Ingaas photo diode sensor market

InGaAs Photo Diode Sensor Market, By Product Type (Multi-element array (PN, PIN, and Avalanche) and Single-element array), By Range (Short Range Detection, Medium Range Detection, and Long Range Detection), By Application (LiDAR (Automotive ADAS, Automated Guided Vehicle (AGV), Range Finding, and Others), Optical Communication (Power Monitor, DWDM Monitoring, Single/Multi-Mode Fiber Optic Receiver, and Others), and Infrared Imaging), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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Jun 2021
CMI4462
160 Pages
Excel & Pdf
Semiconductors

Summary

InGaAs stands for Indium gallium arsenide and contains properties intermediate between those of InAs and GaAs. InGaAs photodiode is usually used for detecting near-infrared light, suitable for a variety of applications such as measurement, analysis, optical communication, and others. The sensor offers low noise, high sensitivity, high speed, and a spectral response ranging from 0.5 μm to 2.6 μm. According to Coherent Market Insights’ analysis, the Global InGaAs Photo Diode Sensor Market is expected to reach US$ 311.0 million by 2027 from US$ 184.0 million in 2019.

InGaAs Photo Diode Sensor Market - Impact of Coronavirus (Covid-19) Pandemic

The global electronics industry has been impacted significantly by COVID-19 in terms of supply as well as demand. According to CMI’s analysis, more than 47% of electronic equipment manufacturers have reported that COVID-19 has directly impacted their short-term strategic plans, and also impacted their revenue for the financial year 2020.

Coronavirus has led to lockdowns in several countries such as India, and the U.S., to curtain the impact of the virus. China is the largest consumer and the manufacturer of electronics and semiconductor devices, and Wuhan (China) approximately accounts for 22% of the Chinese optical device industry. Lockdown in Wuhan, China has disrupted the supply of optical devices across the globe. In addition, during the nationwide lockdowns, companies promoted work from home culture, and students were using virtual platforms for classes and studies, which relies on optical technology. For instance, according to Coherent Market Insights’ analysis, during the lockdown period, internet streaming jumped by approximately 12% globally and internet hits have been increased approximately from 50% to 70% globally.

Asia Pacific is expected to hold dominant position in the global InGaAs photo diode sensor market during the forecast period.

Statistics:

Asia Pacific held dominant position in the global InGaAs Photo Diode Sensor Market in 2019, accounting for 52.9% share in terms of value, followed by Europe and North America.

Figure 1: Global InGaAs Photo Diode Sensor Market Share (%), By Region, 2019

Asia Pacific held dominant position in the global InGaAs photo diode sensor market in 2019 and is projected to retain its dominance throughout the forecast period, owing to rising adoption of medical imaging products for medical processes such as CT scans across the region, majorly in economies of the region such as Australia, India, China, and Vietnam. For instance, according to National Center for Biotechnology Information and U.S. National Library of Medicine, in Japan more than 29.9 million patients undergo CT scan annually. Moreover, as per the data published by Semiconductor Industry Association, in 2020, South Korea, Taiwan, Japan, and China accounted for 19%, 6%, 5%, and 5% respectively in the global semiconductor market. These countries hold top four positions in semiconductor industry driven by significant R&D spending and government support.

Major companies operating in the global InGaAs photo diode sensor market are First Sensor, Hamamatsu Photonics K.K., Laser Components GmbH, OSI LaserDiode, Kyoto Semiconductor Co., Ltd., Teledyne Judson Technologies (TJT), SphereOptics GmbH, and Voxtel, Inc.

InGaAs Photo Diode Sensor Market Report Coverage

Report Coverage	Details
Base Year:	2019	Market Size in 2019:	US$ 184.0 Mn
Historical Data for:	2017 to 2019	Forecast Period:	2020 to 2027
Forecast Period 2020 to 2027 CAGR:	7.3%	2027 Value Projection:	US$ 311.0 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Product type: Multi-Element Array ( PN, PIN, Avalanche), Single-Element InGaAs PIN By Range: Short Range Detection, Medium Range Detection, Long Range Detection By Application: LiDAR ( Automotive ADAS, Automated Guided Vehicle (AGV), Range Finding, Others (Surveillance Camera, etc.)), Optical Communication ( Power Monitoring, DWDM Monitoring, Single/Multi-Mode Fiber Optic Receiver, Others), Infrared Imaging (Especially for Medical Imaging )
Companies covered:	First Sensor, Hamamatsu Photonics K.K., Laser Components GmbH, OSI LaserDiode, Kyoto Semiconductor Co., Ltd., Teledyne Judson Technologies (TJT), SphereOptics GmbH, and Voxtel, Inc.
Growth Drivers:	Rising adoption of InGaAs photodiode sensors in Optical Communication Increasing application of InGaAs Photodiode Sensors in Light Detection And Ranging (LIDAR)
Restraints & Challenges:	Complex and expensive manufacturing process of InGaAs photodiode sensors

Among product type segment, the multi-element array sub-segment is expected to dominate the market during the forecast period owing to wide range of applications associated with multi-element arrays

Multi-dimension array accounted for larger market share of 61.6% in 2018. This is owing to wide range of applications associated with these InGaAs arrays including liquid-level sensing, analysis, measurement, and optical communication. When a large number of detectors are required, multi-element array offers a low cost alternative which makes it preferable for a range of applications. In multi-element photodiode array, hundreds or thousands photodiodes are placed into a single chip. InGaAs photodiode arrays have wider range of applications than single photodiode.

Figure 2: Global InGaAs Photo Diode Sensor Market Value (US$ Mn), 2017 - 2027

The global InGaAs photo diode sensor market was valued at US$ 184.0 Mn in 2019 and is expected to reach US$ 311.0 Mn by 2027 at a CAGR of 7.3% between 2019 and 2027.

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- Frequently Asked Questions -

What is the expected market size of the market in 2022?

The global InGaAs photo diode sensor market is expected to reach US$ 205.4 million by 2022.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2020-2027)?

The market is expected to witness CAGR of 7.3% during the forecast period (2020-2027).

What is the major driver for the market growth?

Rising adoption of InGaAs photodiode sensors in optical communication drive the growth of the Market during the forecast period.

Among product type segment, which sub-segment held the largest market share in the market in 2019?

The multi-element array segment held the largest market share among product type, contributing 61.6% in terms of value in 2019.

Which region held the largest market share in the market in 2019?

Asia Pacific region held the largest share in the market in 2019, accounting for 52.9% share in terms of value.

Who are the key players operating in the market?

Major companies operating in the market are First Sensor, Hamamatsu Photonics K.K., Laser Components GmbH, OSI LaserDiode, Kyoto Semiconductor Co., Ltd., Teledyne Judson Technologies (TJT), SphereOptics GmbH, and Voxtel, Inc.