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GaAs Photodiode Market to Gain Revenues from Extensive Uptake in Optical Communications; Market Valuation to Exceed US$ 102.47 Mn by 2031: TMR Study
- R&D in high-speed and high-responsivity GaAs PIN photodiodes to offer vast revenue gains; utilization in fiber communications to propel sales
- Asia Pacific to offer abundant opportunities to semiconductor companies; focus on designing cost-effective GaAs photodiodes presenting incremental avenues
ALBANY, N.Y., Jan. 26, 2022 /PRNewswire/ -- GaAs photodiode arrays have risen in use for high-speed fiber receiver and numerous monitoring applications such as DWDM monitors. The demand for optical fiber instruments with higher data transmission capacity has been driving design advancements in GaAs photodiodes. The global valuation of the market is projected to advance at CAGR of 3.7% during the forecast period 2021–2031.
Semiconductor device manufacturers are witnessing a new avenue on the back of need for cost-effective photodiodes for optical telecommunication, note analysts in an in-depth TMR study on the GaAs photodiode market. In particular, they are keen on adopting methods that prevent static electricity generation in opto-semiconductors.
Advancements in chip packaging for active optical cable (AOC) receiver have led to customization of chip dimension, notably to meet the requirements of multi-mode optical fiber, thus expanding the sales avenue in the GaAs photodiode market. Key end-use industries are IT & telecommunication, industrial, consumer electronics, and healthcare.
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Key Findings of GaAs Photodiode Market Study
- Demand for GaAs PIN Photodiodes in Optical Telecommunications: Advanced GaAs photodiodes are widely used in high-speed optical telecommunications, gigabit Ethernet, and fiber channels. High-speed photodetectors have especially grown in applications in broadband access networks with Terabyte capacity, thereby propelling the sales revenue for companies in the GaAs photodiode market.
The adoption of high speed and high responsivity GaAs PIN photodiodes has opened a new avenue, concurs analysts in an in-depth TMR study. End users benefit from a stable and sensitive response GaAs PIN photodiodes. The use of GaAs photodiodes in parallel optical interconnects (POI) applications is bolstering the revenue generation, finds an in-depth study on the GaAs photodiode market. - Increased Production Capabilities in GaAs Photodiodes to Offers Incremental Avenues: Players in the GaAs photodiode market are leaning on leveraging new technologies and business models for becoming agile in the wake of supply chain disruptions due to COVID-19 pandemic. They are thus likely to continue with high volume manufacturing of photodiodes in order to meet emerging demand in automotive, telecom, and semiconductor industry. Semiconductor companies notably in the U.S. and China have ramped up capacities in a bid to meet anticipated demand for optical telecommunication systems during the forecast period 2021–2031.
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GaAs Photodiode Market: Key Drivers
- The growing use cases of 5G in wireless communications is a key driver for R&D in high-speed communication systems diodes, assert analysts evaluating the drivers of the GaAs photodiode market.
- Spending by technology companies in hyperscale data centers is boosting the commercialization prospects for high-end optical materials and opto-semiconductors.
- Benefits such as low leakage current and increased radiation resistance are boosting the preference of GaAs over other wide bandgap materials have made GaAs photodiodes useful in X-ray and electron (beta particle) spectroscopy.
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GaAs Photodiode Market: Regional Growth Dynamics
- Asia Pacific held a major share of the global GaAs photodiodes market in 2020. The growing demand for high-speed data transmission (HDT) for industrial automation has cemented the revenue potential of the regional market.
- Semiconductor companies in China, Japan, and South Korea are witnessing massive lucrative opportunities in order to meet thriving demand for photodiodes in telecommunication and consumer electronics industries.
Global GaAs Photodiode Market: Key Players
Some of the prominent players in the market are II-VI Incorporated, Global Communication Semiconductors, LLC, Electro-Optics Technology Inc., Broadcom Inc., AMS Technologies AG, and Albis Optoelectronics AG.
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Global GaAs Photodiode Market: Segmentation
GaAs Photodiode Market, by Active Area Size
- Less than 70 µm
- 70 µm – 100 µm
- Above 100 µm
GaAs Photodiode Market, by Application
- Optical Detectors
- Laser Detectors
- Communication Devices
- Others (Televisions, Smoke Detectors, etc.)
GaAs Photodiode Market, by End-use Industry
- IT & Telecommunication
- Industrial
- Consumer Electronics
- Healthcare
- Others (Aerospace & Defense, Automotive, etc.)
GaAs Photodiode Market, by Region
- North America
- U.S.
- Canada
- Rest of America
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Japan
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
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