Silicon Photomultiplier Market Size - By Type, By Spectral Sensitivity, By Application, By End Use Industry, Share, Growth Forecast, 2025 - 2034

Silicon Photomultiplier Market Size

The global silicon photomultiplier market was valued at USD 145.8 million in 2024, with a volume of  55,32,855 units, and is estimated to grow at a CAGR of 8.1% from 2025 to 2034. The silicon photomultiplier industry is growing due rising adoption of solid-state LiDAR in autonomous vehicles and growth in PET and SPECT imaging in healthcare diagnostics.
 

Tariffs under the Trump Administration significantly affected the SiPM market by increasing cost of foreign SiPM components and materials. This resulted in higher production costs for companies that were manufacturing SiPMs and associated equipment. U.S. manufacturers were adversely impacted by the disruptions in the supply chain globally, especially with leading suppliers being in Asia. Retaliation tariffs also affected U.S. exports by making foreign sales difficult for companies such as Hamamatsu and Excelitas. Although short-term effects included inflation and supply chain uncertainty, the tariffs created opportunities for local production of SiPM, increasing supply resilience and lowering foreign reliance.
 

The increasing use of solid-state LiDAR in autonomous vehicles is a key driver of the silicon photomultiplier market. SiPMs have a high sensitivity, quick response time, and small size, which makes them perfect for advanced LiDAR systems. With the development of autonomous driving technologies, the need for precise, solid-state optical sensors continues to accelerate.  According to Statista, the solid-state and flash LiDAR market for autonomous car projected to reach USD 1.5 billion by 2032, which emphasizes the strong growth potential and further underlines the fundamental importance of SiPMs for automotive sensing applications.
 

The expansion in PET and SPECT imaging is a significant growth driver for the SiPM market. These sophisticated imaging techniques are used in oncology, cardiology, and neurology for precise and early diagnosis. SiPMs provide higher photon detection efficiency, compactness, and faster timing resolution than standard photomultiplier tubes and making SiPM idea for next-generation PET and SPECT systems. As healthcare providers transition towards precision imaging and minimally invasive diagnosis, the need for high-performance SiPMs in medical imaging devices keeps growing, driving long-term market growth in the healthcare industry.
 

Silicon Photomultiplier Market Trends

• Manufacturers are increasingly adopting SiPMs into compact sensor modules combining signal processing, amplification, and digital output. This trend is supported by miniaturizing devices for medical imaging, portable spectroscopy, and robotics. The shift toward modularity simplifies development, speeds up time-to-market, and cater to OEMs seeking plug-and-play optical detection solutions across industries.
   
• This trend is expected to create new opportunities for players as they can invest in R&D activities and prioritize miniaturization for portable and embedded applications. This is expected to help then differentiate their product and attract new customers.  
   
• There is an increasing trend of shifting from analog to digital SiPMs for applications that demand high timing resolution and low noise primarily time-of-flight PET, LiDAR, and quantum research. Digital SiPMs also offer pixel-level control and superior scalability. This development reflects the market’s move toward precision, data-intensive applications demanding greater signal integrity and processing.
   

Silicon Photomultiplier Market Analysis

Based on the type, the market is segmented into analog SiPM and digital SiPM.
 

• The analog SiPM market was valued at USD 90.6 million in 2024 because of their well-established presence in a wide range of applications in nuclear medicine, high-energy physics, and industrial imaging. Analog are preferred due to their mature design, reduced cost, and ease of integration into conventional analog systems. Their widespread adoption in legacy platforms drives demand despite competition from digital variants.
   
• The digital SiPMs market is projected to reach USD 166.7 million by 2034. Digital SiPMs are being widely adopted due to their enhanced timing resolution, scalability, and integrated digital signal processing.  Digital SiPMs are increasingly adopted in time-of-flight PET, automotive LiDAR, and next-generation photon counting markets where precision and speed of data processing are essential. Their ability to facilitate dense, intelligent sensor geometries makes them best suited for next-generation high-performance systems.
   

Based on end use industry, the silicon photomultiplier market is divided into healthcare & life sciences, automotive, aerospace & defense, industrial, and others.
 

• The healthcare & life sciences market dominated the segment with a market share of 44.2% in 2024 because of the extensive application of SiPMs in PET and SPECT imaging systems, flow cytometry, and radiation detection. SiPMs provide high sensitivity, compactness, and superior timing resolution, these are vital for precision diagnostics and biomedical research. The growing demand for early cancer detection and molecular imaging has continued to influence high adoption across hospitals and research facilities.
   
