Shortwave Infrared (SWIR) Market synopsis
Global shortwave infrared (swir) market is expected to grow from USD 158.4 million in 2017 to USD 261.6 million by 2023, at a CAGR of 9.05% during the forecast period.
Shortwave infrared refers to the light with a wavelength range from 0.9 – 1.7μm to 0.7 – 2.5μm. Shortwave infrared is predominantly used for imaging purpose as it provides exceptional illumination for outdoor and night-time imaging. Growing demand of shortwave infrared cameras for machine vision application in various industries such as electronics and semiconductors, food & beverages, and aerospace & defense coupled with advancement in shortwave infrared sensors that enables it to detect objects in low-light and complete darkness are the key drivers for the global shortwave infrared market. Furthermore, benefits such as low cost and low power consumption also boost the demand of shortwave infrared products.
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Shortwave infrared market, by scanning type is bifurcated into area scan and line scan. The line scan shortwave infrared products are anticipated to witness highest growth rate during the forecast period owing to the ability to image a fast-moving object at high rate and also the lower cost when compared to similar area scan products.
By technology, the report segments the shortwave infrared market by cooled infrared imaging and uncooled infrared imaging. The uncooled infrared imaging segment is estimated to dominate the market during the forecast period. The uncooled infrared imaging camera are largely opted for security & surveillance applications across different industries.
The key players operating in the shortwave infrared market and profiled in this report are Sensors Unlimited (US), Flir Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Opgal Optronic Industries (Israel), Hamamatsu Photonics K.K. (Japan), Photon Etc. (Canada), Ircameras LLC (US), and HGH Infrared Systems (France). These players are largely investing in organic growth strategies such as expansion and new product launches to strengthen their position in the shortwave infrared market. For instance, in 2018, New Imaging Technologies launched a new shortwave infrared camera WiDy SenS largely to cater to surveillance, microscopy, and laser beam profiling applications.
Shortwave Infrared (SWIR) Market Key players
The prominent players in the shortwave infrared market have been identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. The major vendors of the market are Sensors Unlimited (US), Flir Systems (US), Xenics (Belgium), New Imaging Technologies (France), Allied Vision Technologies (Germany), Sofradir (France), Raptor Photonics (UK), Opgal Optronic Industries (Israel), Hamamatsu Photonics K.K. (Japan), Photon Etc. (Canada), Ircameras LLC (US), Princeton Infrared Technologies (US), Episenors (Ireland), and HGH Infrared Systems (France).
Shortwave Infrared (SWIR) Market Segmentation
Shortwave infrared market is segmented based on scanning type, technology, application and region.
Based on scanning type, the market is bifurcated into area scan and line scan.
By technology, the market is categorized as cooled infrared imaging and uncooled infrared imaging
Based on application, the market is segmented into aerospace & defense, electronics & semiconductor, healthcare, scientific research, FMCG, and others.
By region, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.
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Shortwave Infrared (SWIR) Market Regional analysis
The global market for shortwave infrared market is estimated to grow at a notable rate during the forecast period from 2018 to 2023. The geographical analysis of shortwave infrared market is done for North America, Europe, Asia-Pacific, and the rest of the world.
North America is expected to dominate the shortwave infrared market from 2018 to 2023 owing to the high demand for SWIR cameras from end-use verticals such as defense, healthcare and scientific research. Furthermore, higher concentration global market players and easy availability of proficient technical expertise drive the demand for shortwave infrared cameras. This region is estimated to grow at a significant CAGR during the forecast period.
Shortwave Infrared (SWIR) Market Competitive Analysis
The shortwave infrared market has witnessed the high demand from non-industrial sectors such as defense, civil infrastructure, healthcare, and scientific research. Key players are adopting strategies such as geographic and new product launches to increase their shares in the global shortwave infrared market. XX% of the total company developments were a part of partnership & collaboration whereas, new product launches and product enhancements accounted for XX% of the total strategic developments adopted by the key players in the market.
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Original equipment manufacturers (OEMs)
Semiconductor component manufacturers and distributors
Component and hardware providers
Technology consultants and system integrators
Equipment distributors and suppliers
Standard devices and technology suppliers (to system integrators)
Research organizations and consulting companies
Government bodies such as regulatory authorities and policymakers
Venture capitalists and private equity firms
Technology standard organization, forums, alliances, and associations
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