Global GaAs photodiodes market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of ~7% during the forecast period.
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Global GaAs photodiodes market Definition
Photodiode is a small electronic semiconductor device which is used to convert light into an electrical current. Photodiodes consist of built-in lenses, optical filters and have small or large surface areas. The GaAs photodiode is a gallium arsenide-based semiconductor light sensor which is widely used in various monitoring applications and in high speed fibre receivers.
Global GaAs photodiodes market Dynamics
A rising adoption of GaAs photodiodes in consumer electronic devices and in medical devices are the major driving factor behind the growth of the market. Growing adoption of GaAs photodiodes in telecommunication equipments, rising use of these photodiodes in the broad range of microwave photonics applications, increasing demand of low noise, high bandwidth and high performance based GaAs photodiodes and growing market for semiconductor manufacturing and electronics industry across the globe are expected to improve the growth of the market during the forecast period.
However, quick increase in temperature, small active area of photodiodes and need of offset voltage are the major restraining factors that could hamper the growth of the market.
Global GaAs Photodiodes Market: Segmentation Analysis
By industry, consumer electronics segment dominated the market in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. A rising adoption of GaAs photodiodes in consumer electronic devices such as in smoke detectors, compact disc players and in televisions and air conditioners for infrared remote-control devices is attributed to the growth of the market. In addition, rising significance of GaAs photodiodes in medical electronic devices such as in detectors in computed tomography process, in other medical instruments to analyze samples and in pulse oximeters are expected to enhance market growth during the forecast period.
Alternatively, telecommunication segment is projected to witness fast growth at a CAGR of XX% during the forecast period. A growing use of GaAs photodiodes in telecommunication equipments such as in optical LAN, OE converters and in various optical communication devices is impelling the growth of the market.
Global GaAs Photodiodes Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The countries such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the growing market for consumer electronics and semiconductor industry across the region.
Increasing demand for various consumer electronics products, rising market for telecom equipments, rising initiatives and investments by the governments of APAC countries and rising demand for GaAs photodiodes in light regulation and optical communication application are driving the growth of the market in the APAC region.
The objective of the report is to present a comprehensive analysis of the Global GaAs Photodiodes Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global GaAs Photodiodes Market dynamics, structure by analyzing the market segments and projects the Global GaAs Photodiodes Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global GaAs Photodiodes Market make the report investor’s guide.
The Scope of Global GaAs Photodiodes Market: Inquire before buying
Global GaAs Photodiodes Market, By Active Area Size
• Less than 70 µm
• 70 µm – 100 µm
• 100 µm & above
Global GaAs Photodiodes Market, By Application
• Smoke Detectors
• Camera Light Meters
• Medical Imaging Instruments
• Blood Gas Meters
• Communication Devices
Global GaAs Photodiodes Market, By Industry
• Consumer Electronics
Global GaAs Photodiodes Market, By Region
• North America
• Asia Pacific
• South America
• Middle East and Africa
Global GaAs Photodiodes Market, Key Players
• OSI Optoelectronics
• Kyoto Semiconductor Co., Ltd.
• Albis Optoelectronics AG
• Broadcom Inc.
• Global Communication Semiconductors, LLC
• Hamamatsu Photonics
• AMS Technologies AG
• Kyosemi Corporation
• Lasermate Group
• Electro-Optics Technology
• Ohm Technologies
• Bentham Instruments Ltd
• Fairchild Semiconductor
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