• Automotive market is estimated to register a CAGR of 12% during the forecast period fueled by increasing deployment of solid-state LiDAR technology in ADAS and autonomous vehicles. SiPMs deliver accurate distance sensing and obstacle detection across a range of lighting environments. With OEMs moving towards full autonomy and vehicle safety, the demand for low-power, small-form-factor, cost-effective optical sensors is increasing aggressively.
   

Based on spectral sensitivity, the silicon photomultiplier market is divided into near ultraviolet (NUV), visible spectrum (RGB), near infrared (NIR), and broad spectrum/multispectral.
 

• Visible spectrum (RGB) market dominated the segment growth with a market share of 47.3% in 2024. Visible spectrum's dominance is attributed to its widespread applications in medical imaging, LiDAR, and industrial automation. RGB-sensitive SiPMs offer the best photon detection for extensively used light wavelengths, which is well suited to the needs of PET scanners, optical sensors, and vision systems. Their cost efficiency, technology maturity, and compatibility with standard imaging systems contributed to their widespread use across end-use applications.
   

Near infrared (NIR) market is estimated to grow at a CAGR of 11.7% during the forecast period because of increasing demand in autonomous vehicles, bioimaging, and defense surveillance. NIR-sensitive SiPMs provide performance improvement in low-light and long-range applications like LiDAR and night vision. With industries demanding deeper tissue imaging and robust environmental sensing, investment in NIR capabilities is growing, thereby propelling growth NIR segment.
 

Based on application, the silicon photomultiplier market is segmented into LiDAR & 3D ranging, medical imaging, high-energy physics, nuclear & radiation detection, flow cytometry, and others.
 

• The medical imaging market was valued at USD 58.8 million in 2024 because of their importance in PET and SPECT systems. They provide superior sensitivity and compact size, along with quick response time essential for accurate and real-time diagnostic imaging. Growing needs for early-stage cancer detection, an aging population, and the broadening application of hybrid imaging systems sustain the steady growth of this segment.
   
• LiDAR & 3D ranging market is anticipated to grow at a CAGR of 12.6% during the forecast period. The LiDAR & 3D ranging application is experiencing significant growth due to the increase in investment in autonomous vehicles, robotics, and smart infrastructure. The high photon detection efficiency and rapid response time of SiPMs makes them ideal for time-of-flight measurements. As industries focus on precision mapping, obstacle detection, and navigation in complex environments, the need for SiPM in LiDAR systems is growing significantly.
   

• The U.S. silicon photomultiplier market was valued at USD 44.2 million in 2024. The U.S. has a robust SiPM market presence because of its dominance in medical imaging, defense technologies, and R&D infrastructure. Domestic players such as Onsemi and Excelitas are the key players supporting domestic innovation and supply. Ongoing healthcare digitization and government spending on radiation detection support steady growth.
   
• The Germany SiPM market is projected to grow at a CAGR of 7.5% during the forecast period because of strong demand in automotive LiDAR, nuclear safety, and scientific applications. Its mature semiconductor and photonics industry, along with high export orientation, places it on the path to moderate but stable growth, especially in industrial and high-accuracy applications.
   
• The China SiPM market is expected to grow at a CAGR of 11.2% during the forecast period. China market is  driven by investments in autonomous vehicles, AI-driven surveillance, and increasing healthcare infrastructure. Domestic manufacturing scale and government-supported R&D in photonics are propelling SiPM adoption. The nation is emerging as a demand center and production hub for SiPM.
   
• Japan SiPM market was valued at USD  11.2 million in 2024. Japanese market is driven by its leadership in high-end scientific research, medical imaging, and industrial industries. Japan boasts a mature market for SiPMs, especially in fields such as high-energy physics and radiation detection. The constant demand for SiPMs in healthcare and research contributes to steady growth.
   
• South Korea silicon photomultiplier market is projected to grow at a CAGR of 9.55% throughout the forecast period. South Korea SiPM market is driven by technological advancements in the automotive and electronics sector. South Korea is investing heavily on autonomous car technology and optical sensors for industrial automation which boosts demand for SiPMs. Robust research and development growth and growing healthcare industry also supports the growth.
   
• UAE market is projected to grow at a CAGR of 5.5% throughout the forecast period. The UAE SiPM market is in its early stage, supported by investment in sophisticated healthcare infrastructure, nuclear power initiatives, and smart city projects. The country's emphasis on implementing precision medical imaging and radiation monitoring technologies is generating niche demand for SiPMs. Government support for innovation and collaboration with international technology providers are likely to spur modest market growth over the next few years.
   
