As per this study, the Global Silicon Photomultipliers Market was valued USD XX.X MN (by revenue) in 2018 and is anticipated to reach USD XX.X MN by 2025 with a CAGR of X.X%.
 
Silicon Photomultipliers are often known as SiPMs or multi-pixel photon counter. It’s a sensor or radiation detector with high sensitivity and efficiency. SiPMs consists of a matrix of small-sized sensitive elements called micro cells or pixels all are parallel connected. SiPMs used in applications where it is necessary for low radiations levels to be measured and quantified with high precision. SiPMs has some features such as low-voltage operation, insensitive to magnetic fields, mechanical robustness and excellent uniformity of response.
 
Market Dynamics
 
The growing demand in the healthcare industry for medical imaging and biophotonics is driving the market growth. Increasing adoption of hazard and threat detection for securing national infrastructure against nuclear incidents and contraband trafficking is again boosting the demand of silicon photomultipliers. Growing replacement of the traditional photomultiplier tube (PTM) with silicon photomultipliers in applications, including high energy physics, nuclear medicines, and scanning electron microscopy is again driving the demand in the market. Apart from this, increasing demand of LiDAR in the self-driven car is expected to boost the market growth in the forecast period. Whereas, high-temperature dependency and excess noise of the silicon devices may hamper the market growth.   
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of silicon photomultipliers.
 
Market Segmentation
 
The broad silicon photomultipliers market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Type

• Digital
• Mimical

• Nuclear Medicine
• High Energy Physics
• Other