Photodiode Sensor Market to Reach US$ 1,151.16 Mn by End of 2030, Says Coherent Market Insights

SEATTLE, March 28, 2022 /PRNewswire/ -- According to Coherent Market Insights, The global photodiode sensor market was valued at US$ 640.67 Million in 2022 and is estimated to account for US$ 1,151.16 Million, in terms of value by the end of 2030.

Market Drivers

1.  Increasing Usage of Photodiode Sensors in Consumer Electronics

Increasing automation across different end-use industries and rising usage of barcode scanners for billing of products in sectors such as retail sector are key factors driving growth of the photodiode sensors market. Moreover, increasing awareness about speedy processing time for transaction of purchase & billing and improvement in the impact of customer experience in retail stores is propelling the demand for barcode scanner across the retail sector, which is another major factor driving growth of photodiode sensor market. In addition to this, barcode scanners help stores to keep track of large volume of data of the transactions performed.

 Market Opportunities

1. Adoption of Photodiodes in the Automotive Sector

There is a significant opportunity for semiconductor component providers to expand their presence and business offering in automotive marketplace. As the automotive industry will gain significant traction in coming future owing to the increasing demand for electric vehicles, hybrid electric vehicles, and rapid growth in the development of automotive and connected vehicles across the world. This rapid growth in automotive industry will in-turn boost the demand of photodiode sensors, as these diodes are widely installed in various automotive vehicle modules, which includes LiDAR systems, load levelers in luxury cars, security warning systems, and smart parking systems.

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Market Restraint

1. Temperature Dependency of Photodiodes

All the photodiodes are temperature dependent which have an impact at the time of change in temperature which includes dark current, shunt resistance, sensitivity, breakdown voltage, and somehow also impacts the other parameters such as junction capacitance which hampers the overall performance characteristics of a photodiode.

Noise currents are generated on the circuit due to dark current or shunt resistance. The rise in temperature cause by dark current or shunt resistance increases the noise of the electronic circuit, which results in reduction of breakdown voltage.

Competitive Landscape

Major players operating in the global data center construction market are include EVERLIGHT ELECTRONICS CO., LTD., First Edmund Optics Inc., Harting Technology, KYOTO SEMICONDUCTOR Co., Ltd., OSRAM International GmbH., ROHM CO., LTD., Sensor AG, Thorlabs, Inc., TT Electronics, Vishay Intertechnology, Inc.

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Detailed Segmentation:

Global Photodiode Sensor Market, By Type:

• PN Photodiode
• PIN Photodiode
• Avalanche Photodiode
• Schottky Diode

Global Photodiode Sensor Market, By Application:

• Telecommunication
• Healthcare
• Consumer electronics
• Defense
• Automotive

Global Photodiode Sensor Market, By Region:

• North America
• By Country:
• U.S.
• Canada
• Europe
• By Country:
• U.K.
• Germany
• Italy
• France
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• By Country:
• China
• India
• Japan
• ASEAN
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• By Country:
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• By Country:
• GCC Countries
• Israel
• South Africa
• Rest of Middle East & Africa

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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SOURCE Coherent Market Insights