Developed as NASA Astrophysics Probe-class mission, the Probe Of Extreme Multi-Messenger Astrophysics (POEMMA) is designed to identify the sources of ultra-high energy cosmic rays (UHECRs) and to observe cosmic neutrinos. POEMMA consists of two spacecraft flying in a loose formation at 525 km altitude, 28.5$^circ$ inclination orbits. Each spacecraft hosts a Schmidt telescope with a large collecting area and wide Field-of-View (FoV). A novel focal plane is employed that is optimized to observe both the UV fluorescence signal from extensive air showers (EASs) and the optical Cherenkov signals from EASs. In UHECR stereo fluorescence mode, POEMMA will measure the spectrum, composition, and full-sky distribution of the UHECRs above 20 EeV with high statistics along with remarkable sensitivity to UHE neutrinos. The POEMMA spacecraft are designed to quickly re-orient to a Target-of-Opportunity (ToO) neutrino mode to observe transient astrophysical sources with unique sensitivity. In this mode, POEMMA will be able to detect cosmic tau neutrino events above 20 PeV by measuring the upward-moving EASs for $tau$-lepton decays induced from tau neutrino interactions in the Earth. In this paper, POEMMAs science goals and instrument design are summarized with a focus on the SiPM implementation in POEMMA, along with a detailed discussion of the properties of the Cherenkov EAS signal in the context of wide wavelength sensitivity offered by SiPMs. A comparison of the fluorescence response between SiPMs and the MAPMTs currently planned for use in POEMMA will also be discussed, assessing the potential for SiPMs to perform EAS fluorescence measurements.