The latest research study “Silicon Photomultiplier Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global silicon photomultiplier (SiPM)market reached a value of US$ 120.8 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 179.2 Million by 2027 exhibiting a CAGR of 6.50% during 2022-2027.
Silicon Photomultiplier Industry Overview :
A photodetector that improves the sensitivity and timeliness of photodetection applications is the silicon photomultiplier (SiPM). Timing, detecting, and quantifying low-light signals onto a single-photon level are the topics it addresses. SiPM has advantages over bulky photomultiplier tubes, including the ability to detect light in the near-infrared to near-ultraviolet spectrum and increased efficiency. Additionally, it has the capacity to recognise a wide range of images in numerous contexts, including hazard and threat identification, medical imaging, and LiDAR. SiPM is therefore used in a variety of sectors including electronics, automotive, healthcare, IT and telecommunication, oil and gas, industrial, and aerospace.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Silicon Photomultiplier (SiPM) Market Trends and Drivers:
The market is primarily driven by the significant growth of the healthcare industry. The increasing need for accurate diagnosis of patients across hospitals and healthcare centers are fueling the market growth.
Moreover, advancements in quantum technologies are increasing the adoption of SiPM in quantum optics, quantum information research, and two-photon imaging, thus creating a positive market outlook. Over the years, the field of photonics has established itself as an optimal platform for high transmission rates and robustness of optical states against decoherence effects, which is facilitating market growth.
Furthermore, huge investments in research and development (R&D) activities, the growing demand for product detection and imaging, and the shifting inclination toward semi-autonomous vehicles are also anticipated to propel market growth in the upcoming years.
|Silicon Photomultiplier (SiPM) Market Report Scope|
|Market size value in 2021||US$ 120.8 Million|
|Market forecast in 2027||US$ 179.2 Million|
|Growth Rate||CAGR of 6.50% from 2022 to 2027|
|Base year for estimation||2021|
Global Silicon Photomultiplier (SiPM) Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, type, device type, application and industry vertical.
Breakup by Type:
- NUV SiPM
- RGB SiPM
Breakup by Device Type:
- Analog SiPM
- Digital SiPM
Market Breakup by Application:
- Medical Imaging
- High Energy Physics
- Hazard and Threat Detection
Breakup by Industry Vertical:
- IT and Telecommunication
- Oil and Gas
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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