Photodiode Sensors Market - Forecasts from 2023 to 2028

The photodiode sensors market is projected to grow at a CAGR of 6.92% to reach US$997.432 million in 2028 from US$624.424 million in 2021.

A photodiode sensor is a sort of PN-junction diode that generates an electric current by using light. Other names for them include photodetector, light detector, and photosensor. Photodiodes are designed to function in the reverse bias condition. Photodiodes are used in wearable devices such as smartwatches and fitness trackers for optical heart rate detection, and they are also used in a variety of medical applications such as sample analysis devices, computed tomography detectors, and blood gas monitors. Fast reaction speeds, enhanced performance, integrated functionality, and remarkable dependability define photodiode sensors. As smartphones become more popular in the electrical and electric sectors, there will be a growing need for photodiode sensors for smartphone applications such as ambient light sensors and barcode/QR code sensors, boosting the photodiode sensor market. It is also used in a variety of medical applications, including sample analysis devices, computed tomography detectors, and blood gas monitors. These photodiode sensor applications will accelerate the market's expansion throughout the anticipated period.

The increasing usage of the avalanche photodiode sensors segment will boost the market growth.

Avalanche photodiodes (APDs) are photodetectors with a gain mechanism that uses the photoelectric effect to convert light into energy. The avalanche photodiodes, which are constructed of components like silicon, InGaAs, and germanium, are utilized by several industries. The avalanche photodiodes market is growing as a result of the device's application in medicine. for instance, For instance, according to estimates from MedTech Europe, the annual growth rate for sales of medical equipment in Europe was 8.5% in 2020 and 2.9% in 2021. Silicon-based avalanche photodiodes are less expensive than other types and have a wavelength range of 450 to 1000 nm, with the peak sensitivity occurring between 600 and 800 nm. Moreover, silicon-based APDs offer great sensitivity for low light detection at high speeds from UV to NIR, encouraging the photodiode sensor market growth

Rising usage in the automotive sector is propelling market growth.

The application of photodiode sensors in automobiles is that they can detect sunlight entering a vehicle and send a signal to the system to modify the brightness of the display lighting. Rain sensors positioned behind the windshield count the number of droplets that have landed on a given location and subsequently activate the appropriate wiper action using photodiodes. Due to the rising demand for electric and hybrid cars as well as the quickening pace of automotive and connected vehicle development globally, the photodiode market will experience substantial growth in the near future. According to the IEA, roughly 11.3 million electric battery cars were sold globally in 2021, more than twice as many as were sold in 2020. As photodiode sensors are widely installed in many automotive vehicle modules, such as LiDAR systems, load levelers in luxury automobiles, security warning systems, and smart parking systems, the industry's rapid expansion will also increase demand for these sensors. As the production of motor vehicles in the industry will increase the demand for photodiode sensors will also increase. According to the OICA data, the total motor vehicle production has increased from 77 711 725 units in 2020 to 80 145 988 units in 2021, which has shown a rise of 3% in production. As a consequence of the increased production of high-end motor vehicles with enhanced laser technology and sensor automation, the usage of photodiode sensors is increasing which is anticipated to boost the market growth.

The North American region is expected to boost the photodiode sensors market growth.

Due to the area's developing consumer electronics, automotive, and telecommunications sectors, the Asia Pacific region is anticipated to have the largest and fastest-growing photodiode sensors market. China, Taiwan, South Korea, Japan, and India are the market leaders in consumer electronics. The need for photodiode sensors in the area will increase as a result of the increase in consumer electronics. According to the International Data Corporation (IDC) 329.3 million smartphones were shipped in China in 2021, with a year-on-year (YoY) growth of 1.1% from 2020.

Additionally, as automakers continue to concentrate on producing vehicles that can meet international standards, the expansion of the automotive sector is anticipated to boost the expansion of the Asia Pacific region's market under study. According to the OICA data on production, the Asia Pacific region’s motor vehicle production has increased by 13% from 44 276 549 units in 2020 to 50 020 793 units in 2022. Also, the photodiode market is being driven by advancements as suppliers constantly provide new products to meet the rising demand. For instance, Samsung Electronics, South Korea, announced ISOCELL Auto 4AC in June 2021, an automobile image sensor with sophisticated 120-decibel (dB) high dynamic range (HDR) and LED flicker reduction. CornerPixel technology, which comprises a unique pixel structure that suppresses LED light over 90 hertz, is included. As a result of the rising use of photodiode sensors in automotive, consumer electronics, and other industries and the increasing number of new products in the Asia Pacific region, market growth is expected to accelerate over the estimated period.

Market Developments:

• In December 2020, Vishay Intertechnology launched a 4-quadrant silicon PIN photodiode in surface-mount packaging that is suitable for use in automotive applications. Four monolithic PIN diodes, each with an active area of 1.6 mm2, are included in the "AEC-Q101" approved device, which has just been released. Its surface-mount package measures 4.72 mm by 4.72 mm by 0.8 mm from the top.

Market Segmentation:

By Type

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

By Wavelength

• UV Spectrum
• Infrared Spectrum
• Visible Spectrum

By Material

• Silicon
• Germanium
• Gallium Phosphide
• Others

By End-User

• Automotives
• Consumer Electronics
• Medical
• Aerospace
• Others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• UK
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Taiwan
• Others