Key players operating in the global silicon photomultiplier market include, KIP, SIPM, Indico, Cremat Excelitas Technologies Corporation, Sensl Technologies, AdvanSiD, Ludlum Measurements, Inc., Philips Healthcare, KETEK GmbH, Radiation Monitoring Devices Inc, Vertilon, PMC, First Sensor AG, Hamamatsu Photonics K.K., Broadcom and some others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market.
Silicon photomultiplier is solid state photon sensitive device, it have capability to sense broad range of signal from ultra violet to infrared. The silicon multiplier produces electrical current proportional to number of photons hitting on device photon sensitive area. It is designed with high detection efficiency. It consist of large number of small microcells. Every microcell is avalanche photodiode with its own capacitive coupled fast output and quench resistor. All these microcells are arranged in array with like terminals connected to each other.
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The array of microcell can be considered single photon avalanche diode (SPAD), it has ability to count or sense single photon. This property of silicon photomultiplier made it applicable in detection of low light or radiations with very high precision. It is based on reverse P/N junction diode with high efficiency and very low time jitter. The silicon photomultiplier is applicable in various field including automotive, medical, aerospace, information and telecommunication and others. Moreover, it is used for various application such as LiDAR, 3D- Ranging, detection of nuclear medicine, medical imaging, high energy physics, aero particle physics, novel scintillators for research and industry, hazard and threat detection, biophonotics, sorting and recycling, and LiDAR & 3D- Ranging.
The global silicon photomultiplier market is expected to be driven by increasing usage of silicon photomultiplier in automotive for advanced driver assistance system. In addition to that, silicon multiplier also offers many advantages for light detection and ranging in advanced driver assistance system. Further expected to contribute to growth of the global silicon photomultiplier market during forecast period. Silicon photomultiplier offers advantages over the conventional silicon based electronics sensor and devices in critical applications of healthcare. Furthermore increasing demand of detection, high imaging and need of accurate diagnosis in healthcare industry, further it is expected to boost the demand of in silicon photomultiplier during forecast period. Manufacturers focusing on to design and development of various application of silicon photomultiplier in field of urban mining, recycling, sorting and in other industrial applications further expected to contribute to the growth of global of silicon photomultiplier market. However the technological limitations such as higher noise silicon devices expected to hinder growth of the global silicon photomultiplier market during forecast period.
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The global silicon photomultiplier market has been segmented based on device type, end-use industry, and region. Based on device type, the global silicon photomultiplier market can be classified into analog silicon photomultiplier and digital silicon photomultiplier. Based on end-use industry, the global silicon photomultiplier market can be segmented into oil & gas, IT and telecommunication, automotive, defense and aerospace, semiconductor, healthcare, and others. The sub segment healthcare of the silicon photomultiplier market is anticipated to offer most promising opportunities during the forecast period. In the terms of region, the global silicon photomultiplier market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to contribute a significant share to the global molecular electronics market due to the presence of leading molecular electronics manufacturers.
Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product development. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global silicon photomultiplier market over the period of study.