Avalanche Photodiode Market Worth $218.2 Million by 2029

According to a new market research report the avalanche photodiode market is expected to grow at a CAGR of 3.9% by value from 2022 to reach $218.2 million by 2029.

Avalanche photodiodes or APDs are highly sensitive semiconductor devices that convert optical signals into electrical signals. APDs are operated under high reverse bias. They require additional electronic elements apart from the photodiode. These types of photodiodes incorporate thermosensors to provide better stability. APDs use the four-channel trans-impedance amplifier for reduced noise, high impedance, and low power consumption.

These features make APDs suitable for use in LIDAR receivers. APDs are used in healthcare to monitor heart rate and facilitate other vital functions such as blood glucose monitoring, urine analysis, and dental diagnosis.

The growth of this market is driven by the rising demand for avalanche photodiodes in healthcare devices and the growing adoption of avalanche photodiodes in fiber optics. In addition, the growing demand for photonics is expected to create significant growth opportunities for the players operating in the avalanche photodiodes market.