Redding, California, May 31, 2022 (GLOBE NEWSWIRE) — According to a new market research report titled, “Avalanche Photodiodes Market by Material (Silicon, InGaAs, Germanium, Others), Sales Channel (OEMs, Aftermarket), End User (Aerospace & Defense, Commercial, Healthcare, Industrial, Telecommunications, Others), and Geography – Forecast to 2029,’ the avalanche photodiodes market is expected to grow at a CAGR of 3.9% from 2022 to reach $218.2 million by 2029.
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Avalanche photodiodes or APDs are highly sensitive semiconductor devices converting optical signals into electrical signals. APDs operate under high reverse bias and 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…