Silicon Photomultiplier (SiPM) Market Report 2022-2027 Size, Share, Growth, Trends, Analysis
According to the latest report by IMARC Group, titled " Global Silicon Photomultiplier (SiPM) Market Report, Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the global silicon photomultiplier (SiPM) market reached a value of US$ 120.8 Million in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 179.2 Million by 2027 exhibiting a CAGR of 6.50% during 2022-2027. Silicon photomultiplier (SiPM) is a photodetector that enhances the sensitivity and timing of photodetection applications. It deals with the issue of timing, sensing, and quantifying low-light signals into a single-photon level. SiPM offers advantages such as detecting light wavelengths near-infrared to the near-ultraviolet range and enhancing efficiency compared to heavy photomultiplier tubes. It also has the ability to identify a broad spectrum of photos in various applications such as hazard and threat detection, medical imaging, and LiDAR. Consequently, SiP...