A recent report published by
Infinium Global Research on silicon photomultiplier market provides in-depth
analysis of segments and sub-segments in the global as well as regional silicon
photomultiplier market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional silicon photomultiplier market
over the short term as well as long term. The report is a comprehensive
presentation of trends, forecasts, and dollar values of the global silicon
photomultiplier market. According to the report, the global silicon
photomultiplier market is projected to grow at a healthy CAGR over the forecast
period of 2020-2026.
Silicon photomultipliers often
known as SiPMs or multi-pixel photon counter are innovative solid-state silicon
detectors with single-photon sensitivity. Silicon photomultipliers are a valid
alternative to photomultiplier tubes. The foremost advantages of silicon
photomultipliers are high gain, extremely good timing performance, and low
operating voltage. These detectors are insensitive to the magnetic field and
have a high integration level. Furthermore, these detectors are elevated for
Near Ultraviolet (NUV) or red, green, and blue (RGB) light detection with peak
sensitivities at 420 nm or 550 nm. The Chip Scale Package (CSP) delivers a
cost-effective solution with an edgeless silicon photomultiplier die to
maximize the active area.
Additionally, the current concern
over the spread of coronavirus is also expected to have a negative impact on
the silicon photomultiplier market. The manufacturing facilities of the
semiconductor industry have temporarily shut, leading to a significant slowdown
in the production. The COVID-19 outbreak could result in interruption across
the ecosystem with numerous supply chain contributors shifting their production
facilities outside China, thus reducing their over-dependence on China.
Moreover, the lockdowns enforced by several governments in the wake of the
novel coronavirus pandemic has not only affected manufacturing but also dragged
consumer demand for semiconductor devices.
Apart from that, the rapid
development in modern semiconductor structures has paved the way for
innovations and fast-paced progress in the silicon photomultiplier market. The
Silicon photomultipliers fundamentally gained popularity, as they addressed
numerous problems in metal resistive semiconductor (MRS) structures.
Furthermore, the increasing adoption of photonics in life science research is a major factor that is anticipated to boost the demand for silicon
photomultipliers during the projection timeframe. The constant development in
innovative technologies and research is projected to play an important role in
the development of the global silicon photomultiplier market over the forecast
period. Moreover, the adoption of silicon photomultipliers in numerous
applications, comprising quantum optics, quantum information research,
two-photon imaging and medical is anticipated to offer considerable
opportunities for vendors involved in the current silicon photomultiplier
market landscape. Conversely, technological limitations such as higher noise
silicon devices and high-temperature dependency are anticipated to hinder the
market growth in the near future.
Among the geographies, North
America region is expected to hold the largest share in the global silicon
photomultiplier market as countries such as the U.S. and Canada are the
front-runners of the adoption of novel technology. Further, factors such as
rising R&D endeavors by the companies and the presence of numerous market
players dedicated to developing technology is contributing to the growth of the
silicon photomultiplier in the North America region. However, the Asia Pacific
region is expected to showcase the fastest growth during the forecast period
owing to the developing semiconductor industry. The silicon photomultiplier
market has tremendous potential primarily due to growing economic development
and increasing demand from end-use industries.
The report on the global silicon
photomultiplier market covers segments such as device type, and vertical. On
the basis of device type, the sub-markets include analog silicon
photomultiplier and digital silicon photomultiplier. On the basis of vertical,
the sub-markets include oil & gas, it and telecommunication, automotive,
defense and aerospace, semiconductor, healthcare, and others.
The report provides profiles of
the companies in the market such as KIP, SIPM, Indico, CrematExcelitas Technologies
Corporation, Sensl Technologies, AdvanSiD, Ludlum Measurements Inc., Broadcom,
Philips Healthcare, and KETEK GmbH.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the silicon photomultiplier market. Moreover, the study highlights
current market trends and provides forecast from 2020-2026. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.