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Avalanche Photodiode Market Worth $218.2 Million by 2029
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The avalanche photodiode market is expected to grow at a CAGR of 3.9% by 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. Additionally, the increasing demand for photonics is expected to provide significant growth opportunities for the players operating in the avalanche photodiodes market.
The avalanche photodiodes market is segmented into material, sales channel, end user, and geography. The study also evaluates industry competitors and analyses the market at the region/country level.
Based on material, the avalanche photodiodes market is segmented into silicon, InGaAs, germanium, and other materials. 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.
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 allowing OEM products to play a vital role in the value chain. Also, OEM products reduce the cost of production. Therefore, such factors are expected to drive the growth of the OEMs segment. However, the aftermarket segment is expected to grow at a higher CAGR during the forecast period.
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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.
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. Additionally, this regional market is also expected to grow at the highest CAGR during the forecast period.
Key Players:
The key players operating in the 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.).
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Key Questions Answered in the Report-
1. Which are the high-growth market segments in terms of material, sales channel, end user, and geography?
2. What is the historical market size for the global avalanche photodiodes market?
3. What are the market forecasts and estimates for the period 2022-2029?
4. What are the major drivers, restraints, opportunities, and challenges in the global avalanche photodiodes market?
5. Who are the major players operating in the market, and what are their market shares?
6. Who are the major players in various countries?
How is the competitive landscape for the global avalanche photodiodes market?
7. What are the recent developments in the global avalanche photodiodes market?
8. What are the different strategies adopted by the major players operating in the market?
9. What are the key geographic trends, and which are the high-growth countries?
10. Who are the local emerging players in the global avalanche photodiodes market, and how do they compete with other players?
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