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Silicon Photomultiplier Market Report by Type, Device Type, Application, Industry Vertical, and Region 2024-2032

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    Report

  • 135 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5769186
Description Jump to:
The global silicon photomultiplier (SiPM) market size reached US$ 139.0 Million in 2023. Looking forward, the market is projected to reach US$ 229.6 Million by 2032, exhibiting a growth rate (CAGR) of 5.73% during 2023-2032.

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

This report 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 2024-2032. The 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 2023?
2. What is the expected growth rate of the global silicon photomultiplier (SiPM) market during 2024-2032?
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
10.2 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
10.3 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
10.4 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
10.5 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
List of Figures
Figure 1: Global: Silicon Photomultiplier Market: Major Drivers and Challenges
Figure 2: Global: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Silicon Photomultiplier Market: Breakup by Type (in %), 2023
Figure 5: Global: Silicon Photomultiplier Market: Breakup by Device Type (in %), 2023
Figure 6: Global: Silicon Photomultiplier Market: Breakup by Application (in %), 2023
Figure 7: Global: Silicon Photomultiplier Market: Breakup by Industry Vertical (in %), 2023
Figure 8: Global: Silicon Photomultiplier Market: Breakup by Region (in %), 2023
Figure 9: Global: Silicon Photomultiplier (NUV SiPMs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Silicon Photomultiplier (NUV SiPMs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Silicon Photomultiplier (RGB SiPM) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Silicon Photomultiplier (RGB SiPM) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Silicon Photomultiplier (Analog SiPMs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Silicon Photomultiplier (Analog SiPMs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Silicon Photomultiplier (Digital SiPMs) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Silicon Photomultiplier (Digital SiPMs) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Silicon Photomultiplier (LiDAR) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Silicon Photomultiplier (LiDAR) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Silicon Photomultiplier (Medical Imaging) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Silicon Photomultiplier (Medical Imaging) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Silicon Photomultiplier (High Energy Physics) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Silicon Photomultiplier (High Energy Physics) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Silicon Photomultiplier (Hazard and Threat Detection) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Silicon Photomultiplier (Hazard and Threat Detection) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Silicon Photomultiplier (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Silicon Photomultiplier (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Silicon Photomultiplier (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Silicon Photomultiplier (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Silicon Photomultiplier (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Silicon Photomultiplier (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Silicon Photomultiplier (IT and Telecommunication) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Silicon Photomultiplier (IT and Telecommunication) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Silicon Photomultiplier (Aerospace) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Silicon Photomultiplier (Aerospace) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Silicon Photomultiplier (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Silicon Photomultiplier (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Silicon Photomultiplier (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Silicon Photomultiplier (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: North America: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: North America: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: United States: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: United States: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Canada: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Canada: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Asia-Pacific: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Asia-Pacific: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: China: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: China: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Japan: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Japan: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: India: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: India: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: South Korea: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: South Korea: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Australia: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Australia: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Indonesia: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Indonesia: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Others: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Others: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Europe: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Europe: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Germany: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Germany: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: France: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: France: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: United Kingdom: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: United Kingdom: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Italy: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Italy: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Spain: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Spain: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Russia: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Russia: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Others: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Others: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Latin America: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Latin America: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Brazil: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Brazil: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Mexico: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Mexico: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Others: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Others: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Middle East and Africa: Silicon Photomultiplier Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Middle East and Africa: Silicon Photomultiplier Market: Breakup by Country (in %), 2023
Figure 87: Middle East and Africa: Silicon Photomultiplier Market Forecast: Sales Value (in Million US$), 2024-2032
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, 2023 and 2032
Table 2: Global: Silicon Photomultiplier Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Silicon Photomultiplier Market Forecast: Breakup by Device Type (in Million US$), 2024-2032
Table 4: Global: Silicon Photomultiplier Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 5: Global: Silicon Photomultiplier Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 6: Global: Silicon Photomultiplier Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Silicon Photomultiplier Market: Competitive Structure
Table 8: Global: Silicon Photomultiplier Market: Key Players

Companies Mentioned

  • 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
  • Semiconductor Components Industries LLC

Methodology

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Table Information

Report AttributeDetails
No. of Pages135
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 139 Million
Forecasted Market Value ( USD ) by 2032 $ 229.6 Million
Compound Annual Growth Rate5.7%
Regions CoveredGlobal
No. of Companies Mentioned11

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