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Avalanche Photodiode Market
Avalanche Photodiode Market by Material (Silicon, InGaAs, Germanium, Others), Sales Channel (OEMs, Aftermarket), End User (Aerospace & Defense, Commercial, Healthcare, Industrial, Telecommunications, Others), and Geography - Global Forecast to 2029
Report ID:MRSE - 104599 Pages: 124 Jun-2022 Formats*: PDF Category: Semiconductor and Electronics Delivery: 2 to 4 HoursThe Avalanche Photodiode 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 mainly driven by the rising demand for avalanche photodiodes in healthcare devices and the growing adoption of avalanche photodiodes in fiber optics. In addition, the rising demand for photonics is expected to provide significant growth opportunities for the players operating in the avalanche photodiodes market.
Impact of COVID-19 on the Global Avalanche Photodiode Market
The COVID-19 pandemic caused a widespread economic downturn as several countries imposed strict lockdowns to contain the infection. The closure of on-premise business processes and disruptions in supply chains and production schedules negatively affected businesses worldwide, significantly impacting the technology supply chains globally. The COVID-19 pandemic negatively affected the demand for avalanche photodiodes due to the closure of consumer electronics, automobile, industrial, and other manufacturing facilities across the globe.
The shutting down of the manufacturing industry at the beginning of 2020 in China due to quarantine mandates caused a ripple effect on the global economy. Many industries with high trade exposure to China were impacted drastically, such as semiconductors, consumer electronics, and electronic components production. China supplies a significant percentage of the components required for lighting, and numerous countries depend on supplies from China. The closure of manufacturing facilities providing LED and other light fixture components resulted in longer lead times, depleted inventories, and premium pricing.
The electronics industry was negatively impacted by the outbreak of the COVID-19 pandemic. Hypermarkets, supermarkets, and showrooms worldwide were shut down, affecting the sales of various electronic devices. The consumer electronics industry’s supply chain is majorly China-centric as several leading consumer electronic devices OEMs have their manufacturing facilities in the country. Thus, the shutting down of manufacturing facilities in China affected the electronics industry globally.
There has been an increasing demand for data storage for managing the large amount of data generated. However, many small & medium-sized businesses shut down, either temporarily or permanently, hampering revenue growth in the data storage market. In addition, the overall decline in the demand for electronic components impacted the hardware market, affecting the avalanche photodiodes market. Although the IT supply chain adjusted to the sudden shock considerably, the market witnessed a short-term reduction in IT hardware spending by the enterprises and industries. Spending on devices declined sharply by more than 10%, whereas infrastructure spending is anticipated to be positive, sustained by an uptick in cloud demand.
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Rise in Demand for Avalanche Photodiodes in Healthcare Devices to Increase Market Growth
There has been a growing demand for diagnostic devices in the healthcare sector in recent years. Photodiodes are used in medical instruments to measure oxygen concentration in blood. Avalanche photodiodes (APDs) are silicon-based solid-state detectors that convert photons into a charge current. They provide a compact, robust, magnetic field insensitive solution for light and x-ray detections with gains on the order of 100 and fast response times. Thus, APDs are extensively used in the healthcare sector. APDs offer numerous benefits in this sector, such as fast response time, high performance, and longer life.
Optics has affected people's lives by changing the practice of medicine and offering new approaches to major health problems, such as the treatment of heart disease, cardiovascular diseases, kidney stones, knee injuries, and eye diseases. The increasing use of optics and fiber optics has introduced less invasive ways of treating disease by replacing open surgery with minimally invasive therapies. Optics has enabled laser surgery, optical diagnostic techniques, and visualization of the body's interior. Avalanche photodiodes are integrated with the optical machines used during surgeries.
Various healthcare providers use APDs in healthcare devices to diagnose and monitor patients and employ immediate clinical management. Some leading companies have started developing various avalanche photodiodes for the healthcare sector. For instance, Hamamatsu Photonics K.K. developed a silicon-based avalanche photodiode (APD) for X‐ray timing measurements. APD detector has a property for fast counting up to 108 counts per second using its output width, which is shorter than several nanoseconds.
Key Findings in the Global Avalanche Photodiodes Market Study:
Germanium Segment Projected to Grow at Highest CAGR During Forecast Period
Based on material, the avalanche photodiodes market is segmented into silicon, InGaAs, germanium, and other materials. 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.
Aftermarket Segment Projected to Grow at Highest CAGR During Forecast Period
Based on sales channel, the avalanche photodiodes market is segmented into OEMs and Aftermarket. 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.
Healthcare Segment Projected to Grow at Highest CAGR During Forecast Period
Based on end user, the avalanche photodiodes market is segmented into aerospace & defense, commercial, healthcare, industrial, telecommunications, and other end users. 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 photodiode from the healthcare sector.
Asia-Pacific to Witness Fastest Market Growth Rate
Based on geography, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. 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. Additionally, this regional market is expected to account for the largest share of the avalanche photodiodes market.
Key Players
The key players operating in the avalanche photodiode market are 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.).
