Photodiode Sensors Market Size

Photodiode Sensors Market size was over USD 590.8 Million in 2023 and is likely to cross USD 1.7 Billion by the end of 2036, growing at more than 7.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of photodiode sensor is assessed at USD 700.2 Billion.The driver behind the fueling of the photodiode sensors market is the photodiode’s diverse applications due to properties such as high sensitivity, fast rise time with low capacitance, and high gain at a low bias voltage. The responsivity of the photodiode ranges between 0.08 amp per A/W for 400 nm and 0.48 A/W for 700 nm, thus enabling the absorption of maximum photos.