According to the new market research report "Shortwave Infrared (SWIR) Market by Scanning Type (Area Scan and Line Scan), Technology (Cooled and Uncooled), Vertical (Industrial, Commercial, Military & Defense, Medical, Scientific Research), and Geography - Global Forecast to 2023", the SWIR market is expected to grow from USD 809.9 Million in 2016 to USD 1,357.7 Million by 2023, at a CAGR of 7.68% between 2017 and 2023. The growth of this market can be attributed to the high demand for these cameras from industrial, military and defense, and commercial verticals for various applications, such as surveillance, inspection, night vision enhancement, camouflage detection, and moisture detection.
Browse 64 Market Data Tables and 35 Figures spread through 131 Pages and in-depth TOC on "Shortwave Infrared (SWIR) Market - Global Forecast to 2023"
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SWIR technology enables users to see beyond the visible spectrum; this allows cameras based on SWIR technology to be used in various application areas. Night vision enhancement, moisture detection, solar cell inspection, camouflage detection, silicon wafer inspection, and surveillance are some of the major applications of SWIR cameras.
The SWIR market is expected to be valued at USD 1,357.7 million by 2023, growing at a CAGR of 7.68% between 2017 and 2023. High demand from the industrial vertical is one of the major factors fueling the growth of the SWIR market.
Sensors Unlimited (US) and FLIR Systems (US) are 2 of the key players in the SWIR market. Sensors Unlimited has strong presence in the market and is well known for its SWIR imaging solutions and InGaAs technology products. Apart from a broad SWIR technology-related product portfolio, the company’s strong brand image and customer base have helped it gain a significant position in the SWIR market.
The company provides a number of area scan SWIR cameras and line scan SWIR cameras, which are used in various applications, including security and surveillance, machine vision, semiconductor inspection, spectroscopy, and thermography.
FLIR Systems experience of over 35 years in the infrared imaging industry, coupled with its strong brand image and sales and distribution network, has helped it gain a prominent position in the SWIR market.

Key Players:
The major players in the SWIR market have primarily adopted the strategy of product launches to strengthen their product portfolio and expand the reach of their offerings to new clients. For instance, in 2017, FLIR Systems (US) launched FLIR A6260sc SWIR camera, which has applications for research scholars and scientists. This product launch seeks to cater to the demand for SWIR cameras from the research community. Moreover, in 2016, New Imaging Technologies (France) launched WiDy SWIR 640U-ST—an SWIR camera with features such as USB2.0 output, 15-micron pixel pitch, and Video Graphics Array (VGA) sensor.
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Furthermore, the key players in the SWIR market have adopted various expansion and contract strategies between 2013 and 2017. For instance, in 2017, Raptor Photonics (UK) appointed New Road Agencies, an Israel-based technology products distributor, to distribute its scientific cameras in Israel, enabling the company to increase its presence in the Middle East. Moreover, in 2016, Xenics USA (US) entered into a distribution partnership with Laser Components USA, a US-based distributor of cameras, lasers, and detectors, enabling the company to increase its presence in North America.

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