Scope of the Report:
Avalanche Photodiode Market, by Material
- Silicon
- Indium Gallium Arsenide (InGaAs)
- Germanium
- Other Materials
Avalanche Photodiode Market, by Sales Channel
- OEMS
- Aftermarket
Avalanche Photodiode Market, by End User
- Aerospace & Defense
- Commercial
- Healthcare
- Industrial
- Telecommunications
- Other End Users
Avalanche Photodiode Market, by Geography
- North America
- U. S.
- Canada
- Europe
- Germany
- U. K.
- Italy
- France
- Spain
- Rest of Europe (RoE)
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Taiwan
- Rest of Asia-Pacific (RoAPAC)
- Latin America
- Middle East & Africa
Key Questions Answered in the Report:
The avalanche photodiodes market report covers the market sizes and forecasts for the avalanche photodiode based on material, sales channel, end user, and geography. The market study provided in this report involves the value analysis of various segments and subsegments of the avalanche photodiodes market at the regional and country levels.
The global avalanche photodiodes market is projected to reach a value of $218.2 million by 2029, at a CAGR of 3.9% during the forecast period.
Based on the material, in 2022, the silicon segment is expected to account for the largest share of the global avalanche photodiodes market.
Based on end user, in 2022, the telecommunication segment is expected to account for the largest share of the global avalanche photodiodes market.
The growth of this market is mainly 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 provide significant growth opportunities for the players operating in the avalanche photodiodes market.
The key players operating in the global avalanche photodiodes market are 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.).
Asia-Pacific is projected to offer significant growth opportunities for the vendors operating in this 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.
1. Introduction
1.1. Market Definition
1.2. Currency And Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.2. Bottom-Up Approach
2.3.3. Top-Down Approach
2.3.4. Growth Forecast
2.4. Assumptions for The Study
2.5. Limitations for The Study
3. Executive Summary
4. COVID-19: Impact Assessment
4.1. Scenario A: Slow Recovery
4.2. Scenario B: Fast Recovery
5 Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. Avalanche Photodiode Market: Impact Analysis of Market Drivers
5.2.1.1. Rising Demand for Avalanche Photodiodes in Healthcare Devices
5.2.1.2. Growing Adoption of Avalanche Photodiodes in Fiber Optics
5.2.2. Avalanche Photodiode Market: Impact Analysis of Market Opportunities
5.2.2.1. Growing Demand for Photonics
5.2.2.2. Rising Adoption of Thermoelectric Coolers (TESs) to Temperature Stabilize Avalanche Photodiode
5.2.3. Avalanche Photodiode Market: Impact Analysis of Market Challenges
5.2.3.1. Output Reliability Issues & High Operating Costs
5.3. Value Chain Analysis
6. Global Avalanche Photodiode Market, by Material
6.1. Introduction
6.2. Silicon
6.3. Indium Gallium Arsenide (InGaAs)
6.4. Germanium
6.5. Other Materials
7. Global Avalanche Photodiode Market, by Sales Channel
7.1. Introduction
7.2. Original Equipment Manufacturers (OEMs)
7.3. Aftermarket Sales
8. Global Avalanche Photodiode Market, by End User
8.1. Introduction
8.2. Telecommunication
8.3. Industrial End Users
8.4. Commercial End Users
8.5. Healthcare
8.6. Aerospace & Defense
8.7. Other End Users
9. Avalanche Photodiode Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe (RoE)
9.4. Asia-Pacific
9.4.1. China
9.4.2. Japan
9.4.3. South Korea
9.4.4. Taiwan
9.4.5. India
9.4.6. Rest of Asia-Pacific (RoAPAC)
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Market Share Analysis (2021)
