Photodiode Market Report 2025 (Global Edition)

Global Photodiode Market Report 2025 Market Size Split by Type (PN Photodiodes, PIN Photodiodes, Avalanche Photodiodes, Schottky Photodiodes), by Material (Silicon (Si), Germanium (Ge), Gallium Phosph...

Photodiode Market Report Description

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Photodiode Market Insights Video

Competitive Landscape of the Photodiode Market

The competitive landscape of the photodiode market features key players focusing on innovation, offering high-performance photodiodes tailored to diverse applications such as medical imaging, telecommunications, and industrial automation. Market competition is driven by advancements in semiconductor technology, miniaturization, and integration of photodiodes in IoT devices. Strategic partnerships, mergers, and product development initiatives help companies strengthen their global presence and maintain competitiveness in this evolving market.

In November 2022, Vishay Intertechnology Inc. demonstrated its portfolio of reliable and energy-efficient electronic components, known as the DNA of technology, at Electronica 2022. It displayed its photodiodes and hybrid energy storage capacitors. Also, it demonstrated its new photodiodes, which can power a Bluetooth low-energy transmitter to transmit data to an Android device. (Source: https://ir.vishay.com/news-releases/news-release-details/vishay-intertechnology-brings-dna-techtm-electronica-2022) In April 2023, Excelitas Technologies Corp., a leading industrial technology provider of innovative photonic solutions, launched the C30733BQC-01 InGaAs avalanche photodiode. This device offers a high gain, fast recovery time, and low noise performance, making it ideal for advanced telecommunication test equipment, optical communication, distributed fiber sensing, and LiDAR applications in smart cities and smart factories. (Source: https://www.excelitas.com/press-release/excelitas-technologies-unveils-c30733bqc-01-ingaas-avalanche-photodiode-featuring) In February 2024, ams OSRAM showcase its latest generation of the SFH 2704 photodiode, the SFH 2704A chip LED and newest addition to the Mira product family, the Mira016 CMOS image sensor. AMS OSRAM is expanding its vital signs monitoring portfolio with the Chip LED, SFH 2704A photodiode. With the same footprint of 2.0 mm x 1.8 mm as its predecessor SFH 2704, the SFH 2704A scores with higher performance: The SFH 2704A improves the relative sensitivity at 530 nm green by about 27 percent and the relative sensitivity at 660 nm red by about eight percent. (Source: https://ams-osram.com/news/media-update/photonics-west-2024)

Top Companies Market Share in Photodiode Industry: (In no particular order of Rank)

• Excelitas Technologies Corp.
• First Sensor AG (TE Connectivity)
• Global Communication Semiconductors LLC
• Hamamatsu Photonics KK.
• Kyoto Semiconductor Co. Ltd.
• Laser Components (Photona GmbH)
• Lumentum Operations LLC
• Luna Innovations
• OSI Systems Inc.
• Renesas Electronics Corporation
• SiFotonics Technologies Co. Ltd.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Photodiode Market

Which Region Dominates the Photodiode Market in 2024?

According to Cognitive Market Research, North America currently dominates the Photodiodes market, and the region is expected to have significant growth during the projected period due to its strong presence in advanced industries like telecommunications, healthcare, and aerospace, which heavily rely on photodiode technologies.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to the region's booming consumer electronics industry, increasing adoption of IoT devices, and expanding telecommunications infrastructure.

The current report Scope analyzes Photodiode Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Photodiode

According to Cognitive Market Research, the global Photodiode market size was estimated at USD 715.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 286.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Photodiode market with a market size of USD 225.81 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period due to the growing adoption of IoT devices requiring efficient light-sensing solutions.
• The Canada Photodiode market had a market share of USD 34.34 million in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period due to automation in various industries.
• The Mexico Photodiode market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 26.04 million in 2024.

Europe Photodiode

According to Cognitive Market Research, the global Photodiode market size was estimated at USD 715.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 214.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.

• The United Kingdom Photodiode market had a market share of USD 36.06 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. In the UK, Photodiode sales witness an upswing due to the increasing demand for advanced sensing technologies in telecommunications, automotive applications, and healthcare.
• The France Photodiode market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 19.75 million in 2024.
• According to Cognitive Market Research, the German Photodiode market size was valued at USD 42.50 million in 2024 and is projected to grow at a CAGR of 6.9% during the forecast period. In Germany, Photodiode surged due to the robust investments in research and development for innovative optoelectronic solutions.
• The Italy Photodiode market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 18.46 million in 2024.
• The Russian photodiode market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 33.27 million in 2024.
• The Spain Photodiode market is projected to witness growth at a CAGR of 5.8% during the forecast period with a market size of USD 17.60 million in 2024
• The Luxembourg Photodiode market is projected to witness growth at a CAGR of 6.8% during the forecast period, with a market size of USD 6.65 million in 2024.
• The Portugal Photodiode market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 4.51 million in 2024.
• The Greece Photodiode market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 2.58 million in 2024.
• The Rest of Europe's Photodiode market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 33.27 million in 2024.

