Silicon Photomultiplier Market Valued to Experience a Hike in Growth

Transparency Market Research delivers key insights on the global silicon photomultiplier market. In terms of revenue, the global silicon photomultiplier market is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global silicon photomultiplier market.

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The global silicon photomultiplier market is broadly affected by several factors that are increasing the usage of silicon photomultipliers (SiPMs) in the automotive industry for ADAS applications, and to meet the increasing demand for detection and imaging applications with advanced features. The market for silicon photomultiplier systems is likely to take off and it will be interesting to perceive how the contending innovation based new technologies change in the years ahead.

The market is divided into two major segments: type and application. Based on type, the market is bifurcated into NUV SiPMs and RGB SiPMs. The application segment consists of biophotonics & medical imaging, high energy physics, hazard & threat detection, LiDAR & 3D ranging, analytical instruments, and others. Regional segmentation of the silicon photomultiplier market report includes North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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Silicon Photomultiplier Market: Dynamics

LiDAR has become a critical requirement for Advanced Driver Assistance Systems (ADAS) as the automotive industry moves toward improved driver safety and autonomous cars. For Instance, SensL is developing a new range of SiPM, the R-Series that has improved detection efficiency at longer wavelengths used in LiDAR. Silicon photomultipliers (SiPM) and Single Photon Avalanche Diodes (SPAD) sensors are emerging as the most promising sensor technology for long range, >100m, and direct time-of-flight LiDAR that needs to function in bright daylight and with low reflectance targets. Jakajima B.V. has developed LiDAR dedicated Single-Photon Avalanche Diode (SPAD) arrays and silicon photomultiplier arrays, which are manufactured within the company's own automotive qualified 0.35µm CMOS technology. Hence, increasing use of LiDAR in the automotive industry for ADAS applications with silicon photomultipliers is expected to have a high impact on the global silicon photomultiplier market during the forecast period.

The other factor affecting the market is the increasing demand for detection and imaging applications with advanced features. The excellent performance of SiPMs, which has up to single photon detection capability, changed the understanding of the fundamental principle of light detection and offered the possibility to reach the limit of the detection of the photon flux. Silicon photomultipliers are the new step in the development of modern detection structures in the area of low photon flux detection with a unique capability of detection up to the single photon. MDPI, a company based in Basel, Switzerland built a fiber-less prototype of an optical system with 156 channels, each one consisting of an optode made of a silicon photomultiplier (SiPM) and a pair of light emitting diodes (LEDs) operating at 700 nm and 830 nm.

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The development of SiPM in the CMOS framework faces significant issues. The most relevant problem in the integration of such structures within the CMOS technology is that they can suffer localized breakdown conditions on locally concentrated high electric fields at the junction edges. This restraint is projected to have a moderate impact on the silicon photomultiplier market in the next few years.

Silicon Photomultiplier Market: Prominent Regions

Asia Pacific is the fastest growing region in the market followed by Europe and North America, with some major players in the regions active in autonomous vehicle manufacturing. The market in South America is expected to underperform as compared to other regions, owing to economic conditions. The adoption of LiDAR with SiPMs for manufacturing of autonomous vehicles is projected to increase during the forecast period with evolving SiPMs technology and its evolving applications that includes LiDAR. However, the growth rate is expected to be hampered due to some technological compatibility issues with SiPMs almost in every region worldwide.

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Silicon Photomultiplier Market: Key Players

Key players operating in the global silicon photomultiplier market are AdvanSiD, Broadcom, Cremat Excelitas Technologies Corporation, Cremat Inc., First Sensor AG, Ketek GMBH, Onsemi, Philips, Radiation Monitoring Devices Inc., and Sensl.

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