Silicon Photomultiplier Market Size was valued at USD 132.17 million in 2022 and is expected to reach USD 242.84 million by 2030, growing at a CAGR of 7.9% over the forecast period 2023-2030.
Silicon photomultiplier (SiPM) is a photodetector, which meets the problem of counting time, sensor, and measuring low light signals to a single image level. In general, silicon photomultiplier offers another excellent photomultiplier tube that combines the low light detection power of a photomultiplier tube with all the advantages of a solid-state sensor.
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KEY DRIVERS:
SiPMs are becoming more popular in LiDAR and 3D mapping technology.
In medical imaging, there is an increasing demand for silicon photomultipliers.
RESTRAINTS:
In a number of regions, SiPM technology has a low penetration rate.
OPPORTUNITIES:
SiPMs' ability to replace existing technologies.
Growing demand for SiPMs for radiation detection and monitoring.
CHALLENGES:
Acute silicon scarcity as a result of supply chain disruption during the COVID-19 pandemic.
The advent of COVID-19 has significantly affected the electronics and semiconductor sector. Business and production units in various countries were closed, due to an increase in the number of cases of COVID-19. In addition, the partial or complete lockdown has disrupted a global supply chain that creates challenges for manufacturers to reach customers. The COVID-19 epidemic is affecting society and the economy as a whole. The impact of this outbreak is growing day by day and is affecting businesses around the world. This problem creates uncertainty in the stock market, declining business confidence, a sharp decline in purchasing power, and increased panic among customer segments. Asian and European countries under the Lockdowns have severely lost business and revenue, due to the closure of production units in the region. The performance of the production and manufacturing industries has had a significant impact on the outbreak of COVID-19, leading to a significant growth in the silicon photomultiplier market revenue. The COVID-19 epidemic has had an impact on the electronics sector as the manufacturing sector has stagnated, which is also in high demand for industrial and semiconductor products in the industry. Its major impacts include major production disruptions throughout Europe, and disruptions in China's export sectors, which could disrupt the silicon photomultiplier market.
Based on Type, the silicon photomultiplier market is segmented into Analog Silicon Photomultiplier and Digital Silicon Photomultiplier.
The analog silicon photomultipliers have a large collection capacity and high-resolution detection capabilities, making them suitable for applications such as Cherenkov imaging, and Near Infra-Red Spectroscopy (NIRS). They are also used in other applications from medical thinking to flow cytometry. Most photodetectors have a higher signal-to-noise (SNR) signal than are required for flow cytometry applications. This excessive noise can limit cell filtration during histogram processing.
Based on End-User, the silicon photomultiplier market is segmented into Healthcare, Consumer Electronics and Telecommunications, Oil & Gas, Automotive, Aerospace, and Others.
The Consumer Electronics and Telecommunications industry has been growing rapidly over the past few years. During the COVID-19 epidemic, consumer electronics prices soared that it caused a shortage of silicon reserves. Silicon photomultipliers are used in various analytical tools such as scintillation detectors and fluorescence detectors. Increased demand for silicon photomultipliers for scintillation detectors for radiation and monitoring and the growing demand for SiPMs for underwater optical connections is expected to further market growth in this segment.
