Photo Detector market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period. Photodetectors are also known as photo sensors and are light sensors or other electromagnetic radiation sensors. According to World Semiconductor Trade Statistics (WSTS), in the year 2021, the worldwide sensors market grew 28% to $19.1 billion because of increased demand from communications, automotive, and industrial segments and prices increased for the year and will continue to grow in the upcoming years at a higher rate. During the projected period, the market is likely to be driven by the increasing use of photo detectors in various sectors such as consumer electronics, aerospace, defense, and the automobile industry Currently, the demand for sensors that offer precise output is continuously increasing from different industries. Sensor manufacturers have been adding capacity for instance, in 2022, Bosch, the leading producer of sensors, announced in February it would invest $297 million to create additional production space at its Reutlingen, Germany fab for the production of sensors and other chips.
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The global photo detector market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). North American region holds a significant market because of the early adoption of new technology and the new innovation in the photo detectors market.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Photo Detectors Market by Product Type
- Photon detector
- Thermal detector
Global Photo Detectors Market by Type
- (Metal–Semiconductor–Metal) MSM photodetector
- Avalanche photodiode
- Phototubes & Photomultipliers
- Other Types (photodiode and phototransistor)
Global Photo Detectors Market by Application
- Consumer electronics
- Industrial equipment
- Aerospace and defense
- Automobile
- Other Applications(video imaging, optical communications)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Albis Optoelectronics AG
- BaySpec, Inc.
- Excelitas Technologies Corp.
- Honeywell International Inc.
- Leuze electronic Pvt. Ltd.
- LITE-ON Product Inc.
- Mirion Technologies, Inc.
- NTT Electronics Corp.
- Ophir Optronics Solutions Ltd.
- OSRAM Opto Semiconductors GmbH
- Panasonic Corp.
- ROHM CO. LTD.
- Texas Instruments Incorporated
- Thorlabs, Inc.
- Toshiba electronic devices & storage corp.
- Vishay Intertechnology, Inc.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Photo Detector market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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