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.
Author Credits: Abhishek Verma
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