The extensive uses of photodiode sensors in the medical instruments including spectroscopic, medical imagining, pulse oximetry and several others are driving the growth of photodiode sensors. In addition, the growing demand of photodiode sensors in the various end use industries such as, Aerospace and defense, healthcare, Telecommunication, Consumer Electronics, automotive and others is likely to boost the growth of photodiode sensors market. Furthermore, the photodiode sensors are rapidly used in the portable barcode scanners used in the retail industry to provide the businesses tracks of high volume of information. Growing use of portable barcode scanners in the retail industry is expected escalate the market growth in upcoming years.
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However, photodiode sensor requires high operating voltage and it has low response time at large distance that may restrain the growth of photodiode sensors. Moreover, ongoing innovations and developments on the optical sensing sectors are projected to create more opportunities for the photodiode sensors over the forecast period.
Asia Pacific to dominate the photodiode sensor market
Among the geographies, Asia pacific dominates the market of photodiode market followed by Europe. Growing consumer electronics and telecommunication industries in the Asia pacific region drives the market of photodiode sensors in this region.
Opto Tech, Tyntek rely on silicon sensor chips for business growth
In July 2018, LED epitaxial wafer and chip makers Opto Tech and Tyntek expect silicon sensor chips to be the main source of business growth in the future and therefore they have expanded production capacities for the product line. Opto Tech produces silicon sensor chips mainly consisting of photo diode chips, photo transistor chips and Zener diode chips, with such chips mainly used in smart wearable devices as well as automotive lighting.