Silicon Photomultiplier Market (Device Type - Analog Silicon Photomultiplier, and Digital Silicon Photomultiplier; Vertical - Oil & Gas, IT and Telecommunication, Automotive, Defense and Aerospace, Semiconductor, Healthcare, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

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.

Market Insight

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.

Segment Covered

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.

Companies Profiled:

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.

Report Highlights:

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.