Avalanche photodiodes or APDs are highly sensitive semiconductor devices that convert optical signals into electrical signals. APDs are operated under high reverse bias. They require additional electronic elements apart from the photodiode. These types of photodiodes incorporate thermosensors to provide better stability. APDs use the four-channel trans-impedance amplifier for reduced noise, high impedance, and low power consumption. These features make APDs suitable for use in LIDAR receivers. APDs are used in healthcare to monitor heart rate and facilitate other vital functions such as blood glucose monitoring, urine analysis, and dental diagnosis.
Meticulous Research®, in its latest publication on the avalanche photodiodes market, states that the market is expected to grow at a CAGR of 3.9% from 2022 to reach $218.2 million by 2029.
The growth of this market is driven by the rising demand for avalanche photodiodes in healthcare devices and the growing adoption of avalanche photodiodes in fiber optics. In addition, the growing demand for photonics is expected to create significant growth opportunities for the players operating in the avalanche photodiodes market.
To provide efficient analysis, Meticulous Research® has segmented this market based on material (silicon, InGaAs, Germanium, other materials), sales channel (OEMs, aftermarket), end user (aerospace & defense, commercial, healthcare, industrial, telecommunications, other end users), and geography.
Based on material, the avalanche photodiodes market is segmented into silicon, InGaAs, germanium, and other materials. In 2022, 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. Germanium photodiodes are commonly used to measure optical power in the NIR range, especially in cost-sensitive applications. The growth of this segment is attributed to various advantages offered by germanium photodiodes, such as lower shunt resistance, higher dark current, and higher noise levels.
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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, enabling OEM products to play an important role in the value chain. Also, OEM products reduce the cost of production. Therefore, such factors are expected to drive the growth of this segment. However, the aftermarket segment is expected to grow at a higher CAGR during the forecast period. Aftermarket parts are usually less expensive than OEM parts. In addition, aftermarket parts provide higher quality. These factors drive the growth of this segment .
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. The developments in organic APDs to develop compact, wearable sensors for medicine and sports applications drive the market demand. In addition, the need for highly integrated and efficient healthcare devices and the growing demand for connected devices and smart wearable technology solutions are expected to drive the demand for avalanche photodiodes from the healthcare sector.
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. Furthermore, this regional market is also expected to grow at the highest CAGR during the forecast period.
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The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence for some of the key players operating in this market, including 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.).
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