Global Silicon Photomultiplier Market Size, Share, Trends, Industry Growth by Offering (Near Ultraviolet SiPM, Red, Green Blue SiPM), by Type (Analog, Digital), by Application, by End-User, by Region, and Forecast to 2028

Price: 3795/- USD | Published Date: March 15, 2022 |

The global silicon photomultiplier market size is expected to experience a robust CAGR of around 8% during the forecast period and was estimated at over USD 120 million in 2021. The increasing demand for the product in medical imaging and the widespread use in LiDAR and 3D mapping are some of the major factors to drive the market growth. Furthermore, the growing trend of semi-autonomous vehicles is expected to increase the demand for LiDAR technology which is further expected to fuel the market growth. Many countries are investing in radiation detection technologies for their border safety. The surge in demand for the silicon photomultiplier for radiation detection and monitoring is expected to fuel the market growth over the forecast period.

Market Insights:

The global silicon photomultiplier market is bifurcated into the offering, type, application, end-user, and geography. On the basis of type, the market is further segmented into digital and analog silicon photomultipliers. The analog segment dominated the global market in 2020 and is expected to grow at the same trend over the forecast period. The wide area coverage capability and the high detection efficiency are some major factors to drive the segment growth. Furthermore, the increasing uses of the analog silicon photomultipliers in medical imaging and near-infrared spectroscopy are further expected to fuel the segment growth over the forecast period.

On the basis of end-user, the global silicon photomultiplier market is segmented into healthcare, automotive, consumer electronics and telecommunications, aerospace, and others. The healthcare segment is accounted to hold the largest market share in 2021 and is expected to grow at the same trend over the forecast period. The increasing use of the product in medical imaging is one of the major factor to drive the segment growth. On the other side, the consumer electronics and telecommunication segment is expected to grow at the fastest growth rate over the forecast period. The rapid growth in the consumer electronics industry and the growing telecommunication sector is expected to increase the demand for silicon photomultiplier, which is a significant factor to drive the segment growth over the forecast period.

Silicon Photomultiplier Market Size & Share

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The silicon photomultiplier comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The silicon photomultiplier market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Global Silicon Photomultiplier Market Segmentation:

Silicon Photomultiplier Market Segmentation by Offering:

  • Near Ultraviolet Silicon Photomultiplier
  • Red, Green Blue Silicon Photomultiplier

Silicon Photomultiplier Market Segmentation by Type:

  • Analog Silicon Photomultiplier
  • Digital Silicon Photomultiplier

Silicon Photomultiplier Market Segmentation by Application:

  • LiDAR and 3D Ranging
  • Bio Photonics and Medical Imaging
  • High Energy Physics
  • Radiation Detection & Monitoring
  • Flow Cytometry

Silicon Photomultiplier Market Segmentation by End-User:

  • Healthcare
  • Automotive
  • Consumer Electronics & Telecommunications
  • Aerospace
  • Oil & Gas
  • Others

Silicon Photomultiplier Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Silicon Photomultiplier Market: Geographic Coverage

Geographically, North America dominated the global silicon photomultiplier market in 2021 and is expected to maintain its dominance over the forecast period. The widespread use of the product in various end-use industries such as automotive, healthcare, aerospace, consumer electronics, and telecommunication is a major factor to drive the market growth in the region. The increasing expenditure on healthcare infrastructure is further anticipated to fuel the market growth in North America. On the flip side, the Asia Pacific is expected to register the fastest growth rate over the forecast period. The emerging economic conditions in developing countries India, Japan, and China and the increasing investment in nuclear power plants are expected to drive the market growth in the region.

Silicon Photomultiplier Market: Competitive Assessment

Some of the major market players operating in the global silicon photomultiplier market are ON Semiconductor, Hamamatsu Photonics, Broadcom Inc., KETEK GmbH, and First Sensor. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • ON Semiconductor
  • Hamamatsu Photonics
  • Broadcom Inc.
  • KETEK GmbH
  • First Sensor
  • Cremat Inc.
  • AdvanSiD
  • Excelitas Technologies
  • Radiation Monitoring Devices, Inc.
  • TE connectivity

Key Questions Answered by Silicon Photomultiplier Market Report

  • Global silicon photomultiplier market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Silicon photomultiplier submarket forecasts from 2022-2028 covering the market by offering, by type, by application, by end-user, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level silicon photomultiplier markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Silicon Photomultiplier Market Portraiture
2.2. Global Silicon Photomultiplier Market, by Offering, 2021 (USD Mn)
2.3. Global Silicon Photomultiplier Market, by Type, 2021 (USD Mn)
2.4. Global Silicon Photomultiplier Market, by Application, 2021 (USD Mn)
2.5. Global Silicon Photomultiplier Market, by End-User, 2021 (USD Mn)
2.6. Global Silicon Photomultiplier Market, by Geography, 2021 (USD Mn)

 

3. Global Silicon Photomultiplier Market Analysis


3.1. Silicon Photomultiplier Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Silicon Photomultiplier Market By Offering, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Near Ultraviolet Silicon Photomultiplier
4.3. Red, Green Blue Silicon Photomultiplier

 

5. Global Silicon Photomultiplier Market By Type, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Analog Silicon Photomultiplier
5.3. Digital Silicon Photomultiplier

 

6. Global Silicon Photomultiplier Market By Application, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. LiDAR And 3D Ranging
6.3. Bio Photonics and Medical Imaging
6.4. High Energy Physics
6.5. Radiation Detection & Monitoring
6.6. Flow Cytometry

 

7. Global Silicon Photomultiplier Market By End-User, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. Healthcare
7.3. Automotive
7.4. Consumer Electronics and Telecommunications
7.5. Aerospace
7.6. Oil & Gas
7.7. Others

