Semiconductor Photodetector Industry - Regional Synopsis
APEJ Market Statistics
Asia Pacific region excluding Japan is likely to capture semiconductor photodetector market share of around 44% 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.
