Published Date: 18-Aug-2021
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According to a new report Global Silicon Photomultiplier (SiPM) Market, published by KBV research, The Global Silicon Photomultiplier (SiPM) Market size is expected to reach $190.8 Million by 2027, rising at a market growth of 7% CAGR during the forecast period.
The NUV-SiPMs is the recently emerged photomultiplier with improved detection efficiency and various solutions to minimize the noise of the detectors, at a cell-layout level and technological level. These new NUV-SiPMs offer high detection efficiency of 43 % at 420 nm, ultra-low after pulse probability, dark count rate below 100 kHz/mm2 at the high bias voltage & room temperature, and broad operating voltage range. In addition, this type of photomultiplier features a quicker recovery time.
LiDAR is implemented in the automotive sector to enhance the safety & advanced driver assistance systems (ADAS), supporting features like lane-keeping and traffic jam assistance by accompanying & offering redundancy with other sensing modalities. In the last few years, 3D-silicon photomultipliers have witnessed a high adoption owing to the improvements taking place in the LiDAR technology, mostly in the automotive sector. Some other applications where silicon photomultipliers are significantly utilized involve analytical instruments, LiDAR & 3D ranging, and high energy physics, which is a major aspect fueling the growth of the market.
The Asia Pacific market dominated the Global Silicon Photomultiplier (SiPM) Market by Region 2020, and would continue to be a dominant market till 2027. The Europe market is experiencing a CAGR of 6.6% during (2021 - 2027). Additionally, The North America market is poised to grow at a CAGR of 6.8% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Broadcom, Inc., Koninklijke Philips N.V., TE Connectivity Ltd., ON Semiconductor Corporation, Hamamatsu Photonics K.K., AdvanSiD, Cremat, Inc., Excelitas Technologies Corp., Ketek GmbH, and Dynasil Corporation of America
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