Silicon Photomultiplier Market 2023 Key Players, End User, Demand and Consumption by 2030
Silicon Photomultiplier Market Size was valued at USD 132.17 million in 2022 and is expected to reach USD 242.84 million by 2030, growing at a CAGR of 7.9% over the forecast period 2023-2030.
The Silicon Photomultiplier (SiPM) market is witnessing rapid growth due to its application in low-light detection scenarios. SiPMs, semiconductor-based devices, offer high sensitivity and efficiency in photon counting, making them crucial in fields like medical imaging, LiDAR, and particle physics. The market is driven by increasing demand for advanced sensing technologies.