 

8. North America Silicon Photomultiplier Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1.1. Overview
8.1.2. North America Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
8.1.3. North America Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
8.1.4. North America Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
8.1.5. North America Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
8.1.6. North America Silicon Photomultiplier Market by Country (2019-2028 USD Mn)
8.1.6.1. U.S.
8.1.6.1.1. U.S. Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
8.1.6.1.2. U.S. Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
8.1.6.1.3. U.S. Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
8.1.6.1.4. U.S. Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
8.1.6.2. Canada
8.1.6.2.1. Canada Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
8.1.6.2.2. Canada Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
8.1.6.2.3. Canada Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
8.1.6.2.4. Canada Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)

 

9. Europe Silicon Photomultiplier Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1.1. Overview
9.1.2. Europe Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
9.1.3. Europe Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
9.1.4. Europe Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
9.1.5. Europe Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
9.1.6. Europe Silicon Photomultiplier Market by Country (2019-2028 USD Mn)
9.1.6.1. Germany
9.1.6.1.1. Germany Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
9.1.6.1.2. Germany Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
9.1.6.1.3. Germany Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
9.1.6.1.4. Germany Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
9.1.6.2. U.K.
9.1.6.2.1. U.K. Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
9.1.6.2.2. U.K. Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
9.1.6.2.3. U.K. Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
9.1.6.2.4. U.K. Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
9.1.6.3. France
9.1.6.3.1. France Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
9.1.6.3.2. France Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
9.1.6.3.3. France Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
9.1.6.3.4. France Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
9.1.6.4. Italy
9.1.6.4.1. Italy Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
9.1.6.4.2. Italy Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
9.1.6.4.3. Italy Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
9.1.6.4.4. Italy Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
9.1.6.5. Rest of Europe
9.1.6.5.1. Rest of Europe Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
9.1.6.5.2. Rest of Europe Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
9.1.6.5.3. Rest of Europe Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
9.1.6.5.4. Rest of Europe Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)

 

10. Asia Pacific Silicon Photomultiplier Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1.1. Overview
10.1.2. Asia Pacific Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
10.1.3. Asia Pacific Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
10.1.4. Asia Pacific Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
10.1.5. Asia Pacific Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
10.1.6. Asia Pacific Silicon Photomultiplier Market by Country (2019-2028 USD Mn)
10.1.6.1. China
10.1.6.1.1. China Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
10.1.6.1.2. China Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
10.1.6.1.3. China Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
10.1.6.1.4. China Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
10.1.6.2. Japan
10.1.6.2.1. Japan Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
10.1.6.2.2. Japan Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
10.1.6.2.3. Japan Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
10.1.6.2.4. Japan Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
10.1.6.3. India
10.1.6.3.1. India Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
10.1.6.3.2. India Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
10.1.6.3.3. India Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
10.1.6.3.4. India Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
10.1.6.4. Rest of Asia Pacific
10.1.6.4.1. Rest of Asia Pacific Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
10.1.6.4.2. Rest of Asia Pacific Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
10.1.6.4.3. Rest of Asia Pacific Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
10.1.6.4.4. Rest of Asia Pacific Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)

 

11. Latin America (LATAM) Silicon Photomultiplier Market Analysis and Forecast, 2019 – 2028 (USD Mn)


11.1.1. Overview
11.1.2. Latin America Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
11.1.3. Latin America Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
11.1.4. Latin America Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
11.1.5. Latin America Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
11.1.6. Latin America Silicon Photomultiplier Market by Country (2019-2028 USD Mn)
11.1.6.1. Brazil
11.1.6.1.1. Brazil Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
11.1.6.1.2. Brazil Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
11.1.6.1.3. Brazil Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
11.1.6.1.4. Brazil Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
11.1.6.2. Mexico
11.1.6.2.1. Mexico Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
11.1.6.2.2. Mexico Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
11.1.6.2.3. Mexico Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
11.1.6.2.4. Mexico Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
11.1.6.3. Rest of Latin America
11.1.6.3.1. Rest of Latin America Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
11.1.6.3.2. Rest of Latin America Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
11.1.6.3.3. Rest of Latin America Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
11.1.6.3.4. Rest of Latin America Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)

 

12. Middle East and Africa Silicon Photomultiplier Market Analysis and Forecast, 2019 – 2028 (USD Mn)


12.1.1. Overview
12.1.2. MEA Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
12.1.3. MEA Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
12.1.4. MEA Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
12.1.5. MEA Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
12.1.6. Middle East and Africa Silicon Photomultiplier Market, by Country (2019-2028 USD Mn)
12.1.6.1. GCC
12.1.6.1.1. GCC Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
12.1.6.1.2. GCC Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
12.1.6.1.3. GCC Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
12.1.6.1.4. GCC Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
12.1.6.2. South Africa
12.1.6.2.1. South Africa Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
12.1.6.2.2. South Africa Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
12.1.6.2.3. South Africa Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
12.1.6.2.4. South Africa Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)
12.1.6.3. Rest of MEA
12.1.6.3.1. Rest of MEA Silicon Photomultiplier Market by Offering (2019-2028 USD Mn)
12.1.6.3.2. Rest of MEA Silicon Photomultiplier Market by Type (2019-2028 USD Mn)
12.1.6.3.3. Rest of MEA Silicon Photomultiplier Market by Application (2019-2028 USD Mn)
12.1.6.3.4. Rest of MEA Silicon Photomultiplier Market by End-User (2019-2028 USD Mn)

 

13. Company Profiles


13.1. ON Semiconductor
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Hamamatsu Photonics
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Broadcom Inc.
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. KETEK GmbH
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. First Sensor
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Cremat Inc.
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. AdvanSiD
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Excelitas Technologies
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Radiation Monitoring Devices, Inc.
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. TE connectivity
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
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