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Silicon Photomultiplier (SiPM) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 145 pages | ID: S5C7378A910BEN
IMARC Group

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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?
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 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

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


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