Silicon Photomultiplier Market Size, Opportunities and Challenges by 2032
The Silicon Photomultiplier (SiPM) market is experiencing significant growth driven by increasing demand for advanced photodetectors in medical imaging, particularly in PET (Positron Emission Tomography) scanners. The rising adoption of SiPMs in LiDAR systems for autonomous vehicles, their expanding use in high-energy physics experiments, and growing applications in industrial automation and homeland security are further fueling market expansion.