Global 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) - Global Forecast to 2027, is expected to be valued at US$ 311.0 million by 2027, exhibiting a CAGR of 7.3% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.
Overview
InGaAs photodiode is usually used for detecting near-infrared light, suitable for a variety of applications including measurement, analysis, optical communication, among others. Adoption of 5th Generation Network will introduce the concept of Multiple Input Multiple Output (MIMO) which requires connectivity through optical fiber media. This will result in increasing demand for InGaAs photodiode sensors worldwide.
Additionally, the road to 5G infrastructure would also push Internet of Things (IoT) adoption, creating a conducive environment for InGaAs photodiodes and efficient communication systems. IoT adoption is rapidly expanding in major industries including automotive, manufacturing, consumer products etc. Therefore, focus towards 5G implementation along with Internet of Things (IoT) will generate significant opportunities for players in the global InGaAs photodiode sensors market during the forecast period.
The global InGaAs photo diode sensor market was valued at US$ 184.0 Mn in 2019, which is expected to exhibit a CAGR of 7.9% during the forecast period.
Market Dynamics
With continuous advancement in the telecom industry and the increasing installation of optical fiber for numerous services, the market for indium gallium arsenide (InGaAs) photodiode sensors is expected to grow significantly over the forecast period. The communication industry’s need to transmit increasing volume of information has spurred the fiber optics community to develop economical and high-speed transmission techniques.
InGaAs photodiode sensors allow ultrafast data transfer. The indium gallium arsenide (InGaAs) positive-intrinsic-negative (PIN) photo diode is the most widely used detector in 1.3-µm transmission systems. Primary applications for these devices are data communications (datacom) and telecommunications (telecom)
InGaAs Avalanche photodiodes are used preferably in the IT & telecom sector for long-range fiber communication, quantum sensing, and laser range-finding as they feature improved signal-to-noise ratio, greater linear response range, high quantum efficiency, and easy-installation
Increasing deployment of large-scale fiber optic networks and rise in adoption of broadband network architecture to facilitate fast long distance communication in the telecom sector primarily drives the InGaAs photo diode sensor market growth. For instance, currently, India has an optical fiber-based network spanning across 2.8 Mn kilometres. The National Broadband Mission has set a target to deploy about 5 Mn kilometers of optical fiber by 2024.
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. This has also affected the InGaAs Photodiode Sensor Market in a significant manner. In 2020, the electronic manufactures faced disruption in their short-term strategies and their financials were also impacted by COVID pandemic. China is one of the major supplier and manufacturers of electronic and optical devices. Due to nationwide lockdowns, the supply of optical devices were heavily impacted across the globe.
To know the latest trends and insights prevalent in global InGaAs Photo Diode Sensor market, click the link below:
https://www.coherentmarketinsights.com/market-insight/ingaas-photo-diode-sensor-market-4462
Browse 150 market data tables* and 90 figures* on ‘InGaAs Photo Diode Sensor market- Global forecast to 2027’
Key Trends and Analysis of the Global InGaAs Photo Diode Sensor market:
- There has been an increasing demand for optical sensors in medical products for use in pulse oximeter, spectroscopic analysis, and medical imaging. InGaAs photodiodes find large-scale applications in the medical sector for positron emission tomography (PET) to examine metabolic processes, diagnosis of cancer, kidney stones, knee injuries as InGaAs photodiodes are compact, lightweight, and cost-effective with larger active detection area.
- Moreover, the use of advanced optical technology in nuclear medicine functional imaging technique to examine brain functions further boosts the InGaAs photodiode market growth.
- For instance, Hamamatsu Photonics K.K. offers InGaAs image sensor for different applications including spectrometers for spectrometry, scientific cameras for microscopy, and machine vision for industrial imaging
Asia Pacific is expected to exhibit the highest growth during the forecast period owing to rising consumer in the region, majorly in economies of the region such as Australia, India, China, and Vietnam is expected to boost demand for InGaAs Photo Diodes. Owing to excellent quantum efficiency, InGaAs photodiodes are continuously replacing silicon photodiodes in camera applications. North America is also expected to witness significant growth. SWIR cameras integrated with InGaAs photodiode sensors help in detecting wet and icy surfaces. Also, it helps in pedestrian detection even in poor visibility conditions as these sensors have the capacity to detect near-infrared light. As per a report published by American Automobile Association (AAA), in the U.S., more than 92% of new vehicles have at least one ADAS system. This is expected to propel the regional growth of the market during the period of research study.
Competitive Section
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.
Segmentation
Market Taxonomy:
- By Product Type
- Multi-Element Array
- PN
- PIN
- Avalanche
- Single-Element InGaAs PIN
- Multi-Element Array
- 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 )
- LiDAR
- By Region
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East and Africa
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