INGAAS PHOTO DIODE SENSOR MARKET ANALYSIS

Regional Analysis

Asia Pacific is expected to hold dominant position in the global InGaAs photo diode sensor market during the forecast period.

Statistics:

Asia Pacific held dominant position in the global InGaAs Photo Diode Sensor Market in 2019, accounting for 52.9% share in terms of value, followed by Europe and North America.

Figure 1: Global InGaAs Photo Diode Sensor Market Share (%), By Region, 2019

Asia Pacific held dominant position in the global InGaAs photo diode sensor market in 2019 and is projected to retain its dominance throughout the forecast period, owing to rising adoption of medical imaging products for medical processes such as CT scans across the region, majorly in economies of the region such as Australia, India, China, and Vietnam. For instance, according to National Center for Biotechnology Information and U.S. National Library of Medicine, in Japan more than 29.9 million patients undergo CT scan annually. Moreover, as per the data published by Semiconductor Industry Association, in 2020, South Korea, Taiwan, Japan, and China accounted for 19%, 6%, 5%, and 5% respectively in the global semiconductor market. These countries hold top four positions in semiconductor industry driven by significant R&D spending and government support.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa