image

Silicon Photomultiplier Market Report Scope & Overview:

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.

Silicon Photomultiplier Market Revenue Analysis

Get more information on Silicon Photomultiplier Market - Request Sample Report

MARKET DYNAMICS:

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. 

IMPACT OF COVID-19:

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.

MARKET SEGMENTATION:

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

Silicon Photomultiplier Market Segmentation Analysis

Get Customized Report as per your Business Requirement - Request For Customized Report

REGIONAL ANALYSIS:

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

COMPETITIVE LANDSCAPE:

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

Company Landscape Analysis

Silicon Photomultiplier Market Report Scope:

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.

Frequently Asked Questions

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

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone