronics, industrial, and telecommunications are expected to drive the demand for photodiode sensors in the region. The telecommunications sector alone is expected to account for over 45% of the regional market share owing to high deployment of fiber optics networks.
Europe is expected to witness significant growth in the photodiode sensors market during 2023-2030. Strong presence of key players coupled with growing adoption of photodiode sensors in automotive applications for lighting, positioning, gesture recognition and collision warning among others is expected to support the market growth in the region.
Key players
Key players operating in the photodiode sensors market are EVERLIGHT ELECTRONICS CO. LTD., First Edmund Optics Inc., Harting Technology, KYOTO SEMICONDUCTOR Co., Ltd., OSRAM International GmbH., ROHM CO., LTD., Sensors AG, Thorlabs, Inc., TT Electronics, and Vishay Intertechnology, Inc.
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