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
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GaAs Photodiode Market: Key Drivers
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GaAs Photodiode Market: Regional Growth Dynamics
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
GaAs Photodiode Market, by Application
GaAs Photodiode Market, by End-use Industry
GaAs Photodiode Market, by Region
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