Silicon Photomultiplier Market Analysis: Applications in Healthcare, Automotive & Research
The global Silicon Photomultiplier (SiPM) market is projected to reach USD 274.4 million by 2031, growing at a robust compound annual growth rate (CAGR) of 8.3% from 2022 to 2031. This growth is driven by the rising demand for highly sensitive and efficient photon detection technologies. SiPMs are gaining traction as critical components across a range of industries, including medical imaging, high-energy physics, automotive systems, and defense, due to their precision, compact size, and low-light detection capabilities.
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