BY OFFERING
Near Ultraviolet Silicon Photomultiplier
Near Ultraviolet -HD Silicon Photomultiplier Technology
Near Ultraviolet -HD Cryo Silicon Photomultiplier Technology
Red, Green Blue Silicon Photomultiplier
Low-cell Count Red, Green Blue Silicon Photomultiplier
High-cell Count Red, Green Blue Silicon Photomultiplier
BY TYPE
Analog Silicon Photomultiplier
Digital Silicon Photomultiplier
BY APPLICATION
LiDAR And 3D Ranging
High Energy Physics
Flow Cytometry
BioPhotonics and Medical Imaging
Radiation Detection & Monitoring
BY END USER
Healthcare
Consumer Electronics and Telecommunications
Oil & Gas
Automotive
Aerospace
Others
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North America holds the largest share of the silicon photomultiplier market. North America presents a wide range of silicon photomultipliers to all verticals in the industry such as healthcare, automotive, consumer electronics and communications, aerospace, oil and gas, and more. Currently, the US has the largest market share of silicon photomultipliers in North America; this practice is expected to continue during the forecast period. Silicon photomultipliers are important components of imaging equipment such as PET scanners, X-ray machines, and MRI scanners. The rising cost of healthcare is causing great demand for healthcare equipment, and as a result, silicon photomultipliers are high in demand.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The key players in the Silicon Photomultiplier market are ON Semiconductor, Hamamatsu Photonics, KETEK, Cremat, Philips, TE connectivity, Broadcom, First Sensor, AdvanSiD, Excelitas Technologies, Radiation Monitoring Devices & Other Players
ON Semiconductor-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 132.17 Million |
| Market Size by 2030 | US$ 242.84 Billion |
| CAGR | CAGR of 7.9% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (Near Ultraviolet Silicon Photomultiplier, Near Ultraviolet -HD Silicon Photomultiplier Technology, Near Ultraviolet -HD Cryo Silicon Photomultiplier Technology, Red, Green Blue Silicon Photomultiplier, Low-Cell Count Red, Green Blue Silicon Photomultiplier, High-Cell Count Red, Green Blue Silicon Photomultiplier) • By Type (Analog Silicon Photomultiplier, Digital Silicon Photomultiplier) • By Application (Lidar And 3D Ranging, High Energy Physics, Flow Cytometry, BioPhotonics And Medical Imaging, Radiation Detection & Monitoring) • By End-User (Healthcare, Consumer Electronics, And Telecommunications, Oil & Gas, Automotive, Aerospace, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of the Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | ON Semiconductor, Hamamatsu Photonics, KETEK, Cremat, Philips, TE connectivity, Broadcom, First Sensor, AdvanSiD, Excelitas Technologies, Radiation Monitoring Devices, and Other companies. |
| Key Drivers | • SiPMs are becoming more popular in LiDAR and 3D mapping technology. • In medical imaging, there is an increasing demand for silicon photomultipliers. |
| Restraints | • In a number of regions, SiPM technology has a low penetration rate. |
The Silicon Photomultiplier Market size is USD 132.17 million in 2022.
The key players in the Silicon Photomultiplier market are ON Semiconductor, Hamamatsu Photonics, KETEK, Cremat, Philips, TE connectivity, Broadcom, First Sensor, AdvanSiD, Excelitas Technologies, Radiation Monitoring Devices, and other players.
The performance of the production and manufacturing industries has had a significant impact on the outbreak of COVID-19, leading to a significant growth in the silicon photomultiplier market revenue.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Silicon Photomultiplier Market Segmentation, by offering
8.1Introduction
8.2 Near Ultraviolet Silicon Photomultiplier
8.3 Near Ultraviolet -HD Silicon Photomultiplier Technology
8.4 Near Ultraviolet -HD Cryo Silicon Photomultiplier Technology
8.5 Red, Green Blue Silicon Photomultiplier
8.6 Low-cell Count Red, Green Blue Silicon Photomultiplier
8.7 High-cell Count Red, Green Blue Silicon Photomultiplier
9. Silicon Photomultiplier Market Segmentation, by type
9.1 Introduction
9.2 Analog Silicon Photomultiplier
9.3 Digital Silicon Photomultiplier
10. Silicon Photomultiplier Market Segmentation, by application
10.1 Introduction
10.2 LiDAR And 3D Ranging
10.3 High Energy Physics
10.4 Flow Cytometry
10.5 Bio Photonics and Medical Imaging
10.6 Radiation Detection & Monitoring
11. Silicon Photomultiplier Market Segmentation, by end-user
11.1 Introduction
11.2 Healthcare
11.3 Consumer Electronics and Telecommunications
11.4 Oil & Gas
11.5 Automotive
11.6 Aerospace
11.7 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13.Company Profiles
13.1 Hamamatsu Photonics
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 ON Semiconductor
13.3 KETEK
13.4 Cremat
13.5 Philips
13.6 TE connectivity
13.7 Broadcom
13.8 First Sensor
13.9 AdvanSiD
13.10 Excelitas Technologies
13.11 Radiation Monitoring Devices, Inc.
14.Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15.Conclusion
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