Global Semiconductor Photodetector Market
Semiconductor Photodetector Market size is evaluated at USD 1.1 billion in 2024 and is expected to reach USD 2.8 billion by the end of 2037, growing at a CAGR of 7.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of semiconductor photodetector is estimated at USD 1.23 billion.
Rising sales of consumer electronics devices such as smartphones, laptops, digital cameras, and other smart devices across the globe significantly drive the semiconductor photodetector market. According to the predictions of GSMA, over 4.3 billion individuals worldwide used smartphones in 2023 and the number is expected to rise upto 6.3 billion by the end of 2029. Photodetectors are used in these devices in applications including image sensing, proximity sensing along with ambient light detection. These photodetectors are also used in other sectors such as healthcare, automotive, telecommunications, and data centers for various applications.
Ongoing research on developing advanced products and technologies related to photodetectors to cater to the rising need for advanced safety and sensing features in smartphones, laptops, and other electronic devices is another factor expected to boost market growth. For instance, in September 2021, ABLIC announced the launch of S-82P1A/S-82P1B Series of 1-cell Battery Protection ICs to reduce heat generation of the printed circuit board.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
7.1% |
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Base Year Market Size (2024) |
USD 1.1 billion |
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Forecast Year Market Size (2037) |
USD 2.8 billion |
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Regional Scope |
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Type (PN Photodiodes, PIN Photodiodes, Avalanche Photodiodes, Schottky Photodiodes, Phototransistor, Others)
The avalanche photodiodes (APDs) segment in the semiconductor photodetector market is expected to register the highest revenue CAGR of 8.09% during the forecast period owing to the rising need for security solutions and rapid advancements in avalanche photodiodes. Avalanche photodiodes are used in low-light cameras and night vision systems in surveillance and security applications to enhance safety in low light.
In June 2021, University of Texas and University of Virginia engineers recently revealed the invention of avalanche photodiode devices, that operate similarly to a photomultiplier which might multiply incoming light impulses several times. In addition to this, in March 2022, Marktech announced the launch of advanced APDs suitable for short pulse, high speed and low light level detection in the range of 400 to 1100 nm.
Application (Consumer Electronics, Medical Devices, Automotive, Telecommunication, Aerospace & Defense, Others)
The telecommunication segment accounted for the largest share of 33% in 2024 and is expected to witness staggering growth during the forecast period owing to rapid advancements in telecommunications, particularly with the deployment of 5G networks. According to the GSMA 30 countries launched 5G services in 2023 and the number is expected to double by 2025.
Semiconductor photodetectors are widely used in optical communication systems due to their miniature size, high detection efficiency, and fast detection speed. The segment growth is also rising due to increasing investments in developing 5G-compatible semiconductor chips. For instance, in March 2023, Polymatech announced its plan to launch advanced semiconductor chips for 5G and 6G in India.
Our in-depth analysis of the global market includes the following segments:
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Material |
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Wavelength |
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APEJ Market Statistics
The semiconductor photodetector market in Asia Pacific excluding Japan is projected to gather the highest revenue of USD 1.19 billion by the end of 2037. This growth can be attributed to increasing industrialization and urbanization and rapid expansion of electronics and automotive sectors in as India, China, South Korea, and Japan.
The market in India is rapidly expanding due to increasing demand for smartphones, laptops, and other smart devices and rising investments in expanding semiconductor manufacturing. For instance, in 2020, Researchers at the autonomous Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR) in India, developed a thin slice-based, cost-effective wafer-scale photodetector for safety purposes that employs a gold-silicon interface.
In China, the market is expected to account for 51.6% share of the APEJ’s market between 2025 and 2037 owing to rising sales of electronic devices, rapid adoption of advanced technologies across various sectors, and increasing focus on developing advanced photodetectors. Demand for photodetectors is increasing substantially considering its critical role in industrial automation solutions such as machine vision, position sensing, object identification, and quality control.
North America Market Analysis
North America's semiconductor photodetector market is predicted to register a rapid revenue CAGR of 7.39% during the forecast period owing to increasing semiconductor manufacturing, rapid advancements in automotive safety systems, and rising investments in R&D activities to develop advanced products and technologies in U.S., Canada, and Mexico.
The U.S market is rapidly expanding due to the presence of an established automotive industry and ongoing research on developing advanced systems. The Semiconductor Industry Association (SIA) partnered with Boston Consulting Group and released a report in May 2024 that states the U.S. will triple its semiconductor manufacturing capacity by 2032. Such innovations and strategies are expected to drive market in the U.S in the coming years.
The market in Canada is growing due to increasing spending on military and defense and rising sales of consumer electronics. Additionally, in response to the increasing pressure to take measures on sustainability, semiconductor companies in Canada are organizing and setting up objectives to become environmentally friendly.
The global semiconductor photodetector market is highly competitive and dynamic, driven by advanced technologies and expanding applications of semiconductor photodetectors across various sectors including, consumer electronics, automotive, healthcare, and aerospace and defense. Key players in the market are focused on developing advanced technologies and products and maintaining their market position by adopting several strategies such as product launches, joint ventures, mergers and acquisitions, and partnerships. Some of the key players include:
Author Credits: Abhishek Verma
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