The Silicon Photomultiplier Market Growth, and Research Report Breakdown

The silicon photomultiplier market is expected to grow from USD 120 million in 2021 to USD 173 million by 2026, at a CAGR of 7.6%. Increasing demand for silicon photomultipliers in medical imaging and growing use of SiPMs in LiDAR and 3D mapping technology —are the key factors driving the silicon photomultiplier market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=51945586

Based on the offering, the silicon photomultiplier market has been divided into Near ultraviolet (NUV) silicon photomultipliers, and Red, green blue (RGB) silicon photomultipliers. the RGB silicon photomultiplier segment held the highest share in 2020. Factors responsible for the growth of the RGB silicon photomultiplier segment include applications such as high energy physics and radiation detection and monitoring. Installation of radiation detection infrastructure across country borders by NATO allied nations is responsible for increasing demand for RGB silicon photomultipliers.

On the basis of end user, the market is categorized into healthcare, automotive, consumer electronics and telecommunications, aerospace, oil & gas, and others. In 2020, the healthcare segment accounted for the largest share of the silicon photomultiplier market. Growth in the healthcare segment can be attributed to increasing demand for SiPMs for diagnostic medical imaging and nuclear medicine imaging.

Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=51945586

Among all regions, APAC is expected to register the highest growth in the silicon photomultiplier market during the forecast period. The market in APAC is expected to record the highest CAGR during the forecast period. China, Japan, and South Korea are expected to be the major countries driving the silicon photomultiplier market in APAC. Improving healthcare infrastructure in hospitals and investments in radiation detection infrastructure at borders are expected to boost the demand for silicon photomultipliers in this region.

Comments

Post a Comment

Popular posts from this blog

Sustainable Practices Boost Demand for Pressure Transmitters in Water & Wastewater Treatment

  The global pressure transmitter market is poised for substantial growth, driven by the increasing demand across various industries. Among these, the water and wastewater treatment industry is anticipated to register the highest growth rate during the forecast period. This growth is fueled by the rising need for efficient and reliable pressure measurement solutions to ensure safe and effective water treatment processes. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=937 Importance of Pressure Transmitters in Water & Wastewater Treatment Pressure transmitters play a crucial role in the water and wastewater treatment industry. They are essential for monitoring and controlling the pressure within pipelines, tanks, and other critical infrastructure. Accurate pressure measurement is vital for: Process Optimization : Ensuring optimal pressure levels helps in maintaining the efficiency of treatment processes, reducing energy consumption, and min...
Read more

Retail & Logistics: Driving Growth in the Mesh Gateway Market

The mesh gateway market is poised for substantial growth, with the retail and logistics sectors emerging as key contributors. As businesses increasingly adopt digital transformation strategies, the demand for reliable, scalable, and efficient network solutions has skyrocketed. Mesh gateways, known for their ability to enhance network coverage and reliability, are becoming integral to these sectors. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=191463907 Understanding Mesh Gateways Mesh gateways are networking devices that facilitate the interconnection of various network nodes, forming a robust and seamless communication network. Unlike traditional networking solutions, mesh gateways allow each node to connect to multiple other nodes, creating a web-like structure. This architecture ensures continuous connectivity, even if one node fails, as the network can dynamically reroute data through other available nodes. Why Retail & Logistics? ...
Read more

Future Insights: Energy & Utilities to Drive Cellular Modem Market Expansion

The cellular modem market is poised for substantial growth between 2023 and 2028, with the Energy & Utilities segment expected to hold the largest market share. This trend is driven by several factors, including the increasing demand for advanced communication technologies to enhance operational efficiency, safety, and remote monitoring capabilities within the sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=135102534 Key Factors Driving Growth in the Energy & Utilities Segment Enhanced Communication Needs : The Energy & Utilities sector requires robust and reliable communication solutions to manage extensive networks of equipment and infrastructure. Cellular modems offer seamless connectivity, which is crucial for real-time data transmission and remote management. This capability is particularly important for ensuring the efficient operation and maintenance of energy grids, water systems, and othe...
Read more