• Saudi Arabia silicon photomultiplier market is projected to grow at a CAGR of 6.5% throughout the forecast period. Saudi Arabia is experiencing steady expansion in the SiPM market, driven by its Vision 2030 initiative that focuses on modernizing healthcare, scientific research, and industrial diversification. Nuclear energy and security technology investments are driving demand for radiation detection systems where SiPMs are a key component. The country is also investigating in medical diagnostics with long-term potential for photonics integration.
   
• South Africa market is projected to grow at a CAGR of 4.3% throughout the forecast period. South Africa is a developing market for SiPMs, with demand coming from research work in academia, nuclear safety, and public health applications. Although the size of the market is relatively small, ongoing activities in radiation monitoring, medical imaging, and scientific instrumentation are driving the demand. Local production is limited and supplemented by imports; collaboration with international vendors is needed to expand SiPM penetration in the country.
   

Silicon Photomultiplier Market Share

The silicon photomultiplier industry is highly competitive with the existence of international players and regional players. The top 4 companies in the market are Semiconductor Components Industries (onsemi), Broadcom Inc., Hamamatsu Photonics, and Excelitas Technologies Corp., with a combined market share of 69.7%. These companies have leadership through improved R&D capabilities, vertically integrated production, and solid application-specific portfolios serving automotive, medical, and scientific markets.
 

Dominant players are investing in digital SiPM innovation, miniaturization, and integration into system-on-chip architectures to meet changing customer requirements. Strategic partnerships with OEMs, diversification into developing markets, and involvement in government-backed research projects are typical tactics. Competition is also increasing in the automotive and medical markets, where accuracy, reliability, and scalability are paramount differentiators.
 

Apart from the global players, the market has various regional and niche companies such as AdvanSiD, and First Sensor. These companies specialize in customized SiPM solutions for high-energy physics, radiation monitoring, and industrial instrumentation. Their innovation agility and capability to cater to particular end-use needs enable them to remain pertinent despite the strong presence of large incumbents.
 

Semiconductor Components Industries, LLC (onsemi) is a leader in SiPM technology with a strong presence in automotive LiDAR, industrial automation, and medical imaging. SensL's acquisition enhanced capabilities in low-light sensing and time-of-flight. ON Semiconductor is a market leader in scalable, automotive-grade SiPM solutions, a top autonomous driving and smart sensing technologies enabler.
 

Hamamatsu Photonics is a leader in photodetector technology, boasting a rich history of analog and digital SiPMs designed for medical imaging, high-energy physics, and scientific research. Known for its precision and reliability, the company delivers SiPMs to top PET system makers and research centers. Its emphasis on R&D and application-specific innovation keeps it ahead of high-performance photonics solutions.
 

Silicon Photomultiplier Market Companies

The top 4 companies operating in the silicon photomultiplier industry are:

• Semiconductor Components Industries, LLC
• Broadcom Inc.
• Hamamatsu Photonics K.K.
• Excelitas Technologies Corp.
   

Silicon Photomultiplier Industry News

• In November 2024, Hamamatsu Photonics K.K., through its U.S. subsidiary Photonics Management Corp., has acquired BAE Systems Imaging Solutions, Inc., a San Jose, California-based semiconductor manufacturer specializing in high-performance CMOS image sensors for visible to near-infrared (NIR) and X-ray applications.
   
• In November 2023, LabLogic Systems Ltd. launched two new cableless detectors, Flow-RAM 2 and Scan-RAM 2. The detectors utilize Silicon Photomultipliers (SiPMs) with Peltier cooling, which offer improved sensitivity, counting efficiency, and temperature stability compared to traditional photomultiplier tubes (PMTs).
   

This silicon photomultiplier market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Million) and volume (Units) from 2021 to 2034, for the following segments:

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Market, By Type

• Analog SiPM
• Digital SiPM

Market, By Spectral Sensitivity

• Near ultraviolet (NUV)
• Visible spectrum (RGB)
• Near infrared (NIR)
• Broad spectrum/multispectral

Market, By Application

• LiDAR & 3D ranging
• Medical imaging
• High-energy physics
• Nuclear & radiation detection
• Flow cytometry
• Others

Market, By End Use Industry

• Healthcare & life sciences
• Automotive
• Aerospace & defense
• Industrial
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ 
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa