PUBLISHER: IMARC | PRODUCT CODE: 1287557
PUBLISHER: IMARC | PRODUCT CODE: 1287557
Silicon Photomultiplier (SiPM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global silicon photomultiplier (SiPM) market size reached US$ 130.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 190.5 Million by 2028, exhibiting a growth rate (CAGR) of 6.24% during 2023-2028.
The silicon photomultiplier (SiPM) refers to a solid-state photodetector device with single-photon sensitivity, photon counting capability, and quick response. It is a semiconductor device that generates an output current pulse in response to the absorption of a photon. It is widely used for sensing, timing, and quantifying low-light signals down to the single-photon level. It also offers advantages, such as low-voltage operation, excellent response uniformity, mechanical robustness, insensitivity to magnetic fields, high gain, and temperature stability. In recent years, SiPM has gained traction as an alternative to the traditional photomultiplier tube (PMT) due to its compact size and higher efficiency across numerous industries, including electronics, automotive, healthcare, IT and telecommunication, oil and gas, industrial, and aerospace.
Silicon Photomultiplier (SiPM) Market Trends:
SiPM is extensively employed in medical imaging, biophotonics, hazard and threat detection, high energy physics, light detection and ranging (LiDAR), and 3D mapping technology. As a result, the increasing product applications and significant growth in the end use sectors represent the primary factors driving the market growth. Additionally, the growing need for accurate diagnosis in the healthcare industry and the rising adoption of LiDAR technology in the aerospace and automotive sectors are augmenting the demand for silicon photomultiplier. Besides this, the widespread usage of the advanced driver assistance system (ADAS) and the surging sales of high-end vehicles are accelerating product adoption rates. Furthermore, the leading players are engaging in research and development (R&D) activities to launch innovative product variants to gain a competitive edge and expand their customer base. Other factors, including the shifting inclination toward semi-autonomous vehicles, the increasing number of nuclear power plants, the growing demand for product detection and imaging, and technological advancements, are also creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global silicon photomultiplier (SiPM) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, device type, application and industry vertical.
Breakup by Type:
NUV SiPM
RGB SiPM
Breakup by Device Type:
Analog SiPM
Digital SiPM
Breakup by Application:
LiDAR
Medical Imaging
High Energy Physics
Hazard and Threat Detection
Others
Breakup by Industry Vertical:
Automotive
Healthcare
IT and Telecommunication
Aerospace
Oil and Gas
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AdvanSiD, Berkeley Nucleonics Corporation, Broadcom Inc., Cremat Inc, Dynasil Corporation, Excelitas Technologies Corp., First Sensor AG (TE Connectivity), Hamamatsu Photonics K.K., John Caunt Scientific ltd., PicoQuant and Semiconductor Components Industries LLC.
Key Questions Answered in This Report
1. What was the size of the global silicon photomultiplier (SiPM) market in 2022?
2. What is the expected growth rate of the global silicon photomultiplier (SiPM) market during 2023-2028?
3. What are the key factors driving the global silicon photomultiplier (SiPM) market?
4. What has been the impact of COVID-19 on the global silicon photomultiplier (SiPM) market?
5. What is the breakup of the global silicon photomultiplier (SiPM) market based on the device type?
6. What is the breakup of the global silicon photomultiplier (SiPM) market based on the industry vertical?
7. What are the key regions in the global silicon photomultiplier (SiPM) market?
8. Who are the key players/companies in the global silicon photomultiplier (SiPM) market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Silicon Photomultiplier (SiPM) Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 NUV SiPMs
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 RGB SiPMs
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Device Type
- 7.1 Analog SiPMs
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Digital SiPMs
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Application
- 8.1 LiDAR
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Medical Imaging
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 High Energy Physics
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Hazard and Threat Detection
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Industry Vertical
- 9.1 Automotive
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Healthcare
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 IT and Telecommunication
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Aerospace
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Oil and Gas
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 AdvanSiD
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Berkeley Nucleonics Corporation
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Broadcom Inc.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.3.4 SWOT Analysis
- 15.3.4 Cremat Inc
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.5 Dynasil Corporation
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 Excelitas Technologies Corp.
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 First Sensor AG (TE Connectivity)
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.7.3 Financials
- 15.3.8 Hamamatsu Photonics K.K.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 John Caunt Scientific ltd.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.10 PicoQuant
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.11 Semiconductor Components Industries LLC
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.1 AdvanSiD
List of Figures
- Figure 1: Global: Silicon Photomultiplier Market: Major Drivers and Challenges
- Figure 2: Global: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 4: Global: Silicon Photomultiplier Market: Breakup by Type (in %), 2022
- Figure 5: Global: Silicon Photomultiplier Market: Breakup by Device Type (in %), 2022
- Figure 6: Global: Silicon Photomultiplier Market: Breakup by Application (in %), 2022
- Figure 7: Global: Silicon Photomultiplier Market: Breakup by Industry Vertical (in %), 2022
- Figure 8: Global: Silicon Photomultiplier Market: Breakup by Region (in %), 2022
- Figure 9: Global: Silicon Photomultiplier (NUV SiPMs) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Silicon Photomultiplier (NUV SiPMs) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Silicon Photomultiplier (RGB SiPM) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Silicon Photomultiplier (RGB SiPM) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Silicon Photomultiplier (Analog SiPMs) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Silicon Photomultiplier (Analog SiPMs) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Silicon Photomultiplier (Digital SiPMs) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Silicon Photomultiplier (Digital SiPMs) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Silicon Photomultiplier (LiDAR) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Silicon Photomultiplier (LiDAR) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Silicon Photomultiplier (Medical Imaging) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Silicon Photomultiplier (Medical Imaging) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Silicon Photomultiplier (High Energy Physics) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Silicon Photomultiplier (High Energy Physics) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Silicon Photomultiplier (Hazard and Threat Detection) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Silicon Photomultiplier (Hazard and Threat Detection) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Silicon Photomultiplier (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Silicon Photomultiplier (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Silicon Photomultiplier (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Silicon Photomultiplier (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Silicon Photomultiplier (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Silicon Photomultiplier (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Silicon Photomultiplier (IT and Telecommunication) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Silicon Photomultiplier (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Silicon Photomultiplier (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Silicon Photomultiplier (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Silicon Photomultiplier (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Silicon Photomultiplier (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Silicon Photomultiplier (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Silicon Photomultiplier (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: North America: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: North America: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: United States: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: United States: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Canada: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Canada: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Asia-Pacific: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Asia-Pacific: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: China: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: China: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Japan: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Japan: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: India: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: India: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: South Korea: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: South Korea: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Australia: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Australia: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Indonesia: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Indonesia: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Europe: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Europe: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Germany: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Germany: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: France: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: France: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: United Kingdom: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: United Kingdom: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Italy: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Italy: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Spain: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Spain: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Russia: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Russia: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Latin America: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Latin America: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Brazil: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Brazil: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Mexico: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Mexico: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Others: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Others: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Middle East and Africa: Silicon Photomultiplier Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Middle East and Africa: Silicon Photomultiplier Market: Breakup by Country (in %), 2022
- Figure 87: Middle East and Africa: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Global: Silicon Photomultiplier Industry: SWOT Analysis
- Figure 89: Global: Silicon Photomultiplier Industry: Value Chain Analysis
- Figure 90: Global: Silicon Photomultiplier Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Silicon Photomultiplier Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Silicon Photomultiplier Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Silicon Photomultiplier Market Forecast: Breakup by Device Type (in Million US$), 2023-2028
- Table 4: Global: Silicon Photomultiplier Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: Silicon Photomultiplier Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 6: Global: Silicon Photomultiplier Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Silicon Photomultiplier Market: Competitive Structure
- Table 8: Global: Silicon Photomultiplier Market: Key Players
