Silicon Photomultiplier (SiPM) Market Report by Type (NUV SiPM, RGB SiPM), Device Type (Analog SiPM, Digital SiPM), Application (LiDAR, Medical Imaging, High Energy Physics, Hazard and Threat Detection, and Others), Industry Vertical (Automotive, Healthcare, IT and Telecommunication, Aerospace, Oil and Gas, and Others), and Region 2025-2033

Silicon Photomultiplier (SiPM) Market Report by Type (NUV SiPM, RGB SiPM), Device Type (Analog SiPM, Digital SiPM), Application (LiDAR, Medical Imaging, High Energy Physics, Hazard and Threat Detection, and Others), Industry Vertical (Automotive, Healthcare, IT and Telecommunication, Aerospace, Oil and Gas, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A5174

Market Overview:

The global silicon photomultiplier (SiPM) market size reached USD 146.8 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 240.2 Million by 2033, exhibiting a growth rate (CAGR) of 5.34% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 146.8 Million
Market Forecast in 2033
USD 240.2 Million
Market Growth Rate 2025-2033 5.34%


The silicon photomultiplier (SiPM) refers to a solid-state photodetector device with single-photon sensitivity, photon counting capability, and quick response. It is a semiconductor device that generates an output current pulse in response to the absorption of a photon. It is widely used for sensing, timing, and quantifying low-light signals down to the single-photon level. It also offers advantages, such as low-voltage operation, excellent response uniformity, mechanical robustness, insensitivity to magnetic fields, high gain, and temperature stability. In recent years, SiPM has gained traction as an alternative to the traditional photomultiplier tube (PMT) due to its compact size and higher efficiency across numerous industries, including electronics, automotive, healthcare, IT and telecommunication, oil and gas, industrial, and aerospace.

Silicon Photomultiplier (SiPM) Market Trends:

SiPM is extensively employed in medical imaging, biophotonics, hazard and threat detection, high energy physics, light detection and ranging (LiDAR), and 3D mapping technology. As a result, the increasing product applications and significant growth in the end use sectors represent the primary factors driving the market growth. Additionally, the growing need for accurate diagnosis in the healthcare industry and the rising adoption of LiDAR technology in the aerospace and automotive sectors are augmenting the demand for silicon photomultiplier. Besides this, the widespread usage of the advanced driver assistance system (ADAS) and the surging sales of high-end vehicles are accelerating product adoption rates. Furthermore, the leading players are engaging in research and development (R&D) activities to launch innovative product variants to gain a competitive edge and expand their customer base. Other factors, including the shifting inclination toward semi-autonomous vehicles, the increasing number of nuclear power plants, the growing demand for product detection and imaging, and technological advancements, are also creating a positive market outlook. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global silicon photomultiplier (SiPM) market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on type, device type, application and industry vertical.

Breakup by Type:

  • NUV SiPM
  • RGB SiPM
     

Breakup by Device Type:

  • Analog SiPM
  • Digital SiPM
     

Breakup by Application:

  • LiDAR
  • Medical Imaging
  • High Energy Physics
  • Hazard and Threat Detection
  • Others
     

Breakup by Industry Vertical:

  • Automotive
  • Healthcare
  • IT and Telecommunication
  • Aerospace
  • Oil and Gas
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AdvanSiD, Berkeley Nucleonics Corporation, Broadcom Inc., Cremat Inc, Dynasil Corporation, Excelitas Technologies Corp., First Sensor AG (TE Connectivity), Hamamatsu Photonics K.K., John Caunt Scientific ltd., PicoQuant and Semiconductor Components Industries LLC.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Million USD
Segment Coverage Type, Device Type, Application, Industry Vertical, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered AdvanSiD, Berkeley Nucleonics Corporation, Broadcom Inc., Cremat Inc, Dynasil Corporation, Excelitas Technologies Corp., First Sensor AG (TE Connectivity), Hamamatsu Photonics K.K., John Caunt Scientific ltd., PicoQuant and Semiconductor Components Industries LLC
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global silicon photomultiplier (SiPM) market was valued at USD 146.8 Million in 2024.

We expect the global silicon photomultiplier (SiPM) market to exhibit a CAGR of 5.34% during 2025-2033.

The rising utilization of silicon photomultiplier in medical imaging, hazard and threat detection, light detection and ranging (LiDAR), 3D mapping technology, etc., is currently driving the global silicon photomultiplier (SiPM) market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for silicon photomultiplier.

Based on the device type, the global silicon photomultiplier (SiPM) market has been segmented into analog SiPM and digital SiPM. Currently, analog SiPM holds the majority of the total market share.

Based on the industry vertical, the global silicon photomultiplier (SiPM) market can be divided into automotive, healthcare, IT and telecommunication, aerospace, oil and gas, and others. Among these, the automotive sector currently exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global silicon photomultiplier (SiPM) market include AdvanSiD, Berkeley Nucleonics Corporation, Broadcom Inc., Cremat Inc, Dynasil Corporation, Excelitas Technologies Corp., First Sensor AG (TE Connectivity), Hamamatsu Photonics K.K., John Caunt Scientific ltd., PicoQuant, and Semiconductor Components Industries LLC.

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Silicon Photomultiplier (SiPM) Market Report by Type (NUV SiPM, RGB SiPM), Device Type (Analog SiPM, Digital SiPM), Application (LiDAR, Medical Imaging, High Energy Physics, Hazard and Threat Detection, and Others), Industry Vertical (Automotive, Healthcare, IT and Telecommunication, Aerospace, Oil and Gas, and Others), and Region 2025-2033
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