Asia Pacific Photodiode

According to Cognitive Market Research, the global Photodiode market size was estimated at USD 715.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 164.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Photodiode market size was valued at USD 74.05 million in 2024 and is projected to grow at a CAGR of 9.7% during the forecast period. Photodiode surged in China due to the increasing demand for consumer electronics.
• The Japan Photodiode market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 22.71 million in 2024.
• The India Photodiode market had a market share of USD 19.75 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period due to the significant investments in telecommunications and automation sectors .
• The South Korean Photodiode market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 16.46 million in 2024.
• The Australian Photodiode market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 8.56 million in 2024.
• The South East Asia Photodiode market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 11.35 million in 2024.
• The Rest of Asia Pacific Photodiode market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 11.68 million in 2024.

South America Photodiode

According to Cognitive Market Research, the global Photodiode market size was estimated at USD 715.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 35.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Photodiode market size was valued at USD 15.31 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. Photodiodes flourished in Brazil due to the growth of the renewable energy sector.
• Argentina's Photodiode market had a market share of USD 6.01 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period due to the rising applications in industrial automation and medical devices.
• Colombia Photodiode market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 3.18 million in 2024.
• Peru Photodiode market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 2.93 million in 2024.
• Chile Photodiode market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 2.58 million in 2024.
• The Rest of Latin America's Photodiode market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 5.76 million in 2024.

Middle East Photodiode

According to Cognitive Market Research, the global Photodiode market size was estimated at USD 715.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 14.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031..

• The GCC Countries Photodiode market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 6.12 million in 2024. Photodiode sales flourish due to the growing demand for automation in industries.
• The Egypt Photodiode market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 1.50 million in 2024.
• The South Africa Photodiode market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 2.26 million in 2024. Photodiode sales flourished in South Africa due to the rising applications in healthcare and environmental monitoring technologies.
• The Turkey Photodiode market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 1.23 million in 2024.
• The Nigeria Photodiode market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 1.50 million in 2024.
• The Rest of the MEA Photodiode market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 1.69 million in 2024.

Photodiode Market Analysis

Photodiode Market Type Segment Analysis

According to Cognitive Market Research, PIN photodiodes are likely to dominate the Photodiode Market over the forecast period due to their high sensitivity, fast response time, and wide bandwidth, making them ideal for applications like fiber-optic communications, medical imaging, and high-speed detectors, where precise and efficient light detection is essential.

The avalanche photodiode is the fastest-growing segment in the Photodiode Market due to their high sensitivity and fast response times, making them ideal for applications in telecommunications, medical imaging, and LiDAR systems, where precision light detection is critical.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Photodiode Industry. Request a Free Sample PDF!

Photodiode Market Material Segment Analysis

According to Cognitive Market Research, the silicon (Si) segment holds the largest share of the market due to its high sensitivity to visible and near-infrared light, low production cost, and widespread use in consumer electronics, medical devices, and industrial applications, making it the preferred material for diverse photodiode applications.

In the Photodiode Market, the indium gallium arsenide (InGaAs) sector has been expanding at a rapid pace due to its superior sensitivity to infrared light, making it ideal for advanced applications like telecommunications, spectroscopy, and imaging, particularly in high-performance and industrial sectors.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Photodiode Mode of Operation Segment Analysis

Photodiode Market Mode of Operation Segment Analysis

According to Cognitive Market Research, the photoconductive mode segment holds the largest market share due to its faster response time and high efficiency in converting light into electrical signals, making it ideal for high-speed applications like optical communications, medical imaging, and industrial sensing where quick signal processing is essential.

In the Photodiode market, the rapidly growing sector is the photovoltaic mode category due to its efficient light-to-electricity conversion, making it ideal for solar energy harvesting, optical communication, and sensing applications where low noise and high accuracy are critical.

• Photovoltaic Mode
• Photoconductive Mode

Photodiode End User Segment Analysis

Photodiode Market End User Segment Analysis

According to Cognitive Market Research, the consumer electronics segment dominates the market due to their extensive use of devices like smartphones, cameras, and sensors. The demand for high-quality imaging and efficient light detection in these products drives significant growth and innovation in photodiode technology.

Healthcare is projected to be the fastest-growing segment in the Photodiode market due to increasing demand for advanced medical devices, such as diagnostic imaging and monitoring systems. Photodiodes enhance accuracy and efficiency in light detection, driving their adoption in various healthcare applications.

• Consumer Electronics
• Telecommunications
• Healthcare
• Aerospace & Defense

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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