10.3.1. Hamamatsu Photonics K.K
10.3.2. Photona GmbH (Formerly Laser Components GmbH)
10.3.3. Excelitas Technologies Corp.
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1. Lumentum Operations LLC
11.2. Hamamatsu Photonics K.K.
11.3. Renesas Electronics Corporation
11.4. Excelitas Technologies Corp.
11.5. First Sensor AG (A Part of TE Connectivity Ltd.)
11.6. Global Communication Semiconductors, LLC
11.7. Kyoto Semiconductor Co., Ltd.
11.8. Photona GmbH (Formerly Known As Laser Components GmbH)
11.9. Luna Innovations Incorporated
11.10. OSI Systems, Inc.
11.11. SiFotonics Technologies Co., Ltd.
11.12. Vishay Intertechnology, Inc.
11.13. On Semiconductor Corporation
11.14. Infineon Technologies AG
11.15. MACOM Technology Solutions Holdings, Inc.
11.16. Skyworks Solutions, Inc.
12. Appendix
12.1. Questionnaire
12.2. Available Customization
List of Tables
Table 1 Impact of COVID-19 on the Global Avalanche Photodiode Market (USD Million)
Table 2 Global Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 3 Silicon Avalanche Photodiode Market Size, by Country/Region, 2020–2029 (USD Million)
Table 4 Indium Gallium Arsenide (InGaAs) Avalanche Photodiode Market Size, by Country/Region, 2020–2029 (USD Million)
Table 5 Germanium Avalanche Photodiode Market Size, by Country/Region, 2020–2029 (USD Million)
Table 6 Other Avalanche Photodiode Materials Market Size, by Country/Region, 2020–2029 (USD Million)
Table 7 Global Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 8 Avalanche Photodiode Market Size for OEMs, by Country/Region, 2020–2029 (USD Million)
Table 9 Avalanche Photodiode Market Size for Aftermarket Sales, by Country/Region, 2020–2029 (USD Million)
Table 10 Global Avalanche Photodiode Market Size, End User, 2020—2029 (USD Million)
Table 11 Avalanche Photodiode Market Size for Telecommunication, by Country/Region, 2020–2029 (USD Million)
Table 12 Avalanche Photodiode Market Size for Industrial End Users, by Country/Region, 2020–2029 (USD Million)
Table 13 Avalanche Photodiode Market Size for Commercial End Users, by Country/Region, 2020–2029 (USD Million)
Table 14 Avalanche Photodiode Market Size for Healthcare, by Country/Region, 2020–2029 (USD Million)
Table 15 Avalanche Photodiode Market Size for Aerospace & Defense, by Country/Region, 2020–2029 (USD Million)
Table 16 Avalanche Photodiode Market Size for Other End Users, by Country/Region, 2020–2029 (USD Million)
Table 17 Global Avalanche Photodiode Market Size, by Country/Region, 2020—2029 (USD Million)
Table 18 North America: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 19 North America: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 20 North America: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 21 U.S.: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 22 U.S.: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 23 U.S.: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 24 Canada: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 25 Canada: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 26 Canada: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 27 Europe: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 28 Europe: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 29 Europe: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 30 Germany: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 31 Germany: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 32 Germany: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 33 U.K.: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 34 U.K.: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 35 U.K.: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 36 France: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 37 France: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 38 France: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 39 Italy: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 40 Italy: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 41 Italy: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 42 Spain: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 43 Spain: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 44 Spain: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 45 Rest of Europe: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 46 Rest of Europe: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 47 Rest of Europe: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 48 Asia-Pacific: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 49 Asia-Pacific: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 50 Asia-Pacific: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 51 China: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 52 China: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 53 China: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 54 Japan: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 55 Japan: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 56 Japan: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 57 South Korea: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 58 South Korea: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 59 South Korea: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 60 Taiwan: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 61 Taiwan: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 62 Taiwan: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 63 India: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 64 India: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 65 India: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 66 Rest of Asia-Pacific: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 67 Rest of Asia-Pacific: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 68 Rest of Asia-Pacific: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 69 Latin America: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 70 Latin America: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 71 Latin America: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 72 Middle East & Africa: Avalanche Photodiode Market Size, by Material, 2020—2029 (USD Million)
Table 73 Middle East & Africa: Avalanche Photodiode Market Size, by Sales Channel, 2020—2029 (USD Million)
Table 74 Middle East & Africa: Avalanche Photodiode Market Size, by End User, 2020—2029 (USD Million)
Table 75 Recent Developments, by Company (2019–2022)
List of Figures
Figure 1 Scope of the Global Avalanche Photodiodes Market
Figure 2 Currency and Limitations
Figure 3 Key Stakeholders of the Global Avalanche Photodiodes Market
Figure 4 Research Process
Figure 5 Key Secondary Sources
Figure 6 Primary Research Techniques
Figure 7 Key Executives Interviewed
Figure 8 Market Sizing and Growth Forecast Approach
Figure 9 Key Insights
Figure 10 Global Avalanche Photodiodes Market Size, by Material (2029)
Figure 11 Global Avalanche Photodiodes Market Size, by Sales Channel (2022 Vs 2029)
Figure 12 Global Avalanche Photodiodes Market Size, by End User (2029)
Figure 13 Geographic Snapshot: Global Avalanche Photodiodes Market
Figure 14 COVID-19 Impact on the Global Avalanche Photodiode Market
Figure 15 Market Dynamics
Figure 16 Value Chain for Avalanche Photodiode Market
Figure 17 Global Avalanche Photodiode Market Size, by Material, 2022 Vs 2029 (USD Million)
Figure 18 Global Avalanche Photodiode Market Size, by Sales Channel, 2022 Vs 2029 (USD Million)
Figure 19 Global Avalanche Photodiode Market Size, by End User, 2022 Vs 2029 (USD Million)
Figure 20 Global Avalanche Photodiode Market Size, by Region, 2022 Vs 2029, (USD Million)
Figure 21 Key Growth Strategies Adopted by Leading Market Players (2019–2022)
Figure 22 Leading Players’ Market Share Analysis (2021)
Figure 23 Lumentum Holdings, Inc.: Financial Overview, 2021
Figure 24 Hamamatsu Photonics K.K.: Financial Overview (2021)
Figure 25 Renesas Electronics Corporation: Financial Overview (2021)
Figure 26 First Sensor AG: Financial Overview (2020)
Figure 27 Global Communication Semiconductors, LLC: Financial Overview (2020)
Figure 28 OSI Systems, Inc.: Financial Overview (2021)
Figure 29 Vishay Intertechnology, Inc.: Financial Overview (2021)
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