According to a market report by Lucintel, the future of the silicon photomultiplier market looks promising with opportunities in the oil & gas, IT and telecommunication, automotive, aerospace and defense, consumer electronics, healthcare, and other industries. The global silicon photomultiplier market is expected to grow with a CAGR of 8% from 2021 to 2026. The major drivers for this market are growing usage of silicon photomultiplier in the automotive industry for advanced driver assistance system and increase in demand for accurate diagnosis in the healthcare industry.
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In this market, analog silicon photomultiplier and digital silicon photomultiplier are used in a wide range of industries. Digital silicon photomultiplier is expected to witness the highest growth over the forecast period.
Asia Pacific will remain the largest region during the forecast period due to increasing automotive production, growing demand for tablets and smartphones, and growth in demand for home appliances.
AdvanSiD, Broadcom, Cremat Excelitas Technologies, First Sensor, Ketek, Onsemi, Philips, Radiation Monitoring Devices, and SensL Technologies are among the major silicon photomultiplier manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global silicon photomultiplier market by device type, end use industry, type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Silicon Photomultiplier Market 2021-2026: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global silicon photomultiplier market by device type, vertical, type, application, and region as follows:
By Device Type [$M shipment analysis for 2015 – 2026]:
Analog Silicon Photomultiplier
Digital Silicon Photomultiplier

By End Use Industry [$M shipment analysis for 2015 – 2026]:
Oil & Gas
IT and Telecommunication
Automotive
Aerospace and Defense
Consumer Electronics
Healthcare
Other

By Type [$M shipment analysis for 2015 – 2026]:
Near Ultraviolet (NU) Silicon Photomultiplier
Red, Green, Blue (RGB) Silicon Photomultiplier

By Application [$M shipment analysis for 2015 – 2026]:
Biophotonics & Medical Imaging
High Energy Physics
Hazard & Threat Detection
LiDAR & 3D Ranging
Analytical Instruments
Others

By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico

Europe
Germany
United Kingdom
France
Italy

Asia Pacific
China
Japan
India
South Korea

The Rest of the World
This more than 150 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at [email protected].
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.